Cement News tagged under: Trading

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Moroccan cement firms face new free trade challenge

30 September 2004, Published under Cement News

Moroccan cement firms, backed by European majors, will soon face tougher competition from imports which could endanger one of the Casablanca bourse’s heavyweight sectors, industry officials and analysts say. The implementation in January 2005 of free trade deals with Egypt, and later with Turkey, are likely to drastically cut profit margins for local firms affiliated to, or controlled by the likes of Lafarge and Holcim. Cement in Morocco sells at $80/t, more than double the price in E...

Lebanon exports to Syria increase

30 September 2004, Published under Cement News

Lebanon exported about 353,373t of clinker and cement to Syria in the first half of 2004. Exports of cement from Lebanon to Syria stood at 168,468t during the period. Syria is said to be the second largest importer of Lebanese cement after Iraq, officials said. Lebanon expects to export a total 1.2Mt of cement to the Syrian and Iraqi markets in 2004, up from 472,518t in 2003. Lebanon projects a significant increase in its cement exports to the Syrian market following the recent decision ...

Solid Cement drops petition

28 September 2004, Published under Cement News

Solid Cement drops petition against DTI Solid Cement Corp, one of the Philippine units of Cemex, has withdrawn a petition it filed before the Court of Appeals questioning the authority of the Department of Trade and Industry from pursuing a case that prevents the company from selling and distributing Island cement. But despite this, the case filed by the Bureau of Trade Regulation and Consumer Protection (BTRCP) against Solid Cement would still be pursued, Atty. Pedro Vicente Mendoza, a...

Cement safeguards

23 September 2004, Published under Cement News

Cement manufacturers want the government to retain safeguard duties versus imported cement, claiming that excess cement capacity in Asia still poses "a threat of dumping." Felix Enrico R. Alfiler, president of the Cement Manufacturers Association of the Philippines, said domestic firms remain unable to compete considering the continued rise in electricity rates and high costs of imported coal.

Egyptian cement output

22 September 2004, Published under Cement News

Egypt produced a total of 2.498Mt of cement in June 2004, up from 2.439Mt in May 2004, the Central Bank of Egypt (CBE) said in a monthly report.  Local cement sales totalled 2.388Mt in June 2004, compared to 2.177Mt in May 2004 and 2.295Mt in April 2004.  Egypt exported 541,000 tonnes of cement in June 2004, against 505,000 tonnes and 1.075Mt in May and April 2004 respectively.  Egypt’s cement output stood at 28.945Mt in 2003. Local consumption totalled 26.602Mt during the year, while exports...

Pakistan receives cement orders

21 September 2004, Published under Cement News

Pakistan cement companies have received orders of over 250,000t of cement from Iraq. According to Vice Chairman All Pakistan Cement Manufacturers Association, Babar Bashir, he said Attock Cement received orders of 50,000t and DG Khan Cement received orders for 200,000t. Chief Financial Officer DG Khan Cement Inayatullah Niazi told local reporters that out of 200,000t, some 100,000t has been finalised, He noted his company has already sent 4500t of cement and was aiming to send 15,000t to...

Ministry to control retail cement price

21 September 2004, Published under Cement News

The Qatar Ministry of Economy and Commerce is likely to take steps to control the retail prices of cement, steel and gravel which are said to be in short supply in the local market due to a boom-led demand. Currently, studies are being conducted on supply and demand of these key building industry materials, according to Al Sharq.  The daily quoted unnamed sources in the ministry as saying that the studies being carried out are for the purpose of determining if these materials are available in...

Continued squeeze on cement supply

20 September 2004, Published under Cement News

China’s demand for cement is still being blamed for US cement shortages with Florida particulalrly hard hit. America imports about 20 percent of the cement used here, but Florida, the hottest building market in the nation, imports about 40 percent of its supplies. Florida’s demand for cement is high because building codes require concrete framing materials to protect against hurricane damage.  Before this year’s hurricanes, the NAHB said its survey of builders showed 41 percent of respondent...

Cement prices soar despite flat demand

20 September 2004, Published under Cement News

Indian cement makers seem to have finally succeeded in delinking their price realisations to demand growth. In August this year, cement prices galloped by double digits despite a flat demand, owing to good rains across the country.  On a year-on-year basis, cement despatches during last month increased by a mere 0.3%. The retail prices during the month, however, jumped by over 12% on a national average basis. Prices are up 10-14% in Delhi, Kolkata and Mumbai, and by 4% in Chennai. In Ahmedab...

Cement prices set to rise

16 September 2004, Published under Cement News

Retail prices for cement are likely to soar after industry leader, Bamburi Cement, announced a price increase. The move, which took effect on Monday, is yet another blow to the building industry, which is still reeling under cost inflation triggered by a global construction boom and rising oil prices. Industry players yesterday blamed the increment on the rising cost of electricity, gas, diesel and coal. Bamburi Cement spends about 47 per cent of its running costs on fuel, including the furn...