Cement News tagged under: Trading
Cement export to Tanzania PSQCA refuses certification02 January 2008, Published under Cement NewsPakistan Standards and Quality Control Authority (PSQCA) has refused certification of Lucky Cement Ltd’s ordinary portland cement exported to Tanzania. It has further informed Tanzania Bureau of Standards (TBS) that since the license issued to Lucky Cement Ltd had been suspended, their product ’ordinary portland cement’ would not be certified. Lucky Cement had exported 1,288 tons of cement on December 17 to Tanzania, which was held up at the port for want of certification. Subsequently ... |
Russia to scrap five per cent import duty on cement as of January 1.02 January 2008, Published under Cement NewsRussia will cancel a five-percent import duty on cement as of January 1, 2008, the federal antimonopoly service said on Friday with reference to the government’s statement. The federal antimonopoly service believes that this step will expand borders of this market. The scrapping of cement import duties will open opportunities for buying cement beyond Russia, mainly in China and Turkey. The cancellation of duties will expand competition on the country’s cement market, liquidate defi... |
Cement export trends alter in Uzbekistan02 January 2008, Published under Cement NewsOver 140,000 tonnes of cement was sold through the exchange trades since the beginning of the year. This exceeds the sales of the same period of the previous year 4 and a half times times, UzEX said. The main buyers of Uzbek cement this year are Kazakh construction companies. Their share in the total exports of the construction material made up 80 per cent. At the same time, the structure of export supplies of domestic cement has all the chance of observing the change in the leader or g... |
Abolishment of Export Rebates Leads to Sharp Drop in Cement Exports02 January 2008, Published under Cement NewsWith China completely abolishing the cement export rebate in July, according to statistics from the General Administration of Customs, exports dropped sharply starting from August. Cement exports stood at 3,037,000t, 2,773,00t and 2,252,00t respectively in August, September and October, dropping by 28.7%, 8% and 22.1% year-on-year. |
Jamaican cement shortages30 December 2007, Published under Cement NewsThe Ministry of Industry, Investment and Commerce focused primarily on alleviating the problems that arose from the shortage of cement, basic food commodities such as flour and rice and the scrap metal operations. In addressing the cement shortage, agreements were made in September, for local cement importers to benefit from a reduction on the fee levied by the Port Authority of Jamaica to inspect each tonne of the product. This inspection fee, which would be reduced from US$5 to US$1 unti... |
Minister says ’No’ to cement price hike30 December 2007, Published under Cement NewsThe Ministry of Trade and Consumer Services will take legal action against Prima Ceylon Ltd. for increasing prices of wheat flour without obtaining the approval of the Consumer Affairs Authority (CAA), said Minister of Trade, Marketing Development, Co-operative and Consumer Services, Bandula Gunawardana. He said inflation is a major issue in the country and steps will be taken next year to curb inflation which hit 24 percent in October, the highest in the region. The Minister said approval ... |
Pakistan exports on the increase30 December 2007, Published under Cement NewsAfter remaining a traditional supplier of cement to Afghanistan Pakistan is gearing up its export sales. Shortage of cement in India and strong demand from North African countries, including Yemen, has encouraged Pakistan’s three main producers to improve production and sales. Industry sources disclosed that Bestway is further expanding its capacity by 4,000 tons per day, and the plant would come into production next year. Similarly, Luck Cement is also setting up another plant with a capac... |
Russia to abolish some import tariffs26 December 2007, Published under Cement NewsThe Russian Government is to abolish import tariffs on some types of cement within nine months. The act was signed by Victor Zubkov, this week, reports the Russian government press-service Zero rate is approved for white cement, aluminate cement and specialist refractory cement. The rate for concrete products, tiles and other similar goods will total 7.5% of customs cost. |
Cement cartels could influence Indian market26 December 2007, Published under Cement NewsNews that the Indian regulatory offices have finally ruled of an illegal cartel in the cement sector back in the early 1990s has prompted Indian economist Mr Mehta Secretary of the Jaipur-based Consumer Unity & Trust Society (CUTS International), an Indian economic policy research group to comment on various cartels that have been exposed worldwide and to stress that in view of such activities India needs a new competition law to protect consumers. To support his argument Mr Mehta notes tha... |
Coal price hike by 10-15%24 December 2007, Published under Cement NewsThe recent hike in Indian coal prices by 10-15% is expected to hit the cement industry, as the cost of coal constitutes around 12% of total operating cost of cement sector, a top industry official said. “As per the latest notification, Coal India has hiked the pithead prices of all the grades of coal produced by domestic coal companies with effect from 13December 2007. The prices have been hiked by 10-15% for various grades of coal. The cost of coal constitutes roughly 12% of total oper... |