Cement News tagged under: Trading
Ethiopia to import 150,000t of cement06 January 2011, Published under Cement NewsAccording to the Head of Ethiopian Roads Authority (ERA), Ziad Wolde Gabriel, the first ship carrying cement has arrived at Djibouti Port. He made the statement at a consultative meeting the authority made with local contractors Ghion Hotel, yesterday (January 4, 2011). He also indicated that within two months two government-owned cement factories (Mugher and Messebo) will resume production by scaling up their production capacity. When both start production along with the imported cement ... |
UAE price falls reported03 January 2011, Published under Cement NewsPrices of basic building materials in the UAE domestic market declined significantly in November, according to Statistics Centre Abu Dhabi. Prices of cement, construction steel and wood declined, while the prices of a wide variety of other building materials remained relatively stable. However, a rise was noted in the prices of some other items, including, electrical cables and wires and PVC pipes. “The downward trend in the building materials market can be attributed to a steady ri... |
Freight hike seen denting margins 1-2%03 January 2011, Published under Cement NewsThe 4% hike in freight charges for cement, proposed by the Indian Railways, is expected to result in a 1-2% hit in the operating margins of cement makers. The blow comes just as the industry has had to roll back the price-hike in the northern Indian market due to lack of demand. “The increase impacts us by Rs2 per bag. At present, the market is bad. Thus, we are absorbing the cost. May be after sometime we will be able to pass it on,” H M Bangur, managing director of Shree Cement, said. Th... |
India: expect Ambuja Cements to test INR115-11301 January 2011, Published under Cement NewsEdelweiss Research is of the view that momentum and trend oscillators of Ambuja Cements are indicating a decline in coming weeks. It expects the stock to touch INR115-113 (US$2.52-2.47) levels on the downside. "After breaking down from a ’bearish head & shoulder’ pattern, the price action of Ambuja Cements has taken a halt, making a continuation triangle consolidation pattern. The stock has also given a breakdown of the long-term uptrending channel confirming the corrective move. Momentum... |
Cement imports from Pakistan fall31 December 2010, Published under Cement NewsCement imports from Pakistan into India are on a decline, thanks to the non-renewal of their quality licence by the Bureau of India Standards (BIS). In the July-November period this year, Pakistan’s cement exports to India were down by 34 per cent to 183,026t. In 2009-10 (July-June), Pakistan had exported 722,967t. Pakistani cement companies are required to obtain quality certification from the BIS. Between 2007 and 2008, BIS had granted a quality licence to 22 Pakistani cement companies. H... |
Blockades on the line31 December 2010, Published under Cement NewsSome regional Indian cement manufacturers are expressing concern as the agitating local Gujjars continue to block major railway lines in Rajasthan. The blockade on Jaipur-Delhi, Delhi-Mumbai and Jaipur-Udaipur routes has severely affected the dispatches of Rajasthan-based cement units. This is going to make serious dent in their respective market shares, especially in the northern markets. Companies fear long-term business losses as cement makers based at locations other than Rajasthan may ... |
Philippine rulers pushed to cut cement tariffs30 December 2010, Published under Cement NewsThe Philippine Trade Department is again trying to get the Presidential Palace to eliminate tariffs on imported wheat and cement while Congress is in recess in a bid to lower product prices, a ranking official said. Flour millers have had to pay a 3-5% levy on wheat starting Aug. 26 after Executive Order 863, which temporarily brought down this tariff to zero, lapsed. Cement tariffs likewise reverted to 3-5% after EO 862 expired. Some local cement prices, meanwhile, have increased by 2.6% ... |
Meanwhile, Bangladesh eyes cement imports from Vietnam27 December 2010, Published under Cement NewsMohammed Amirul Haque, director of Premier Cement Co, has said that since there was a construction boom in Bangladesh, the demand for cement and clinker was high, but domestic production met only 15 per cent of it. Bangladesh imported 10-15Mt of cement and clinker a year at a cost of US$500 million, and this was forecast to double in the next few years, he told Dau Tu (Vietnam Investment Review). Peakward Enterprises Hong Kong has been facilitating cement and clinker exports from Vietnam ov... |
Lafarge extends transport contract with Europorte21 December 2010, Published under Cement NewsLafarge has renewed for three years its transport contract with Europorte, a unit of Channel Tunnel operator Eurotunnel. Under the current agreement, signed three years ago, Europorte organises four transfers weekly between Dunkirk and Le Havre and provides unloading of trains at Lafarge’s cement plant located in Le Havre. Europorte carries slag, a raw material for producing cement, between the site of French company Moulins du Littoral in Dunkirk and the Le Havre site of Lafarge. |
Lafarge eyes supplying Mozambique market07 December 2010, Published under Cement NewsLafarge Zimbabwe has set its sights on increasing exports to the Mozambican market and has already completed the formalities to supply the northern parts of that country under the Sadc (South African Development Community) rules of origin. The company is targeting to export a total of 50,000t to its two export markets – Mozambique and Malawi. With cement being a controlled product in Zimbabwe, Lafarge has to obtain a specific export licence first from the Ministry of Industry and Commerce ... |