Cement News tagged under: Trading
High coal prices hurting20 February 2004, Published under Cement NewsThe high landed cost of coal into India is hurting the cement companies dearly. From US$35 per tonne early last year, the cost of imported coal has jumped to US$55 per tonne on account of increase in shipping freight and shortage of coal due to China stopping exports in view of high domestic demand. South Korea and Japan, which were procuring coal from China, are now procuring from Australia and Indonesia, thus triggering a shortage. A quick calculation reveals a Rs10 per bag hit for some Ind... |
Cartel hit for cement price increases19 February 2004, Published under Cement NewsPhilippines: the Department of Trade and Industry has been asked to re-evaluate its policies on the cement industry especially now that cement has undergone a series of unreasonable price increase over the past few months. According to officials, they have noticed a series of increases in cement prices over a short period of time and are surprised why the DTI is not stepping in to ensure that cement would remain affordable in the market. Only last December, Nograles, the House Committee on H... |
Egyptian cement exports12 February 2004, Published under Cement NewsEgyptian cement exports came in at 7.6Mt in 2003. Egyptian Cement Company exported the highest tonnages at 2.3Mt of cement and clinker (of which clinker was about 600,000t) which together was equivalent to 30.6 per cent of Egypt¹s total cement exports. Torah Cement reportedly was positioned the second largest exporter, selling 891,000t of cement overseas last year. |
Bamburi Eyeing Great Lakes11 February 2004, Published under Cement NewsBamburi Cement Limited is now eyeing the lucrative Great Lakes region. The company chairman, Richard Kemoli, said in Mombasa that the firm was exploring the possibilities of expanding its market to Rwanda and Democratic Republic of Congo (DRC). "We are aiming at broadening the market reach for our products that are internationally backed by the largest cement producing company - Lafarge," he said. Bamburi will this year be marking its 50th anniversary of operations in the country. Speak... |
Vietnam to import 4.5Mt of clinker10 February 2004, Published under Cement NewsTo meet the local demand for cement production this year, the country must import 4.5Mt of clinker, said the construction ministry. More than half of these imports will be needed in the first six months of 2004, with Viet Nam aiming to produce 26Mt of cement, 10 per cent more than last year. In 2003, the country imported 3.5Mt of clinker. |
Kenyan distributors in plea over cement sales09 February 2004, Published under Cement NewsLocal cement distributors have appealed for President Kibaki’s intervention in the cements market to stop on-going monopoly. A spokesman for the distributors, Mr Paul Njuguna, accused East African Portland Cement and the Ministry of Trade and Industry of negotiating with an unnamed distributor to force others out of the market. In a statement, Njuguna cited a government-sponsored restructuring of the company, which led to the removal of its monopoly in cement distribution in the country la... |
Cemex inaugurates Pichilingue terminal06 February 2004, Published under Cement NewsCemex is inaugurating the Mexican Pichilingue Marine Terminal, according to the company¹s president in Mexico, Juan Romero Torres. Pichilingue is situated north of La Paz, at the Gulf of California, southern Baja California. During its construction 150 jobs were directly generated and its operation guarantees formal work for over 30 people Source : El Universal 4 February 2004 (Spanish language) |
Cemento opens Bahia Las Minas bulk terminal02 February 2004, Published under Cement NewsCemento Panama has opened a US$6.5m bulk cargo terminal at Bahia Las Minas port in Panama’s Colon province, the presidency reported. Banco General and Citibank helped bankroll the terminal "Terminal Granelera Bahia Las Minas," which will move solid industrial materials, in particular clinker and other derived products. Panama’s cement consumption is 890,000t/y, of which 48 per cent belongs to Cemento Panama, which belongs to Corporacion INCEM whose principal shareholders are Holcim and Ceme... |
Chinese economy blamed for cement trade problems02 February 2004, Published under Cement NewsChina’s booming economy is claimed as responsible for the loss of 2Mt of Thai cement exports this year. It’s not the stronger baht, the artificially low Chinese yuan or the Chinese competing with Thai producers in cement. "China’s high growth has drawn in most ships and pushed up regional freight rates," said Chantana Sukumanont, senior vice president of Siam City Cement Plc, Thailand’s second largest cement producer. "The freight costs have doubled during the past few months, and the situat... |
Philippines’ DTI to reduce inspection period28 January 2004, Published under Cement NewsThe Department of Trade and Industry is contemplating on shortening the inspection period for imported cement to make it easier for imports to come in times of higher prices of locally produced cement. Trade and Industry Secretary Cesar V. Purisima issued the statement in light of the continued increases in the prices of cement. He said that by reducing the inspection period for imported cement, the supply of cement can easily be increased if prices of local cement are high. At present th... |