Trading
Price rise reasons
Indian ement prices have been rising mainly because of the demand-supply mismatch. February demand has gone up by 10 per cent, compared to about 5.5 per cent in all other months. With the government s
Nigerian price debate
The high cost of production, falling local naira currency, poor production facilities in many cases and now the recent rise in freight charges have been blamed as reasons for the escalating prices of
DTI puts pressure on local cement producers
Seriously doubting the ability of local cement players to reduce prices, the Department of Trade and Industry (DTI) has decided to finally impose the P5 reduction of the P20.60 safeguard tariff on per
Levy on Turkish cement approved
The Israeli Knesset Finance Committee today approved an order by Minister of Industry Trade and Labor Ehud Olmert to impose a levy of US$5.83 per ton on the dumping prices of imported Turkish cement.
Import duty cut on coal
The Indian government’s move to slash import duty on coal to arrest spiralling steel prices has an unintended beneficiary: the cement industry. Larsen & Toubro and Gujarat Ambuja Cements, two of
Saudi exports down demand up
According to Al-Riyadh newspaper (March 1, 2004), official statistics revealed that the total cement exports of the Kingdom of Saudi Arabia decreased to 1.8Mt in 2003, down from 2.8Mt in the previous
Mumbai cement prices
Retail cement prices in Mumbai may rise by Rs 5 per 50 kg bag, while the prices in Gujarat are likely to jump up by Rs 10 per a 50 kg bag. While prices in Mumbai will stand at Rs 173-175 after the in
IFCD buys cement from black market
Sidetracking the practice of procuring its required quantity of cement from the Cement Corporation of India, the state irrigation and flood control department, IFCD has purchased 5000 cement bags from
Cement Company contract denied
Nairobi: A parastatal boss has denied responsibility for a multibillion-shilling contract signed with a cement dealer last year. Lawyer Desterio Oyatsi, for East Africa Portland Cement, yesterday told
Belarusian cement to Finland
The state-run Belarusian cement plant, Mogilev oblast, has supplied the first 500-ton consignment of the cement of the highest standard ³550² to Finland. Specialists of a Finnish company visited the p
Algerian import costs
Cement imports into Algeria cost a reported US6.7m according to Algerian customs data. For the whole of 2003 cement imports cost US$156.85m.
Minister is named in Sh1.3b cement scam
Kenya: Cabinet minister Mukhisa Kituyi was yesterday implicated in a scandal which cost a parastatal Sh1.3 billion (approx US$16.8m) in illegal discounts and transport rebates. The Trade and Industry
Cement Distributors dissatisfied
Members of the Western Regional Branch of the Ghana Cement Distributors Association have expressed their concern at the frequent increases in the factory price of cement by GHACEM within the past thre
Ukraine cement production
In January 2004, monthly cement production fell by 28.9 per cent or 148,000t to 364,000t compared with December 2003. In December 2003, cement production rose by 77.7 per cent compared with December
High coal prices hurting
The high landed cost of coal into India is hurting the cement companies dearly. From US$35 per tonne early last year, the cost of imported coal has jumped to US$55 per tonne on account of increase in
Cartel hit for cement price increases
Philippines: the Department of Trade and Industry has been asked to re-evaluate its policies on the cement industry especially now that cement has undergone a series of unreasonable price increase ove