Cement News tagged: Trading
Paraguay’ INC plans to increase cement prices
Industria Nacional del Cemento intends to raise the price of cement to offset its high production costs. While no official figure has been released yet, data indicate that the company is currently suffering a PYG6000 loss for each bag it produces. Carlos Kruessel Llano, INC president, said that a detailed study of cost composition would be made before a new price level would be announced.
Holcim increases cement price 6.6% in Mauritius
Holcim has announced a rise in its cement prices in Mauritius. Customers will pay MUR211.60, up from the current MUR198, representing an increase of 6.6 per cent. The increase will cover both OPC and Ecocem. Bulk cement prices will reach MUR4163/t, ex-works. Holcim (Mauritius) has attributed the cost due to an increase in fixed costs as well as “improving Ecocem, which passes into a higher str...
India: cement dealers in the state will go on an indefinite strike
The agitation, spearheaded by Kerala Cement Dealers Association, is likely to severely affect infrastructural development activities in the state. A ccording to the association State president Sojan Scaria, the State government had unnecessarily included cement among notified goods even when there was no shortage of cement. As a result, cement dealers have had to shoulder additional burden...
South Africa: Vietnam cement imports investigated
The National Regulator for Compulsory Specifications (NRCS) has confiscated some sub-standard cement imported into South Africa from Vietnam and is investigating complaints lodged about the quality of two other imported brands. Daniel Ramarumo, a NRCS spokesman, confirmed yesterday that it had received complaints from NPC-Cimpor about Vietnamese cement, which was “later confiscated by the reg...
Pakistan: Building material costs to rise
While local Pakistani companies are anticipating a rise in building materials costs over the next year, their counterparts in Iran are already experiencing a hike of up to 30 per cent under the pressure of trade sanctions. Cement prices have increased by 20 to 30 per cent in Iran this year compared to the year before. It's because of energy, transport and supply costs but most of all because ...
Hike in Algeria’s cement import bill
Cement imports into Algeria rocketed by 86 per cent in terms of value during the first nine months of 2012, rising from US$102.1m to US$190.4m, said the National Centre of Informatics and Statistics (CNIS). The increase – from 1.104Mt to 2.076Mt – can be attributed to the high demand for cement, particularly during the dry season (March to August). The supply deficit is estimated at more th...
Cosmos ships 36,000t of clinker to Brazil
Cimpor-owned Cosmos Cement will be shipping 36,000t of clinker from its Spanish Toral de los Vados works to the Brazilian town of Recife. The shipment, which started loading on Monday is the first of the new Langosteira terminal.
Ohorongo sounds alarm over cement imports
If infant industry protection cement imports are not left in place, an investment of more than NAD2bn (US$241m) in the Namibian economy and hundreds of jobs created in the process could be at risk, according to Hans-Wilhelm Schuette, Ohorongo Cement’s managing director. The statement comes in response to the latest stage of a case before the Windhoek High Court in which Chinese-owned Jack’s...
Texas Industries asks Commerce to probe Greece, Republic of Korea imports
Texas Industries, through its subsidiary TXI Operations, submitted a letter on 24 August 2012 to the Department of Commerce and the Interagency Trade Enforcement Center, asking that Commerce self-initiate anti-dumping and countervailing duty investigations of "unfairly priced" Portland cement from Greece and the Republic of Korea into the Texas region, USA. TXI believes that imports from Gre...
Pakistan cement industry earns US$46m from exports in July 2012
Pakistan's cement manufacturers and exporters exported 545,125t of cement and earned US$46.197m in the first month of current FY12-13, ie July 2012, compared to 612,500t at US$52.064m in June 2012. This reflects a fall of 11 per cent and 11.27 per cent in terms of quantity and value in dollar, respectively, on a MoM basis, according to data released by the government’s Federal Bureau of Sta...
Pakistan loses Afghan cement market share to Iran
The declining trend of cement exports continues to worry Pakistani manufacturers as cement exports to Afghanistan have plummeted by 10 per cent annually, owing to availability of cheaper Iranian cement there. The industry said that the energy crisis and constant hike in petroleum products have made its product uncompetitive even in the neighbouring country, the main purchaser of cement from ...
Chettinad plans to delist, India
The promoters of Chettinad Cement Corporation are making a voluntary offer to the company's public shareholders to delist the shares from stock exchanges. The stock is currently listed on the National Stock Exchange and Madras Stock Exchange and in the permitted securities category of the Bombay Stock Exchange. The board is meeting on Tuesday to consider the delisting proposal, the Econo...
Dangote plans London listing by 3Q13
Aliko Dangote said on Thursday he was aiming to list his US$11bn cement company on the London stock exchange by the third quarter of 2013. "If the market is good by next year, we will hit the market, sometime. Maybe third quarter ... we will try," Reuters reported him as saying on the sidelines of the World Economic Forum in Addis Ababa.
Concerns over price hikes, Trinidad & Tobago
The Trinidad and Tobago Manufacturers' Association has expressed concern of a 19-21 per cent rise in prices. The situation is affecting the TTMA's members and severely hampering the construction industry, Trinidad Express Newspapers reported a spokesperson saying. In a May 2 circular to contractors, TCL announced price increases between 19 and almost 21 per cent on all types of cement, a...
Guyana: consumers urged not to buy cement at inflated prices
Acting Commerce Minister Irfaan Ali is advising consumers not the pay the increase in what he has described as extremely inflated prices for cement in Guyana. According to the minister a price of GYD1395 (US$6.90) has been agreed upon for the retailing of this commodity and any distributor selling above this will be prosecuted. Speaking at a press conference held in light of the recent i...
India: cement closures called in Rayalaseema
The Rayalaseema Rashtra Samiti, an organisation based in Proddatur of Kadapa district, has given a closure call for all cement factories in the four Rayalaseema districts on 23 May if the price per bag is not reduced to INR150 (US$2.80) from the current INR330 (US$6.24). Samithi president Kuncham Venkata Subba Reddy has sent out notices to the cement factories and also written a letter to Pr...