Cement News tagged under: Trading
East Africa: ‘Return import tariff on cement or we close down’29 November 2009, Published under Cement NewsThe East African Cement Producers’ Association wants the 35 per cent tariff for imported cement products restored to save the sector from collapse. According to EACPA chairman David Njoroge, there should be a $50 per tonne charge to supplement the 35 per cent tariff but the higher of the two should be charged. “The specific rate has been proposed to counter dumping and subsidies by the exporting countries as well as the under invoicing of cement at the ports of entry,” he said. The associ... |
Philippines: no need to extend executive order lifting tariff25 November 2009, Published under Cement NewsPhilippine manufacturers assured the government that there will be stable supply and prices of cement in the country so there is no need to extend the executive order (EO) temporarily eliminating the tariff on imported cement. Ernie Ordoñez, president of the Cement Manufacturers Association of the Philippines (Cemap), said the industry is more than prepared to supply the expected increase in domestic requirements with the reconstruction and rehabilitation efforts going on. “We have more th... |
Indonesia Trade ministry finds illegally imported cement23 November 2009, Published under Cement NewsIndonesia’s directorate of goods and services of the ministry of trade on Monday found 21,380 sacks of imported Chinese cement suspected not meeting Indonesian national standard. Goods and Services Control Director Inayat Iman suspected that three regulations had been violated by the owners of the cement which entered the country through Tanjung Priok port. The three regulations are trade ministerial decree No.14/M-DAG/PER/3/2007 on standardization of trading services and Indonesian nation... |
Kenya: Cement Makers Seek Protection Against Imports10 November 2009, Published under Cement NewsCement manufacturers in the region face an uphill task convincing governments to throw another blanket of protection around their businesses as landlocked countries add their voices to calls by consumers to allow in more imports. The countries are presenting a firm call, saying they are frustrated by the high cost of the commodity. While the East African Business Council (EABC) is campaigning to have cement included in the region’s list of sensitive products which need to be protected from... |
Zambia: no cement import ban - ZCC27 October 2009, Published under Cement NewsThe Zambia Competition Commission (ZCC) has said there is no ban on the importation of cement as long as the imports meet the minimum standards. ZCC executive director, Thula Kaira said import competition of cement should be encouraged to stabilise the local price which was about US$12 per 50kg bag when the regional average price was US$8 per 50kg bag. Mr Kaira was reacting to a public debate about a construction firm that had contemplated to import cement for its construction projects in ... |
Carib Cement offering discounts26 October 2009, Published under Cement NewsCaribbean Cement Company has said that, effective today, it will begin offering discounts on its Carib Cement Plus product by $40 per 45.5 kilogram bag. The company said in a press release on Friday that it has had to take this action in an effort to bring down “mounting inventory of cement”. “Carib Cement has been faced with full silos and warehouses for much of the year and has had to shut down its mills on numerous occasions, despite exporting more than 60,000 tonnes of cement to date… ... |
India: demand for cement falls in export market23 October 2009, Published under Cement NewsWith overcapacity, declining demand and piling of inventory pushing cement prices down by US$5-10 a tonne in the cement exports market, domestic exporting players have found realisations are no longer remunerative. According to them, overseas demand for cement may decline by around 20-30 per cent this year. In addition, prices of clinker — the first stage in the production of cement — has also taken a hit of around the same quantum. West Asia and Sri Lanka are the main overseas markets for... |
India Aditya Birla cement shipments up 16 per cent YoY22 October 2009, Published under Cement NewsIndia’s Aditya Birla Group said on Thursday cement shipments in September rose 15.8 per cent from a year earlier to 2.77Mt. Production rose an annual 14.6 per cent to 2.74Mt, the company said in a statement. The group’s cement business includes flagship Grasim Industries and unit UltraTech Cement, with a combined production capacity of 42Mta. |
India’s exports likely to turn positive by December22 October 2009, Published under Cement NewsIndia’s exports contracting from October last year due to global economic crisis are likely to enter into positive zone by December, said the state minister for Commerce and Industry, Jyotiraditya Scindia in Delhi on Wednesday, report media. Talking to reporters on the sidelines of the 48th annual meeting of the Cement Manufacturers’ Association, he said that the exports were increasing every month. August exports were US$14.2bn compared to the April exports of US$10.7bn. The decline was al... |
CCJ’s integrity in cement saga21 October 2009, Published under Cement NewsSince the Caribbean Court of Justice (CCJ) dismissed the case brought against the Caribbean Community by Trinidad Cement Ltd (TCL) in connection with the application of Caricom’s Common External Tariff (CET) on cement imports in August there have been a few developments of significance. The court had ruled that while there was a "procedural flaw’’ in the authorisation by the community’s Secretary General and its Council for Trade and Economic Development (COTED) to suspend the tariff to faci... |