Cement News tagged under: trading
Republic Cement vows to cooperate with DTI, Philippines06 January 2010, Published under Cement NewsRepublic Cement Corp., the Philippines largest cement firm, Wednesday said they are cooperating with the Department of Trade and Industry (DTI) against unscrupulous traders that have been overpricing and hoarding cement stressing that cement supply has already normalised and that retail prices for its cement should be within PHP210 to PHP215 per 40-kilogram bag only in the National Capital Region. Rene Sunico, president of Republic Cement Corp., has clarified that supply from deliveries fro... |
Cement price lowest in sub-region - Ghacem CEO17 December 2009, Published under Cement NewsMorten Gade, Managing Director of Ghacem Limited, and member of the Ghacem Cement Foundation, has pointed out that the market price of cement in Ghana was the lowest in the West Africa sub-region. He further noted that Ghacem had succeeded in partially substituting imported raw materials with local raw materials, resulting in "24 per cent of the content of every bag of Ghacem Super Rapid being based on local limestone from the company’s quarry in the Eastern Region." In addition, Ghacem wa... |
Potential for the Port of Houston, USA14 December 2009, Published under Cement NewsThe Port of Houston could further cement its dominance in the export trade once a US$5.25bn project to widen the Panama Canal finishes in 2014. Five facts about the Port of Houston: * The Port of Houston Authority operates the port’s public facilities, including eight cargo terminals, and maintains the 50-mile (80-km) ship channel that connects the fourth-biggest U.S. city to the Gulf of Mexico and global markets for trade. The port is one of the largest industrial complexes in the nation... |
EAPC: cement needs tariff wall14 December 2009, Published under Cement NewsThe East African Cement Producers’ Association is petitioning the five East African Community partner states to restore a 35 per cent tariff on imported cement products or face legal action at the East African Court of Justice to protect the collapsing industry. The association says it is trying to save the closure of the seven cement manufacturing plants in Tanzania, Kenya, Uganda, Rwanda and Burundi, which between them employ more than 5,000 people. Governments in EAC need to sit down wi... |
Caribbean/Guyana: Caribbean Court test case14 December 2009, Published under Cement NewsA trade row over Guyana’s cement imports is finally settled with a tough stance taken by the court. The Caribbean Court of Justice (CCJ) has recently settled a case that had threatened to undermine the legitimacy of the new entity and underscored the capacity deficiencies that face the Caribbean region as it moves to implement the Caricom Single Market and Economy (CSME). Relief came when Guyana finally agreed to reinstate Caricom’s Common External Tariff (CET) on cement in October 2009, fo... |
Saudi Arabia halts exports of sand12 December 2009, Published under Cement NewsSaudi Arabia has halted exports of sand, which is causing problems in Bahrain and other countries that depend on imports of high quality Saudi sand. Stuart Burns in MetalMiner reports that "Saudi Arabia has more sand than oil but unlike it’s oil, the sand and gravel are predominantly in rather inaccessible areas and the cost of transport for such a comparatively low value product is uneconomically high." So the Saudis are keeping what they’ve got to themselves. The material shortages have ... |
Jamaican cement now on sale in Belize10 December 2009, Published under Cement NewsBelizean builders have grown accustomed to cement from Central America – whether it’s Cemento Maya from Mexico, Cessa from El Salvador or Bijao from Honduras. Indeed, Belize’s post – modern construction boom was driven by materials these companies. But now there’s a new players on the market – and what makes it news is that it’s a product not from Central America, but from Jamaica – imported into Belize cheaper because it enjoys the Caricom Single Market and Economy tariff – which is lower f... |
Rising coal price adds to investor worry, India10 December 2009, Published under Cement NewsCement stocks have sharply underperformed the broader market over the past six months. For instance, ACC ended at Rs 816 on Wednesday and has declined 4% during this period compared to a 3.8% rise in the Sensex. Other leading stocks in the sector have not fared much better either, with Ambuja Cements falling 3.6% during this period, while India Cements fell 29%. In fact, the under-performance of cement stocks was highest towards mid-October. Investor concerns relate to the key input for ... |
South Florida cement maker starts export push09 December 2009, Published under Cement NewsExporting South Florida cement from Port Everglades to Panama today proves how much work it takes to shift trade gears and save local factory jobs during the U.S. business slump. The key problem, managers found, was that transport systems are well-developed to bring cement into Florida, but not to ship it out in large quantities. Loading a ship in Broward with tons of cement made in west Miami-Dade is "like filling a swimming pool with a coffee cup and taking that cup 30 miles each way," s... |
The Philippines: No extension for zero duty on cement01 December 2009, Published under Cement NewsTrade and Industry Secretary Peter B. Favila will not endorse the extension of the zero duty on imported cement noting it is just a month longer before the zero duty regime in ASEAN takes effect. “I will leave it to the Tariff Commission to assess the situation if we have to extend the tariff or not,” he said. Favila also hastened to add that, “It’s just a month away before ASEAN go tariff-free.” Imported cement, however, is not sourced from ASEAN, although Favila said that Indonesia coul... |