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News Prices

Displaying items by tag: Prices

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BUA and Dangote to freeze cement prices for government-backed projects

19 May 2025

Nigeria: BUA CEO Abdul Samad Rabiu said that the company has agreed with Dangote Group to freeze the price of cement for retailers involved in President Bola Tinubu’s Renewed Hope Agenda projects.

“We have decided that we are going to freeze the price of cement for any contractor that is involved with the Renewed Hope project.” Rabiu said. He added “There will be no increase for the foreseeable future.”

The Premium Times newspaper reported that it was not able to obtain a confirmation from Dangote Group about the price freeze.

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Kyrgyzstan lifts cement import ban

12 May 2025

Kyrgyzstan: The Cabinet of Ministers has lifted the temporary ban on cement imports to meet growing construction demand and ‘ensure uninterrupted site operations’, according to Central Asia News.

The Cabinet said “Cancellation of a temporary ban on import of cement will support market competition, prevent shortage and stabilise prices for construction materials.”

The ban was originally put in place for six months in early April 2025.

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APCMA challenges price-fixing fine

25 April 2025

Pakistan: The All Pakistan Cement Manufacturers Association (APCMA) has appealed to the Competition Appellate Tribunal to annul a US$22.6m penalty imposed by the Competition Commission of Pakistan (CCP) over alleged collusion and price fixing.

APCMA’s counsel argued that the sector operates competitively with price variation, and that the CCP failed to properly analyse the industry geography. He said a 2003 quota-sharing agreement had expired before the CCP ruling and challenged office raids as unfounded.

The tribunal has adjourned the case to 22 May 2025, when defence lawyers will present arguments. The CCP previously fined the APCMA and its member companies in 2009 after alleging market collusion.

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Ghana faces cement shortage amid clinker crisis

07 April 2025

Ghana: Cement dealers have raised concerns over a growing shortage of brands including SOL Cement, Empire Cement and Dzata Cement, according to Citi Newsroom. Dealers have cited a scarcity of clinker and rising port charges behind recent supply disruptions and price increases. One cement retailer, Augustine Aduful, said that they paid for cement but have been left out of pocket for two weeks. Ghacem, in particular, has reportedly been facing a shortage, with customers having to switch to alternatives like Diamond Cement.

Ghana Chamber of Construction Industry CEO Emmanuel Cherry said that Ghana cannot continue to rely solely on clinker in cement production and that the country should begin to look for viable alternatives.

Another retailer, Isaac Frimpong, said “The clinker shortage is being caused by overseas supply issues. Even the recent price hikes are tied to external factors. We hope that with government intervention, the situation will stabilise.”

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Trinidad to cut cement import duty to zero

07 April 2025

Trinidad & Tobago: The government will reduce the rate of duty on other hydraulic cement from 10% to 0%, following the fifth price rise by Trinidad Cement since 2021, including the most recent 7% increase in early 2025.

The nation’s cabinet suspended its cement quota and registration system in February 2024. Cement remains on the import negative list, requiring a licence and compliance with Caricom standards. The legal order for the duty cut will be published in the coming days.

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KPK government to raise cement royalty

26 March 2025

Pakistan: The Khyber Pakhtunkhwa (KPK) government will replace ore-based royalties on cement with a 6% royalty on the ex-factory price.

The proposed change will raise costs for producers and follows a similar royalty imposed by the Punjab government in August 2024. Analysts said that manufacturers would need to raise cement prices significantly to offset the impact of the increased royalty.

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Tamil Nadu government proposes limestone mining tax

13 March 2025

India: The Tamil Nadu government will impose a mineral-bearing land tax of US$1.82/t on limestone under the Tamil Nadu Mineral Bearing Land Tax Act 2024. This tax, payable in advance on mineral dispatch, is in addition to existing royalty charges. The announcement follows Karnataka’s recent decision to levy US$0.29/t on limestone mined.

The tax will raise production costs for cement producers in the region, particularly affecting Ramco Cements, which has 52% of its clinker capacity in Tamil Nadu, and Dalmia Bharat, which has 23%. Other Indian cement producers are less affected, with UltraTech Cement only holding 4% capacity in the area, and ACC 2%. This could mean that the cost increase is passed on to consumers, raising the price of cement.

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Chad faces cement shortage

05 March 2025

Chad: Chad has been experiencing a cement shortage for several weeks, according to Tchad Infos. This has reportedly led to a rise in prices.

The Minister of Trade and Industry said "This situation is due to difficulties in supplying raw materials essential to the production of cement, in particular clinker, which must be transported by rail. Since 17 February 2025, an incident on the Camrail railway line in Cameroon has delayed deliveries. The orders, unloaded at the port of Douala due to the absence of a seafront for our country, could not be transported on time."

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WCA president forecasts major changes in global cement industry

30 January 2025

Global: The World Cement Association (WCA) projects a 22% decline in global cement demand by 2050. Price increases are expected to continue in European and North American markets, while significant market restructuring is already underway to address overcapacity in China and Japan. Multinational companies are scaling back cement business and focusing instead on North America, while cement production in Europe continues to decline due to strict CO₂ regulations and capacity reductions.

India's cement production has surpassed 200Mt/yr, with domestic firms strengthening their position as multinationals exit the market. Chinese producers are expanding their presence, particularly in Africa and Southeast Asia.

WCA president Wei Rushan said “To remain both profitable and environmentally responsible, the cement industry must aim to reduce capacity by 50%, from 4.7Bnt/yr to 2.3Bnt/yr within the next decade. This requires focusing on modern, sustainable production units.”

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Nepal’s parliamentary committee to address cement price ‘cartel’

20 January 2025

Nepal: The Public Accounts Committee of the House of Representatives has received a complaint alleging that cement producers have created artificial shortages in order to raise prices, according to Republica newspaper. A meeting has been scheduled to discuss the complaint.

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