Cement News tagged under: Trading
Cement Company contract denied01 March 2004, Published under Cement NewsNairobi: 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 High Court judge Leonard Njagi the contract in dispute had been signed by acting managing director E.C. Birya without the knowledge of the company and its board. The court heard that the former MD had breached his duties and that, according to the present MD, Ms Mary Wairimu Ngari, the agreemen... |
IFCD buys cement from black market01 March 2004, Published under Cement NewsSidetracking 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 a private firm shelling out Rs62 extra per bag. According to a source, normally the IFCD meets its requirement for cement by purchasing from the Cement Corporation of India at the rate of Rs195 per bag including sales tax but the flood control division No 2 of the department has recently purchas... |
Cement Distributors dissatisfied27 February 2004, Published under Cement NewsMembers 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 three month. They said that since December 2003 the factory price of a bag of cement had been increased thrice from 37,350 cedis to 42,750 cedis as at February 24 2004. Mr. Kofi Afari Appiah, Chairman of the association flanked by other executive members said these increases were often made without ... |
Minister is named in Sh1.3b cement scam27 February 2004, Published under Cement NewsKenya: 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 minister was said by an MPs’ finance watchdog to have been at the centre of the shady deals in which East African Portland Cement, which falls under his docket, lost the money between 1999 and 2003. As a result of the rip-off, the Government also lost Sh300 million over the same period in Valu... |
Algerian import costs27 February 2004, Published under Cement NewsCement imports into Algeria cost a reported US6.7m according to Algerian customs data. For the whole of 2003 cement imports cost US$156.85m. This increase is explained by the strong demand for cement notably after the earthquake of May 21st, 2003, and the ensuing major housing and infrastructural damage. |
Ukraine cement production25 February 2004, Published under Cement NewsIn 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 2002, to 512,000t For the whole of 2003 cement production rose by 24.7 per cent to 8,916,000t compared to the year 2002. More than 15 enterprises produce cement in Ukraine, and their total annual capacity is reported at more than 20Mt. |
High coal prices hurting20 February 2004, Published under Cement NewsThe 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 shipping freight and shortage of coal due to China stopping exports in view of high domestic demand. South Korea and Japan, which were procuring coal from China, are now procuring from Australia and Indonesia, thus triggering a shortage. A quick calculation reveals a Rs10 per bag hit for some Ind... |
Cartel hit for cement price increases19 February 2004, Published under Cement NewsPhilippines: 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 over the past few months. According to officials, they have noticed a series of increases in cement prices over a short period of time and are surprised why the DTI is not stepping in to ensure that cement would remain affordable in the market. Only last December, Nograles, the House Committee on H... |
Egyptian cement exports12 February 2004, Published under Cement NewsEgyptian cement exports came in at 7.6Mt in 2003. Egyptian Cement Company exported the highest tonnages at 2.3Mt of cement and clinker (of which clinker was about 600,000t) which together was equivalent to 30.6 per cent of Egypt¹s total cement exports. Torah Cement reportedly was positioned the second largest exporter, selling 891,000t of cement overseas last year. |
Bamburi Eyeing Great Lakes11 February 2004, Published under Cement NewsBamburi Cement Limited is now eyeing the lucrative Great Lakes region. The company chairman, Richard Kemoli, said in Mombasa that the firm was exploring the possibilities of expanding its market to Rwanda and Democratic Republic of Congo (DRC). "We are aiming at broadening the market reach for our products that are internationally backed by the largest cement producing company - Lafarge," he said. Bamburi will this year be marking its 50th anniversary of operations in the country. Speak... |