Cement News tagged under: Trading
Higher duty recommended on Southern Cross08 August 2006, Published under Cement NewsThe Intelligence Enforcement Group of the Philippinbe Bureau of Customs has recommended rejection of the valuation method used by Japanese firm Southern Cross Cement Corp. on shipments made last year that allegedly led to P24 million in forgone revenue, documents show. The Philippine Chamber of Commerce and Industry’s Industry Commodity Expert (PCCI-ICE) had complained that Southern Cross under-declared cargo and freight values on what authorities estimated at 46,000t of cement shipped from... |
Pakistan cement price01 August 2006, Published under Cement NewsAccepting the appeals of 18 cement factories, the Lahore High Court on Monday set aside a decision of the Monopoly Control Authority (MCA) to break the cartel and lower the price by Rs60 per bag. The court held that the MCA had no authority to control the prices of cement while it was mandated to act merely as a price regulator. |
Proposal for subsidy on clinker imports rejected, Pakistan31 July 2006, Published under Cement NewsThe Pakistan government is learned to have turned down a proposal of cement manufacturers to provide subsidy on import of clinker, at par with imported cement. Sources said that All Pakistan Cement Manufacturers Association (APCMA) had recently approached the government seek same subsidy on the import of clinker as on cement. Which they claim would further reduce cement prices in the market. But the government did not agree with the justification given in the proposal. The government is ... |
Imported Cuban cement – no price increase, Jamaica31 July 2006, Published under Cement NewsCement imported from Cuba will not attract the 15 per cent increase in price announced by the Caribbean Cement Company Limited a few weeks ago. The decision was taken at a meeting yesterday between Phillip Paulwell, the minister of industry, technology, energy and commerce, and the Caribbean Cement Company. "Under the new arrangement, cement imported from Cuba by the Government of Jamaica and distributed by the Caribbean Cement Company Limited will not be subject to the recently announced 1... |
Vietnam to end cement imports by 200925 July 2006, Published under Cement NewsVietnam will not have to import cement for domestic consumption by 2009, the Vietnam Cement Association said. Deputy Minister of Construction Tong Van Nga said that the national cement production output is expected to reach 50Mt annually by 2010. He also suggested that domestic cement producers devise strategies to transport cement from the north to the south to maintain a balanced market and to increase the competitiveness of their products when Vietnam joins the World Trade Organisati... |
Cement sales stable despite crisis25 July 2006, Published under Cement NewsDespite the problems which surfaced earlier this year at Caribbean Cement Company, sales figures have not been significantly affected. Minister of State in the Ministry of Industry and Commerce Kern Spencer says the sale of cement for the first half of 2006 was on par with figures for the corresponding period last year. Mr Spencer says cement sales between January and up to July 9 totalled 458,000t which was only two per cent less compared to last year when the figure stood at 469,000t. |
Vinacomin seeks to raise coal prices25 July 2006, Published under Cement NewsA proposal to increase the Vietnamese domestic coal price is being considered by the relevant State agencies and economic experts, said Pham Trung Hung of the Vietnam National Coal and Mineral Industries Group (Vinacomin). Athough information on Vinacomin’s proposed price increase has not been officially released, it has created worries for the sectors which rely on coal for production, including the cement, electrical, chemical industries. Vinacomin said that the cost of exploiting and pr... |
GCC foresees bigger exports24 July 2006, Published under Cement NewsMexico’s cement maker Grupo Cementos Chihuahua (GCC) estimates that, between April this year and March 2007, it would have exported 760,000t of cement, equal to a 15 per cent rise compared to the same period last year, said Manuel Milan, CEO of the company. Exports reach nearly 35 per cent of GCC’s total output in Mexico. The official explained that sales estimates for year-end stand between 6.6 and 6.9 billion pesos, including activities in Bolivia. |
Senate rejects cement probe24 July 2006, Published under Cement NewsThe Jamaican yesterday rejected a private member’s motion brought by the Opposition to appoint a Joint Select Committee of Parliament to examine the cement crisis. The rejection of the motion brought by Opposition Senator, Shirley Williams came after more than five hours of debate. The motion is one of several attempts made by the Opposition to have the Industry and Commerce Minister, Phillip Paulwell held accountable for the release of faulty cement on the market, which in February resulte... |
Iranian exports plunge21 July 2006, Published under Cement NewsAccording to “Tehran Times”, Iran exported some 121,000t of cement for a US$6.8m valuation in the first three months of the current Iranian year, down 10 per cent in value compared to the same period last year. |