Cement News tagged under: Trading
JLP blames monopoly for cement shortage16 November 2005, Published under Cement NewsSenator Shirley Williams, Jamaica Labour Party spokesperson on industry, commerce and investment, has raised questions about the current shortage of cement, suggesting that it was the result of a flawed policy of creating a monopoly supplier of the important construction material. The shortage, according to Caribbean Cement Company, is due to rains over the past several weeks. But for Williams, the shortage "brings into sharp focus the problems which the country continues to face from the go... |
Vietnam cement output up14 November 2005, Published under Cement NewsThe cement sector expects to produce 29 million tonnes this year, up 9.5-10 per cent against last year’s figure, according to the Vietnam Cement Corporation. In the first ten months of 2005, the sector produced and sold more than 23Mt, accounting for 78 per cent of this year’s targeted figure. Currently, there is quite a large reserve of cement and clinker, about 1.6Mt. Demand for cement is forecast to increase in the last two months of the year. Domestic cement prices are stable, at VND 720,... |
Akhangarancement exports cement14 November 2005, Published under Cement NewsAkhangarancement exported cement for US$2.41 million this year. The cement was delivered to Kazakhstan, Tajikistan and Afghanistan. Akhangarancement is located 65 km South East of Tashkent. It is the second largest cement plant in Uzbekistan both in terms of capacity and production level. Annual production capacity is 1,736,000 tonnes. It operates with four production lines, using wet process. The company produces 3000-3500 tonnes of cement per day, UzA reported. |
Cimpor invests in South Africa11 November 2005, Published under Cement NewsCimpor said that on November 9, 2005, the South African company Natal Portland Cement Company (Proprietary) Ltd., 100 per cent indirectly held by Cimpor, signed an agreement for the acquisition of the entire share capital of the quarry exploring company Sterkspruit Aggregates and the ready mix concrete facility Sterkspruit Readymix. Both companies are situated in Durban, eastern South Africa, on the Indian Ocean coast. The transaction will become effective in March 2006 when Natal Portland C... |
Devcon completes sale01 November 2005, Published under Cement NewsDevcon International Corp has announced that it and its wholly owned subsidiary, VI Cement & Building Products, Inc., completed the sale of its US Virgin Islands material operations to Heavy Materials, LLC, a US Virgin Islands limited liability company and private investor group pursuant to an Asset Purchase Agreement dated as of Aug. 15, for US$10.7m in cash plus the issuance of a promissory note to the Company in the aggregate principal amount of US$2.6m with respect to accounts receivable... |
Cement sales in Vietnam31 October 2005, Published under Cement NewsThe Vietnam Cement Association has reported a strong increase in cement sales through Jan-Oct., a trend expected to continue over the two last months of this year. Local cement producers sold more than 23.3Mt of cement in the period, equivalent to 78 per cent of the whole year’s target. The trend is predicted to continue in November and December as the dry season facilitates construction. The domestic price of cement has been stable, fetching VND720,000 (US$45) to VND760,000 per ton in the no... |
Colombian Cement, Clinker Exports28 October 2005, Published under Cement NewsColombian exports of cement and clinker stood at US$83m in the third quarter of 2005, up 13 per cent year-on-year, it was reported on October 26, 2005. Cement and clinker exports totalled 1.8Mt between July and September 2005. The combined operating revenue of Colombian cement producers stood at 675 bln Colombian pesos (US$294.76m) for the first nine months of 2005. Cementos del Caribe is the largest Colombian cement maker at present. |
Italcementi jv buys 2nd cement carrier27 October 2005, Published under Cement NewsItalcementi SpA said it bought MV White Shark, a cement carrier with a net transport capacity of 29,000dwt. The new ship was acquired through Medcem, Italcementi’s 50:50 joint venture with logistics partner Gruppo Romeo, for an overall investment of about US$23m, it said in a statement. The cement maker first entered in the shipping business in April when Medcem launched MV Turbocem, a 5500dwt carrier in which it invested Euro 6.5m. Turbocem operates in the Mediterranean and White Shark in... |
Fair but not free trade27 October 2005, Published under Cement NewsIn a recent letter to the Executive Director, Bureau of Customs, Manila, Philippines, Dr Rene Ofreno of the Fair Trade Alliance, Manila, commends the endorsement of the Customs Intelligence and Investigation Service (CIIS) under your leadership (Alexander M Arevalo to file criminal charges against an importer, Southern Cross Cement Corporation (SCCC). The CIIS recommendation for the filing of criminal charges ranging from illegal release of importation, falsification of public documents and ... |
Cement is only a local (short) story25 October 2005, Published under Cement NewsWhile the effects of recent hurricanes are clearly posing questions over cement supply availability producers further north say there is not much they can do to help. ’’Katrina didn’t have much, if any, effect on the supply of cement in the Northeast,’’ said Steve Hayden, plant manager of Keystone Cement in East Allen Township. ’’The supply here in the Lehigh Valley continues to run short.’’ Construction in the Gulf Coast will produce a big demand for cement — 4Mt over five years, accord... |