Cement News tagged under: Trading
Shortage? What shortage10 April 2006, Published under Cement NewsA warning that Government’s approach to the Caricom Secretariat to have the common external tariff (CET) on cement and steel removed will only serve to hurt hundreds of thousands of shareholders-was issued by local Trinidad contractor Emile Elias. Elias explained that the TCL shareholders that he’s referring to are those "holding shares mainly through the shares held by NIB (National Insurance Board) and UTC (the Unit Trust Corporation)". Furthermore, Elias insisted that Cabinet has been m... |
India Cements plans price hike07 April 2006, Published under Cement NewsIndia Cements, one of the largest producers of cement in South India, is planning to raise prices once again. Industry sources say the company is looking at raising prices up to Rs 20 per bag in the next month. The hike may not be all at one go but in tranches. N. Srinivasan, MD of India Cements, told The Telegraph, "I will not comment specifically on this issue, but it’s true that prices are hardening and can go up further." The idea behind the price hike, industry sources say, is the fact... |
Jordan Cement under scrutiny07 April 2006, Published under Cement NewsGovernment inspection patrols have now been intensified with regard to cement, after the market suffered a shortage of this commodity in recent weeks. The authorities are now monitoring cement shipments leaving production plants of the Jordan Cement Factories Company (JCFC) on a daily basis and the prices they are sold at. The inspection teams have so far fined 66 cement dealers for withholding the commodity from the public. They also supplied the JCFC with their names in order to blacklist ... |
Venezuela to sign cement supply contract07 April 2006, Published under Cement NewsThe Venezuelan housing ministry plans to sign a supply contract with Mexican Cementos Mexicanos (Cemex), the head of the ministry, Luis Figueroa, said in a statement on April 5, 2006. The additional cement supply to Venezuela will allow it to better meet growing domestic demand and to stabilise prices. Venezuela is also studying the possibility to optimise its cement production, which currently supplies 40 per cent of the cement used in the country. According to Figueroa, the country has su... |
More cement produced in March06 April 2006, Published under Cement NewsWorking almost at their peak capacity, 20 Pakistan cement units of the country produced 1.724Mt of cement during March, which is 130,000t more than the February production. According to the production data for March, made available to Business Recorder here on Monday, out of 1.724Mt of cement, 1.546Mt was provided to the local market, while 0.177Mt was exported to Afghanistan and the Middle Eastern countries. The data shows that Lucky Cement Limited dispatched the largest quantity of 2... |
Pakistan halts cement exports06 April 2006, Published under Cement NewsPakistani cement makers have stopped exports amid strong domestic demand and rising local prices, industry officials and the government said on Wednesday. Pakistan has seen a sharp rise in cement demand in recent months as its booming economy fuels construction. This has resulted in supply shortages, and a sharp rise in domestic prices. According to data from the private All Pakistan Cement Manufactureres Association (APCMA), cement sales during March reached a record at 1.82Mt, of which 1... |
Castle Cement has plans for Scotland05 April 2006, Published under Cement NewsCastle Cement last week commenced hostilities against rival Cemex for business in Scotland, with plans to develop a new rail distribution centre in North Lanarkshire A Castle spokesman said: "Lafarge is the dominant company in Scotland with about half the market share, while Castle and Cemex jostle for second place. "Castle wants to get a bit closer to Lafarge." (reports Contract Journal). |
Gujarat Ambuja March cement shipments rise, India04 April 2006, Published under Cement NewsGujarat Ambuja Cements Ltd , India’s third-biggest cement maker, said on Monday its March shipments rose 13 percent from a year earlier to 1.33Mt. Production in the same period totalled 1.33Mt, up 12 per cent from 1.185Mt a year earlier, the company said in a statement. |
Moratorium on cement exports04 April 2006, Published under Cement NewsThe Pakistan cement industry and the government have reached an agreement to put a moratorium on cement exports for 25 days to contain its rising prices. This was announced here on Monday after a meeting of the federal Minister for Industries and Production, Jahangir Khan Tareen, with the All Pakistan Cement Manufacturers Association (APCMA) and the Association of Builders and Developers (ABAD). The meeting also decided to import cement to meet a “temporary gap” in demand and supply in the ... |
Cement prices harden, India04 April 2006, Published under Cement NewsCement prices have started hardening over the past two days. Several major cement companies have raised prices and intend to increase them again very soon. “Our prices have gone up by Rs 5 to Rs 7 per bag in the last two days,” N. Srinivasan, MD of India Cements Ltd told The Telegraph. “Demand in the South has gone up tremendously in the past few months. Most of the production is close to capacity. In the last few years, there has been a huge cost escalation for the cement companies and we h... |