Cement News tagged under: Trading
Italcementi plans to raise capacity, exports of Bulgarian plant13 October 2006, Published under Cement NewsItalcementi plans to raise its exports from Bulgaria, which will join the European Union next year, on the back of increased capacities, a senior official of the company said on Thursday. Italcementi, which owns the Devnya cement plant near Bulgaria’s Black Sea city of Varna and Vulkan in southern Bulgaria, will invest some € 180m euro (US$225.7m) to reconstruct the Devnya plant and raise its annual capacity by 50 per cent to 3Mt within three years. "[Devnya exports will rise] in be... |
Sunken vessel blocks Bangladesh port channel12 October 2006, Published under Cement NewsAt least 30 foreign and local merchant ships have been stranded at Bangladesh’s main Chittagong port after a sunken vessel had jammed the port channel, officials said on Thursday. "Ship movement was suspended early today when a local lighter ship sank in the port channel," a traffic official of the Chittagong Port authority said. The port channel connects port berths with the outer anchorage in the Bay of Bengal. The small vessel MV Shah Bodor-1 was carrying cement and was believed to hav... |
ECC rejects cement import ban proposal12 October 2006, Published under Cement NewsThe Pakistan Economic Co-ordination Committee (ECC) of the Cabinet has rejected a proposal regarding ban on import of cement, saying that the decisions taken earlier in this regard would remain intact, official sources told Business Recorder here on Wednesday. Sources said the Ministry of Industries and Production had suggested to the ECC that the previous decisions taken to stabilise cement prices through withdrawal of freight subsidy of Rs 60 per bag and restoration of rebate on cement e... |
Belarus to introduce export standards12 October 2006, Published under Cement NewsBelarus plans to introduce 40 European export standards for construction materials in 2007-2008, the director of the Belarusian State Standardization and Certification Institute, Nikolai Kusakin, told a press conference Wednesday. According to him, the share of certified construction materials in industrial output will increase to 83% in 2010 from 67.5% in 2005. “Belarusian companies that produce building materials have initiated introduction of 62 European standards on cement, porous agg... |
Cement policy implementation takes effect next December11 October 2006, Published under Cement NewsThe implementation of the policy on 100 per cent local production of cement in Nigeria will now take effect from December 2007, the Minister for Industry, Fidelis Tapgun, has said. Tapgun told reporters in an interview at the weekend in Abuja that by the end of next year, Nigeria would be self-sufficient in the local production of cement such that there would be no more importation of the commodity. He said the shift in the date from January 1, 2006 to December 2007, was necessitated... |
ECC to restore exemptions on Central Excise Duty11 October 2006, Published under Cement NewsThe Economic Coordination Committee (ECC) of the Cabinet on the recommendation of the Ministry of Industries, Production & Special Initiatives decided to restore Pakistan’s exemptions on Central Excise Duty, sales tax and Duty Draw -Back on Export of export of cement during its meeting held on 27-09-2006. The MOIP&SI had based its recommendation on the substantial increase in the production capacity of cement Plants in last 6-8 months. The capacity has increased from 21.12 to 28.4Mta. While... |
Rain show reinforces Indian cement stocks10 October 2006, Published under Cement NewsFollowing the surge in the markets, there are apprehensions if the rally was sustainable due to pricey valuations. However, cement sector seems to be exempted from the uneasiness around on the back of robust demand coupled with limited supply, says The Economic Times. On a month-on-month basis, cement shares have fared better than the 30-share Sensex, rising between 6-16 per cent compared with a four per cent rise in the index, on expectations companies will report signficant earnings g... |
Cement policy takes effect December 200709 October 2006, Published under Cement NewsTapgun said this in an interview at the weekend in Abuja that by the end of next year, Nigeria would be self-sufficient in the local production of cement such that there would be no more importation of the commodity. He said the shift in the date from Jan. 1, 2006 to December 2007, was necessitated by the fact that many of the cementcompanies in the country had embarked on expansion programmes in their factories to increase their production capacities. “At the moment, cement fac... |
Cement prices declining in Iran09 October 2006, Published under Cement NewsWith the approach of winter and the much-anticipated decline in demand for cement, the key construction material is expected to see a further 200,000-rial per tonne fall in price. Mohammad Hassan Pour-Khalil, secretary of Association of Cement Industry Employers, told ISNA that the price of type-2 cement, which has the highest consumption, has already come down to 720,000 rials per ton compared to last year’s prices, which had gone up to 950,000-1,000,000 rials per tonne. He said the... |
Sri Lanka protects local cement industry from tariff cut on Indian imports03 October 2006, Published under Cement NewsSri Lanka recently slashed tariffs on Indian imports under a bilateral trade deal, but said Monday it would exclude top import good cement for at least the next two years, to protect local industry. Sri Lanka was required to cut tariffs on Indian imports by up to 70 percent on the customs duty rate this year, and accordingly slashed tariffs in mid September. Sri Lanka’s finance ministry said however, that it had exempted bulk cement imports from the duty cut, to protect the local cement ma... |