Cement News tagged under: Trading
Tariffs on imports removed, Egypt02 September 2004, Published under Cement NewsThe 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 cement01 September 2004, Published under Cement NewsThe 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 market31 August 2004, Published under Cement NewsSedrak 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 cement31 August 2004, Published under Cement NewsDespite 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 prices31 August 2004, Published under Cement NewsA 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 duties31 August 2004, Published under Cement NewsThe 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 boost25 August 2004, Published under Cement NewsEgypt’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. |
Ras Al-Khaimah plant import25 August 2004, Published under Cement NewsThree of the cement plants in the UAE emirate of Ras al-Khaimah have imported a shipment of a total 31,500 tonnes of cement in mid-August 2004, the emirate’s Customs and Ports Department director general, Mohammad al-Mehrizi, said. The cement was imported by Gulf Cement Company, Ras al-Khaimah Cement Company and Union Cement and has been unloaded at Ras al-Khaimah Port, al-Mehrizi added. The importers have started receiving and transporting the cement to their storage facilities. However, so... |
Solid Cement may have to close25 August 2004, Published under Cement NewsSolid Cement Corp, a Philippine unit of Mexico’s Cemex said it may have to shut down its cement plant next week unless the government lifts its order for the company to stop selling its products. The Department of Trade and Industry on Aug. 12 ordered Solid Cement to stop its cement sales after its products failed government quality standard testing. Quality testing was conducted at the request of the Department of Public Works and Highways, which uses Solid Cement’s Island brand fo... |
Chelyabinsk region expands output24 August 2004, Published under Cement NewsIn 1H 2004 the Chelyabinsk region’s construction materials sector expanded output by 6.1% y-o-y due to the growh of cement production (up 86.7%), heat-insulation materials (up 40.5%). New foreign owners of Uralcement and Katavsky Cement 4 managed to resume supplies to traditional markets in Jan-July 200, and organized efficient production, the Chelyabinsk region’s Economy Ministry said |