Cement News tagged under: Trading
Competitive Egyptian cement eyes exports boom23 April 2004, Published under Cement NewsEgypt’s cement sector is set to boom this year with many companies taking advantage of cheap production costs and increased demand to boost exports. Analysts said cheap labour costs, a regional cement shortage as well as improved adherence to environmental regulations meant international markets were opening to Egyptian companies as demand faltered in a large local market. Egypt’s largest cement exporter, Egyptian Cement Company (ECC), a subsidiary of Orascom Construction Industries (OC... |
Pakistan Board of Investment mulls ban on cement exports20 April 2004, Published under Cement NewsPakistan’s Board of Investment (BOI) is weighing the prospects of preparing a summary aimed at banning the export of cement so that local availability can be ensured. Irfan Amanullah, Company Secretary, Attock Cement Pakistan, while disclosing this, said that this step could be taken if cement exports to Afghanistan continue to negatively affect the domestic price line of cement. Presenting an overview of Pakistan’s cement industry at a training seminar organised by ACE Securities (Pvt)... |
FWS Construction continues North American expansion14 April 2004, Published under Cement NewsFWS Construction Ltd., a leading Western Canadian construction company, is pleased to announce it has recently been awarded a contract to build a cement distribution terminal for Lafarge in Washington State, USA. The Company’s project for Lafarge involves the design and construction of 6500t distribution cement terminal in Spokane, Washington. This is FWS’s first project in the State of Washington. |
Thai exports to be phased out13 April 2004, Published under Cement NewsEight local cement producers have agreed to gradually cut their exports to zero within the next five years after Prime Minister Thaksin Shinawatra expressed concern over the industry’s impact on the environment. Limited impact is viewed on cement producers as cement exports contributed less profit to them. In addition, cement exports have been decreasing from 20Mt in 1998 to 12Mt last year due to rising domestic demand. Exports this year would be cut to 10Mt, from 12Mt last year. Most of th... |
Jebsen buys older bulker09 April 2004, Published under Cement NewsThe Kristian Gerhard Jebsen group of Norway has emerged as buyer of the 65,000-dwt bulker Sun P (built 1981). The Namura-built ship was reported sold for $12m to an undisclosed Norwegian buyer. Brokers have been puzzled by the reports as few Norwegians would likely be interested in a 23-year-old panamax. Informed sources say Jebsen bought the ship some time ago and that the price could be as low as $10m. It is considered likely that the investment is an asset play. Jebsen managing director... |
Morocco and Turkey sign free trade deal09 April 2004, Published under Cement NewsMorocco and Turkey have agreed to abolish trade barriers part of an EU-drive aiming to set up a Mediterranean free trade area, Communication Minister Nabil Benabdellah said on Thursday. Benabdellah told reporters after a cabinet meeting that the deal was signed during a visit to Ankara by Prime Minister Driss Jettou on Wednesday. "This deal with a Muslim country...which has a developed industry will open a window of opportunities in investment and job creation in Morocco," the government s... |
Cement Producers to give up exports in five years09 April 2004, Published under Cement NewsThailand: Eight local cement manufacturers have agreed to gradually cut their exports to zero within five years, the Bangkok Post reports, quoting Nopadol Ramayarupa, chairman of the cement branch of the Federation of Thai Industries. Local producers need five years to clear their backlogs of orders while cement exports this year would be cut to 10Mt from 12Mt in 2003, Nopadol said according to the report. The eight producers reviewed cement exports Thursday with Commerce Ministry offici... |
Iran could import 1.0Mt of cement09 April 2004, Published under Cement NewsIran could import 1.0Mt of cement in the next three months, Deputy Minister of Industries and Mines, Djafar Sarkini said on April 7, 2004. The Iranian Government set a 1.5Mt cement import quota for the Iranian calendar year, ended March 19, 2004. However, the country imported only 100,000t of cement over the period. The domestic demand for cement is expected to peak in the period from April to June 2004, Sarkini added. |
Tax In Kerala Jolts Cement Trade In South08 April 2004, Published under Cement NewsCement trade in the south of India has taken a jolt, as Kerala government apparently struck a gentlemen¹s agreement with the business community over plans to bury its double-point tax issue. Dealers in north Kerala have refused to take stocks from cement firms, practically bringing the stock flow to construction sector to a grinding halt from this week. Nine cement majors, including ACC, Dalmia, Chettinad Cements, India Cements and Madras Cements are suppliers to Kerala¹s buoyant construct... |
Iloilo price rises07 April 2004, Published under Cement NewsThe price of cement has been going up these past few months due to the high demand for it, the Philippine Department of Trade and Industry Iloilo provincial director Diosdado Cadena said. Cadena said as of their latest monitoring, the price of cement per bag has reached P138.00 which is P26.00 higher than that of January last year. "Outside the city of Iloilo, the price of cement is even much higher," Cadena said. He said in order to bring down the cost of cement, importation should be don... |