Cement News tagged under: trading
Cement import duty loss01 June 2005, Published under Cement NewsThe discontinuation of cement imports into Jamaica since the duty was raised to over 40 per cent early last year has deprived the treasury of potential import duty of about J$100m, Business Observer calculations suggest. For 2003, the year before the duty was imposed Jamaica imported some J$633.4 million worth of cement according to government statistics. Back then, the imported cement attracted duty of 15 per cent or roughly J$95 million. But Carib Cement, the sole manufacturer of the prod... |
Lafarge brings ’self-levelling’concrete to Canada27 May 2005, Published under Cement NewsA "self-levelling" concrete that’s new to North America will revolutionise the construction industry, its maker says, by eliminating many hours of back-breaking labour. Lafarge, a multinational building material company, says Agilia concrete is able to smooth itself into a flat and level surface. Lafarge invented Agilia in the late nineties and has used it for several years in Europe, but it’s new here. Onlookers at a demo yesterday at the company’s Moodie Drive plant were surprised by how ... |
Semen Padang sends cement to Banda Aceh25 May 2005, Published under Cement NewsAbout 1100t of cement produced by PT Semen Padang (West Sumatra) has arrived in Malahayati port, Aceh Besar. The cement arrived at Malahayati as requested by the factory distributor in Aceh, PT Yoga Wibawa. Before, the cement brought through Krueng Guekeuh, Lhoksemauwe. “This is the first time we brought cement to Malahayati. We will market the cement to Banda Aceh and Aceh Besar areas. We brought it to Malahayati to lower the distribution cost. But we will continue shipment to Lhoksemau... |
Italcementi launches new products20 May 2005, Published under Cement NewsITALCEMENTI, the investor in Bulgarian cement makers Devnya and Vulkan of Dimitrovgrad, is launching five new products of the Maestro series on the market for the new construction season. These include different types of glues and plasters for construction and feature higher quality. Since its entry in Bulgaria Italcementi Group has invested in new production capacities and products. Investment and maintenance costs this year are projected to exceed EUR 1 million. In 2004 the company develo... |
Saudi Arabia to cut cement import duties18 May 2005, Published under Cement NewsSaudi Arabia will cut duties on cement imports to five per cent from 20 per cent to help meet rising domestic demand, Saudi media said on Tuesday. The lower duty will not be introduced until January 1 2006. The cabinet agreed on Monday that the government will subsidise cement prices from May 17 until the end of the year so that the effect of the lower duties can be felt immediately, state media said. Cement shares on the Saudi stock exchange rose more than eight per cent last week, during... |
Export of Chinese cement18 May 2005, Published under Cement NewsThe total export of cement and cement clinker of the whole year out of China was 7Mt, a rise of 21.5 per cent on a year-on-year basis. The export mainly concentrated in North America, Asian countries, Hong Kong, Macao and Taiwan, accounting for 92 per cent of the total export. So far this year, exports of cement continued to get better, between January and February, the export of cement and cement clinker reached 1.6Mt, up by more than 80 per cent on a year-on-year basis. Insiders predicted ... |
Vassiliko Cement signs new sales contract with Interbulk17 May 2005, Published under Cement NewsCypriot cement maker Vassiliko Cement Works has signed a contract with Interbulk Trading SA, a subsidiary of French cement maker Ciments Francais, for cement sales in 2005, the company announced on May 16, 2005. Under the contract, Interbulk Trading will buy the quantities of Vassiliko cement which the company fails to sell on the Cypriot market in 2005. The cement will be sold in Italy and Spain where cement consumption has increased over the past years. The total value of the contract is ... |
Russian Antimonopoly Service launches investigation17 May 2005, Published under Cement NewsThe Russian Antimonopoly Service has launched the investigation of recent cement price growth. The Russian Antimonopoly Service is preparing an enquiry relating to Eurocement Group and construction organizations, the Russian Antimonopoly Service press service said. |
Qatar National will sell 2Mt in 200517 May 2005, Published under Cement NewsAs Qatar’s construction sector still faces supply problems, Qatar’s top cement producer Qatar National Cement Co (QNCC) intends to make available some 2Mt of cement in the local market this year. Besides boosting its cement output, QNCC is also ordering for fresh imports as Qatar’s construction boom has already tilted the demand-supply balance. QNCC expects to get some 60 incoming shipments by December, an industry source told Gulf Times on Thursday. Large ships that can carry up to 21,0... |
Kuwait Portland Cement Q1 200516 May 2005, Published under Cement NewsThe net profit of Kuwaiti cement trader Kuwait Portland Cement fell to 1.24 mln Kuwaiti dinars ($4.2m) in the first quarter of 2005 from 1.71 mln dinars ($5.8m) in the same period of 2004, the Kuwait Stock Exchange (KSE) reported on May 11, 2005. The company’s net profit for the first quarter of 2005 included a profit of 455,533 dinars ($1.6m) resulting from the application of the International Accounting Standards (IAS) 39 and 40, which state how proceeds from securities and property should... |