Cement News tagged under: Trading

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Cement prices drop after ministry intervention

19 July 2004, Published under Cement News

An official source from Omani Ministry of Commerce and Industry has said measures made recently by the ministry’s consumer production department to regulate export of local cement has succeeded in curbing the hike in cement prices.  He said regular follow-up reports received by the ministry indicated that cement prices in the Sultanate were less by 40 per cent when compared with prices prevailing in the wider region.  The official said cement price in the district of Nizwa currently stands a...

Trial of "cement gang" demanded

19 July 2004, Published under Cement News

A statement signed by 785 Palestinian figures has called for trying the "cement gang" that supplied the Zionist entity with Egyptian cement shipments that were used in the separation fence construction, according to the UAE daily ’Al-Bayan’. The signatories, researchers, academicians, politicians and representatives of the private sector, criticized the Palestinian legislative council’s performance in the economic sector. The statement expressed surprise over the Palestinian Authority govern...

Cemex Tampico port row

19 July 2004, Published under Cement News

With the Port of Tampico, Mexico declaring that the incoming cement storage and transhipment vessel, Mary Noor poses no risk to passing traffic, and perhaps the Cemex claim that access to its own facilities could be restricted, is a little exaggerated, the national press has now picked up on the story with the following cartoon appearing in two national Mexican newspapers under the caption: “Cynical or desparate”

India’s rising exports

16 July 2004, Published under Cement News

Demand for cement in the Arabian Gulf has opened up export market for units located in coastal areas with the export prices going up by 15 to 20 per cent over recent months. Minister of State for Commerce and Industries, E V K S Elangovan, told reporters that the Indian exporters were able to meet the entire demand for which they received orders. The fact that Indian exporters have the capacity to meet the increased demand from importing countries is established by the fact that the export o...

Philippine Supreme Court lifts special tariff on cement

12 July 2004, Published under Cement News

The Philippine Supreme Court has lifted a special import tariff imposed by the government to protect local cement manufacturers. The court decision is a victory for Southern Cross Cement Corp. - a cement importer owned by Japan’s Teiheiyo Cement Corp and Tokuyama Corp  - which has questioned the validity of the 20.60-peso special tariff imposed by the government in December 2001 on each 40kg bag of imported cement. The import duty was pared to PHP15.60 per bag in March this year after loca...

Cement exports up 160 per cent on Afghan demand

12 July 2004, Published under Cement News

Cement exports have jumped to 1.1Mt in 2004 mainly to Afghanistan with some cement exports to the UAE as well, reflecting a growth of 160 per cent over 2003. The total cement exports in 2003 had been at 430,000t, this year up to 1.1Mt with short-term outlook still strong. The special jump came through June as if compared the numbers on monthly basis total exports in June soared to 132,000t as against 79,000t in the month of May. Bestway Cement remained the largest cement exporter with ex...

Indonesian cement consumption up

05 July 2004, Published under Cement News

Indonesia’s domestic consumption of cement reached 11.244Mt during the first five months of 2004, an increase of 8.7 per cent from 10.321Mt for the same period last year, according to data released by the Indonesian Cement Producers Associations.  The data showed that domestic cement consumption amounted to 2.373Mt in May, up 6.3 per cent year-on-year.  Cement exports rose sharply from 662,600t in May 2003 to 825,787t in May this year, it added.

Cement prices in UAE fixed

01 July 2004, Published under Cement News

The price of bulk cement in the UAE was fixed at a maximum of 280 UAE dirhams (US$76.2) a tonne and the price of a bag at 15 dirhams (US$4.08), following an agreement reached by the panel created to supervise the cement prices in the country on June 30, 2004.  The panel, comprising representatives of the UAE Ministry of Economy and Commerce, the Contractors’ Association and cement manufacturers, will implement the new prices on July 1, 2004. The three sides also agreed that cement manufactur...

Indian cement prices may rise

30 June 2004, Published under Cement News

Local cement companies are looking at hiking the price of a 50kg bag by Rs 5 from July 1 on account of a rise in coal prices and increased freight rates.  Although cement majors Gujarat Ambuja Cement, Grasim Industries, ACC and Larsen & Toubro have not formally announced the rise in price, industry sources said cement stockists have been intimated about the move.  However, the exact quantum of the price hike will be worked out on the basis of area and demand. "Cement companies will not be ab...

The view from Kuwait

30 June 2004, Published under Cement News

Most Kuwaitis supported the war of liberating Iraq from the regime of Saddam Hussein. However, in the aftermath of the Abu Ghraib prison scandal and the general American confusion in Iraq after its military victory, a split has developed in public opinion here. Some are demanding a swift end to the US occupation; some doubt American intentions in Iraq. Yet trade between Iraq and Kuwait is ongoing. Kuwaiti traders are making sizeable profits exporting materials to be used in Iraq’s reconstruc...