Cement News tagged under: Trading
Lucky to export cement to South Africa27 March 2008, Published under Cement NewsLucky Cement is optimistic about the expansion process of its first production line (4,200tpd or 1.26Mta) in its southern plant and plans to start producing clinker by November, which will increase its annual cement capacity to 7.6Mta. According to the management, the prevailing political scenario has forced Lucky Cement to delay the Global Depository Receipts (GDR) issue, as they do not intend to offer shares at a low price. However, they expect to go with the GDR issue, once political clar... |
Zambia to import Zim cement19 March 2008, Published under Cement NewsThe Ministry of Commerce, Trade and Industry officials have travelled to Zimbabwe to make arrangement for Zambia to import 55,000t of cement to meet the shortfall in the market. Commerce, Trade and Industry, Minister Felix Mutati said in an interview that following his meeting with his counterpart from Zimbabwe, it was agreed that Zambia imports cement from Zimbabwe to mitigate the shortage on the market. Mr Mutati said once arrangements for the importation of cement are complete, ... |
Pakistan: open land route To India could double cement export19 March 2008, Published under Cement NewsPakistan’s cement exports to India may double if India allows transportation of the commodity over land, a Pakistan official said Tuesday. Pakistan has proposed to India that road and rail links to the Attari border checkpoint be opened, said a Ministry of Commerce official from Islamabad, who wished not to be named. "If the proposal is approved, Pakistan’s cement exports - that had already entered the Indian markets to help meet the shortfall arising out of a real estate boom - wi... |
Pakistani cement gets green signal from South Africa18 March 2008, Published under Cement NewsThe Pakistan cement sector has received a green signal from the South African authorities to export cement with Pakistani tag, industry sources told Business Recorder on Monday. Presently, South Africa is facing great shortage of cement ahead of upcoming football world cup, to be held in 2010, sources added. "Brisk construction activities for the mega football event has primarily given rise to cement demand there," they said. The issuance of export license has opened new vistas for Paki... |
Pakistan’s Lucky Cement to benefit from duty cut17 March 2008, Published under Cement NewsPakistan’s biggest cement maker, Lucky Cement, stands to reap major benefits from the decision by Dubai to lift custom duties on cement and steel. Dubai said on Wednesday it had decided to lift custom duties on cement and steel until further notice to control rising costs of building materials. "Obviously, we will benefit the most from this development as we are the best placed," Abid Ganatra, director of finance at Lucky Cement, told Reuters on the weekend. Lucky Cement, whic... |
Pakistan cement exports to rise as UAE removes duty14 March 2008, Published under Cement NewsPakistani cement exports will be key beneficiaries as the demand for cement in Gulf countries will now further rise subsequently after United Arab Emirates (UAE) government has removed five per cent custom duty on cement to help the fast moving construction sector in Dubai. This removal of import duty will decrease the cost of importing cement into UAE, in turn increasing the demand for imported cement. The increasing regional cement price is also benefiting Pakistani cement companies who a... |
Dalmia Cement signs one year supply deal with BHPB11 March 2008, Published under Cement NewsDalmia Cement has reportedly signed a 12-18 month supply contract with BHP Billiton for 10 cargoes of South African coal. Cargill is providing freight for the deal and deliveries will begin in April 2008. Dalmia Cement is one of the Indian cement makers which prefer South African coal quality over Indonesian imports. It may be noted that Indian cement makers have avoided long term supply contracts for South African coal during the past two years, when imports and prices have surged. |
India to provide three trains to import cement from Pakistan11 March 2008, Published under Cement NewsBusiness Recorder reported that Indian government has agreed to provide three trains per week for carrying cement consignments from Pakistan for its domestic consumption. As per the report, Pakistan Railways was already deploying three trains every week for cement supply to India, but Pakistani exporters had complaints of short supply of wagons for cement and other exportable items. India has emerged as a promising market for Pakistan to export its surplus cement. The two sides are working... |
Pakistan to export cement to Sri Lanka05 March 2008, Published under Cement NewsPakistan will supply cement to Sri Lanka, even as the two countries have pledged to avail of the vast untapped potential for bilateral trade. Sri Lankan government would import cement from Pakistan through the recently set up State Trading Co-operative Wholesale Company Ltd to counter the shortage allegedly created by errant traders concealing their stocks. A spokesman of the Sri Lanka state owned company said the agreement is expected to be signed shortly with a company in Pakistan to imp... |
Burundi concerned over low cement export03 March 2008, Published under Cement NewsBurundi has expressed concern at reduced quantity of cement exported to by Lafarge Cement Zambia which has resulted to high retail prices. Burundi is Lafarge Cement Zambia’s second largest export market the after Democratic Republic of Congo (DRC). About 8,425 tonnes of cement was exported to Burundi last year compared to 48,596 tonnes in 2006 and 48,926 tonnes in 2005. Visiting Burundi Minister of Transport, Philippe Njoni expressed the concern in Chilanga when he paid a courtesy c... |