Cement News tagged under: trading
Italcementi gets into shipowning13 May 2005, Published under Cement NewsItalcementi, a publicly listed cement maker, is poised to enter the handymax bulker market as an owner. It wants to acquire at least one vessel to serve its Atlantic business carrying cement and petcoke between the Mediterranean and the US. The Bergamo-based manufacturer is making the move because of surging bulk-shipping rates that have pushed up costs and limited its options with respect to the charter of ships. Its decision to acquire handymaxes comes after taking delivery in April of... |
Pleven Cement keeps prices unchanged11 May 2005, Published under Cement NewsBulgaria’s Pleven Cement will not raise its prices, despite higher demand, CEO Strahil Yanchev told local news sources. The weather this winter was good and did not suspend construction works, which helped increase sales, he explained. Pleven Cement posted a profit of BGN 1.1 million for the first quarter of 2005, which shows improved financial performance compared to the year-ago period. The company sold 12,000t more cement than planned. In the summer, sales are expected to rise by 15%. As... |
Azores cement sales down11 May 2005, Published under Cement NewsCement sales in Portugal’s autonomous region of the Azores Islands registered a 2.2 per cent year-on-year decrease to a total 27,496t in March 2005, data from the Azores regional statistics office SREA showed on May 9, 2005. Sales of cement in the region totalled 30,022t in March 2004, SREA added. On the other hand, cement imports in the Azores region grew to 16,541t in March 2005, compared to 10,945t in the same period a year ago. As the Portuguese News Digest reported on April 11, ... |
Iran to capture Afghanistan’s cement market06 May 2005, Published under Cement NewsIran is likely to capture the market in Afghanistan in the next two years according to local press reports in Pakistan. Iran with one of the most economical rates of the commodity was the likely top exporter to the war-shattered country. Iran, it added, was planning to double its cement production apacity to 40Mt and the country is the cheapest cement producer across the globe. This might hit Pakistan’s cement exports not only to Afghanistan, but also to all Middle Eastern countries that ar... |
Vietnamese cement sales rise again04 May 2005, Published under Cement NewsVietnam sold 2.9Mt of cement last month, bringing the total it has sold in the first four months of this year to nearly 9Mt, a Government market managing group has reported. Despite the huge demand for cement, the selling price of this construction material has remained stable at 725,000-760,000 VND a tonne in the northern market and 840,000-930,000 VND a tonne in the southern market. Experts predict that the price of cement will not increase in May despite the high prices of constituent m... |
Indian leading April shipments up04 May 2005, Published under Cement NewsAditya Birla group, India’s top cement producing group, said on Tuesday April cement shipments rose 9.8 per cent from a year ago to 2.48Mt. The Birla group comprises of flagship Grasim Industries Ltd, which sold 1.19Mt last month and UltraTech Cement Company Ltd, which shipped 1.29Mt. Gujarat Ambuja Cements Ltd, India’s third-biggest cement maker, said on Tuesday April shipments rose 4 per cent from a year ago to 1.145Mt. In a statement, the Bombay-based company said production totalled 1... |
Kuwaiti Shuaiba Paper 2004 sales04 May 2005, Published under Cement NewsKuwaiti paper bag manufacturer Shuaiba Paper Products generated a total 6.8 mln Kuwaiti dinars ($23.3m) in sales in 2004, registering a 17 per cent year-on-year increase, it was reported on May 1, 2005. Exports accounted for 74 per cent of the company’s total sales in 2004. Shuaiba Paper Products reported an operating profit of 594,320 dinars ($2.0m) in 2004, compared to an operating loss for the previous year, the company’s chairman, Mohammad Abdulaziz al-Bahar, said speaking at the c... |
Votorantim Cementos Invests in distribution centre03 May 2005, Published under Cement NewsBrazil’s industrial group Votorantim’s cement production arm, Votorantim Cimentos, invested 4.5 mln Brazilian reais ($1.8m) in a distribution centre in Salvador, in the northeastern state of Bahia. The centre, which will distribute Votorantim’s production to 700 points-of-sales in the state of Bahia, is expected to lead to an improvement of the company’s results by between 20 pct and 25 pct. Votorantim Cimentos registered sales of 4.8 bln reais ($1.882bneuro) in 2004. According to the com... |
Cement prices continue to rise03 May 2005, Published under Cement NewsThe price of cement in Saudi Arabia continues to rise unchecked as demand pushes up against supply limits. The price of a bag of cement in Jeddah has increased from around SR11 to SR18 per bag over the last month. In just one day — Monday — the price rose again to SR19, reflecting a rising desperation amongst construction firms for supplies. In Gonfotha, the price of one bag of cement reached SR25 per bag. Many construction businessmen complained about the high price saying that SR25 per bag... |
Significant hike in cement prices likely03 May 2005, Published under Cement NewsIranian cement prices are likely to increase by 15 per cent within the next few days, fueling speculations that indices for the product on the stock market would react positively to the move. Managing director of West Cement Company told Fars News Agency that indices are expected to go up drastically. “Once the increase in prices is ratified by the Ministry of Industries and Mines, cement companies listed on the stock market would experience a huge boost in shares,“ Mansour Qadami added. He ... |