Cement News tagged under: trading
Philippines cement makers want extra import tariff kept09 December 2004, Published under Cement NewsThe Cement Manufacturers Association of the Philippines, or Cemap, has asked the government to extend by another four years the so-called safeguard tariff imposed on imported cement to ensure the viability of the local cement industry. Cemap President Felix Enrico Alfiler told reporters that cement makers have asked the Department of Trade and Industry, or DTI, to extend the tariff of PHP15.60, imposed on every 40-kilogram bag, by four years when it expires Friday. "We want it exte... |
Vietnam to Face Possible Cement Crisis06 December 2004, Published under Cement NewsVietnam may face a serious shortage of cement in the near future due to increasing demand and slow implementation of cement projects nationwide, according to the head of Construction Material Management Department under the Ministry of Construction (MoC), Nguyen Quang Cung. MoC earlier had forecasted that Vietnam would face a shortage of 8.7Mt of cement next year and 6-8Mt each year over the next couple of years. The slow construction of cement plants is mainly due to lack of capital p... |
Parliament OKs 41% cement duty; CCC to invest, Jamaica03 December 2004, Published under Cement NewsJamaica’s parliament has approved the 40.8% duty on imported cement, clearing the way for Caribbean Cement (CCC) to carry out the postponed US$100m capital investment in its Kingston plant, the Jamaica Observer reported. CCC filed for protection in September 2003 with Jamaica’s anti-dumping and subsidies commission, saying it was being hurt by imports and needed to be protected while it upgraded its plant, BNamericas previously reported. The plant upgrade plan comes in anticipation... |
Eurocement Group discloses cement output01 December 2004, Published under Cement NewsIn Jan-Oct 2004 Eurocement Group produced over 8Mt of cement 2004, a 13.2 per cent increase against the figure posted in the same period 2003, the company’s press service said. |
Cement firms yet to capitalise on Gulf demand01 December 2004, Published under Cement NewsNorthern Pakistan manufacturers have not been able to capitalise on rising cement demand from the UAE and other Gulf states as they are not quoting competitive prices which they claim is on account of high costs of transportation and lack of bulk handling facilities, industry officials said. Demand for cement is continuously rising in the Gulf states for the last five months but only a few of Pakistan’s cement manufacturers have been able to strike export deals for the region and that too no... |
Mitsui to pull out of cement business30 November 2004, Published under Cement NewsMitsui Japan has decided to withdraw from its cement business because of poor earnings prospects, The Nihon Keizai Shimbun learned Monday. The major trading house plans to stop doing business with Taiheiyo Cement Corp and Denki Kagaku Kogyo KK in such areas as domestic sales and exports of ready-mixed concrete. The firm is also considering divesting its stakes in joint ventures that do business in such countries as China. Mitsui generates annual revenue of 45 billion yen (US$438.4m) from its ... |
Mexico cement output up 4 per cent Jan-Oct30 November 2004, Published under Cement NewsCement production in Mexico rose 4.16 percent in the first 10 months of the year on strong demand from a buoyant housing sector and expanding public works amid an economic expansion. According to figures released on Monday by the National Cement Chamber, output in the January-October period grew to 27.7Mt up from 26.6Mt in the same period a year earlier. In the third quarter, Mexico’s economy grew 4.4 percent, its fastest year-on-year pace in almost four years. |
Cement units demand withdrawal of freight rates hike, India29 November 2004, Published under Cement NewsThe Cement Manufacturers’ Association of India has demanded immediate withdrawal of the hike in railway freight rates, saying the hike would lead to unsustainable increase in production cost. In a statement, the CMA Secretary General, E. N. Murthy, said that the present increase in railway freight would impose a further unfair burden on the cement industry and needs to be immediately withdrawn. He also said that cement was one of the highly taxed commodities with over 80 per cent of... |
Railways raises coal freight rates25 November 2004, Published under Cement NewsDue to high fuel costs, state-run Indian Railways has raised the freight rates on a range of goods including cement, iron ore and coal. The maximum freight rate hike of 7.7 per cent has been effected on transportation of coal and iron ore, while the rate on cement will go up by 3.7 per cent. The freight rates on limestone, manganese ore, bauxite and clinker have also been raised. Indian Railways will earn an additional INR4bn (US$88m) for the financial year ending in March 2005 due to the f... |
China’s export of cement in September25 November 2004, Published under Cement NewsChina exported 750,000t of cement valued at US$23.666m in September 2004. The export in January-September reached 5Mt valued at US$164.821m, up 24.6 per cent and 27.9 per cent respectively year on year. |