Cement News tagged under: Trading

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Turkish Mardin Cimento to focus on exports to Iraq

30 December 2004, Published under Cement News

Turkish cement, clinker and ready-mixed concrete producer Mardin Cimento, plans to withdraw from the Syrian market and concentrate on exports to Iraq in 2005 in a bid to increase profitability, it was reported on December 29, 2004. Currently, the company directs 80 per cent of its exports to Iraq and the remainder to Syria. Mardin Cimento sold over 400,000t of products for January to September 2004 abroad and its exports account for 46 per cent of its total sales. The company, which is part ...

China Exports 4.86Mt of cement

28 December 2004, Published under Cement News

China exported 4.86Mt of cement in the period January to October 2004, up 14.7 per cent year-on-year. The exports generated $164m in revenue, up 20.6 per cent year-on-year. Exports of clinker totalled 675,000t for the 10-month period, up 151.5 per cent year-on-year. The value of the exported clinker was $19m, up 11.4 per cent. The year-on-year increase in Chinese cement exports in January to October 2004 is the first annual increase registered since 1996. Exports in 2004 were boosted by...

Inventories at low levels

27 December 2004, Published under Cement News

For the first time in four years, November-end inventories in the Indian cement industry (cement plus clinker) have fallen below the 6Mt level, according to a research by Motilal Oswal. At 5.93Mt, the inventories take care of just 17 days consumption compared with 7.05Mt in November last year. This is significant because the March and June quarters are the two best periods for the industry. If inventories are down before a period of high consumption, it could result in a shortage in some...

North India likely to face cement scarcity in 2005 North India likely to face cement scarcity in 2005

23 December 2004, Published under Cement News

After a situation of oversupply, the gap between demand and supply of cement is closing in. Northern India is particularly likely to witness some shortage in the coming months. Gujarat Ambuja Cement (GACL) whole-time director AL Kapur said to reporters from the Financial Express: "Over the next 3-4 months from now, some clusters in northern India may face cement scarcity. There is a long-awaited surge in cement demand in India and only a part of it can be called cyclical." Mr Kapur added tha...

Colombia $110 Mln La Jagua Mine Sale Postponed

22 December 2004, Published under Cement News

Colombian cement producer Cementos Argos postponed the $110m sale of the Colombian coal mine La Jagua to Swiss-based Glencore International for January 2005, from the originally scheduled December 31, 2004. Cementos Argos is Colombia’s largest cement producer and controller of Carbones del Caribe (CDC), which operates the mine, located in the northeastern parts of the country, close to the border with Venezuela. The postponement was due to the delays in the preparation of the papers to be...

Continuing Saga of the Mary Nour in Mexico

22 December 2004, Published under Cement News

The Wall Street Journal, New York carried a detailed report on the Mary Nour last week. Below is a shortened summary. In the five months since Captain Steinar Dahl steered his vessel, the Mary Nour, into Mexican waters, he has received a rude welcome. His ship was denied entry into one port only to have its load impounded at a second. The ruddy Norwegian has endured five onboard inspections, a blood test and a police interrogation amid accusations he may be smuggling guns, drugs or illega...

Police seize fake cement

21 December 2004, Published under Cement News

Following a tip off, Police over the weekend seized over 190 bags of fake Bamburi cement from Goods shed.   The cement belonging to a businessman, Mr Lawrence Sajjabbi was seized from his container at Goods shed terminal where it was reportedly being kept.   According to Police, Hima brand cement was mixed with powdered clay and lime to create a rare cement-like mixture, which was then packed in Bamburi cement bags. Bamburi Cement has a higher market price than Hima cement. 

Bermuda cement dispute settled

21 December 2004, Published under Cement News

A tentative agreement was announced via press release in the controversial contract negotiations between the West End Development Corporation (WEDCO) and tenants, the Bermuda Cement Corporation (BCC). “WEDCO and BCC met as scheduled to discuss the terms of the new lease. The parties have reached a tentative agreement with specific details still to be worked out. Workers at the Ireland Island North plant stopped the flow of cement for four days, claiming BCC management could not be ass...

Qatar plans to treat new Doha port as free trade zone

20 December 2004, Published under Cement News

Chairman of Customs and Ports General Authority Abdullah bin Jassim Al Thani, announced Qatar’s plans to build a free trade zone as a part of the new Doha Port. Al Sharq daily reported that that the proposed port is to be constructed over an area of 500 hectares, to be reclaimed from the sea and will be situated at four kilometres east of Doha International Airport. The port will be linked to the mainland via an 8.5km long bridge. The entire of the new Doha port, as well as the airport area,...

Ukranian Cement Production up and down

17 December 2004, Published under Cement News

In November, national cement production rose by 8.8 per cent compared with November 2003, to 703,000t.    This was disclosed by the State Statistics Committee.   However, cement production fell by 32.9 per cent or 344,000t compared with October.    In January-November, cement production rose by 21 per cent or 1,762,000t compared with January-November 2003, to 10,167,000t.    More than 15 factories produce cement in Ukraine, and their total annual capacity is more than 20Mt.