Trading

20 August 2012

Pakistan loses Afghan cement market share to Iran

The declining trend of cement exports continues to worry Pakistani manufacturers as cement exports to Afghanistan have plummeted by 10 per cent annually, owing to availability of cheaper Iranian cement there. The industry said that the energy crisis and constant hike in petroleum pro...

11 May 2012

Chettinad plans to delist, India

The promoters of Chettinad Cement Corporation are making a voluntary offer to the company's public shareholders to delist the shares from stock exchanges. The stock is currently listed on the National Stock Exchan...

11 May 2012

Dangote plans London listing by 3Q13

Aliko Dangote said on Thursday he was aiming to list his US$11bn cement company on the London stock exchange by the third quarter of 2013. "If the market is good by next year, we will hit the market, sometime. Mayb...

11 May 2012

Concerns over price hikes, Trinidad & Tobago

The Trinidad and Tobago Manufacturers' Association has expressed concern of a 19-21 per cent rise in prices. The situation is affecting the TTMA's members and severely hampering the construction industry, Trinidad ...

03 May 2012

Guyana: consumers urged not to buy cement at inflated prices

Acting Commerce Minister Irfaan Ali is advising consumers not the pay the increase in what he has described as extremely inflated prices for cement in Guyana. According to the minister a price of GYD1395 (US$6.90)...

02 May 2012

India: cement closures called in Rayalaseema

The Rayalaseema Rashtra Samiti, an organisation based in Proddatur of Kadapa district, has given a closure call for all cement factories in the four Rayalaseema districts on 23 May if the price per bag is not reduced...

02 May 2012

India: cement prices have started to weaken

CLSA India says cement prices have started to drop across India, with dealers expecting more falls ahead, according to its India Reality Research survey. Cement prices have fallen by an average of 2% per bag since...

26 April 2012

Pakistan cement exports earn US$339m in 9MFY2011-12

During 9MFY2011-12 (July-March), Pakistan cement exporters saw recovery in cement exports in terms of value. In Pakistani currency, the export also rose by 6.06%. In addition, the average cement price improved. Th...

23 April 2012

Nigeria: cement manufacturers seek import ban

Nigerian cement manufacturers have called on the federal government to ban bulk cement imports before the government’s August deadline, claiming that the volume of cement currently produced in the country is enough t...

23 April 2012

Pakistan: cement import starts through ICP

The newly-opened Integrated Check Post (ICP) has received its first Pakistani cement imports from the road route, but traders continue to be unhappy over the high handling charges. Earlier, India was importing cement...

10 April 2012

Oman forecast to see increased exports

Oman is expected to witness increasing exports this year thanks to demand from markets like Yemen and East Africa, a new research report has forecast. Raysut Cement is expected to be a major beneficiary as exports ac...

20 March 2012

Ohorongo delivers cement shipment to south Angola

Namibian cement producer, Ohorongo Cement, has delivered its first consignment of bulk cement to south Angola, according to local press reports. A bulk tanker shipped the load to Santa Clara last Monday, The Nambi...

15 February 2012

Pakistan firms see profits in exports to Afghanistan

Pakistan’s cement exports are being geared up due to increase in Afghan export prices to US$50-55/t from the previous level of US$39-45/t.??According to informed sources, the improved export price has finally attract...

14 February 2012

Saudi Arabia stops cement exports

Saudi Arabia has stopped cement and clinker exports to prevent shortages and to stabilise domestic prices. The kingdom’s western region, which includes the Red Sea port city of Jeddah and the Islamic holy cities of ...

14 February 2012

Pakistan: FY12 cement sales helped by local dispatches

FY12 has been witnessing a drop in Pakistan’s export sales, whereas domestic cement dispatches have been rising. The latest numbers released by the All Pakistan Cement Manufacturers Association (APCMA) up until Janu...

09 January 2012

New Zealand: port lease approved for cement trade

New Zealand's foreign investment watchdog has approved a leasehold deal at Timaru’s port