Cement News tagged under: Trading

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Pakistan price increase

07 March 2005, Published under Cement News

Cement companies have increased their per bag prices by Rs5 following increase in transportation charges by Rs2 per bag to Rs3 per bag due to recent surge in diesel prices, sources in the industry say. Two leading cement companies of southern region, Falcon Cement and Pakland Cement, have revised their prices upward, and other companies are expected to follow with similar price raise within next few days. The cement cartel came under pressure on Tuesday, when marketing committee of Pakist...

Do not inflate cement price

07 March 2005, Published under Cement News

Ghana Cement Company (GHACEM) has warned retailers not to inflate the price of the product, as there is currently no justification for an increase. In an interview with the Ghana News Agency Business Desk, Ms Abena Konadu Agyeman, Communications Manager of GHACEM said cement within the Accra-Tema Metropolis should sell at 53,000 cedis. She gave the ex-factory price as 47,657.54 cedis. She said GHACEM recently experienced some distribution hiccups, which resulted in the shortage of the pro...

Somani bags US$7.4m export order to Iran

03 March 2005, Published under Cement News

Somani Cement Company Ltd said it had bagged an export order to Iraq worth Rs332m (US$7.4m).  The order is for a leading company based in Iraq and it would be executed within fiscal 2005-06, the company said. The company added it also planned to set up a new cement plant at Mahuva in Gujarat with a capacity of 2500tpd. The plant would involve an investment of Rs20 crore, it added.  In view of satisfactory business developments, the company is confident of improving the results shown so fa...

Japan Cement Exports Down

01 March 2005, Published under Cement News

Japan cement exports totalled 627,000t in January 2005, down 18.5 per cent year-on-year, the Japan Cement Association (JCA) said on March 1, 2005.  The figure marked a year-on-year decrease for the second consecutive month. Japan’s overall cement exports were influenced negatively mainly by the decrease in exports to China. Japan exported a total of 46,000t of cement to China in January 2005, down 78.8 per cent year-on-year.  On the other hand cement exports to South Korea marked a 2.1-fold y...

Cement prices in Maharashtra to rise

01 March 2005, Published under Cement News

Cement prices in India’s western state of Maharashtra, the country’s biggest construction market, is set rise by 1.7 per cent from Tuesday, on the back of strong demand from home builders, a trade official told Reuters."The demand is strong and the market should be able to absorb the price hike," the official, who declined to be identified, said. He said the retail trade prices for a 50kg bag will go up to about 183 rupees per bag, after the increase. 

Ramco sets up cement unit in Bhopal

28 February 2005, Published under Cement News

The Indian Ramco group has set up a facility to manufacture fibre cement sheets at Kharagpur in West Bengal. The facility has the capacity to produce 80,000t of fibre cement sheets and 200,000t of cement. The group has interests in textiles, cement, building products and software. Ramco is planning to set up another cement grinding facility with a capacity of 1Mt in West Bengal at a cost of Rs50-60 crore. The group is also setting up two fibre cement sheets plants with capacity of 80,000 tonn...

Vietnam Cement Corp vows no price increases in ’05

24 February 2005, Published under Cement News

The Vietnam Cement Corporation will not increase cement prices this year in an effort to maintain market stability for the building material, said general director Nguyen Van Hanh. He said that the decision follows a recent directive by the Prime Minister calling upon industries to refrain from raising prices on major domestic commodities including cement. The corporation, the country’s largest cement producer, has asked its affiliated companies to further their cost-cutting in order to ensu...

Cement industry grows despite falling indices

24 February 2005, Published under Cement News

A senior Iranian economic official said that a major portion of the $5bn worth of funds the government allocated for private enterprises in the year to March 2005 has been invested in cement industry. Mohsen Safaei-Farahani, deputy Minister of Economic Affairs and Finance,  told Fars News Aagency that the cement industry has improved greatly over  the past one and a half years due to state financial support. He said the fall in indices of cement companies has come in the wake of the  governm...

Bajil factory produces 360,000t in 2004

18 February 2005, Published under Cement News

The Bajil Cement Factory, Yemen produced 360,000t of cement last year, an increase of 110,000t over 2003.   "It is first time the factory achieved such an increase since 1973," said factory general director Abdul-Karim Harab. He added that the factory is about to finalize measures to set up a third production line to raise its annual production capacity to 400,000tpa.  Last week, the Amran Cement Factory announced that its production of cement reached 611,715t, 111,000t higher than budgeted. ...

Cement users to resist hike in prices

17 February 2005, Published under Cement News

The Irish concrete industry is expected to fiercely resist an unwanted hike in the cement price which comes at a time when its own selling prices are under pressure. Three of the island’s four cement producers - Irish Cement, Quinn Group and Lafarge - are understood to have notified their intention to raise prices by around seven per cent.   In letters sent to concrete producers and other downstream companies that use cement, the producers have cited rising raw material costs as the reas...