Cement News tagged under: international
Egyptian cement output12 March 2004, Published under Cement NewsEgypt’s cement output fell to 16.8Mt in the first seven months of the fiscal 2003/04, ending June 30, 2004, from about 17.1Mt in the corresponding period of 2002/03, the Egyptian state-run Information and Decision Support Center (IDSC) said in a report. Local cement sales decreased to 14.9Mt in the period from July 2003 to January 2004 from 15.6Mt in the year-earlier period. Cement sales fell to 1.983Mt in January 2004 from 2.652Mt in December 2003 and 2.893Mt in January 2003. Egypt’s cemen... |
Ghacem sets out the facts12 March 2004, Published under Cement NewsGhacem Ghana Limited, the major domestic producer of cement, says it is impossible for businessmen in Ghana who claim they can import cement from Russia at US$3 per bag to flood the market. The company’s manager Mr. Bjarme Schmidt disclosed this last week in Accra when he briefed newsmen on recent developments that had taken place in the cement industry worldwide. He said the cost of freight alone would discourage importers to abandon the business because of heavy nature of the product. H... |
Kartellamt raids German cement companies again11 March 2004, Published under Cement NewsThe German Federal Cartel Office called on a number of German cement companies again earlier this week. Search warrants were based on complaints from some cement buyers that recent price increases were co-ordinated. However, companies visited said that officials from the Cartel Office also looked into matters dealing with the previous cartel office investigation in which the industry was fined last year in order to secure additional evidence to deal with the appeal lodged most of the compa... |
MCA notes cement price hike11 March 2004, Published under Cement NewsIslamabad: The Monopoly Control Authority (MCA) has decided to conduct a preliminary investigation into reported hike in the prices of cement by the cement manufacturers. According to an official source the government has taken notice of the reported surge in the price of cement through cartels by the cement manufactures. All Pakistan Cement Manufacturers Association (APCMA) raised the cement price at various places by creating artificial shortage in the market. According to reliable ... |
Vietnam cement prices11 March 2004, Published under Cement NewsThe price of cement will not be increase this year despite demand from cement producers, affirmed Deputy Construction Minister To Van Nga at a meeting to stabilise the cement price in Ho Chi Minh City on Wednesday. Nga Advised that increasing the cement price at this time would cause negative impacts on socio-economic development and create conditions for the illegal import of cement, which would put cement producers, not consumers, in a difficult situation. He pointed out key measures to s... |
Ghana weightwatchers11 March 2004, Published under Cement NewsGhacem has debunked claims by the Ghana Standards Board (GSB) that it had put underweight cement on the market. Briefing Journalists in Accra, Bjarne Schmidt, Managing Director of the Company, said considering the nature of equipment used at the Ghacem works, it is virtually impossible for the company or anyone to put out underweight bags on the market. Ghacem reportedly recently increased its prices by 31.2 per cent. Mr Schmidt said similar procedures were followed at both of the Compa... |
Egyptian Beni Suef Cement employees offer share sale11 March 2004, Published under Cement NewsThe employee union of Egyptian cement producer Beni Suef Cement has offered for sale its 5.0 per cent stake in the company equal to 1.65 million shares, it was reported on March 10, 2004. The shares will be sold to the highest bidder. Interested parties should submit their purchase offers to the head of the employee union at the company’s headquarters in Beni Suef, northern Egypt. The company is 95 per cent owned by French building materials group Lafarge and Greek cement producer Titan thr... |
ACC sales growth10 March 2004, Published under Cement NewsAssociated Cement Companies Ltd (ACC) India’s second largest cement maker, expects revenue to grow 11 per cent in the current financial year, due to strong demand. "Our revenue growth would be in line with the growth we’ve seen in the past nine months, which is at 11 per cent," President (Finance) Nash Italia told Dow Jones Newswires in an interview Wednesday. ACC’s revenue in the previous financial year ended March 2003, was 28.77 billion rupees ($1=INR45.22). "Our sales in the cumulat... |
Gujarat asks cement firms to cut prices10 March 2004, Published under Cement NewsTo keep the feel-good factor going, Gujarat government has asked cement manufacturers in the state to reduce price of the commodity by Rs10 a bag. In other parts of the country also, manufacturers were asked to reduce prices, The Time4s of India reports. A bag of cement now costs Rs 10 less in Pune. Prices have been rising since September-October. In Gujarat, prices are up by nearly Rs 30 a bag. Demand is apparently also not picking up. Cement manufacturers inked a pact in November last ye... |
Ghacem market share10 March 2004, Published under Cement NewsThe Marketing Manger of Ghacem, Dr. George Dawson Amoah has said that Ghacem’s 70 per cent market share in the country would not dwindle despite the vigorous marketing strategies of other cement manufacturing and importing companies. Against what had been suggested by some industry analysts, it would rather be motivated by the competition to increase its market share to maintain its position as the market leader. Industry analysts have said that, with the marketing strategies being implemen... |