Cement News tagged under: Trading
Cement firms may not pass on the benefits27 February 2007, Published under Cement NewsThe rail Budget’s new mission target of transporting 200Mt of cement and steel by 2011-12 has been unanimously welcomed by the cement industry. Cement capacity is expected to cross 250Mt by 2011-12. Currently, 35 to 40% of cement is transported on rails. The government is now planning to take it up to 80% by targeting 200Mt. This will be done essentially by adding more wagons. Analysts say this will help cement players cut freight costs in the long-run - the cost of using roads is substant... |
Imported cement assures construction boom in Philippines’ Davao26 February 2007, Published under Cement NewsA looming construction boom in Southern Mindanao this summer, is expected to go unbothered by problems on the supply of cement, given the recent landing of some 14,000t from China. In fact, more than half of the shipment of the Conch cement brand imported by businessman Vic Lao is just awaiting the result of a laboratory test now being done at the Bureau of Product Standards in Manila. The other half had already been issued the corresponding clearances and is cleared for distribution... |
Imported cement awaits clearance, Philippines22 February 2007, Published under Cement NewsMore than half of the shipment of the Conch cement brand imported by businessman Vic Lao is awaiting result of laboratory test currently done at the Bureau of Product Standards in Manila. The other half already passed clearance and is cleared for distribution in the market. Department of Trade and Industry (DTI) director for Davao City Teolulo Pasawa in an interview said shipment of imported products has to be tested per bill of lading. Lao in a separate interview said his importation for ... |
Carib Cement doing swift business16 February 2007, Published under Cement NewsCaribbean Cement Company Limited is reporting that its operations have remained buoyant despite the decision by the Government last year to extend the reduction in the tariff on imported cement. Caribbean Cement’s General Manager Anthony Haynes says, among other things, the demand for locally produced cement has remained strong. Following a major shortage of cement last year followed by public outcry and warnings of a major decline in the construction industry, the Government hastily remove... |
Trade dep’t considers more cement imports, Philippines14 February 2007, Published under Cement NewsTrade Secretary Peter B. Favila said in a statement yesterday that the government is prepared to allow greater cement importation if cement manufacturers fail to explain the increases in the prices of cement in the past few weeks. Noting that the Trade department has been receiving reports of unabated increases in the price of this commodity, particularly in Northern Luzon, Mr. Favila said they would summon cement manufacturers again to explain the rising prices. It could not be the... |
Cement Exports through Jiangsu Ports Soar in January14 February 2007, Published under Cement NewsAccording to the statistics released by the Nanjing Customs, the volume of cement exported through Jiangsu Province’s ports totaled 1.057mt in January, with an export value of US$32.77m, up 46.2% and 56.7% year-on-year, respectively. The rapidly expanding domestic production capacity, robust international demand and high export value-added tax refund rate contributed to the upward trend of cement exports through the ports. |
Cement export up 66 per cent in July-January13 February 2007, Published under Cement NewsPakistan cement exports registered a 66 per cent increase during the first seven months of the current fiscal year due to its strong demand in neighbouring countries, industry sources said. Statistics revealed on Monday that Pakistan has exported 1.363Mt cement during seven months (July-January) of the current fiscal year against 0.822Mt during the same period last year, showing an upsurge of 0.541Mt. The north zone (Punjab and NWFP) exports have moved up by 14 per cent. Its exporter... |
Import duty cuts achieve little: prices hold steady12 February 2007, Published under Cement NewsWhen the Union government reduced the import duty on cement from 12.5% to nil in the third week of January, the aim was to reign in the “runaway” cement prices. The expectation was that such a move will, at best, lead to a steep fall in cement prices currently ruling at Rs 220-230 per bag and thereby ease its effect on inflation (cement’s weightage in Wholesale Price Index (WPI) is 1.73105) or at the least, create a psychological effect that will rule out any further increase in retail price... |
Laos first time exports cement to Cambodia23 January 2007, Published under Cement NewsA Lao cement factory in the province of Savanakhet for the first time exported cement to Cambodia , paving the way for the factory to expand its consuming markets. Chanthavong Doungsavath, Director of the company, said that his company exported 15,000 tonnes of cement to Cambodia last year. The company, with a total investment capital of 20 million USD, has a designed capacity of 500 tonnes of cement per day. Its products have been used in the Lao southern provinces and exported to V... |
Customs duty on dumpers’ import cut, Pakistan18 January 2007, Published under Cement NewsIn order to provide efficient means of transport to the cement industry, the CBR has reduced the import duty on off-highway dump trucks from 30% to 5% and cement semi-trailers from 30% to 5%. The local industry is producing 50 million ton cement now against its earlier production of just 18 million ton and would be facilitated by this decision. Earlier the Economic Coordination Committee (ECC) of the cabinet had approved this proposal to lower the rate of duty on import of said vehicles to f... |