Cement News tagged under: international
Cement distributors on strike, Ghana05 April 2007, Published under Cement NewsDistributors of cement have embarked on an indefinite strike in protest against irregular supply of cement by GHACEM. The Chairman of the United Cement Distributors Association (UCDA), Mr Felix Nyarko, denied GHACEM management’s allegations in an interview that the distributors were responsible for the current high price of cement. He attributed the high price of the product to management’s inability to supply distributors with their cement allocation. He said members of the UCDA have a b... |
CMA may consider cancelling cement price freeze05 April 2007, Published under Cement NewsThe cement price tussle between the government and manufacturers continues as the government has now cut the countervailing and additional customs duties. In response to the announcement, it is being heard from sources that Cement Manufacturers Association may consider cancelling the cement price freeze pact with the government. However, CNBC-TV18 has not yet received any final confirmation from the government and CMA. After coaxing the cement industry to freeze prices, the Finance Ministr... |
Imports freed to checkmate cement companys04 April 2007, Published under Cement NewsBut distribution won’t be easy for importers, said analysts. With manufacturers loath to lower prices, the government on Tuesday tried to checkmate them by withdrawing the 16% countervailing duty (levied in lieu of excise duty that local companies pay) and 4% additional duty on cement imports. With this, Portland cement (other than white cement) can now be imported absolutely duty-free because it was already exempt from basic customs duty. Coming as it did close on the heels of F... |
Anam rejects Pimsa EIS for Rodman cement plant04 April 2007, Published under Cement NewsPanama’s national environment ministry Anam has rejected an environmental impact study (EIS) from Rodman port’s operating consortium, Parque Industrial Marítimo (Pimsa), to build a cement plant at the port, local press reported. Anam rejected the document on the grounds that while it has been established that the cement plant would have an indirect environmental impact at all points within 5km, the document’s descriptions only cover an area within 2.5km of the plant, local daily Crítica ... |
Pakistani shares rise; cement shares strong04 April 2007, Published under Cement NewsPakistani cement sales grew by 16.32 per cent in March from February, while exports during the month were up 12.12 per cent from the previous month, industry data showed on Tuesday. Cement sales for March were recorded at 2.28Mt, an increase of 25.27 per cent from March 2006 when they stood at 1.82Mt, data from the private All Pakistan Cement Manufacturers Association showed. During the first nine months of the 2006/07 fiscal year (July-June), cement sales totalled 17.53Mt, up 31.31 per ... |
Iran weighing proposals on cement supply04 April 2007, Published under Cement NewsIran’s Minister of Industries and Mines Alireza Tahmasbi here on Tuesday said different proposals on cement are under study. Some have proposed a 440 to 450 thousand rial (US$47.6-US$48.7) price for a ton of cement, said the ranking official, adding other experts have suggested a free market mechanism for the commodity. Tahmasbi said the ministry was to make the final decision on cement in the last Iranian calendar year (ended March 20, 2007), blaming the Economic Council’s piles of ... |
Lafarge’s Zambia unit building new cement plant03 April 2007, Published under Cement NewsZambia’s Chilanga Cement Plc, a unit of France’s Lafarge, is building an 800,000tpa plant to boost cement exports to the Great Lakes region and southern Africa, the firm said on Monday. Chilanga corporate affairs manager Eugene Chungu said the firm, which operates two plants, had raised $120 million to build the plant from its own resources, international lenders and a bond on the Lusaka Stock Exchange, where it is listed. Chilanga, which is 84.5 per cent owned by Lafarge, now produc... |
Holcim launches efficiency measures of US$20m03 April 2007, Published under Cement NewsPT Holcim Indonesia Tbk allocate the working capital budget of US$15m - US$20m to boost efficiency. A Director of Holcim Eamon J Ginley said the company needs lots of electricity and heating energy so that it needs lots of money to launch efficiency measures. "We allocate the working capital of US$15m - US$20m mainly to reduce the utilisation of electricity and heating agent. We will focus on that in the near future," he said in a press conference yesterday. He did not provide an... |
Bahrain needs cement plant to meet growing demand03 April 2007, Published under Cement NewsBahrain needs a new cement plant to meet the increasing market demand and the requirements of the kingdom’s construction industry, Samir Nass, head of the Contracting Committee of Bahrain Chamber of Commerce and Industry (BCCI) was quoted as saying on April 1, 2007. The demand for cement in Bahrain has increased to about 150t/month since the start of 2007, compared to 120t/month in 2006, Nass said. There is only one cement plant operating in Bahrain, but its cement output can not sat... |
Turkey’s cement firms 2006 profit margin rises, cautious on 2008 outlook03 April 2007, Published under Cement NewsThe average profit margin of the 14 listed Turkish cement makers increased to 28 per cent in 2006, as sales rose and production costs fell, but the sector might face lower profits in 2008 due to excess production, Referans daily reported on March 28, 2007. Cement companies focused on selling on the domestic market to cash in on an upswing of the construction market in 2006. To meet the higher local demand in the last two years, producers invested in new capacities, which are expected to ... |