Cement News tagged under: imports
Nigeria considers new tariff on imports to protect local producers19 March 2013, Published under Cement NewsThe Nigerian government is considering imposing a new tariff on imported bulk cement following an influx of volumes which are said to have caused a glut in the market. The current duty on imported bulk cement is 10 per cent, but no levy is imposed on the commodity. Dr Olusegun Aganga, Minister of Trade and Investment, said during a meeting with select ministers on Nigerian business competitiveness organized by the Nigerian Economic Summit Group. According to reports by local press, D... |
TPCC reports 22% rise in net profit, Tanzania18 March 2013, Published under Cement NewsTanzania Portland Cement Company Ltd (TPCC), part of HeidelbergCement, posted a 22 per cent increase in net profit despite competition from regional imports. Net profit for the year to December 2012 rose to TZS1.57bn (US$968m) from TZS50.6bn in 2011. Turnover increased 15 per cent to reach TZS249.11bn compared to 217.25bn recorded in the year before. The cost of sales was pushed up by double digit high inflation rates and energy tariffs rising to TZS126.7bn against TZS117.7bn registered in ... |
US shipments ahead by 9% in 201204 March 2013, Published under Cement NewsTotal shipments of Portland and blended cements in the US and Puerto Rico in 2012 reached 79Mta, up by about nine per cent YoY, according to the latest data from the US Geological Survey. Imports for the year to December 2012, meanwhile, were up by about eight per cent YoY. In December 2012 shipments were about 4.8Mt, slightly less than the same month of the year before. The leading producing states in December were Texas, California, Missouri, Florida and Pennsylvania in descending orde... |
Tanzanian government accepts cement imports27 February 2013, Published under Cement NewsTanzania's government has said that it could not put trade barriers on imported cement as requested by domestic cement companies, because local production is still insufficient. Tanzania's Minister for Industry, Trade and Marketing, Dr Abdallah Kigoda said despite the expected progress from cement industries, the government will still allow cement imports until local producers meet domestic demand. Kigoda admitted that although imported cement is sold at a lower price compared to locall... |
Ecuador records 5.6% rise in 2012 cement sales26 February 2013, Published under Cement NewsThe Ecuadorian cement market expanded for a second year running as the Ecuadorian Institute of Cement and Concrete (Inecyc) reported a 5.6 per cent rise in dispatches. In 2012, the market absorbed 6.025Mt, an increase of 319,422t when compared with previous year’s figure. Per capita consumption rose from 386kg to 388kg in 2012. The advance represents a new record as deliveries surpassed the 6Mt mark for the first time. In 2010 and 2011, total cement sales reached 5.28Mt and 5.70Mt, respe... |
CMA calls for a reduction in excise duty, India21 February 2013, Published under Cement NewsAhead of the government’s forthcoming Budget, the Cement Manufacturers Association of India has called for a reduction in the current excise duty on cement to bring it more in line with other core industries. It has also requested a revision to duties on imports of cement and on raw materials for cement production. The Economic Times of India published a statement by the CMA stating: “To encourage the cement industry and to bring it at par with other core infrastructure industries, the ex... |
Argentina’s cement plants deliver 4.4% more cement in January 201320 February 2013, Published under Cement NewsArgentine cement plants delivered 913,336t of cement in January 2013, according to the latest data published by the country’s cement association AFCP. The January figure represents a 12.9 per cent increase MoM while when compared with January 2012, cement deliveries advanced by 4.4 per cent. Domestic dispatches, including imports, rose 12.8 per cent to 888,602t on the previous month, while YoY the increase was 3.2 per cent. |
Nigeria: managing the surplus18 February 2013, Published under Cement NewsEarlier this week United Cement Company of Nigeria Ltd (Unicem) became the latest domestic producer to announce a new round of investment as it aims to double capacity by 2016. But with the country's recent drive to increase volumes resulting in the present-day overcapacity situation, particularly in the southwest, how will the market deal with the situation and what measures are producers taking to manage the surplus? The last two years have seen Nigeria come of age, at once becoming sel... |
Dangote Cement reopens Gboko plant, Nigeria04 February 2013, Published under Cement NewsDangote Cement has resumed operations at its Gboko plant in Benue State, Nigeria, due to strong demand. The company closed the plant in December because of a glut in the market caused by cheap, imported cement being sold in the area it serves. “We are reopening Gboko immediately,” Carl Franklin, the London-based head of investor relations, said in a statement. “Demand has been strong since the beginning of the year.” "Since the shutdown of the Gboko Cement Plant, the government has ... |
Bolivia expects to double cement imports in 201301 February 2013, Published under Cement NewsState-owned Insumos Bolivia (IB) expects to double the import of Peruvian Yura cement this year from 1.3m bags in 2012 to 2.5m bags, or 5.9Mt, in 2013. IB director general, Oscar Sandy, said there are a number of possible agreements in the pipeline that would require substantial volumes of cement. Firstly, IB hopes to conclude a deal with the Misicuni company to construct a dam in Cochabamba. The project would require 150,000 bags in the first half of the year. In addition, within the fra... |