Cement News tagged under: trading
Nigerian manufacturers set to meet government directive23 May 2011, Published under Cement NewsThe Cement Manufacturers Association of Nigeria Tuesday in Lagos said that the association is working on ways to meet the Federal Government’s directive on reduction of prices of cement. Mr. James Salako, Executive Secretary of the association, told the News Agency of Nigeria (NAN) that some factors outside the control of manufacturers were responsible for the high prices. "But part of our plans is to step up production to push more cement into the market and ensure that more cement penetr... |
Federal Government of Nigeria intervenes to bring prices down? ?17 May 2011, Published under Cement NewsThe Federal Government of Nigeria yesterday gave a 30-day ultimatum to cement manufacturers in the country to bring down cement prices. Speaking during a meeting with cement manufacturers at the Presidential Villa, Abuja, the president said the decision to bring down the price of the product “is to make it more accessible to Nigerians”. Fielding questions from State House correspondents after the meeting, Ima Niboro, special adviser to the president on media and publicity, said the manuf... |
Mexico sees modest rise in cement prices16 May 2011, Published under Cement NewsThe producer price index for April, published by INEGI last week, reported an increase of 0.4% in the price of cement in Mexico. Cemex, Apasco, Cruz Azul and Montezuma have raised their prices between 1-4% per month so far this year. According to analysts at brokerage Acciones y Valores-Banamex, Cemex is asking for MXN113.23/bag (US$9.6), Apasco MXN108.56, Cruz Azul MXN103.60 and Montezuma at MXN105.83. May saw an average increase of 0.2% per year, leaving average retail prices in Mexico a... |
Paraguay to import Chilean cement12 May 2011, Published under Cement NewsThe Paraguay Chamber of Construction (Capaco) is negotiating with Chilean businessmen to import cement from that country. At PYG40,000/bag (US$10), including delivery to a works in the metropolitan area, the Chamber of Mines of Chile offers a cement at a much lower price than local production. Output from the national producer, Industria Nacional del Cemento (INC) is currently sold at PYG50,000-55,000 on a comparable basis. Capaco president, Ana Lucy Porro, said the miners have their own... |
Industria Nacional del Cemento requests price increase, Paraguay11 May 2011, Published under Cement NewsParaguay’s sole cement producer Industria Nacional del Cemento (INC) will be asking the government to approve a price increase for cement. At the moment a bag of cement changes hands for PYG35,000 (US$9)but Édgar Acosta, president of INC, has asked the government to allow a price rise to PYG42,000. The price increase will allow the company to make necessary investments. "We will make an official submission to the President on the need for an increase, but we state that the need is related ... |
Pakistan association calls for inland freight subsidy11 May 2011, Published under Cement NewsAll Pakistan Cement Manufacturers Association (APCMA) has asked the Federal Minister for Finance, Dr Abdul Hafeez Shaikh to release PKR270m for inland freight subsidy. In a letter written to the financial head of the government, Aizaz Mansoor Sheikh, APCMA chairman, requested the finance minister (FM) intervene in the matter to provide relief to the industry, which has been incurring severe losses due to high production costs, declining exports and decreasing local demand. He reminded the... |
Ohrongo defends pricing position, Namibia11 May 2011, Published under Cement NewsRecent consumer complaints about current prices of cement in the market have displeased local market leader, Ohorongo Cement, which says contrary to the complaints, the average cement price has gone down since the opening of its cement plant at Otavi. Consumer complaints have surfaced stating that there is little price differentiation between competing cement brands. Complaints are of the retail prices, and specifically from further inland where prices have shot up in recent weeks. There ... |
Saudi Ministry begins naming price manipulators26 April 2011, Published under Cement NewsSaudi Arabia’s Ministry of Trade and Industry began this week “naming and shaming” entities selling cement above the set ministry price of SAR14 per bag (US$3.7). The ministry named the cement trading company Abdullah Bin Muhammad Bin Ibrahim Al-Atyan for selling cement at SAR19 and investigations are continuing with the owners of several other firms observed conducting the same practices. A source from the ministry told Okaz/Saudi Gazette that increased monitoring at cement markets and m... |
India obstructing Pakistan cement exports25 April 2011, Published under Cement NewsThe Bureau of Indian Standards (BIS) is delaying the issue of quality certification to Pakistani cement exporters, preventing them from exporting to India, it was reported in Pakistan newspaper, The Nation. Pakistani exporters must obtain quality certification from the BIS, which issues two-year licenses to the exporter after visiting the factory premises and conducting laboratory tests. The BIS conducts a mandatory quality inspection once in each two-year period before it can issue a renew... |
Cement prices worry traders, Saudi Arabia18 April 2011, Published under Cement NewsPrices of cement have been changing since last week with a general trend toward rise in prices of other construction materials as well, traders say. The price of a bag of cement went up last weekend to SR20 before falling to around SR17, but traders say they expected the figure to rise again as supply dropped at the start of the new weekend. One salesman at a central Jeddah market said that only two van loads of cement appeared at the site last Friday morning, a sharp fall from the usual ... |