Cement News tagged: Trading
Liberia: implications of rice, cement tariff reduction
On 4th January 2013, Ellen Johnson Sirleaf, president, issued executive orders Nos 45 and 46 with immediate effect suspending tariffs on rice and cement. The intention is to ensure a simultaneous reduction in the market price of rice and cement. In the interest of national reconstruction and development the government decided to re-instituting the suspension of the protective tariff on ceme...
Tanzania: request to protect local cement firms declined
The Tanzanian government has again rejected local cement producers' pleas for an increase in the common external tariff on cement imports. Instead, the cement companies have been asked to calculate their genuine production costs so that the government can help them compete fairly with their foreign counterparts. The Minister for Trade and Industry, Dr Abdallah Kigoda, said in Dar es Salaam t...
INC call for tougher cement import controls in Paraguay
Paraguay’s Industria Nacional de Cemento (INC) has called upon the Ministry of Industry and Commerce (MIC) to require precertification of the quality of imported cement. The company said the large inflows of imported cement are damaging its sales on the domestic market. INC head Carlos Krüssel said that the cement producer had already asked the National Customs Directorate (DNA) for more co...
India: cement firms hit by high coal prices
Input cost pressures for cement manufacturers have lately been rising due to international coal prices gaining 4% MoM in December, 2012 to average US$90.8/t in the first week of December coupled with 0.6% rupee depreciation against the dollar during the same period, says a Shajar Capital research note. As of 30 November 2012, Richards Bay Coal (FOB) stood at Us$89.8/t while Newcastle stood at ...
Pakistan cement shows a growth of 3.43% in 5MFY 2013
Pakistan cement manufacturers and exporters during 5MFY 2013 showed a growth of 3.43% to raise total cement dispatches to 13.127Mt from 12.691Mt during the corresponding period of last year. The breakdown showed that local dispatches increased to 6.78% (9.484Mt), but exports declined by 4.38% (3.642Mt). However, in November alone, Pakistan's cement industry showed a growth of 17.47% on a YoY...
India imposes export barrier for Pakistani cement
India has made cement exports subject to a performance bank guarantee of US$10,000 to be supplied by exporters. In a letter issued by the Bureau of Indian Standards (BIS) to all foreign cement manufacturers, said cement exporters would have to submit this guarantee to qualify for exporting cement to the country. The move has not been welcomed in Pakistan which sees it as another nontarif...
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...