Cement News tagged under: trading
Abu Dhabi cement prices rise, UAE22 August 2011, Published under Cement NewsCement prices in Abu Dhabi rose 8.1 per cent in July compared to the previous month, the latest monthly report on the prices of building materials in the emirate by Statistics Centre Abu Dhabi (Scad) showed on Saturday. According to the report, the average prices of several building materials groups have undergone changes during July with the largest rise recorded in the average price of the aggregates and sand group, which climbed 17.7 per cent in July, as all items within this group regis... |
Ohorongo accused of monopolistic practices, Namibia18 August 2011, Published under Cement NewsChairperson of the Namibia Chamber of Commerce and Industry (NCCI) Northern Branch, Tomas Koneka Indji has accused Ohorongo Cement of monopoly by exploiting the local market as the only cement producer in Namibia. A fortnight ago, Managing Director of Ohorongo Cement, Hans-Wilhelm Shutte was quoted by a local daily newspaper expressing concern over the increased cement imports from Asia, specifically China, which he claimed threatens Ohorongo and jobs at the plant. “If we continue to inc... |
Sri Lanka Minister rejects calls for price increases18 August 2011, Published under Cement NewsSri Lanka’s Internal Trade Minister Johnston Fernando while rejecting the demand for a price increase of a 50kg bag of cement by Rs.35 as requested by three cement companies recently, has instructed the Consumer Affairs Authority (CAA) to raid traders who sell cement beyond the controlled price of Rs750. The decision was taken by the minister after a discussion with the relevant officials and authorities at the ministry. CAA sources also said that it had no plans to increase cement price... |
Ministry clears CMS of cement supply monopoly claims, Malaysia17 August 2011, Published under Cement NewsCMS Cement has been cleared of allegations that it monopolised the supply of cement in the state by the International Trade and Industry Ministry (MITI). “MITI clarified that it was untrue given that there is no policy to restrict the import of cement,” the company said in a press statement yesterday. “However, MITI explained that with the current demand lower than production capacity at the state’s two cement manufacturing plants, the situation did not warrant other players in the state.”... |
Nigerian prices rise again16 August 2011, Published under Cement NewsCement prices in Nigeria have risen again, this time by 66.6 per cent, to NGN3000 per bag (US$19.5) from NGN1800, despite spirited efforts by stakeholders to hold the prices down. Local cement manufacturers had been given import certificates by the Federal Government, in an effort to bridge the short- fall in supply early in the year, when cement prices were soaring uncontrollably. Informed industry sources told BusinessDay however, that the certificates, which have limited timeframes, ha... |
British market set for competition probe16 August 2011, Published under Cement NewsBritain’s Office of Fair Trading sent the aggregates, cement and ready-mix concrete markets for a prolonged investigation on Tuesday after an initial study raised concerns about the conduct of major firms towards smaller operators. The OFT said it had identified a number of features that could restrict or distort competition in the industry, which had a combined turnover of up to GBP3.4bn in 2009, and it had referred the sector to the Competition Commission for a detailed investigation. ... |
Update on Indian cement cartel investigation16 August 2011, Published under Cement NewsDespite the name of 10 cement producers being presented to the Ministry of Corporate Affairs (MCA) for cartelisation practices, a senior official told Business Line that only the top three will be probed. “We were told to look into the top three only; I don’t know why the others were let off. But this does not give the others a clean chit. We may or may not look into them,” the official said. Earlier, the MCA had ordered the Serious Fraud Investigation Office to probe only the top three: AC... |
Three Pakistan producers seek to rise prices14 August 2011, Published under Cement NewsAmid the crisis triggered by the import of sub-standard cement from Pakistan, three local cement companies have sought the approval of the Consumer Affairs Authority (CAA) to increase the price of a 50kg bag of cement by Rs.35, officials said yesterday. The country is facing a severe shortfall in cement with the government accusing traders and manufacturers of hoarding stocks and thus creating an artificial shortage as a means of increasing prices. In an attempt to remedy the situation, the... |
Govt examining SFIO report on cement makers, India05 August 2011, Published under Cement NewsThe Corporate Affairs Ministry is examining an SFIO investigation report on cement manufacturing majors ACC, Ambuja and Ultratech, Parliament was informed. The MCA’s investigating arm Serious Fraud Investigation Office (SFIO) was ordered "under section 234 (6) of the Companies Act, 1956, on Ultra Tech Cement, Ambuja Cements and ACC into the affairs of the company," Minister of State for Corporate Affairs RPN Singh said in a written reply in the Lok Sabha. "SFIO has since submitted its repo... |
Bolivian government rules out price band04 August 2011, Published under Cement NewsBolivia’s Minister of Production Development, Teresa Morales said Wednesday that she rules out the implementation of a price band for cement and reported that it works with the country’s cement sector, to ensure imports of clinker. In a news conference, Morales said that "there is no official price, there is no price band for cement," revealing that [the government] is working with the cement sector in an exchange of information, during which "we have found that the importation of clinker... |