Cement News tagged under: Trading
Ghacem pushing up prices again?10 March 2005, Published under Cement NewsLocals have called on government to act fast to stop Ghacem, from introducing the annual price hike ritual. To many, the ritual that is sometimes undertaken three times in a year has assumed monstrous proportions in recent times. They also question the interest of former Council of State member Nana Prah Agyensaim, who they say as the chairman of the Board of the company, should do more to alleviate the burden of the people instead of thinking it more prudent to supervise the public relation... |
Somani bags Iraq export order09 March 2005, Published under Cement NewsSomani Cement Company (SCCL) has bagged a Rs32 crore order from a Iraq-based multi-national company. The Vadodara-based company will export over 50,000t of cement and around 45,000t of clinkers by the end of the next financial year. "The investment in infrastructure developments works in the Gulf region has led to a surge in demand for cement. With India’s close proximity to the Gulf region, most of the cement exports to the region are from India. We are also targeting the huge oppor... |
Retail cement prices set to rise in the north09 March 2005, Published under Cement NewsRetail cement prices in north India are set to increase by Rs10 per 50 kg bag on account of a spike in demand in the region. The prices are currently around Rs 165 for a 50 kg bag. "After low pick-up in the month of February owing to an extreme winter, sales are now steady. Manufacturers like Shree Cement, who have a strong presence in the region, are likely to push up prices by around Rs 10 a bag," said an industry expert. Industry experts also pointed out that the southern states of Ta... |
Cement prices to rise09 March 2005, Published under Cement NewsIn recent times, the Vietnam consumer price index (CPI) has seen sharp increases in the first three months of the year. In the first quarter of 2005, CPI may rise 3.5 per cent compared to the last quarter of 2004, according to the Ministry of Trade. The increasing demands for commodities, especially food and foodstuffs during the traditional Lunar New Year Festival (Tet) was the main cause leading to an increase of one per cent in CPI in January 2005 against December of 2004. Food and f... |
Diamond Cement says no increase09 March 2005, Published under Cement NewsDiamond Cement Ghana Limited (DCGL), the Aflao-based company that produces portland cement from imported clinker from neighbouring Togo, has written to its distributors asking them to refrain from raising the retail price of its cement above the recommended price of 53,000 cedis per bag of 50 kilograms. "Though we are no more in a price control regime, it is also not in your and our interest to sell our product at any price," the letter stated. Mr Chitti Babu, General Manager of the Compa... |
Pakistan price increase07 March 2005, Published under Cement NewsCement companies have increased their per bag prices by Rs5 following increase in transportation charges by Rs2 per bag to Rs3 per bag due to recent surge in diesel prices, sources in the industry say. Two leading cement companies of southern region, Falcon Cement and Pakland Cement, have revised their prices upward, and other companies are expected to follow with similar price raise within next few days. The cement cartel came under pressure on Tuesday, when marketing committee of Pakist... |
Do not inflate cement price07 March 2005, Published under Cement NewsGhana Cement Company (GHACEM) has warned retailers not to inflate the price of the product, as there is currently no justification for an increase. In an interview with the Ghana News Agency Business Desk, Ms Abena Konadu Agyeman, Communications Manager of GHACEM said cement within the Accra-Tema Metropolis should sell at 53,000 cedis. She gave the ex-factory price as 47,657.54 cedis. She said GHACEM recently experienced some distribution hiccups, which resulted in the shortage of the pro... |
Somani bags US$7.4m export order to Iran03 March 2005, Published under Cement NewsSomani Cement Company Ltd said it had bagged an export order to Iraq worth Rs332m (US$7.4m). The order is for a leading company based in Iraq and it would be executed within fiscal 2005-06, the company said. The company added it also planned to set up a new cement plant at Mahuva in Gujarat with a capacity of 2500tpd. The plant would involve an investment of Rs20 crore, it added. In view of satisfactory business developments, the company is confident of improving the results shown so fa... |
Japan Cement Exports Down01 March 2005, Published under Cement NewsJapan cement exports totalled 627,000t in January 2005, down 18.5 per cent year-on-year, the Japan Cement Association (JCA) said on March 1, 2005. The figure marked a year-on-year decrease for the second consecutive month. Japan’s overall cement exports were influenced negatively mainly by the decrease in exports to China. Japan exported a total of 46,000t of cement to China in January 2005, down 78.8 per cent year-on-year. On the other hand cement exports to South Korea marked a 2.1-fold y... |
Cement prices in Maharashtra to rise01 March 2005, Published under Cement NewsCement prices in India’s western state of Maharashtra, the country’s biggest construction market, is set rise by 1.7 per cent from Tuesday, on the back of strong demand from home builders, a trade official told Reuters."The demand is strong and the market should be able to absorb the price hike," the official, who declined to be identified, said. He said the retail trade prices for a 50kg bag will go up to about 183 rupees per bag, after the increase. |