Cement News tagged under: trading
India: cement prices remain low in southern markets18 August 2010, Published under Cement NewsCement prices in Andhra Pradesh, in particular, and southern markets, in general, continue to be on the lower side due to increased supply and slow pick-up in demand. The price range of cement now is between INR135 and INR160 a bag (ex-godown). “The price now is lower than the break-even price. I see this as result of increased supply,” Mr Srikant Reddy, executive director, Sagar Cements Ltd, told Business Line. “Not only in Andhra Pradesh, entire southern markets are down. I see this as c... |
Nigeria: price of cement may fall by December18 August 2010, Published under Cement NewsThe Cement Manufacturers Association of Nigeria (CEMAN) on Tuesday in Lagos said that the price of cement would likely fall before the end of the year. The chairman of CEMAN, Joseph Makoju, disclosed that cement production would reach some 18Mt by 2011 from the current 11Mt. According to Makoju, with such a development, cement production will go beyond local demand. He said that the boost in production was due to the Federal Government’s policy to encourage local production and banned the i... |
Heidelberg’s Ciments du Gabon may close as cheap imports threaten business17 August 2010, Published under Cement NewsCiments du Gabon SA, a unit of HeidelbergCement AG known as Cimgabon, may close operations after losing 40 per cent of market share in the West African nation because of an increase in imports from competitors, Development Director Arthur Meka Me Ndong said. “If this situation continues, there is a real danger of bankruptcy for Cimgabon and redundancies for its 300 employees,” he said by phone from the capital, Libreville, yesterday. Cimgabon was the sole operator in the country until the ... |
Import of cement and cement clinkers reduced in Azerbaijan16 August 2010, Published under Cement NewsIn January-June Azerbaijan imported about 630,350t of cement and cement clinker, which is 24.6 per cent less than the same period last year, the Azerbaijani State Statistics Committee said. Cement and cement clinker in January-June was imported to the amount of about US$29.2m, which is seven per cent less than that of 2009. Cement clinker in January-May was imported to the amount of 234,300t, 37.3 per cent less than the last year. Clinker was imported to the amount of about US$11.46m, four ... |
Pakistan monthly exports fall steeply - July09 August 2010, Published under Cement NewsPakistan cement exports in the month of July suffered a steep drop by 22 per cent, compared to the same month last year. A principal manufacturer attributed the downturn to non-payment of ‘inland freight subsidy’ by the government. Figures of the outstanding amount varied but financial officials at several companies put the finger on or about Rs400m. Producers and traders of concrete like other commodities lamented the delay in declaration of Trade Policy 2010-11. “It normally follows on ... |
Philippine producers press for tariffs29 July 2010, Published under Cement NewsPhilippine cement manufacturers yesterday called for tariffs on cement to be reimposed during a hearing on whether to retain the duty-free status of imports. Allowing the duty-free entry of foreign-made cement and clinker threatens local manufacturers, even as their market share has remained intact under the 0% tariff regime in place for nearly two years now, the Cement Manufacturers of the Philippines (CeMAP) said. The Tariff Commission held the public hearing yesterday as the government ... |
Cement exports from Pakistan and Tajikistan26 July 2010, Published under Cement NewsExpansion of trade cooperation between Tajikistan and Pakistan was a major topic of a meeting of Sharif Said, the head of Tajikistan’s Chamber of Commerce and Industry (CCI), with Pakistani delegation that took place here on July 19, according to the CCI press service. The Pakistani delegation members included Mr. Nazir Ahmed Peracha, director, Gharibwal Cement Ltd, Mr. Mohammad Ishaq Sambl, marketing and export manager, Shahpur Commerce (PVT) Ltd, and Mr. Humayun N. Sheikh, chairman, Azgard... |
Algeria to source additional cement imports21 July 2010, Published under Cement NewsAlgeria will import 350,000t of additional cement. The association of construction material distributors (Sodmac) launched Tuesday, 20 July a call for international tenders in this regard. The opening of bids will take place next August 17, said Sodmac. In January 2010, the industrial public group of Algeria cements (GICA) had already launched a tender to import 1.5Mt of cement. Algeria faces frequent shortages of cement with prices continuing to skyrocket in the retail market. Despite ... |
Minister – imports not required in Nigeria19 July 2010, Published under Cement NewsFor Nigeria’s Minister of State for Finance, Mr. Remi Babalola, it does not make sense for Nigeria to still continue importing cement, 50 years after independence, despite the abundant limestone deposit in the country. Babalola spoke with Daily Sun in Abeokuta, Ogun State capital shortly after the inauguration of a 1.2Mt quarry belonging to Multiverse Plc at Alaguntan Village in Obafemi-Owode Local Government Area. According to him, Nigeria should be able to export cement to othe... |
Philippine producers want 5% duty restored19 July 2010, Published under Cement NewsPhilippine cement manufacturers said they would formalise their position before the Tariff Commission to restore the five per cent duty on imported cement as the threat of imports flooding in an open market is very real. The Manila Bulletin reported that the Tariff Commission will conduct public hearing next week, July 28, regarding the review of the zero rates of duty on cement and clinker The Cement Manufacturers Association of the Philippines (CeMAP) said they will formally present th... |