Cement News tagged under: Trading
Turkey: knocking on all doors to export cement06 February 2009, Published under Cement NewsWith traditional export markets diminishing, many companies in the cement industry have sought alternative destinations for export. Nigeria, Palestine and Syria are among the new markets gaining attention. "Back in the 2001 economic crisis, we were able to turn to Mediterranean markets or even to Gulf countries. But this time these countries are also the targets of the global economic crisis. Now we are knocking on every door in search of new export markets," said Tufan Ünal, chairman of the... |
Pakistan sector seeks new export market03 February 2009, Published under Cement NewsThe cement industry in Pakistan is seeking an alternate export market other than India, as it has not exempted the import duty on Pakistani cement, which is damaging the exports of the sector, Daily Times learnt Monday. The cement industry’s exports to India have been badly hampered. Exports to India during January 2009 were recorded significantly lower at 10,000t, due to the import duty on cement, which has made the imported cement unattractive in Indian market, industry sources said. The... |
India cos may freeze imports from Pakistan30 January 2009, Published under Cement NewsFollowing a recent alert from security agencies that RDX explosives were being smuggled through cement bags into the country from Pakistan via the Wagah border, Indian cement dealers and companies are planning to freeze import of the building commodity from Pakistan. Delhi-based Karmic Overseas, a midsized trader that imports about 50,000t of cement every month through the Wagah border, has already cancelled its earlier orders, a move that is likely to be followed by other cement dealers ar... |
India cement exports underway15 January 2009, Published under Cement NewsWith the Indian government eliminating duties on cement exports and close to 1Mt have been put aside for export by March 20. Stating the above to Fars News Agency, Mohammad Hassan Pour-Khalil, the head of Cement Guilds Association, said the association is still duty-bound to regulate the domestic market. "The guild has rationed cement for exports, but priority will still be given to supplying the domestic market first." According to him, one million tons of cement will be exported to keep ... |
Indian cement cos buoyed as imports from Pakistan dry up14 January 2009, Published under Cement NewsIndian cement companies heaved a sigh of relief with imports from Pakistan almost grinding to a halt after the Government imposed a countervailing duty on imports. It also paved the way for lowering domestic cement prices by reducing excise duty by 4 per cent. Many export orders for shipments are being cancelled as dealers in the northern markets which include Punjab, Haryana, Himachal Pradesh, Jammu and Kashmir, Delhi and Rajasthan are offering special discounts on bulk purchases. It is ... |
TPI Polene: Sharp decline in 4Q08F earnings, Thailand13 January 2009, Published under Cement NewsTPIPL is expected to post 4Q08 normalised earnings of Bt85m, down 45% YoY and 85% QoQ. Its projected poor results are due to weak demand for cement, inventory de-stocking and inventory losses. With the political climate improving and inventory re-stocking, we expect an earnings rebound in 1Q09. Coupled with its cheap valuation, a Buy call is maintained although near-term upside is likely to be limited by the overhang from three court cases. The economic downturn resulted in cement demand in... |
New plea on the cement price, Malaysia12 January 2009, Published under Cement NewsThe Sabah Housing and Real Estate Developers Association has again appealed to the State Government to review the current selling price of cement. Shareda President Kong Kwok Wah said the issue was among the resolutions passed at the association’s 8th council meeting recently as it felt that since Cement Industries (Sabah) Sdn Bhd - the sole cement producer in Sabah was a government-owned company - it has a corporate responsibility to revise the selling price in line with the economic slowd... |
Pakistan cement exports to India comes to a halt12 January 2009, Published under Cement NewsCement export to India has come to a complete halt following the imposition of 12 per cent duties on its import by the Indian government, industry sources said on Friday. With the final shipment by a leading cement manufacturer on January 6, cement export to India has stopped, as the importers has refused to import cement from Pakistan due to high duties, they added. The Indian cement importers have also sent requests to Pakistani exporters for the stoppage of already booked cement import o... |
Pakistan cement exports increase 70% during 1H0908 January 2009, Published under Cement NewsPakistan cement exports witnessed a growth of 70 per cent in 1HFY09 to reach 5.05Mt as total dispatches register an increase of three per cent year-on-year (YoY) basis, with total sales amounting to 14.2Mt. This increase has changed the sales composition, as exports now comprise 35 per cent of the total dispatches. Export performance can be attributed to depreciating rupee, and global demand-supply gap. However, exports declined by 39 per cent Month-on-Month (MoM) in December 2008. Exports... |
Indonesia’s Semen Gresik to lift 2009 cement exports05 January 2009, Published under Cement NewsState-owned cement maker PT Semen Gresik is planning to increase its export volume despite the economic crisis in 2009, the company’s president director, Dwi Soetjipto, said. The company’s export volume in 2007 stood at 500,000t, but it was hoped the volume would increase to 1Mt in 2009. "This year, the export volume is predicted to account for only five per cent of overall sales, while demand abroad is actually higher," he said |