Cement News tagged under: Trading
ECC to review cement prices on Monday30 May 2006, Published under Cement NewsThe Economic Coordination Committee (ECC) of the Cabinet on Monday will review the current price situation of cement and will take a decision whether to lift the ban imposed on the export of cement, an official told the Daily Times on Saturday. The Planning Commission has recommended Rs 83 per bag increase in urea prices to encourage the use of phosphatic fertilizers. A new “shared subsidy mechanism” is expected to be approved in this regard at the ECC meeting. The ECC meeting, scheduled on... |
Price hike to affect cement industry30 May 2006, Published under Cement NewsUnion Minister for Commerce and Industry Kamal Nath might have squeezed a five per cent discount from Indian cement manufacturers for government consumption, but who is really getting hit by the hike in cement prices? Most of the government spending on cement is actually on the infrastructure projects being thrown open to private players, so the impact of the cement price increase for the government is far from over. The cement price increase will clearly have an impact on the bottomline of... |
QCCI Committee to discuss cement crisis24 May 2006, Published under Cement NewsThe Contracting Committee at the Qatar Chamber of Commerce and Industry (QCCI) will tomorrow meet to discuss the cement crisis in the local market. An invitation to the meeting has been sent to Mohammed Ali Al Sulaiti, General Manager of Qatar National Cement Company, according to Nasser Al Meer, head of the contracting committee and a QCCI board member said yesterday. Al Meer said that he had talked to Al Sulaiti who confirmed that the cement crisis will lessen from today and that contract... |
TCL must ship more cement to Jamaica24 May 2006, Published under Cement NewsThe principles of a Caribbean Single Market (CSM) prevents the Trinidad Cement Limited (TCL) Group from maintaining cement supplies to Barbados and Trinidad while Jamaica undergoes a severe shortage, says chairman and CEO of GraceKennedy Limited, Douglas Orane. The Trinidad and Tobago-based TCL Group is the only producer of cement in Caricom. It manufactures the essential building material through its Arawak Cement Company subsidiary in Barbados, Caribbean Cement Company in Jamaica and Trin... |
Price cuts start to bite24 May 2006, Published under Cement NewsThe cement sector was in focus last week, thanks to government initiatives to curb further price hikes. Cement companies are expected to lose anywhere from Rs 120-200 per tonne to the extent of the supplies made to the government. This is due to the five per cent cut in prices advised by the commerce ministry. Cement companies in Tamil Nadu and Kerela are expected to take a hit as they were planning a price hike post elections. Moreover, this is a harder blow as cement prices in Tamil Nadu w... |
Afghan cement prices fall24 May 2006, Published under Cement NewsPrices of cement have decreased considerably after Pakistan resumed free-of-duty exports to Afghanistan. Pakistani officials said after the lifting of the ban on cement exports to Afghanistan, about 100,000 tons of the commodity had been exported to the landlocked country. Shahood Alam, an official of Pakistan customs department, told Pajhwok Afghan News exports to Afghanistan would further increase in the days ahead. They had banned cement exports to Afghanistan due to rise in its prices in... |
Lafarge Malaysia urges government to raise cement ceiling price23 May 2006, Published under Cement NewsLafarge Malayan Cement Bhd has been in talks with the government to raise the ceiling price of cement above the current 198 rgt per tonne, the Edge Daily reported. The newspaper cited chief executive officer Alain Crouy as saying because of rising costs, partly due to fuel price hikes, the firm would like the ceiling to be raised by at least 30 pct. |
Close watch on cement imports22 May 2006, Published under Cement NewsHaving extended the duty-free importation of cement from three months to a year, Jamaica’s Prime Minister Portia Simpson Miller has quickly sounded a warning against price gouging by distributors who might want to cash in on the market shortage. "I will be keeping a close watch to see that price benefits are passed on to consumers," said Simpson Miller. This move, Simpson Miller hopes, will keep the price of a bag of cement in line with the average J$450, industry sources say it now costs. ... |
Iran rejects imported cement22 May 2006, Published under Cement NewsIran last year sent back five shipments of imported cement, which involved 30 to 35 per cent of the whole imported volume in 2005. Iran’s Standard Organization Non-Metal Research deputy, Nezamoddin Barzegari said, among the imported cement, five shipments had not met Iran’s standards; therefore Iran returned them. This official added that these returned shipments mostly had been sent back to China and Turkey. Barzegari also announced that so far this year, seven shipments of cement had been ... |
Cement terminal draws scrutiny22 May 2006, Published under Cement NewsA no-bid contract to build the first cement terminal at the Port of Miami-Dade has raised objections from at least one competitor and is being scrutinized by the county’s inspector general (reports the Miami Herald). Local firm Sermar USA wants to import and store cement in a dome on the south side of the port, a proposal given tentative approval by a County Commission committee earlier this year. Cement facilities are common at Florida ports, including Port Everglades. But the Port of Mia... |