Cement News tagged under: Trading
Grounded ship off Fort Lauderdale13 October 2004, Published under Cement NewsTugboats pulled the grounded freighter Federal Pescadores into deeper water Sunday evening, clearing the way for divers to go in today to look for damage to coral reefs. The 546-foot ship ran aground off Fort Lauderdale late Wednesday night after leaving Port Everglades with a load of cement bound for Port Canaveral. The Coast Guard is investigating the accident. Over the weekend, work crews pumped out fuel to lighten the Panamanian-flagged ship. Several tugboats hauled it east, allowing it ... |
Solid Cement says lab is outdated08 October 2004, Published under Cement NewsSolid Cement Corp, Philippines, yesterday assailed a government-run cement testing lab which had given its Island Portland Cement brand a failing mark, saying the facility is outdated and in poor condition. The Department of Trade and Industry (DTI) lifted an Aug. 12 ban on Island Cement last Monday, but the failing mark given by the Department of Public Works and Highways’ Bureau of Research Standards prompted the DTI’s legal office, which is hearing a complaint versus Solid Cement, to ord... |
Inflation piles pressure on retail cement price06 October 2004, Published under Cement NewsKenyan Cement producers are under renewed pressure to increase retail prices as the cost of inputs continue to rise. Market leader, Bamburi Cement, yesterday indicated that although it had no immediate plan to raise prices, the industry is getting concerned about the continued rise in the cost of producing cement. Mr Didier Tresarrieu, the company’s managing director, said the price of coal has risen by between 56 per cent and 85 per cent in the past nine months. In addition to the rise in t... |
Gov’t lifts ban on Solid05 October 2004, Published under Cement NewsPhilippine authorities yesterday lifted the ban on Solid Cement Corp’s Island Portland Cement after tests showed that samples have attained the minimum compressive strength required by government standards. But the Department of Trade and Industry (DTI) will still pursue the case versus Solid Cement and will conduct a monthly product and factory audit until it is satisfied with Island Cement’s quality. Jesus L. Motoomull, director of the DTI’s Bureau of Product Standards, said the month... |
Clinker exports hold promise for cement units04 October 2004, Published under Cement NewsFor the Indian cement industry, it’s a clinker-led export boom. Even as cement exports have more or less stagnated due to sluggish demand, cement companies such as ACC and Sanghi Cement are betting heavily on clinker exports to Western Europe, West Asia, Africa and neighbouring countries. During 2003-04, nine million tonnes of cement and clinker were exported from the country, against 6.92Mt during the previous fiscal. The growth of 30 per cent in overall exports has largely been on acco... |
CDM accused of dumping cement?04 October 2004, Published under Cement NewsCDM Mexico which is currently embroiled in the Mary Nour case has stated it will eventually start up a clinker grinding operation costing some US$30m using imported clinker but in the meantime will press the authorities to release its ship and allow it to discharge the 27,000t of cement on board. However, the National Chamber of Cement (Canacem) argued that CDM doesn’t have the requisite import permits and that CDM would sell cement at dumping prices. "CDM has not fulfilled the Mexican n... |
Iran’s cement smuggled to Afghanistan04 October 2004, Published under Cement NewsThe rate of cement smuggling is on the rise in Khorasan Province, Northeastern Iran, according to Iran Daily. The cement shortage in Khorasan has paralysed those involved in construction works in this large Iranian province with cement being sold at twice its normal price across the border into Afghanistan. The smugglers are currently active in the North and Northeastern provinces of Iran and it seems that they are too powerful to be countered by the officials. An official in Khorasan on... |
Fiji exports to Tahiti04 October 2004, Published under Cement NewsFiji will be working closely with its Pacific island neighbours in trade and economic opportunities as the region moves towards a Free Trade Area by 2012. Forum island leaders agreed to this and Fiji Islands Trade and Investment Bureau chief executive Lailun Khan said Fiji must be fully aware of the rapidly changing international business environment. "For developing countries like ours, pressures like that of the World Trade Organisation are magnified by our smallness," Mrs Khan said. "... |
Near-term outlook positive01 October 2004, Published under Cement NewsThe consumption of cement in India during the April-August period (for which the official figures are available) grew by 4% across the country. This lower than the normal growth rate is still a commendable performance considering the fact that the southern states, considered to be the economic power houses, posted a decline in consumption by 3.90% - say local reporters. All the major southern states registered lower off-take vis-a-vis the same period last fiscal. Andhra Pradesh’s consump... |
Moroccan cement firms face new free trade challenge30 September 2004, Published under Cement NewsMoroccan 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... |