Cement News tagged under: Trading
Gov’t significantly reduces cess on cement import26 September 2007, Published under Cement NewsIndustry Minister Karl Samuda says the Government has approved an 80 per cent reduction in the cess paid by cement importers to inspect their product. According to Mr. Samuda a recent survey carried out by the Consumer Affairs Commission concluded that cement supplies had diminished. He said the removal of the cess is aimed at filling the current demand of about 95,000 tons. Mr. Samuda is also expressing confidence that both measures will prevent the country from facing any future shor... |
Imports relaxed to ease Qatari cement shortage25 September 2007, Published under Cement NewsThe authorities of Qatar have relaxed import procedures to stabilise cement supply in Qatar. Local importers will no longer require clearance from Qatar National Cement Company. Any authorised construction company will be able to import cement. Chronic shortages also pushed up cement prices earlier, but are now easing, reportedly falling from QR35 a few months ago to QR17 per bag, according to industry sources. Qatar National Cement Company has pushed this price even further down, selling... |
Cement companies up prices by Rs 319 September 2007, Published under Cement NewsCement companies have hiked prices by Rs 3 per bag, especially across the western region. Continuous efforts by the Centre to control soaring prices of the commodity have failed to create any major impact so far. All major players, including Ambuja Cement and Ultratech have introduced the new rates from Monday, sources in the industry said. Last week, ET had reported that companies are silently aiming to hike prices by Rs 3-5, despite permission to import cement from Pakistan, Bangladesh an... |
Concerns arise over cement supply - Trading19 September 2007, Published under Cement NewsHardware merchants are growing uneasy with the reported production problems at Carib Cement Company, fearing a repeat of last year when construction was shut down islandwide resulting in millions of dollars in losses. "We want to be assured that anything similar to the events of 2006 are not recurring at this time," said Errol Salkey, president of the Hardware Merchants Association (HMA). He said members of his association were calling on the Caribbean Cement Company to explain to the publ... |
Imported cement to solve shortage in Sabah19 September 2007, Published under Cement NewsThe heavy demand for cement in Sabah is being solved by additional imports from Peninsular Malaysia, Thailand and Indonesia. Cement Industries Sabah (CIS) said some 65,000 metric tonnes of the commodity would arrive this month from various sources. CIS managing director Datuk Aslie Awang Hashim said here this is in addition to the normal production from its plant at Sepanggar Bay which has a capacity to produce 800,000 metric tonnes per year. He said the imported cement consisted of 750,00... |
India: cement prices to rule firm despite imports17 September 2007, Published under Cement NewsThe Indian cement industry would not be impacted by import of cement from Pakistan. A Macquarie Research report on cement said that cement prices should maintain their upward trend for the next 12-15 months, until some large greenfield projects come on-stream. The Pakistan cement industry has almost doubled its capacity to approximately 40m tonnes in the last two years and is believed to in a large surplus zone. Pakistan has witnessed 18% CAGR growth over the last six years and this year t... |
Shortage of plastic bags in Pak to affect cement exports to India14 September 2007, Published under Cement NewsThe cement export to India from Pakistan is likely to be affected by the shortage of plastic bags used for transporting. Two companies are supplying the plastic bags to the cement industry for packing and transporting of cement, but these companies are not able to meet the demands of the cement industry. These companies are producing around 16 million bags each of 50 Kg. However, industry requires around 28 million bags, said Muhammad Shahzad spokesman of All Pakistan Cement Manufac... |
Govt told: 3-year wait for cement unfair14 September 2007, Published under Cement NewsThe State Government has been urged to allow the free market importation of cement while the proposed clinker and grinding plants are up and running. Consumer Association of Sabah and Labuan (Cash) President Datuk Patrick Sindu said the construction industry simply cannot afford to wait three years for the plants to be ready before the situation could stabilise. He said the monopoly of the cement-producing industry in Sabah by Cement Industries Sabah (CIS), that is believed run by mostly p... |
Pakistan exports register record growth of 144 per cent05 September 2007, Published under Cement NewsCement exports registered a record growth of 144 percent during August 2007 due to huge exports orders, over production and better quality, industry sources said. They said that the cement industry in the country was growing rapidly for the last two years and its production capacity had raised by around 40 per cent to 30Mt from 21Mt. Statistics, made available from All Pakistan Cement Manufacturers Association (APCMA), show that during August the country’s cement export reached 575,987... |
Brahmaputra to be used for cement imports04 September 2007, Published under Cement NewsThe ‘Mahabahu’ Brahmaputra River is all set to witness a novel trade relation with neighbouring country Bangladesh, which apart from boosting economic activities would also help in generating employment in the region. Keeping in view the low transportation cost and also with an idea to exploit the huge market potential of the region, Bangladesh is going to export bulk quantity of cement by river for the first time to Northeast India. Holcim having its only grinding unit in Bangladesh, is p... |