Cement News tagged under: Trading

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The costs of rebuilding Iraq

08 June 2004, Published under Cement News

According to a report in the US-based Newsday magazine,  the cost of building materials in Iraq are rising rapidly. Bricks cost two to four times what they did before the US invasion last year. The price of cement is up 400 per cent, gravel up 70 per cent. The United States is pushing urgently for reconstruction as a way to stabilize Iraq and the US-led occupation authority is to spend US$18 billion on rebuilding over four years. But you can’t repair a country still at war, say many Iraqis a...

Coal and petcoke tenders announced

04 June 2004, Published under Cement News

Holcim’s North American operations has invited offers through June 11 on over a million tons of coal and more than 300,000 tons of petroleum coke for delivery in 2005.The company has invited offers from virtually all over the United States, but is open also to offers from abroad on both products, as well as offers on multi-year supplies.  Coal offers have been asked on an FOB mine basis, while petcoke offers generally are accepted on a plant-delivered basis. Specific coal supply origins targ...

Cement makers eye booming Dubai market

04 June 2004, Published under Cement News

Pakistani cement makers are gearing up to tap the booming construction market in Dubai and other Gulf countries where cement prices have shot up over 100 percent in the last one month on account of high demand, industrialists have said. Cement producers could earn up to $50 per ton profit if they are able to export to Dubai and its related markets, analysts said. Cement prices in Dubai have soared to a record 26.50 UAE dirham per 50-kg bag in May, up over 100 percent in April. Industry of...

Luzon cement prices hit record

04 June 2004, Published under Cement News

Retail prices of cement in northern Luzon,  Philippines went as high as R170 per bag (42.5kg), the highest since the  imposition of definitive safeguard duty, due to the shortage of supply  caused by the simultaneous shutdown of two big cement plants in the area two  weeks ago - reports the Manila Bulletin. Based on the monitoring of the Department of Trade and Industry, prices of  cement in Regions 1, 2, 3 and the Cordillera Autonomous Region were on the  rise because of the defective ki...

Call to curb soaring cement prices

01 June 2004, Published under Cement News

UAE Contractors Association (UCA) has urged the government to intervene by fixing the prices of cement manufactured by local companies. In response to the current situation, the UCA is also helping leading contractors in setting up a building materials company with a capital base of Dh100 million to cap the flare-up in building material prices, said Dr Ahmed Saif Belhasa, UCA chairman. "We believe in the open market economy. But no one should be allowed to take unfair advantage of the sit...

Cement Racket Exposed

01 June 2004, Published under Cement News

Police have unearthed a major syndicate in which the East African Portland Cement Company (EAPC) is losing over Sh3 million per month in transport commissions.  Sources said two vehicles loaded with cement are already under police custody having been confiscated in a deal suspected to involve transporters and some senior managers at the cement firm. The racket which is believed to have cost the firm over Sh15 million since January this year, involve drivers collecting cement from EAPC Ath...

RMC UK Cement Division brings logistics in-house

01 June 2004, Published under Cement News

RMC UK Cement Division, part of the RMC Group, has made the decision to bring logistics in-house following a successful four-year partnership with TNT Logistics which has seen the introduction of strong operational controls, management of an UK£8m investment programme in new equipment and reduced costs and improved service. On 30 November 2004, operational management of the 190-vehicle strong fleet and a transfer of more than 380 employees will pass from TNT to RMC. Cement Division Supply...

Cimpor plans shipping fleet

24 May 2004, Published under Cement News

Portuguese cement group Cimpor is planning to start shipping operations, it was reported on May 21, 2004. Cimpor is apparently currently negotiating the purchase of a fleet of vessels, which will help it to reduce transport costs, especially when transporting clinker.  Cimpor’s subsidiaries in Spain are expected to benefit the most in terms of transport cost reduction from such a vessel fleet purchase.

Iran price falls

24 May 2004, Published under Cement News

Apparently due to policies pursued by the Commerce Ministry to stabilise cement prices, the price of this product declined by some nine per cent in domestic markets.  The general director of commercial products supply and distribution at the Commerce Ministry told the Mehr News Agency that the cement market is currently less volatile and enjoys a better standing in comparison to the corresponding period in the last Iranian calendar year 1382 (March 20, 2003-March 19, 2004).   Pointing to the ...

Has the tide turned?

21 May 2004, Published under Cement News

Six months of exceptionally high levels of ocean freight rates have finally brought the trading market back to the conditions that we regarded as normal, prior to 1997. Those who believed that cement trading had become a "global market" have been forced to accept that this is in fact a regional business, when average freight rates and FOB prices hold sway. The result of this adjustment, has been that importers have been forced to seek supply closer to home. In the Mediterranean/Black Sea ...