Cement News tagged under: trading
Cementos Yura to export cement Bolivia08 October 2010, Published under Cement NewsGloria group filial Cementos Yura has been cleared by the Bolivian government to export 10,000 - 15,000t of cement per month to Pando. Humberto Vergara Quintero, general manager Yura explains Bolivia has an annual consumption of 2.6Mt of cement and the installed capacity meets up to 90% of the demand heated by the construction industry (with a 9.5% growth from Jan - June 2010), thus prices were raising and the government formed a rotating fund of US$3m for imports and stabilise the market. |
Philippines: gov’t to extend zero tariffs on cement30 September 2010, Published under Cement NewsThe government is inclined to retain the import tariffs on cement at zero in a bid to move to maintain the stable market prices. Trade Secretary Gregory Domingo on Thursday disclosed executive orders extending the zero tariffs on cement for a period of six-month will likely be issued next month. An executive order, signed by then President Arroyo which temporarily removed the import duty on cement, expired last August. Domingo, in a press briefing in Malacañang, said the technical committ... |
Firms sign clinker export deal to Bangladesh24 September 2010, Published under Cement NewsHoang Phat Vissai Group Company Ltd has signed deal with Hong Kong’s Peakward Enterprises Holdings Ltd. to export 1.2Mt of clinker to Bangladesh, the country’s biggest of cement export contract so far. Under the contract worth VND1 trillion ($51.28m) signed Sept 23, Hoang Phat Vissai Group will export 100,000t per month to Bangladesh, the group said on its website. The first shipment will be implemented on October 1. On July 29, the company exported the first batch under a 100,000t clinke... |
East Africa cement makers call for higher import duty21 September 2010, Published under Cement NewsThe request for state governments within the East Africa region to introduce double tax duty on imported cement has hit a snag as the governments had turned a blind eye to the manufacturers appeal. Cement imported from India, China and Pakistan into the East African Community (EAC) member states is hurting local manufacturers since it is sold at a very cheap price than the locally manufactured products. The massive imports have had a major effect on Tanzania’s cement industry, where two of ... |
Jamaica’s ADSC submits report on anti-dumping case14 September 2010, Published under Cement NewsJamaica’s Anti-Dumping and Subsidies Commission (ADSC) has ruled that cement imported from the Dominican Republic is being dumped in Jamaica, and that there was evidence of some injury to the domestic industry as a result, scoring a Round One victory to Caribbean Cement Company Limited. But in its preliminary findings released Thursday, the commission also said that the majority determination was inconclusive as whether the injury was ’material’. That is to be determined in the next phase o... |
Philippines: review on zero tariff items ordered13 September 2010, Published under Cement NewsThe Department of Finance has asked for a review of the zero duty on four items ’ cement and clinker, flour, wheat, and some chemical products ’ as the agency seeks to plug all revenue leakages to generate more funds for the government. Trade and Industry Secretary Gregory L. Domingo has confirmed the instruction even emanated from Malacanang, but said he has yet to discuss this formally with Finance Secretary Cesar V. Purisima. The DTI is chair of the technical committee of the Tariff and... |
Competition panel to probe price cartel in cement, India13 September 2010, Published under Cement NewsThe Competition Commission of India is set to investigate increase in prices of cement by the manufacturers and is also looking into whether a cartel is at work in determining the prices. In a recent letter to the companies, the office of the Director General in the Commission has said that it has been asked to investigate the alleged increase in cement prices and has sought a whole lot of information from the cement companies. According to reliable industry sources, the Director-General h... |
Bangladesh: calls for improved export environment07 September 2010, Published under Cement NewsCement companies in Bangladesh have urged the government to develop the infrastructure and increase the ability to increase exports to India and other SAARC countries. "Bangladesh has a target to export cement worth US$7m in the current fiscal (2010-11), but without developing the infrastructure and solving the problems of non tariff barriers with India, the fulfillment of the target remains a mirage," an official of MI Cement Factory Ltd, the manufacturer of Crown Cement told the FE Monday... |
India: Cement glut to keep prices soft till June 2011: HeidelbergCement20 August 2010, Published under Cement NewsThe talks of INR10 per bag increase in cement prices in Mumbai did move some of the cement stocks yesterday, but where is the sector headed? Talking about the outlook of the sector, Ashish Guha, MD, HeidelbergCement told CNBC-TV18 that oversupply in the sector will keep prices soft. The entire June-August quarter had not seen any mentionable price recovery, primarily due to oversupply and the situation is likely to continue until June 2011. He does not see any uptick in prices in south Indi... |
India: cement companies rally on price hike reports20 August 2010, Published under Cement NewsShares of cement companies zoomed higher after reports that the Maharashtra based cement companies have hiked price by INR20 per 50kg from today. ACC was up 2.95 per cent, Ambuja Cement gained 5.62 per cent, Ultratech Cement advanced 2.39 per cenet, Heidelberg Cement rallied 3.62 per cent, India Cement moved 4.03 per cent higher, Rain Commodities rallied 12.92 per cent. |