Cement News tagged under: Trading
Vietnam cement prices go up21 March 2006, Published under Cement NewsBecause of the increasing costs of imported materials, the cement sector must raise retail prices in the domestic market to prevent further losses, according to the Vietnam National Cement Corporation. Since the beginning of the month, Ha Tien 1 and Ha Tien 2 cement companies, who fall under the corporation, have been permitted to increase cement prices after keeping their price tags stable for 10 years, the corporation said. Import prices of electricity, petrol, oil and transportation costs... |
Construction industry in crisis16 March 2006, Published under Cement NewsThe local Jamaican construction industry is reportedly in crisis as activities have come to a virtual standstill in the wake of fresh concerns about the quality of products supplied by Caribbean Cement Company from its Rockfort plant. Work on several projects have been halted as investigations are carried out to determine whether cement supplies meet required standards. Several buildings which have been constructed with sub-standard cement are being demolished. The company is currently recal... |
Andhra Chief Minister may meet cement firms15 March 2006, Published under Cement NewsWith Indian cement prices showing no signs of coming down in the immediate future, bulk consumers in the state, including irrigation contractors, builders and departments like housing, have pressed the panic button. Now the government is under pressure to step in to ensure price stability. While state government officials have already been asked to look into the complaints of non-availability of cement in several parts of the state and the alleged cartelisation by manufacturers, chief mini... |
BCC expects cement shipment today15 March 2006, Published under Cement NewsA five week supply of cement will arrive in Dockyard today to help ease the drought – with another batch set to arrive on Saturday. It comes a week after the Bermuda Cement Company’s (BCC) silos ran empty due to exceptionally high demand before a price increase took effect and also an error in a supply order. To get things moving again the company’s staff will work around-the-clock assisting with the discharge of cement. But part of the problem, according to BCC president Jim Butterfield, i... |
EAPC boss denies corruption14 March 2006, Published under Cement NewsThe East African Portland Cement Company managing director, Zakayo ole Mapelu, has defended himself against allegations of corruption. Mapelu said he called the Kenya Anti-Corruption Commission on Monday morning after reading about the corruption allegations in the media. The investigators are expected to look into claims of massive meddling in tendering and non-competitive recruitment of senior staff. A minister is said to have pressed for and benefited from some of the deals that have... |
Cement prices touches all time high14 March 2006, Published under Cement NewsThe consolidation in the Indian industry has begun to pay off for cement makers. Cement prices across the country have touched historic highs and are expected to rise further. In North India, for instance, for the first time ever, prices have crossed Rs 200 per bag against Rs 140-Rs 150 a year ago. Cement makers blame it on the rise in input prices (coal, fuel and freight charges). But the fact is that two groups (Aditya Birla Group and ACC/Holcim) now own a sizeable slice of the country’s c... |
Rising cement squeezes Nurse14 March 2006, Published under Cement NewsThe rise in Guyanian cement prices is stalling low-income builders who can no longer afford the product. Fidelity Investment Inc (FII) which imports large quantities of Venezuelan cement is now retailing the product for G$2000 a sack, after charging G$1600 a sack up to last Wednesday. The president of FII had indicated on Tuesday that Guyanese should get accustomed to buying cement at G$2000 a sack. Housewife Aleon Nurse of Dennis Street, Sophia told Stabroek News that her husband began bui... |
Manila: cost of building materials up13 March 2006, Published under Cement NewsWholesale prices of construction materials in Metro Manila went up by 0.9 per cent in January 2006 from their December levels, mainly because of higher inflation for cement and lumber. In its Construction Materials Wholesale Price Index report, the National Statistics Office (NSO) said the increase in prices in January was a turnaround from a 0.2 percent drop recorded in December 2005. Cement prices rose 6.3 per cent month-on-month in January; lumber, 4.5 per cent and concrete products, 2.5... |
Sellers cheat customers; 11 imprisoned13 March 2006, Published under Cement NewsAuthorities in Harad, Yemen, arrested 11 cement importers and closed their shops. Khaled Baruuq, vice deputy of Harad, told News Yemen that the prosecutor’s office moved quickly to imprison the businessmen and close down their business after repeated reports that they were cheating customers by not filling the cement bags to capacity. Baruuq said the first investigations revealed that the men were importing cement from Saudi Arabia, and that the actual weight of the bags didn’t match the pu... |
Duty-free import of cement urged13 March 2006, Published under Cement NewsPresident of the Islamabad Chamber of Commerce and Industry (ICCI) Abdul Rauf has asked the government to allow duty free import of cement as the cement factory owners have increased the rates. In a press release issued on Thursday Mr Rauf criticized that that Monopoly Control Authority was silent on the present increase in cement rates and is not taking action on the unjustified raise. He said that if Government fails to control the cement prices, then duty free import of cement from neighb... |