Cement News tagged under: trading
India: cement dispatches to log 5-7% growth in February08 March 2011, Published under Cement NewsCement deliveries grew marginally in January this year by 1.4% YoY and are expected to rise 5-7% YoY in February, according to experts. This upturn comes after a 3% YoY decline in December and 6% in November last year. The initial set of numbers indicate a mixed performance of dispatches for the sector, where ACC registered an impressive performance with a strong 17% growth, whereas UltraTech Cement and Ambuja Cement’s deliveries grew in the range of 4% - 5%. According to industry players, ... |
India: HeidelbergCement – cement price hike to counter rising coal rates08 March 2011, Published under Cement NewsThe cement space has been at the receding end of investor selling. One of the reasons is the recent hike in the raw material prices. Talking about the hike in coal prices, Ashish Guha, managing director of HeidelbergCement, said that the company hasten a rise of around 30% in raw material prices for cement as coal prices surged. “A and B grade coals have gone up by almost 150%, while the C,D,E and F grade coals have gone up by 30%,” he explained. He added that the ensuing price hike in ceme... |
Philippines: cement prices to rise PHP7-10 a bag04 March 2011, Published under Cement NewsCement companies have advised retailers of a price hike of between PHP7-10 (US$0.16-0.23) per 40kg bag. The price rises will take effect as of next week, 8 March following the increased costs of fuel, raw materials and transport. The local cement industry is dominated by the three global cement firms: Lafarge, Cemex and Holcim. The wholesale price of Lafarge (Republic brand) and Cemex (Rizal and Apo brands) is now at PHP184 per bag. Holcim Cement is selling at PHP170 for pick-up and PHP180... |
China’s export of cement in November 201004 March 2011, Published under Cement NewsChina exported 1,090,000t of cement valued at US$57.413m in November 2010. The export in January-November reached 15,230,000t valued at US$675.695m, up 5.1% and 6.3 % respectively YoY. |
Calls for more competition in Zambia cement industry15 February 2011, Published under Cement NewsZambia’s Competition and Consumer Protection Commission has called for the need to enhance the existing level of competition in the cement industry so that it will lead to more consumer choice. Commenting on Zambezi Portland Cement’s intentions to construct a new cement plant in Lusaka at a cost of US$120m, CCPC public relations officer Vaida Bunda said the cement industry has continued to depict a dominant market structure which has not resulted in the lowering of prices. “The price of ... |
Taiwan may impose anti-dumping duty on China27 January 2011, Published under Cement NewsTaiwan may impose an anti-dumping duty on cement products from China in the coming months if the government can confirm a negative impact on the local cement industry, officials said Wednesday. The Ministry of Economic Affairs’ International Trade Commission determined in a meeting Wednesday that Portland cement Types I, II and their clinker have caused "material damage" to Taiwanese companies. The Taiwan government started the anti-dumping investigation on Nov. 26 after eight major cement ... |
Pakistan export of cement to Afghanistan suffers27 January 2011, Published under Cement NewsAll Pakistan Cement Manufacturers’ Association (APCMA) said today that exports of cement to its land-locked neighbour Afghanistan are likely to suffer due to an increase in transit fees. The Afghan government has reportedly increased the transit fee at the Torkham border by 100 per cent for each truck that carries cement from Pakistan - effective from two weeksago. Afghanistan is the biggest importer of cement from Pakistan and any change in policy from any side will cause disturbance in... |
Pakistan cement prices rise20 January 2011, Published under Cement NewsCement prices in the southern part of Pakistan have increased by PKR10 per 50kg bag. An industry official revealed that the latest price hike has taken average cement prices to PKR340 per bag in Karachi and other cities in Sindh. However, prices remained unchanged in Punjab, Khyber-Pakhtunkhwa and adjoining areas. “The average price of a cement bag in Punjab is PKR315 to PKR320 right now,” a representative of Pakistan Cement Manufacturers Association told The Express Tribune. Cement prices... |
India calls for reduced VAT on cement17 January 2011, Published under Cement NewsThe cement industry last week submitted its pre-budget memorandum 2011-12 to the finance ministry, where it requested the government to bring the value-added tax (VAT) on cement on a par with other building materials like steel in the Budget and scrap import duty on coal, pet coke, gypsum and other fuels. While steel attracts 4 % VAT, for cement it is as high as 12.5%. Industry players argue that since both the materials are used for construction, cement should be given a level playing fie... |
Jamaica: imported cement could be capped at 20%12 January 2011, Published under Cement NewsImporters of cement to Jamaica could be hit with a 15-20 per cent quota on imports this year if the Ministry of Commerce decides there is an imminent threat to the local cement industry. This follows the ruling of the Anti-Dumping Commission, which conceded that cement was being dumped in Jamaica, but ruled that the dumping has not caused any "material injury" to the local industry which is headed by Carib Cement Company Limited (CCC). However, Commerce minister Karl Samuda, who met with ... |