Displaying items by tag: Price
India: The Builders Association of India has urged that the state government of Tamil Nadu take measures to reduce the price of cement following a 37% rise in the cost of the commodity. Chairman S Ayyanathan said cement prices had witnessed ‘sharp’ increase in the last 10 days, despite the cost of raw materials, labour and transportation remaining static, according to the Hindu newspaper. He also cited falling demand for cement due to a slowdown in construction activity in the state.
Kyrgyzstan: Shukhrat Sabirov, the head of the State Antimonopoly agency, has reported to parliament that South Kyrgyz Cement was fined for selling exported cement at a price lower than it sells cement locally. The official made the comment in response to questions from a member of parliament, according to Kyrgyzstan Newsline.
Production to rise at Malabar Cements
06 February 2019India: State-owned producer Malabar Cements will increase production following reduced production over the last three months. The state government of Kerala has intervened following price rises, according to the Hindu newspaper. Malabar Cement sells around 6 - 8% of the cement sold in the state. The state government is also considering regulating the price of cement.
Laos: Cement imports rose to a value of US$47.8m in the first 10 months of 2018 compared to US$47.6 for the entirety of 2017. In 2016 the country exported US$0.2m worth of cement, according to the Ministry of Industry and Commerce and the Vientiane Times newspaper.
The price of cement in the country reportedly fell when the Vientiane Hongshi Xaythirath Factory in Phabong village, Hinheup district opened in 2016. The unit was built using Chinese investment of US$300m and it has a cement production capacity of 5000t/day. The country has 16 cement plants in operation or under construction. It has a total production capacity of 6.76Mt/yr.
China Resources Cement forecasts profit rise in 2018
14 January 2019China: China Resources Cement (CRC) says that its profit will rise ‘significantly’ in 2018. It has attributed this to a 29% rise year-on-year in the average price of cement in the first 11 months of 2018.
Turkey: Nihat Özdemir, the chair of Limak Holding and president of the Turkish Cement Manufacturers’ Association (TÇMB), has reassured the construction industry that the price of cement will not rise too sharply in 2019. He denied that the price would rise by up to 40%, according to the Hürriyet Daily News newspaper. However, he did confirm that prices would increase due to growing input costs and negative foreign currency exchange effects. Özdemir said that electricity costs had risen by 76%, coal by 182% and petroleum coke by 170%.
In late December 2018 the Construction Contractors Confederation (İMKON) complained about an expected 40% price rise in cement products and it called on the government to intervene. The Independent Industrialists’ and Businessmen’s Association (MÜSİAD) has also issued a similar warning.
Honduran producers agree to price cut
23 November 2018Honduras: Cementos Argos and Cementos del Norte have agreed to cut the price of cement for government-backed reisdential and infrastructure projects following a request by President Juan Orlando Hernández, according to the El Heraldo newspaper. The price will fall by around 15% when the agreements between the cement producers and the government is finalised.
Gas supplier ordered not to raise price for Lucky Cement
19 November 2018Pakistan: The Peshawar High Court has temporarily ordered Sui Northern Gas Pipelines (SNGP) not to charge Lucky Cement a higher price for gas. The cement producer took legal action against the supplier, the Oil and Gas Regulatory Authority (OGRA) and the Ministry of Energy following a price increase of 142% in October 2018, according to the Dawn newspaper. The court has asked OGRA to respond to questions about the price rise. Lawyers on behalf of the Lucky Cement argue that the increase in the cost of gas was taken without following the normal legal requirements.
Honduran president asks for cement discount for government projects
07 November 2018Honduras: President Juan Orlando Hernández has asked local cement producers to offer cement at a discount for use in government projects. The government and the two main producers have formed a commission to determine how to implement the request, according to La Tribuna newspaper. However, Juan Carlos Sikaffy, the head of the Honduran Council of Private Enterprise (COHEP), descirbed the issue as ‘delicate’ given the taxes the cement companies pay and the jobs they create.
Government fixes price of cement in Senegal
19 October 2018Senegal: The Ministry of Commerce has fixed a maximum price of cement to protect consumers. The ministry said it had made the decision following exports of a rise of the price of cement in early October 2018, according to the L'Agence de Presse Sénégalaise. The minister said that he invited all cement plant in the country to comply with the new regulations.