Cement News tagged under: Trading
Indian leading April shipments up04 May 2005, Published under Cement NewsAditya Birla group, India’s top cement producing group, said on Tuesday April cement shipments rose 9.8 per cent from a year ago to 2.48Mt. The Birla group comprises of flagship Grasim Industries Ltd, which sold 1.19Mt last month and UltraTech Cement Company Ltd, which shipped 1.29Mt. Gujarat Ambuja Cements Ltd, India’s third-biggest cement maker, said on Tuesday April shipments rose 4 per cent from a year ago to 1.145Mt. In a statement, the Bombay-based company said production totalled 1... |
Kuwaiti Shuaiba Paper 2004 sales04 May 2005, Published under Cement NewsKuwaiti paper bag manufacturer Shuaiba Paper Products generated a total 6.8 mln Kuwaiti dinars ($23.3m) in sales in 2004, registering a 17 per cent year-on-year increase, it was reported on May 1, 2005. Exports accounted for 74 per cent of the company’s total sales in 2004. Shuaiba Paper Products reported an operating profit of 594,320 dinars ($2.0m) in 2004, compared to an operating loss for the previous year, the company’s chairman, Mohammad Abdulaziz al-Bahar, said speaking at the c... |
Votorantim Cementos Invests in distribution centre03 May 2005, Published under Cement NewsBrazil’s industrial group Votorantim’s cement production arm, Votorantim Cimentos, invested 4.5 mln Brazilian reais ($1.8m) in a distribution centre in Salvador, in the northeastern state of Bahia. The centre, which will distribute Votorantim’s production to 700 points-of-sales in the state of Bahia, is expected to lead to an improvement of the company’s results by between 20 pct and 25 pct. Votorantim Cimentos registered sales of 4.8 bln reais ($1.882bneuro) in 2004. According to the com... |
Cement prices continue to rise03 May 2005, Published under Cement NewsThe price of cement in Saudi Arabia continues to rise unchecked as demand pushes up against supply limits. The price of a bag of cement in Jeddah has increased from around SR11 to SR18 per bag over the last month. In just one day — Monday — the price rose again to SR19, reflecting a rising desperation amongst construction firms for supplies. In Gonfotha, the price of one bag of cement reached SR25 per bag. Many construction businessmen complained about the high price saying that SR25 per bag... |
Significant hike in cement prices likely03 May 2005, Published under Cement NewsIranian cement prices are likely to increase by 15 per cent within the next few days, fueling speculations that indices for the product on the stock market would react positively to the move. Managing director of West Cement Company told Fars News Agency that indices are expected to go up drastically. “Once the increase in prices is ratified by the Ministry of Industries and Mines, cement companies listed on the stock market would experience a huge boost in shares,“ Mansour Qadami added. He ... |
Yemen to import more cement03 May 2005, Published under Cement NewsYemen’s military economic corporation is working in coordination with the ministry of industry and trade to import cement to meet the needs of the local markets, a source in the corporation said. The measure comes to counteract black markets that are creating the shortage by increasing prices in the face of the demand. In press reports, the deputy board chairman of the general corporation of cement marketing Mohammed Yahya Shanif denied that the corporation is behind the increase of the ce... |
Cement prices go up 3 per cent on housing boom28 April 2005, Published under Cement News(Associated Cement Companies increased price by Rs5 per 50-kilogram bag) With boom in the housing sector and the Government spending on roads and bridges driving demand, cement companies in Mumbai have raised prices by 3 per cent. Associated Cement Companies (ACC) increased price by Rs5 for a bag of cement of 50kg. In the wake of the lowest home loan rates in 30 years, the demand for housing has gone up. Construction of roads, ports and dams has increased prior to the onset of monsoon rai... |
More in pipeline: 50,000t cement orders received from Sri Lanka19 April 2005, Published under Cement NewsPakistan has received export orders for 50,000t cement from Sri Lanka, which is expected to fetch US$9.2m in foreign exchange. Besides, export orders for 25,000t cement each month for one year are also in the pipeline, sources told Business Recorder. Total amount of foreign exchange the country is expected to earn from these orders is estimated at US$13.2m, Director-General, Board of Investment (BoI), Karachi, Ikhlaq Ahmed Malik, said and added that it would help a lot in meeting the exports... |
Industry ministry promises quick tackling of cement shortage19 April 2005, Published under Cement NewsThe problem of the shortage of cement supply in the market would soon be tackled, senior trade official promised. "The shortage of the material in the markets sent its prices higher, but last week the industry ministry studied the matter and directed the Yemeni Economic Corporation to urgently make up for the deficit. The source said the rise of the prices of cement could have been the increasing demand on the material for the construction of projects being accelerated as the 15th anniversar... |
Steel units using blast furnace ’facing crisis’15 April 2005, Published under Cement NewsIndian steel units using the blast furnace route of steel production are facing a major crisis in offloading the slag because cement companies are mostly using the flyash generated by thermal power plants. According to Mr R.P. Singh, Managing Director, Bhilai Steel Plant, the problem has aggravated now, and he feels that the Centre should intervene at the earliest. He said the demand for blast furnace slag granulates among the cement manufacturers had dropped drastically, resulting in lo... |