Cement News tagged under: Trading
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increase in railway freight would impose a further unfair burden on the cement industry and needs to be immediately withdrawn.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. |
UAE cement firms sales23 November 2004, Published under Cement NewsThe 11 cement companies in the UAE sold about 10.7Mt of cement in 2003 for an estimated total sales of Dh1.75 billion. The industry employs about 3000 workers and has an estimated investment of around Dh1.8 billion, according to a study by Global Investment House. According to AUCB (Arab Union For Cement and Building Materials), there are currently 12 cement factories in the country — 11 for portland cement and one for white cement. Out of these, six are listed companies. The country has til... |
Vietnam to raise cement prices22 November 2004, Published under Cement NewsTo prevent further losses, the cement sector must raise prices due to the increasing costs of imported materials, according to the Vietnam Cement Association. The sector’s profits are expected to fall this year, after the import prices for coal, electricity, petrol, oil, transport and clinker increased. Profits fell from VND605 billion in 2002 to VND546 billion last year. Nguyen Van Thien, the association’s chairman, said the rocketing prices of imported materials directly impacted pr... |
Egyptian Cement Output at 2.634Mt19 November 2004, Published under Cement NewsEgypt’s cement output reached 2.634Mt in July 2004, up from 2.498Mt in June 2004, the Central Bank of Egypt (CBE) said in a report. Local cement sales totalled 2.311 million tonnes in July 2004, compared to 2.388Mt in June 2004 and 2.177Mt in May 2004. Egypt exported 618,000t of cement in July 2004, an increase from 541,000t and 505,000t in June and May 2004 respectively. Egypt’s cement output stood at 28.945Mt in 2003. Local consumption totalled 26.602Mt during the year, while exports st... |
Building materials prices soar in Nigeria18 November 2004, Published under Cement NewsA survey conducted by PM Property Guide, Lagos, at building materials markets in the state revealed that the price of almost every building material in the market has increased. Badly hit are products like cement, iron rods, ceramic tiles, etc. A bag of 50kg cement which was sold for N950 in August now goes for N1000. 50 tons of iron rods which was sold for N35,000 now costs between N40,000 and N42,000, a 6x6 ceramic which was sold for N500 now costs N600. |