Cement News tagged under: Trading

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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...

Cement vessel seized

23 June 2004, Published under Cement News

Bangladesh: District detective branch of police seized a cargo vessel MV Shamin with large quantity of cement of Indian origin near Tarabo Ghat under Rupganj police station yesterday morning. The police also arrested four employees. Acting on a tip-off, a squad of DB police challenged while the Indian "Ambuja" brand of cement was being unloaded. As the vessel’s people failed show any valid papers of importing cement, the DB personnel seized it and arrested four persons. Later in the afternoon...

Cement Production up in Ukraine

18 June 2004, Published under Cement News

In May, cement production rose by 14.2% or 139,000 tons compared with April.  In January-May, cement production rose by 34% or 933,000 tons compared with January-May 2003, to give a total output of 3,673,000 tons.  More than 15 enterprises produce cement in Ukraine, and their total annual capacity is more than 20Mt.

Gambling on more cement

18 June 2004, Published under Cement News

A report in the Las Vegas Sun newspaper suggests that the cement shortage that has affected different regions of the United States, including Southern Nevada, may abate slightly later this year. But local industry experts wonder whether the shortage will ease in Las Vegas and said continued price increases in cement, steel, and wood are beginning to add up. Signs of greater international shipping availability heighten the potential for cement imports to increase to some regions later this...