Cement News tagged under: Trading

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Port needs deeper channel, focus on cement

06 September 2004, Published under Cement News

The financially troubled Port of Sacramento’s best chance of survival is a deeper channel and a concentration on building up its cement cargo traffic, according to a study released Friday.  The study, a 109-page document done by Parsons Brinckerhoff Ports & Marine Inc., said a deepened channel to the Bay Area -- something port officials have long said they want -- is key to the long-term financial survival of the port. But the West Sacramento facility hasn’t managed to raise the 25 perce...

Northern Cyprus cement sales

06 September 2004, Published under Cement News

The Cyprus Govt Commerce Committee is considering investigating a company’s intention to sell cement to developers in the occupied north. Government spokesmen said they were concerned by the intention of Vasiliko cement factory to sell cement to the north at a time when everyone was trying to stop the development of properties in the north and at a time when Cyprus is filing complaints left and right for the frenzied construction in the occupied areas, which “violates the rights of Greek Cyp...

Imported cement price down

03 September 2004, Published under Cement News

Prices for imported cement in to the UAE dropped by Dh1 per bag, following the news of large cement consignments coming to the UAE ports in the near future. Price for a 50kg bag of imported cement was quoted at Dh14 yesterday. According to industry sources, decline in cement prices indicates easing out of cement crisis in the country. Two major Dubai-based cement importers have contracted heavily in the international markets to keep up the supply intact in UAE. Around 100,000 tonnes of c...

Tariffs on imports removed, Egypt

02 September 2004, Published under Cement News

The Egyptian Minister of Foreign Trade and Industry, Rashid Mohamed Rashid, has announced that Egypt will remove tariffs on cement imports which amount to 10 per cent for unpacked cement and 20 per cent for packed cement imports. Local cement companies, whether totally Egyptian or subsidiaries of international companies, produce about 35Mta - 25Mt for local consumption and 10Mt for exportation to the international markets. Cement sector analysts say the decision will impact prices in...

UAE producers agree not to export cement

01 September 2004, Published under Cement News

The UAE cement producers agreed at a meeting on August 31, 2004 not to export cement until the situation on the local cement market stabilises, it was reported on September 1, 2004. The meeting, held at the headquarters of Sharjah Cement, was attended by representatives of Fujairah Cement, Gulf Cement, Sharjah Cement, Binani Cement, Ras al-Khaimah Cement, Emirates Cement and Umm al-Qaiwain Cement. During the meeting, the cement makers also agreed to co-operate to cover any deficit on the...

Araratcement enters Iranian market

31 August 2004, Published under Cement News

Sedrak Sedrakian, General Director of the company "Multi Group", owner of the Araratcement, told ARMINFO, this year the company has supplied 17,000t of cement to Iran. The company meets competition due to the quality of the cement produced. Georgia is still the most traditional country for the export. So, last year the company supplied 25,000t of cement to Georgia and occupied 10% o the Georgian market. This year the company has already exported 74,000t of cement to that country. The general ...

Builders still hard hit by costly cement

31 August 2004, Published under Cement News

Despite the government’s withdrawal of five per cent import duty on cement, traders are still cashing in on the scarcity in the local market, sources said.  The cement price ranges between Dh13 and Dh15 per bag in the market, depending on bulk purchase and payment terms. It is much lower than the peak price of Dh22 to Dh25 per bag, but higher than the pre-crisis level of Dh9.  Some suppliers are rationing cement, mostly to clients who pay cash. A number of contractors are importing cement di...

Oman acts to stabilise prices

31 August 2004, Published under Cement News

A price ceiling on cement has been fixed by the Omani government to prevent exploitation by retailers as demand rises.  The Ministry of Commerce and Industry has fixed the cement price at 1.5 riyals per bag outside Muscat and Dhofar from September.  "The decision was made after it was agreed with producers not to raise prices in response to the rise in demand for local cement," the ministry said. Apparently, some retailers have been charging higher prices on the pretext of a long waiting...

Minister confirms cancellation of duties

31 August 2004, Published under Cement News

The Egyptian Minister of Industry & Foreign Trade, Mr. Rashid Mohamed Rashid, confirmed the cancellation of custom duties levied on Egyptian cement imports yesterday, which pertain to 10% for bulk cement and 20% for packed cement. The decision came as a first of the ’Custom Tarrifs Ammendment’, which intends to reduce tax duties on basic economic commodities. The Minister stated that the cement industry’s oversupply is currently being directed towards exports, which sums to between US$1...

Egypt seeks export boost

25 August 2004, Published under Cement News

Egypt’s Minister of Finance, Youssef Boutros-Ghali, and the Sudanese Minister of Industry, Jalal Yousif al-Dagir, discussed ways of boosting the trade relations between the two countries and the possibilities to raise the exports of Egyptian cement to Sudan, it was reported on August 24, 2004. During the talks, held as part of al-Dagir’s visit to the Egyptian capital Cairo, Boutros-Ghali called upon the Sudanese side to decrease the customs duties on Egypt’s cement exports.