Trading
Pakistan cement prices rise
Cement prices in the southern part of Pakistan have increased by PKR10 per 50kg bag. An industry official revealed that the latest price hike has taken average cement prices to PKR340 per bag
India calls for reduced VAT on cement
The cement industry last week submitted its pre-budget memorandum 2011-12 to the finance ministry, where it requested the government to bring the value-added tax (VAT) on cement on a par with
Jamaica: imported cement could be capped at 20%
Importers of cement to Jamaica could be hit with a 15-20 per cent quota on imports this year if the Ministry of Commerce decides there is an imminent threat to the local cement industry.
Ethiopia to import 150,000t of cement
According to the Head of Ethiopian Roads Authority (ERA), Ziad Wolde Gabriel, the first ship carrying cement has arrived at Djibouti Port
Freight hike seen denting margins 1-2%
The 4% hike in freight charges for cement, proposed by the Indian Railways, is expected to result in a 1-2% hit in the operating margins of cement makers. The blow comes just as the industry has had t
UAE price falls reported
Prices of basic building materials in the UAE domestic market declined significantly in November, according to Statistics Centre Abu Dhabi. Prices of cement, construction steel and wood declined, whil
India: expect Ambuja Cements to test INR115-113
Edelweiss Research is of the view that momentum and trend oscillators of Ambuja Cements are indicating a decline in coming weeks.
Blockades on the line
Some regional Indian cement manufacturers are expressing concern as the agitating local Gujjars continue to block major railway lines in Rajasthan. The blockade on Jaipur-Delhi, Delhi-Mumbai and J
Cement imports from Pakistan fall
Cement imports from Pakistan into India are on a decline, thanks to the non-renewal of their quality licence by the Bureau of India Standards (BIS). In the July-November period this year, Pakistan’s c
Philippine rulers pushed to cut cement tariffs
The Philippine Trade Department is again trying to get the Presidential Palace to eliminate tariffs on imported wheat and cement while Congress is in recess in a bid to lower product prices, a ranking
Meanwhile, Bangladesh eyes cement imports from Vietnam
Mohammed Amirul Haque, director of Premier Cement Co, has said that since there was a construction boom in Bangladesh, the demand for cement and clinker was high, but domestic production met only 15
Lafarge extends transport contract with Europorte
Lafarge has renewed for three years its transport contract with Europorte, a unit of Channel Tunnel operator
Lafarge eyes supplying Mozambique market
Lafarge Zimbabwe has set its sights on increasing exports to the Mozambican market and has already
Pakistan: export price for Afghanistan ‘unrealistic’
Cement exports to Afghanistan are grossly under-valued due to intense competition, according to Pakistan industry sources.
Cemex wins antidumping battle, Peru
On November 18, Peru’s National Institute for the Defense of Competition and Intellectual Property Protection (INDECOPI) issued an order
Pakistan: cement sector profits to firm going ahead
Cement sector profits are expected to