Cement News tagged under: Trading
CMS Cement raises price by 5% for dealers in Sarawak, Malaysia02 August 2011, Published under Cement NewsSarawak’s sole cement manufacturer CMS Cement Sdn Bhd has raised the price of Portland cement to cement dealers across Sarawak by RM15/t (US$5) or five per cent. CMS Cement is a a wholly-owned subsidiary of Cahya Mata Sarawak Bhd. The price increase was “unavoidable” in view of the continuously increasing costs of raw materials and bunker fuel, CMS said in a statement yesterday. According to the company, the price hike was its first in three years. |
Vietnam ministry to raise export duty29 July 2011, Published under Cement NewsThe Vietnamese Ministry of Finance has decided to delay the initial plan to raise export duties for steel and cement in an effort to help the sectors. Steel and cement businesses are struggling with rising input costs and slow sales amid high lending interest rates, the Phap luat Thanh pho Ho Chi Minh newspaper reported Thursday. Price of building materials including steel and cement are showing signs of declining after surging early this year, leaving many businesses grappling with the inc... |
Kinshasa prices fall, DR Congo26 July 2011, Published under Cement NewsThe price of a bag of 50kg cement in Kinshasha, the capital city of the DR of Congo, has experienced a significant decline for nearly a month. A bag of 50kg of grey cement, which sold for CDF18,000 in May 2011, sells for between CDF11,000 and 12,000, a decrease of CDF7000. This significant decrease is due to the authorisation by the government through the Ministry of National Economy, of grey cement imports from China, Egypt, Nigeria which are the main suppliers of this strategic product. |
UAE: price of building materials rise25 July 2011, Published under Cement NewsA lack of supply and increasing demand is pushing up prices of building materials in the UAE, according to the latest statistics released by Abu Dhabi government. The numbers, released by the Statistics Centre Abu Dhabi (SCAD) yesterday, showed that the price of some building materials had surged in June compared to a month earlier. In all, SCAD reported rises in the average prices of 15 out of 21 building material groups during the second quarter of 2011 compared with the second quarter ... |
Price hikes attributable to power shortages, Ghana18 July 2011, Published under Cement NewsMinister for Trade and Industry, Hannah Tetteh says the high cost of cement in the country is not due to the high cost of production, because the ex-factory price of cement has not changed since August 2009. She attributed the high cost to demand which has been on the high side, and the drastic power outages which affected the smooth production and supply of the commodity. Ms Tetteh disclosed this in Parliament yesterday when responding to a question on the cause of the short supply of ... |
Holcim raises Luzon prices 6%, Philippines13 July 2011, Published under Cement NewsHolcim Philippines, Inc has raised by six per cent, or roughly PHP10/40kg bag in the Luzon area. The firm cited in a statement Wednesday costlier coal, used as fuel of its factories, as the reason for the increase. The higher price, Holcim said, “is still within the suggested retail price submitted to the Department of Trade Industry (DTI) in July 2010." Its previous increase was last October. Holcim said it “held off any price increases since last year to help the public cope with ri... |
Vietnam Cement Association yet to approve price rise12 July 2011, Published under Cement NewsThe Price Management Department under the Vietnamese Ministry of Finance has turned down the proposal of local cement makers to increase cement prices, office manager of the Vietnam National Cement Association Nguyen Van Diep said. The new cement price hike is not appropriate at this time, Diep added, explaining that the input prices, including power, petroleum and coal have not surged since April, the Giao duc Vietnam online newspaper reported Jul 9. The loss of Vietnam Cement Industry Co... |
India: June quarter expected to be a mixed bag for cement majors08 July 2011, Published under Cement NewsThe volume-wise performance of the top three domestic cement players, namely ACC, Ambuja Cements and UltraTech Cement YoY for the April-June quarter is expected to be a mixed bag, says ICICI Securities. While ACC Cement will project a 12% growth, UltraTech and Ambuja Cement are expected to witness 2-3% volume decline. However, volumes are likely to pick up after monsoon and festive season, says the firm. Overall, cement majors are expected to see flat growth of 2% for the quarter owing to ... |
Swiss firm cancels Gaza flotilla group’s cement order07 July 2011, Published under Cement NewsA Swiss firm has cancelled a 3000t cement order by activists involved in the aid flotilla for Gaza largely thwarted by the Greek authorities, Swedish activists said Wednesday. In an email to the "Ship to Gaza Sweden" campaign dated Tuesday, Interbulk Trading cited the Greek foreign ministry ruling banning vessels bound for Gaza leaving its ports. "Therefore, due to force majeure we cannot deliver the cement and we are going to send back to your account the €25,200 we received as an advance... |
Dominican Republic cement makers again slam Jamaica import07 July 2011, Published under Cement NewsDominican Republic’s cement makers associated in Adocem denounced Jamaican cement being sold without undergoing the required tests for quality and without the Public Works Ministry (PWM) permit, as RTD norms strictly stipulates for cement import and production. It cited the attempt to irregularly import and sell Type 1 cement from Jamaica a few months ago, which spurred a Consumer Rights Institute (ProConsumidor) resolution banning it until it complied with the RTD, a measure Adocem affirms... |