Cement News tagged under: Trading
Price rise reasons15 March 2004, Published under Cement NewsIndian ement prices have been rising mainly because of the demand-supply mismatch. February demand has gone up by 10 per cent, compared to about 5.5 per cent in all other months. With the government stepping on the gas for completing the Golden Quadrilateral project and the pre-poll fever, demand for cement has shot up, KC Jain, senior president, Vasavadatta Cement, indicated. Inability of the railways to provide wagon supplies to the extent anticipated by the industry and the limits imp... |
Nigerian price debate15 March 2004, Published under Cement NewsThe high cost of production, falling local naira currency, poor production facilities in many cases and now the recent rise in freight charges have been blamed as reasons for the escalating prices of cement, which in the last six months has gone beyond the reach of Nigerians According to Mr. Knut Ulvmeom, Group Managing Director, Dangote Group, Nigeria at the moment consumes a total of 10Mt annually out of which a total of 8Mt are imported. He said only 2Mta are produced locally. He said... |
Levy on Turkish cement approved10 March 2004, Published under Cement NewsThe Israeli Knesset Finance Committee today approved an order by Minister of Industry Trade and Labor Ehud Olmert to impose a levy of US$5.83 per ton on the dumping prices of imported Turkish cement. The levy is intended to protect Nesher Israel Cement Enterprises from cement imports at dumping prices. The Finance Committee stated that following negotiations with the Turkish government, an agreement was reached, under which Turkish cement producers who pledge not to sell cement to Israel at ... |
DTI puts pressure on local cement producers10 March 2004, Published under Cement NewsSeriously doubting the ability of local cement players to reduce prices, the Department of Trade and Industry (DTI) has decided to finally impose the P5 reduction of the P20.60 safeguard tariff on per bag of imported cement as well as reduced the number of inspection period for such imports from 28 days to 7 to 14 days to facilitate supply and counter the high prices of local cement. This twin measure was revealed by Trade and Industry Secretary Cesar V. Purisima to reporters at the sideline... |
Import duty cut on coal04 March 2004, Published under Cement NewsThe Indian government’s move to slash import duty on coal to arrest spiralling steel prices has an unintended beneficiary: the cement industry. Larsen & Toubro and Gujarat Ambuja Cements, two of the larger cement producers with shore-based facilities which rely on imported coal, are set to witness a reduction in manufacturing costs, especially at a time when international coal prices have hit a five-year high. Late last week, the Union finance ministry issued notifications for reducing custo... |
Saudi exports down demand up03 March 2004, Published under Cement NewsAccording to Al-Riyadh newspaper (March 1, 2004), official statistics revealed that the total cement exports of the Kingdom of Saudi Arabia decreased to 1.8Mt in 2003, down from 2.8Mt in the previous year. Only three companies out of the operating cement companies in Saudi Arabia managed to export last year including the Saudi Cement Company (1.1Mt), the Eastern Province Cement Company (498,000t) and the Southern Cement Company (212,000t). Meanwhile, cement demand in Saudi Arabia stood at 22... |
Mumbai cement prices02 March 2004, Published under Cement NewsRetail cement prices in Mumbai may rise by Rs 5 per 50 kg bag, while the prices in Gujarat are likely to jump up by Rs 10 per a 50 kg bag. While prices in Mumbai will stand at Rs 173-175 after the increase in price, a 50 kg bag in Gujarat is expected to be quoted at Rs 160. Domestic cement majors are pushing for this price hike from March 1 on the back of a steady demand. Cement analysts expect the price hike to be implemented in other parts of Maharashtra by the first week of March. Senio... |
Belarusian cement to Finland01 March 2004, Published under Cement NewsThe state-run Belarusian cement plant, Mogilev oblast, has supplied the first 500-ton consignment of the cement of the highest standard ³550² to Finland. Specialists of a Finnish company visited the plant, took samples of the cement and tested them at their laboratories. They were satisfied with the quality of the Belarusian cement. This is why the sides reached a preliminary agreement on further cooperation. According to plant officials, Finland has become the fifth country to import Belarus... |
Cement Company contract denied01 March 2004, Published under Cement NewsNairobi: A parastatal boss has denied responsibility for a multibillion-shilling contract signed with a cement dealer last year. Lawyer Desterio Oyatsi, for East Africa Portland Cement, yesterday told High Court judge Leonard Njagi the contract in dispute had been signed by acting managing director E.C. Birya without the knowledge of the company and its board. The court heard that the former MD had breached his duties and that, according to the present MD, Ms Mary Wairimu Ngari, the agreemen... |
IFCD buys cement from black market01 March 2004, Published under Cement NewsSidetracking the practice of procuring its required quantity of cement from the Cement Corporation of India, the state irrigation and flood control department, IFCD has purchased 5000 cement bags from a private firm shelling out Rs62 extra per bag. According to a source, normally the IFCD meets its requirement for cement by purchasing from the Cement Corporation of India at the rate of Rs195 per bag including sales tax but the flood control division No 2 of the department has recently purchas... |