Cement News tagged under: Trading
DTI readies profiteering charges, Philippines23 January 2010, Published under Cement NewsThe Department of Trade and Industry is preparing to press profiteering charges against cement industry players following the collection of evidence that they have overpriced their cement. Trade Secretary Peter Favila declined to name which specific players would face profiteering charges, saying only that these were not only confined to retailers and distributors, but also included manufacturers. “We’ll file charges against them, but only against those that we have evidence [backing up ou... |
FTC approves a partial cartel, South Korea22 January 2010, Published under Cement NewsIn an extremely rare decision, Korea’s antitrust agency partially approved a request yesterday to allow several hundred small and midsize ready-mixed concrete companies to form a cartel. The Fair Trade Commission said it would let the companies jointly manage product quality and conduct research and development for the next two years. The commission said it approved the request to help concrete companies overcome the economic downturn and to promote restructuring within the industry, though... |
Philippines: cement shortage over, says DTI18 January 2010, Published under Cement NewsThere is no more shortage of cement but there are still reports that it is being sold above the suggested retail price of P205 to P210 per bag, the Department of Trade and Industry (DTI) said. “So far supply is no longer a problem. Looks like cement is out We don’t know where it came from but it is out and is in the market right now,” Trade Undersecretary Zenaida C. Maglaya said yesterday. According to Maglaya, they called 29 retailers and dealers who were reported to have been selling ce... |
Pakistan prices rise ahead of peak season15 January 2010, Published under Cement NewsAhead of the peak construction season (February to August) Pakistan cement prices have climbed up in the local market, Daily Times reported. Retailers and dealers said that local cement prices have started to rebound gradually and are up by Rs 10 to 15 per 50kg bag from last week. The 50kg cement bag is currently available in the band of Rs 250 to 260 in the northern region as compared to Rs 240 to 245 last week and Rs 290 to 300 in the southern region, they said. |
Gov’t to extend zero duty of cement imports15 January 2010, Published under Cement NewsThe Philippine government is keen on extending for the second time a zero-duty importation of cement and wheat to ease the tight supply situation and rising prices of these two commodities. Trade and Industry Undersecretary Zenaida C. Maglaya said the recommendation was for another six-month extension of the duty-free importation of cement and clinker and milling wheat. The first extension of the six-month duty-free importation of milling wheat and cement expired last Tuesday, January 12. ... |
Lafarge imports cement to boost stocks, Philippines14 January 2010, Published under Cement NewsLafarge Cement has imported 7,300t of cement from Taiwan as contingency supply while its cement line in its Bulacan plant undergoes annual maintenance work. Cirilo M. Pestano, vice-president for communications of Lafarge Cement Services (Philippines) Inc., said the Department of Trade and Industry has advised them the shipment, which arrived last Tuesday, January 12, could no longer take advantage of the zero tariff privilege and therefore be slapped with the regular most nationa tariff of ... |
DTI tags stores in drive to rein in cement prices13 January 2010, Published under Cement NewsThe Philippine Trade department has begun bolstering efforts to rein in cement prices, yesterday naming establishments which could be sanctioned for selling above suggested levels. The firms have been ordered to surrender delivery receipts from their dealers, which a Trade official said would held identify which wholesalers were jacking up prices. The department announced last week that it would crack down on retailers, dealers, and manufacturers that unduly hike cement prices or hoard sup... |
CeMap says DTI’s guide prices not mandatory13 January 2010, Published under Cement NewsThe Cement Manufacturers Association of the Philippines (CeMAP) yesterday said it welcomes the publication by the Department of Trade and Industry (DTI) of guide prices of cement but noted these prices are not mandated. But CeMAP said there should only be one guide price for the product. "(CeMAP members) agree with the DTI objective of stabilising cement prices and will support DTI in all the practical steps to achieve this," said CeMAP president Ernesto Ordonez. The advertisement of the ... |
Philippines: decision on price caps to be made on Friday07 January 2010, Published under Cement NewsThe Trade department will decide this week whether cement price controls are needed after observing cases of profiteering, Secretary Peter B Favila yesterday said. Cement manufacturers, meanwhile, bucked the plan to impose caps, saying their cooperation with the government should be enough to prevent retailers from unreasonably jacking up prices. "By Friday, I’ll be able to make a decision on [whether to recommend] price control," Mr. Favila said in a telephone interview. "Retailers... |
Bangladesh sees potential in Myanmar for exports07 January 2010, Published under Cement NewsBangladesh producers see Myanmar as potential destination for their products as huge development work is taking place in the states close to Bangladesh-Myanmar border. One local cement-maker – Premier Cement – has already started shipment of the building material to Myanmar, while the others are either in the negotiation or planning phases to export the item. Currently, around five local cement-manufacturing companies are also exporting cement to India in a bid to expand export market and ... |