Cement News tagged under: Trading

RSS feed

Cement Racket Exposed

01 June 2004, Published under Cement News

Police have unearthed a major syndicate in which the East African Portland Cement Company (EAPC) is losing over Sh3 million per month in transport commissions.  Sources said two vehicles loaded with cement are already under police custody having been confiscated in a deal suspected to involve transporters and some senior managers at the cement firm. The racket which is believed to have cost the firm over Sh15 million since January this year, involve drivers collecting cement from EAPC Ath...

RMC UK Cement Division brings logistics in-house

01 June 2004, Published under Cement News

RMC UK Cement Division, part of the RMC Group, has made the decision to bring logistics in-house following a successful four-year partnership with TNT Logistics which has seen the introduction of strong operational controls, management of an UK£8m investment programme in new equipment and reduced costs and improved service. On 30 November 2004, operational management of the 190-vehicle strong fleet and a transfer of more than 380 employees will pass from TNT to RMC. Cement Division Supply...

Cimpor plans shipping fleet

24 May 2004, Published under Cement News

Portuguese cement group Cimpor is planning to start shipping operations, it was reported on May 21, 2004. Cimpor is apparently currently negotiating the purchase of a fleet of vessels, which will help it to reduce transport costs, especially when transporting clinker.  Cimpor’s subsidiaries in Spain are expected to benefit the most in terms of transport cost reduction from such a vessel fleet purchase.

Iran price falls

24 May 2004, Published under Cement News

Apparently due to policies pursued by the Commerce Ministry to stabilise cement prices, the price of this product declined by some nine per cent in domestic markets.  The general director of commercial products supply and distribution at the Commerce Ministry told the Mehr News Agency that the cement market is currently less volatile and enjoys a better standing in comparison to the corresponding period in the last Iranian calendar year 1382 (March 20, 2003-March 19, 2004).   Pointing to the ...

Has the tide turned?

21 May 2004, Published under Cement News

Six months of exceptionally high levels of ocean freight rates have finally brought the trading market back to the conditions that we regarded as normal, prior to 1997. Those who believed that cement trading had become a "global market" have been forced to accept that this is in fact a regional business, when average freight rates and FOB prices hold sway. The result of this adjustment, has been that importers have been forced to seek supply closer to home. In the Mediterranean/Black Sea ...

Cement dealers protest

17 May 2004, Published under Cement News

All Karachi Cement Dealers Association (AKCDA) has asked the government to take notice of the black marketing of cement by a government owned cement factory and ensure the free availability and sale of cement. Addressing a press conference, AKCDA Convenor Action Committee Shoukat Hussain demanded of the government to solve the problems faced by cement dealers. He alleged that Jawaidan Cement Factory has been captured by some opportunists who are making money by arbitrarily raising the price ...

Qatar National Cement Co

13 May 2004, Published under Cement News

Qatar’s largest cement producer Qatar National Cement Company (QNCC) expects to receive three shipments of cement by the end of May 2004 to cover the continuing shortfall in its cement supply in the country, according to QNCC chairman and managing director, Salem Butti al-Nuaimi, it was reported on May 12, 2004.  QNCC previously planned to receive only one delivery of cement in May 2004. Through the increased import of cement, the crisis on the local cement market is to be overcome by the en...

Turkey Exports 600,000t to Iraq

12 May 2004, Published under Cement News

Turkey exported 600,000t of cement to Iraq in 2003, up from 40,000t in 2002, Turkish Cement Manufacturers’ Association chairman Adnan Ignebekcili said on May 10, 2004.  The exports are expected to further increase in near future, Ignebekcili added.  Turkey exported 7.3Mt of cement in 2003 up from 5.5Mt in 2002. The country’s cement output increased to 28.106Mt in 2003 from 26.2Mt in 2002. Turkey’s cement consumption reached a record high 34.5Mt in 1998 and since then it started falling, ...

Kuwait Portland Cement

11 May 2004, Published under Cement News

Kuwaiti cement trader Kuwait Portland Cement Company posted a net profit of US$5.6m for the first quarter of 2004, down from US$12.1m  in the same period of 2003. Earnings per share fell to US$0.078 in the first three months of 2004 from US$0.17 in the corresponding period of 2003.

Lebanese cement plants ­ exports to Iraq?

10 May 2004, Published under Cement News

Leading Lebanese cement companies are expected to increase their exports the promising Iraqi market this year despite the security deterioration in some parts of the country. Firms from Lebanon were reportedly  responsible for the export of more than 600,000t of cement to Iraq in 2003 and in 2004 this figure is expected to jump to more than 1.5Mt. "Iraq is a promising market for cement companies that have seen a drop in business over the past few years," Pierre Doumet, the chairman of Cim...