Cement News tagged under: Trading

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Cement Distributors dissatisfied

27 February 2004, Published under Cement News

Members of the Western Regional Branch of the Ghana Cement Distributors Association have expressed their concern at the frequent increases in the factory price of cement by GHACEM within the past three month. They said that since December 2003 the factory price of a bag of cement had been increased thrice from 37,350 cedis to 42,750 cedis as at February 24 2004. Mr. Kofi Afari Appiah, Chairman of the association flanked by other executive members said these increases were often made without ...

Minister is named in Sh1.3b cement scam

27 February 2004, Published under Cement News

Kenya: Cabinet minister Mukhisa Kituyi was yesterday implicated in a scandal which cost a parastatal Sh1.3 billion (approx US$16.8m) in illegal discounts and transport rebates.  The Trade and Industry minister was said by an MPs’ finance watchdog to have been at the centre of the shady deals in which East African Portland Cement, which falls under his docket, lost the money between 1999 and 2003.  As a result of the rip-off, the Government also lost Sh300 million over the same period in Valu...

Algerian import costs

27 February 2004, Published under Cement News

Cement imports into Algeria cost a reported US6.7m according to Algerian customs data. For the whole of 2003 cement imports cost US$156.85m. This increase is explained by the strong demand for cement notably after the earthquake of May 21st, 2003, and the ensuing major housing and infrastructural damage.

Ukraine cement production

25 February 2004, Published under Cement News

In January 2004, monthly cement production fell by 28.9 per cent or 148,000t to 364,000t compared with December 2003.  In December 2003, cement production rose by 77.7 per cent compared with December 2002, to 512,000t  For the whole of 2003 cement production rose by 24.7 per cent to 8,916,000t compared to the year 2002.  More than 15 enterprises produce cement in Ukraine, and their total annual capacity is reported at more than 20Mt.

High coal prices hurting

20 February 2004, Published under Cement News

The 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 increases

19 February 2004, Published under Cement News

Philippines: 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 exports

12 February 2004, Published under Cement News

Egyptian 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 Lakes

11 February 2004, Published under Cement News

Bamburi 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 clinker

10 February 2004, Published under Cement News

To 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 sales

09 February 2004, Published under Cement News

Local 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...