Cement News tagged under: Trading
CeMAP argues against cut in tariffs on imported cement09 May 2007, Published under Cement NewsPhilippine cement manufacturers, backed by the Bureau of Customs (BoC), yesterday argued to the Tariff Commission that imported cement is undervalued and is hurting the local industry. This, as the Tariff Commission yesterday started public hearings on a Palace-backed move to eliminate tariffs on imported cement due to increases in prices of locally produced cement since 2004. Cement Manufacturers Association of the Philippines (CeMAP) President Ernesto M. Ordonez said the governmen... |
India replaces tariff on cement03 May 2007, Published under Cement NewsIndian Finance Minister P. Chidambaram on Thursday scrapped an additional excise tariff on cement sold at a retail price of more than INR190 a bag. "For cement sold for more than INR190 per bag, instead of a specific (excise) rate, we are introducing an ad valorem rate of duty at 12% of the retail sales price," Chidambaram told lawmakers of the lower house of Parliament, while seeking their approval for the current fiscal year’s federal budget. Chidambaram added that this would result in a... |
Bangladesh Shipping - Chittagong Port03 May 2007, Published under Cement NewsFollowing is the berthing schedule of major vessels loading and unloading at Chittagong port. Cement clinker: Antares unload Slag: Banglar Urmi unload |
Ghana: call for fairer trade practices30 April 2007, Published under Cement NewsThe former Press Secretary to the President and a New Patriotic Party presidential aspirant, Kwabena Agyei Agyepong, has made a passionate appeal for the creation of a department of fair trade under the Ministry of Trade to ensure that companies operating in the country do not cheat their customers by charging exorbitant prices. Mr Agyepong’s demand comes in the wake of his crusade against the duopoly of Ghana Cement (GHACEM) and Diamond Cement, as well as the prohibitive prices th... |
Can Pakistani imports solve India’s supply problems?30 April 2007, Published under Cement NewsCement is an important ingredient of the construction sector. With the country in the midst of an infrastructure boom, including the real estate sector, the demand for cement has grown manifolds. The government has done away with the countervailing duty of 16 per cent and additional duty of four per cent on cement imports on its part. The import cut means that the landed cost of imported cement should now fall by about Rs 30 to around Rs 215 per 50-kg bag, much lower than the overall nationa... |
Logic behind under-utilising cement capacity30 April 2007, Published under Cement NewsThe Pakistani cement sector is underutilising its expanded capacity by a great margin in order to prevent a supply glut and a likely price plunge, dealers said. They said the cement sector had a capacity of produc ng 21Mt annually before the manufacturers began expansion projects more than one and a half years ago. Although their capacity has now risen to over 32Mt, their sales including exports stood at 17.48Mt in the first nine months of the current fiscal. If they continued with their cur... |
Cement imports: Ports agree to forgo rentals till clearance26 April 2007, Published under Cement NewsThe Government’s effort to cool down cement prices is gradually paying off, with 525t of the commodity landing in Mumbai and port authorities joining in the efforts to contain inflation by agreeing to forgo rentals till the consignment gets quality clearance. The first consignment of 200t landed within days of the government bringing down the countervailing duty to zero. The customs duty on cement has already been removed. "Two more batches of 325t of cement have landed at the port and are... |
Compulsory Indonesian National Standard for Cement Starting to Take into Effect; Import of Cement Tightened24 April 2007, Published under Cement NewsThe government has tightened the import of cement following the application of compulsory Indonesian National Standard (SNI) for the commodity as stated in the Minister of Industry Regulation No. 35/M-IND/PER/4/2007 on Application of Compulsory Indonesian National Standard for Cement dated April 17, 2007. The compulsory Indonesian National Standard for Cement is applied to six types of cement, namely White Portland cement with HS (Harmonized System) Number 2523.21.00.00, Portland Pozola... |
Cement imports eyed to keep local prices down, Vietnam23 April 2007, Published under Cement NewsCement prices in the country are considered more expensive when compared to neighboring countries, prompting Trade and Industry Secretary Peter Favila to encourage cement users to buy overseas given that those are cheaper than the ones produced here. "I told BOI (Board of Investments) to find out from contractors what’s keeping them from importing. They are complaining about the cost of cement. What we are saying is you can import on your own," he explained. According to Favila, anybody ca... |
Turkey’s Akcansa seeks 230,000t Jun-Sep coal18 April 2007, Published under Cement NewsTurkish cement maker Akcansa is tendering for 230,000t of coal for delivery between June and September, traders said. Akcansa is expected to buy Russian coal, shipped in small vessels of 20,000-25,000 dwt. The offer deadline is Wednesday, April 18. |