Cement News tagged under: Trading
Govt urged to slash duty on cement17 April 2007, Published under Cement NewsThe Cement Manufacturers Association of India has said that the government should reduce the duty structure on cement so as to make it more affordable for the consumer. The duty at present is 70% on the ex-factory price, something that has taken the price of premium quality of cement to Rs200 plus per bag. According to HM Bangur, vice-president, Cement Manufacturers Association, "It seems as if the government treats cement like a luxury product, without realising that it is a necessity. To... |
Mexico: Cement exports leave a little to be desired17 April 2007, Published under Cement NewsAt the end of last month, it was seen that Mexican cement groups had failed to fill the export quotas allowed these days on trade with the US since demand from the US construction industry is down. The end of March was also the end of the first annual period within a three-year 3% import duty deal on a maximum of 3Mt of Mexican cement. Every firm offered its own quota will have fallen roughly 10% short, according to Manuel Milan, director-general of Grupo Cementos de Chihuahua. The US h... |
Cement imports from Pakistan may not impact retail costs’16 April 2007, Published under Cement NewsThe import of cement from Pakistan may not bring in much relief in the retail price across different regions of the country and may fail to improve the supply scenario in a significant manner, according to industry observers. "The first consignment from Pakistan-based Lucky Cements reached Mumbai at a port price of Rs 155 per bag and was stopped there for clearance from the Bureau of Indian Standards (BIS). But when it comes out and reaches retail markets, the price would not be cheaper... |
Cement importation sought, Philippines16 April 2007, Published under Cement NewsSince there is no more local cement industry to speak of, Councilor Peter Laviña is pushing for the importation of cement to help increase supply and lower its prices. In an email, Laviña said the cement industry in the country is now in the hands of foreign companies like Holcim, Lafarge and Cemex and as such there is no local cement industry to protect from foreign competition. He said cement prices are priced at P170 to P180 per 40-kilo bags in hardware stores, thus the government shoul... |
India detains Pakistan’s cement consignments10 April 2007, Published under Cement NewsPakistan’s cement exporters are in a fix as Indian authorities have detained their consignments of around 5,000t cement and are demanding unnecessary documents from them, exporters told Business Recorder on Friday. They said that Indian authorities, a few days back, have detained Pakistan’s cement consignments on arrival at the Nhava Sheva port on the pretext of having not obtained ’quality certificate’ from the Bureau of Indian Standards (BIS). "The Indian authorities had detained o... |
Indian cement - impact on removal of CVD and SAD04 April 2007, Published under Cement NewsThe Government’s latest move to scrap CVD and additional SAD is expected to dent cement manufacturers’ pricing power. The Government’s latest move to scrap CVD and additional SAD is expected to dent cement manufacturers’ pricing power. Government has been taking series of measures to make cement cheaper in the country from January, like removal of customs duty on Portland cement, bringing dual excise duty structure and asking the cement manufacturers to reduce prices. The cement producer... |
Cemex Panama imports 1m sacks of cement03 April 2007, Published under Cement NewsCement manufacturer Cemex Panama has confirmed that it will import 50,000t of cement (1 million sacks). The strategy will be outlined to meet demand inthe local market, has informed the commercial director of the company, Jose Antonio Espana. During the first half of 2008 the company plans to invest US$200m in production expansion in Panama. |
Cement importation seen to regulate price - Philippines02 April 2007, Published under Cement NewsCement manufacturers would also experience the impact on the high prices of cement if they remain to be uncooperative with the government in regulating the price, said Baguio Representative Mauricio Domogan. Domogan said if the prices of cement remain to be excessive, manufacturers could lose the industry. "If the manufacturers do not cooperate, our alternative would be cement importation," Domogan said, adding that this could deprive manufacturers of their livelihood. Domogan... |
Turkey cement demand boosts Russia B.Sea coal price30 March 2007, Published under Cement NewsPrices for small, prompt cargoes of cleaned Russian coal from the Black Sea ports have risen to $70 a tonne FOB during the past couple of weeks, due to strong demand, principally from the Turkish cement industry. Turkey’s construction boom is fuelling demand for cement and because coal is needed as both a fuel and raw material for cement production, imports are rising, Russian exporters and traders said. There are a few large, established Turkish cement makers but a growing number of... |
Cement dealers cry foul29 March 2007, Published under Cement NewsOver 200 cement dealers under the banner of the Liberia Cement Dealers Association (LICDA) are crying foul over the failure by the authorities of the Ministry of Commerce and the Liberia Cement Corporation (CEMENCO) to recognize their role as retailers of the commodity, something, which they say is creating shortage of the commodity on the market. The LICDA members said the persistent attitude of distributors of the commodity to serve as retailers at the same time playing their role as ... |