Cement News tagged under: Trading

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Egyptian National Cement

04 May 2004, Published under Cement News

National Cement’s clinker output rose 2.74 per cent year-on-year to 2,148,184t, while cement production grew 8.5 per cent to 2,101,771t. Cement sales reached 2,079,997t, up 9.7 per cent year-on-year. The company exported 531,316t of cement for US$13.3m and 190,639t of clinker for US$3.7m. All figures are for the first nine months of 2003/04, compared to the same period of 2002/03.

Consumers complain over price hikes

04 May 2004, Published under Cement News

Monrovia, Liberia: Following reports of hike in the price of cement, some consumers have blamed dealers in Monrovia and its environs for allegedly creating artificial scarcity of the product.  Over the weekend, some consumers alleged that dealers were buying large quantity of cement to create artificial scarcity and price hike. Consumers alleged that cement dealers at Duala, Gardnesville, Paynesville and other locations were selling a 50kg bag of cement at US$7.00.  The Ministry of Commerce h...

Cement to Sri Lanka

04 May 2004, Published under Cement News

More than 3000 tonnes of cement is now being loaded in two ships at the Nagapattinam port, India for export to Sri Lanka. Official sources told The Hindu that about 2050 tonnes of cement was exported from the port to Sri Lanka in Feburary this year after a gap of nearly 15 years.  This is the second shipment from the port to the island nation. The two cargo ships would leave in a few days for Colombo.

Concrete shortage in southern Florida

04 May 2004, Published under Cement News

Miami: With news of the local Tammac ready-mix plant burning down a couple weeks ago and another plant in central northern Florida out of action and Rinker the leading domestic supplier in South Florida reportedly shutting down their plant May 10th for overdue programed maintenance, ready-mix concrete supply is said to be extremely tight with shortfalls of over 50,000 cu.m a day now prevalent. Such shortages may continue until late summer, with supplies affected by both a lack of ready-mi...

Competitive Egyptian cement eyes exports boom

23 April 2004, Published under Cement News

Egypt’s cement sector is set to boom this year with many companies taking advantage of cheap production costs and increased demand to boost exports.  Analysts said cheap labour costs, a regional cement shortage as well as improved adherence to environmental regulations meant international markets were opening to Egyptian companies as demand faltered in a large local market. Egypt’s largest cement exporter, Egyptian Cement Company (ECC), a subsidiary of Orascom Construction Industries (OC...

Pakistan Board of Investment mulls ban on cement exports

20 April 2004, Published under Cement News

Pakistan’s Board of Investment (BOI) is weighing the prospects of preparing a summary aimed at banning the export of cement so that local availability can be ensured. Irfan Amanullah, Company Secretary, Attock Cement Pakistan, while disclosing this, said that this step could be taken if cement exports to Afghanistan continue to negatively affect the domestic price line of cement.  Presenting an overview of Pakistan’s cement industry at a training seminar organised by ACE Securities (Pvt)...

FWS Construction continues North American expansion

14 April 2004, Published under Cement News

FWS Construction Ltd., a leading Western Canadian construction company, is pleased to announce it has recently been awarded a contract  to build a cement distribution terminal for Lafarge in Washington State, USA. The Company’s project for Lafarge involves the design and construction of 6500t distribution cement terminal in Spokane, Washington. This is FWS’s first project in the State of Washington.

Thai exports to be phased out

13 April 2004, Published under Cement News

Eight local cement producers have agreed to gradually cut their exports to zero within the next five years after Prime Minister Thaksin Shinawatra expressed concern over the industry’s impact on the environment. Limited impact is viewed on cement producers as cement exports contributed less profit to them. In addition, cement exports have been decreasing from 20Mt in 1998 to 12Mt last year due to rising domestic demand. Exports this year would be cut to 10Mt, from 12Mt last year.  Most of th...

Jebsen buys older bulker

09 April 2004, Published under Cement News

The Kristian Gerhard Jebsen group of Norway has emerged as buyer of the 65,000-dwt bulker Sun P (built 1981).  The Namura-built ship was reported sold for $12m to an undisclosed Norwegian buyer. Brokers have been puzzled by the reports as few Norwegians would likely be interested in a 23-year-old panamax.  Informed sources say Jebsen bought the ship some time ago and that the price could be as low as $10m. It is considered likely that the investment is an asset play. Jebsen managing director...

Morocco and Turkey sign free trade deal

09 April 2004, Published under Cement News

Morocco and Turkey have agreed to abolish trade barriers part of an EU-drive aiming to set up a Mediterranean free trade area, Communication Minister Nabil Benabdellah said on Thursday.  Benabdellah told reporters after a cabinet meeting that the deal was signed during a visit to Ankara by Prime Minister Driss Jettou on Wednesday.  "This deal with a Muslim country...which has a developed industry will open a window of opportunities in investment and job creation in Morocco," the government s...