Cement News tagged under: Trading
Indian cement exports hit 8-year low in FY0922 April 2009, Published under Cement NewsThe ban on cement exports imposed last year has significantly pushed down overall exports of the building material, hitting an eight-year-low in FY09. Industry players and analysts said the current financial year might not be any different and exports would around the same levels. The domestic cement industry exported 3.2Mt in 2008-09, merely 1.76 per cent of its production of 181.42Mt. It was only in 2000-01 that the industry exported 3.15Mt, less than that in FY09. Hari Mohan Bangur, pre... |
Cement imports from Pakistan back to normal21 April 2009, Published under Cement NewsCement imports from Pakistan, which took a hit during January-February on account of a weakening rupee and re-imposition of countervailing duty (CVD), has jumped back to its normal monthly levels of around 60,000 tonnes. Imports had dipped to a mere 11,000 tonnes in January. Imports in the long-term is likely to continue at similar levels since imported cement is cheaper by around 10 per cent to the domestic produce. Cement imports from Pakistan started in September 2007 after India removed... |
Lafarge hikes cement price, Zambia15 April 2009, Published under Cement NewsLafarge Cement has increased the wholesale price of cement from K37,000 to K51,000 citing increased production cost as the Kwacha continues to weaken against the United States dollar. Company corporate affairs manager, Eugene Chungu, said in an interview in Lusaka that the increase has been necessitated by the continued devaluation of the Kwacha. Mr Chungu said the price of input material such as coal, which is sourced from Zimbabwe, has gone up. “Since last September, the Kwacha has just... |
Carib Cement targets US$17m in export sales01 April 2009, Published under Cement NewsCaribbean Cement Company Limited (CCCL) exported its first shipment of 5500t of bulk cement last Saturday under an arrangement with TCL Trading Limited, a related company that the Rockfort cement-maker said is part of its plan to expand into new regional markets. In a report by the Jamaican Gleaner, CCCL marketing managing Alice Hyde said the company plans to ship cement abroad twice per month under the arrangement with TCL Trading, and is targeting foreign sales of 200,000t this year at ab... |
Saudi Arabia to lift export ban?27 March 2009, Published under Cement NewsSaudi Arabia may soon lift its cement export restrictions in the face of increasing production capacity and falling domestic demand, according to an industry source cited by Construction Week. The restrictions introduced last July banned cement exports to all countries with the exception of Bahrain, which had its weekly quota halved from 50,000t to 25,000t. The affect was nonetheless crippling for Bahrain’s construction sector, which relies on Saudi cement for the vast majority of its supp... |
Vinaconex starts exports to Mozambique26 March 2009, Published under Cement NewsCam Pha Cement JSC, an affiliate of the Vietnam Construction and Import-Export Joint Stock Corporation (Vinaconex), shipped its first 12,500t of cement to Mozambique on March 25. Thanks to efforts made by Vinaconex and Cam Pha Cement, the first contract to export cement to the African market was signed in January 2009, said a Vinaconex executive. Together with domestic consumption, Cam Pha Cement is also working with other markets in Europe, the Middle East and South America. The company ... |
MV Corregidora continues its work in Russia26 March 2009, Published under Cement NewsThe 35,000t floating terminal MV Corregidora, a former bulk carrier converted by Cemex back in 2001 and used for some time in Tenerife, Spain is reportedly back at work in Novorossisk port following a rather quiet winter on station in the port. The vessel arrived there from Turkey with a full load of 35,000t of bulk cement from Akcansa’s Canakkale works, Turkey in the autumn of 2008. However, with the ship’s arrival hitting the Russian market downturn it actually took until January 2009 f... |
Saudi firms suffer from cement export ban16 March 2009, Published under Cement NewsSaudi companies have to pay the price for the government’s earlier decision to impose a ban on exports of cement products, while Asian companies gain the lot, according to Prince Sultan Bin Mohammad Bin Saud Al Kabeer, managing director of Al Yamama Cement Company, Gulf News has reported. Al Khabeer said negotiations by Saudi cement companies with the Ministry of Commerce and Industry to lift the export ban have not been successful. Source: AME Info |
Thai exporters seek new markets11 March 2009, Published under Cement NewsConstruction-material firms in Thailand are looking for new markets as domestic spending and exports – especially to the US and Europe – both show significant declines. SCT, a subsidiary of Siam Cement Group (SCG), said the decline in exports will keep total sales for this year somewhere between 0 per cent and 5 per cent below last year’s figure of Bt70 billion, managing director Kalin Sarasin said. The company’s business strategy this year is to find new export markets in Africa, the Midd... |
Scandinavian Cement begins import of cement10 March 2009, Published under Cement NewsFinnish concrete companies Lujabetoni, Ruskon Betoni, and Forssan Betoni have established a company called Scandinavian Cement to import cement into Finland, reports Esmerk Finnish News. The company has imported cement from Germany and established a cement storage facility in the port of Hamina, Finland. Price increases by Finnish cement manufacturer Finnsementti and supply uncertainty prompted the Finnish concrete companies to establish the import operation. According to Lujabetoni,... |