Cement News tagged under: Trading
Egypt extends cement export ban16 July 2009, Published under Cement NewsEgypt’s Trade Ministry has extended a ban on clinker and Portland cement exports until October 1, 2010 due to rising local demand, Reuters has reported. ’The increased demand for cement came as a result of continuing activity in the construction sector, which was not markedly affected by the global financial crisis,’ the ministry has said. Source: www.ameinfo.com |
Egypt’s Suez Cement begins importing clinker14 July 2009, Published under Cement NewsSuez Cement, one of Egypt’s largest listed cement makers, plans to begin importing clinker and bagged cement to meet growing demand in the Egyptian market, the company said. Suez Cement, whose five plants are operating at full capacity, said in a statement it would import 25,000t of clinker from Croatia and Cyprus in July. A first shipment of 7000t from Croatia was due to arrive on July 16. The company was also finalising arrangements to import bagged cement to help satisfy market demand, ... |
Carib Cement lowers prices08 July 2009, Published under Cement NewsCaribbean Cement Company Limited has revealed that a 15% drop in sales was one of the factors which led to it to take drastic steps to reduce inventory. Starting Tuesday, the cement manufacturer will begin offering discounted prices for its products. Caribe Cement will be having a week long clearance sale during which, the price of a bag of cement will drop by $35. The prices of its bulk and semi-bulk cement will also drop by approximately 8%. Anthony Haynes, General Manager of Caribbean... |
CMA hopes Govt to lay emphasis on infra, rationalise VAT06 July 2009, Published under Cement NewsExpecting the forthcoming Union Budget to lay emphasis on infrastructure in line with the Railway Budget, Cement Manufacturers’ Association (CMA) has called for the rationalisation of VAT on cement on par with other commodities. "I believe that in line with the Railway Budget, the Union Budget too would lay a lot of emphasis on the infrastructure sector. This will certainly help the cement industry," Cement Manufacturers Association (CMA) President, H M Bangur, told PTI here. In order to... |
Cemex buys port in Louisiana01 July 2009, Published under Cement NewsCemex has reportedly purchased a port terminal in Louisiana from Spanish producer Uniland to ship and unload its products, Mexican paper El Semanario reported. While the information did not provide any price details, the operation takes place in the midst of the company’s talks to renegotiate roughly US$14.5bn in debt. Uniland is facing a difficult situation with the decrease of cement consumption in Spain, which provides 62% of its revenues, the report said. |
East Africa: cheaper imports flood East Africa market30 June 2009, Published under Cement NewsCement makers in East Africa are threatened with closure following an upsurge in cheaper imports from Asia and the Middle East. Producers say importers have taken advantage of the removal of the suspended duty to flood regional markets with cheaper products, leaving them with a shrinking market. "The situation is particularly grim in Tanzania where imports have grown from two per cent to 20 per cent. In Tanzania, two of the three companies have suspended production and asked employees to g... |
Local cement makers fear dumping by foreign manufacturers26 June 2009, Published under Cement NewsLocal Philippine cement makers are appealing the recommendation of the technical committee on tariff and related matters (TRM) to extend the elimination of duties imposed on imported cement for another six months. Ernie Ordoñez, president of the Cement Manufacturers Association of the Philippines (Cemap), said the coming months will be critical as some exporting countries are now searching for markets where they could ship their excess cement capacity at “marginal cost.” He said prolonging... |
Cyprus halts aid boats bound for Gaza Strip26 June 2009, Published under Cement NewsCyprus stopped two boats planning to carry aid to the Gaza Strip in defiance of an Israeli blockade from leaving port on Thursday, officials said. The US based Free Gaza Movement had been planning to take 33 activists to Gaza with medical supplies and cement, a building material that Israel does not allow into the Palestinian territory devastated by a short war that ended early this year. The Free Gaza Movement started sending regular aid voyages from Cyprus to Gaza in August 2008, but one... |
Nigeria: 7Mt of cement begin to arrive ports26 June 2009, Published under Cement NewsNigerians may begin to expect fall in the price of cement as part of the 7Mt of bagged cement approved for importation by the Federal government in January this year has started to arrive the nation’s ports. Daily Sun investigation show that some of the bagged cement vessels are already in the port awaiting discharge. The letter from the Presidency which was made available to some agencies at the ports including customs (June 16, 2009), reads in part. “I wish to convey Mr president’s ap... |
Cement producers issue petition25 June 2009, Published under Cement NewsKenyan Cement manufacturers have raised the red flag over the influx of cheaply imported cement that is flooding the local market. The producers are now calling on the government to increase import duty from 25 per cent to 35per cent to safeguard the local manufacturing sector from folding up. The reduction of import duty on cement to 25 per cent from 40 per cent has negatively affected local cement producers sounding a death knell for the flourishing industry. The manufacturers have p... |