Cement News tagged under: Trading
Eurocement Group discloses cement output01 December 2004, Published under Cement NewsIn Jan-Oct 2004 Eurocement Group produced over 8Mt of cement 2004, a 13.2 per cent increase against the figure posted in the same period 2003, the company’s press service said. |
Cement firms yet to capitalise on Gulf demand01 December 2004, Published under Cement NewsNorthern Pakistan manufacturers have not been able to capitalise on rising cement demand from the UAE and other Gulf states as they are not quoting competitive prices which they claim is on account of high costs of transportation and lack of bulk handling facilities, industry officials said. Demand for cement is continuously rising in the Gulf states for the last five months but only a few of Pakistan’s cement manufacturers have been able to strike export deals for the region and that too no... |
Mitsui to pull out of cement business30 November 2004, Published under Cement NewsMitsui Japan has decided to withdraw from its cement business because of poor earnings prospects, The Nihon Keizai Shimbun learned Monday. The major trading house plans to stop doing business with Taiheiyo Cement Corp and Denki Kagaku Kogyo KK in such areas as domestic sales and exports of ready-mixed concrete. The firm is also considering divesting its stakes in joint ventures that do business in such countries as China. Mitsui generates annual revenue of 45 billion yen (US$438.4m) from its ... |
Mexico cement output up 4 per cent Jan-Oct30 November 2004, Published under Cement NewsCement production in Mexico rose 4.16 percent in the first 10 months of the year on strong demand from a buoyant housing sector and expanding public works amid an economic expansion. According to figures released on Monday by the National Cement Chamber, output in the January-October period grew to 27.7Mt up from 26.6Mt in the same period a year earlier. In the third quarter, Mexico’s economy grew 4.4 percent, its fastest year-on-year pace in almost four years. |
Cement units demand withdrawal of freight rates hike, India29 November 2004, Published under Cement NewsThe Cement Manufacturers’ Association of India has demanded immediate withdrawal of the hike in railway freight rates, saying the hike would lead to unsustainable increase in production cost. In a statement, the CMA Secretary General, E. N. Murthy, said that the present increase in railway freight would impose a further unfair burden on the cement industry and needs to be immediately withdrawn. He also said that cement was one of the highly taxed commodities with over 80 per cent of... |
Railways raises coal freight rates25 November 2004, Published under Cement NewsDue to high fuel costs, state-run Indian Railways has raised the freight rates on a range of goods including cement, iron ore and coal. The maximum freight rate hike of 7.7 per cent has been effected on transportation of coal and iron ore, while the rate on cement will go up by 3.7 per cent. The freight rates on limestone, manganese ore, bauxite and clinker have also been raised. Indian Railways will earn an additional INR4bn (US$88m) for the financial year ending in March 2005 due to the f... |
China’s export of cement in September25 November 2004, Published under Cement NewsChina exported 750,000t of cement valued at US$23.666m in September 2004. The export in January-September reached 5Mt valued at US$164.821m, up 24.6 per cent and 27.9 per cent respectively year on year. |
Vietnam likely to lack coal for cement production24 November 2004, Published under Cement NewsVietnam will need 1.3Mt of coal next year, but it is in danger of serious shortage of the material, said officials from Vietnam Cement Corporation (VNCC). The scarcity is attributed to the increasing demand for the coal amongst VNCC’s members and numerous difficulties in supply from Vietnam Coal Corporation (Vinacoal). As of mid-November, Cement Transport and Material Company, in charge of supplying the material for VNCC’s members, has provided as many as 596,500t of coal while its initially ... |
Torah Portland Cement24 November 2004, Published under Cement NewsEgypt: Torah Cement’s 1H FY04 financial results, slightly above expectations, revealed impressive 33.5% annual top line growth arriving at LE281.9million, a function of both improved cement prices, with export volumes playing a lesser role. Cement and clinker per ton prices advanced in FY04 respective, 29.9% and 33.6%, annually. The latter’s larger increase bodes well for Torah Cement in particular as clinker exports represent a hefty 93.3% of total exports. Local demand continues to dimini... |
Investors advised to sell shares in...24 November 2004, Published under Cement NewsAnalysts at Helaba Trust are advising investors to sell shares in HeidelbergCement, the German cement manufacturer. According to the analysts, the worldwide cement market is about to reach the high point of its cycle. Warning signs are already said to have been seen on the UK property market. This is expected to place a burden on shares in all companies in the sector, but particularly on shares in HeidelbergCement, which have registered significant gains. |