Cement News tagged under: Trading
Vietnam: cement down06 June 2008, Published under Cement NewsConstruction contractors must have taken a sigh of relief as prices of popular cement brands such as Ha Tien 1 and Holcim have begun falling after a rally for almost half a year in a row. Cement was down by VND3000-VND5000 per 50kg bag in HCMC on Tuesday. Nguyen Thanh Van, director of HALA Company, which produces precast concrete in HCMC’s Tan Binh District, said his company was buying cement at lower prices than last week, and cement was not as scarce as last week. “Ha Tien 1 costs some VN... |
Indian cement companies may revisit pricing strategy after June05 June 2008, Published under Cement NewsThe continuous rise in input costs, which eats into the profits of companies, may force domestic cement makers to re-work their pricing strategy after June this year. Further, the fuel price hike could act as a trigger for an immediate hike. There has been no definite industry call on the matter, but, the companies Business Standard spoke to declined to comment on prices saying “the situation is uncertain and anything can happen.” A month ago, several cement firms had taken a non-uniform s... |
Aditya Birla May cement shipments up 0.8 per cent YoY03 June 2008, Published under Cement NewsIndia’s Aditya Birla Group said on Monday its cement shipments in May rose 0.8 per cent from a year earlier to 2.66Mt. Cement production grew an annual 2.5 per cent to 2.7Mt in May, it said in a statement. The group includes flagship Grasim Industries Ltd and UltraTech Cement Ltd , with a combined cement-making capacity of more than 31Mt. |
Government withdraws tax refunds on cement exports03 June 2008, Published under Cement NewsThe Indian government today withdrew tax refunds on cement exports that it had allowed only yesterday. The Directorate General of Foreign Trade had Monday notified Duty Entitlement Pass Book Scheme (refund of local taxes) on cement exports. "The amendments stand withdrawn with effect from June 2 itself," a fresh notification said. The Commerce Ministry had lifted the 46-day old ban on cement exports on May 27. However, it had allowed shipments only through ports in Gujarat. The ... |
India’s Ultratech buys S.Africa coal at $170/T CIF-seller02 June 2008, Published under Cement NewsIndian cement maker Ultratech bought a parcel of South African coal ex-stocks at an Indian port for US$170/t CIF and is seeking more, the seller, an Indian trader, said. Ultratech and other Indian cement companies currently in the market for South African coal are being offered at $200.00 a tonne CIF, the Indian trader said. "If they want the coal, they have no choice. That is the market price," he said. Other Indian traders also offering South African coal ex-stocks to the cement and spon... |
India’s MoF denies excise duty to cement firms02 June 2008, Published under Cement NewsThe finance ministry in India has turned down a proposal from department of industrial policy and promotion (DIPP) to give 35 per cent abatement on excise duty to cement manufacturers. Had the ministry accepted the proposal and companies passed on the benefit to consumers, the prices of cement could have come down by Rs 10 per 50kg bag. The finance ministry turned down the proposal primarily due to two factors. Firstly, it felt that the levy imposed on cement is not eligible for abatement. ... |
Sri Lanka to import cement from Pakistan30 May 2008, Published under Cement NewsSri Lanka plans to import 300,000t of cement from Pakistan to ease the shortage of cement in the local market. The Sri Lankan Cabinet today approved a memorandum submitted by the Minister of Industrial Development, Kumara Welgama to enter into an agreement with Pakistan’s DG Khan Cement Limited to important cement for the Sri Lanka Cement Corporation. According to the agreement, Khan Cement will provide 300,000t of cement over a period of 12 months at the rate of 25,000t per month at a pri... |
India imports 83,000t of cement from Pakistan27 May 2008, Published under Cement NewsGovernment is importing cement from Pakistan as a measure to control the hike in cement prices. Cement is being imported from Pakistan by train on a daily basis through Attari station in Amritsar. Over 83,000t of cement has been imported from Pakistan so far. Besides asking the cement manufacturing companies to slash the prices, the government is also making efforts to control the hike in cement prices. |
Pakistan cement export data21 May 2008, Published under Cement NewsPakistan’s cement exports have registered a phenomenal growth during the first 10 months of the current fiscal year, which stood at 5.94 million tonnes for July-April. "Last year, 2006-07, Pakistan cement export posted 3.2 million tonnes but figures for the first 10 months of the current fiscal year are encouraging", source in the industries ministry told reporters. "We are expecting the export figures to further swell by close of the year with two more months in hands", he said. Pakistan ... |
Vietnam axes clinker tariff21 May 2008, Published under Cement NewsVietnam has decided to slash import taxes to zero percent from current 5-10 percent on clinker, according to a local finance agency on Wednesday. Under a decision of the Finance Ministry on May 19, the new tariff will take effect 15 days after final publication, the finance’s Tax Policy Department said, noting that Vietnam currently imposes an import tax of 5 percent on clinker imported from the Association of Southeast Asian Nations (ASEAN), and that of 10 percent on the material from non... |