Cement News tagged under: Trading
Pakistan’s cement export passes 1Mt mark per month18 November 2008, Published under Cement NewsCement export showed an exceptional growth, crossing the mark of 1Mt per month and depicted a growth of 117.2 per cent YoY basis on the back of huge demand from Middle East and India. While, the local sales during the month of Oct continued its downward trend, posting a decline of 13.7 per cent YoY mainly due to ever-increasing cost of other construction material. According to data released by All Pakistan Cement Manufacturers Association (APCMA), cement dispatch numbers for Oct depict a g... |
Cemex eyes flat sales on uncertanties18 November 2008, Published under Cement NewsCemex Philippines, the country’s third-largest cement maker, expects sales this year to be flat in view of what the firm’s public relations director described as “uncertainties” in the market, including the impact of a tariff cut. “We expect sales to be more or less the same as last year,” public affairs director Darwin DJ Mariano told reporters recently. He pointed to uncertainties stemming from the possible impact of the financial meltdown on the local construction industry. Another sour... |
‘Noynoy’ urges Palace not to lift cement tariffs17 November 2008, Published under Cement NewsSaying that lifting cement tariffs to the Philippines would have serious repercussions on the local industry and its workers, Sen. Benigno Aquino Jr said it is incumbent upon the country’s economic managers to study the matter carefully and not rush into any decision. The senator made the call after Press Secretary Jesus Dureza denied the other day that President Arroyo has already signed an Executive Order scrapping cement tariffs. He stressed that the country’s economic managers are still... |
China cement exports down in first 18-months17 November 2008, Published under Cement NewsChina exported less cement in the first eight months of this year as a result of ebbing demand in developed nations and more difficult market access at home and less export rebates, sources with the General Administration of Customs said Saturday. Mounting demand for post-disaster reconstruction at home, especially in the southwestern province of Sichuan, which suffered a major earthquake on May 12 and following aftershocks, also contributed to the decrease in exports, the sources added. F... |
Five per cent tariff on cement suspended, Philippines11 November 2008, Published under Cement NewsPresident Arroyo of the Philippines has indefinitely suspended the five-per cent tariff on imported cement to encourage competition and bring down prices, Trade Secretary Peter Favila said yesterday. “The reason we did this is because the state has to intervene when it sees that the price of oil has already been lowered, yet the prices of cement, which are dependent on oil prices, continue to remain high,” Favila said in a telephone interview. He said Mrs. Arroyo signed an order freezing t... |
FPI head bucks plan to scrap cement import tariff10 November 2008, Published under Cement NewsA prominent leader of Philippine industries yesterday cautioned government officials mulling the elimination of tariffs. Meneleo Carlos, chairman of the Federation of Philippine Industries (FPI), said the government should “strengthen its protective mechanisms to ensure the viability and sustainable growth of domestic industries, instead of weakening their global competitiveness.” According to Carlos, some countries have announced plans to subsidise exports. “This would weaken the competit... |
West Africa: Norcem aims for cement exports06 November 2008, Published under Cement NewsNorwegian cement producer Norcem is turning to West Africa to keep its sales up as the Norwegian property market slows down. In the last few years the sale in Norway has been almost historically high, so all Norcem’s production has gone to the domestic market. Now it plans to regain the export market, which used to make up 20-30% of its sales. It already knows the West African market so this is a natural focus, according to factory director Kjell Skjeggerud. He did not elaborate on which... |
Pakistan cement for Sri Lanka06 November 2008, Published under Cement NewsThe Government of Sri Lanka will release a sufficient stock of cement imported from Pakistan stipulating a lowest price of Rs730 per bag (50kg) through the Building Materials Corporation Ltd in Ratmalana as a relief measure to consumers and the construction industry. Though the Government has stipulated a Rs.785 maximum retail price for a 50kg bag of cement, under this relief measure, consumers can purchase a 50kg cement pack at Rs. 730. which is almost a Rs. 55 price reduction, Trade, Mark... |
Removal of Suspended Duty - Cement Makers ’Face Collapse’04 November 2008, Published under Cement NewsA decision by Kenya, Uganda and Tanzania to phase out suspended duty on cement is beginning to take its toll, with some players saying they may be forced to close down. According to the East Africa Cement Producers Association (EAPCA), the industry in the region is staring ruin in the face since countries that enjoy low production costs like China, Middle East and India have taken advantage of the removal of the suspended duty to flood the region with cheaper imports. The lobby is asking E... |
India: cement companies feel input cost heat03 November 2008, Published under Cement NewsDriven by increased costs of power and fuel coupled with high coal prices, cement companies across the country face the heat on their earnings margin for the first half of the fiscal. Interestingly, companies in South India seem to have fared better their counterparts in other parts of the country, thereby signalling higher prices and better cost efficiency, according to results announced by companies. The unaudited results declared by cement manufacturers shows Madras Cements, Shree Cement... |