Cement News tagged under: trading
Lucky cement sets up storage at Karachi Port, Pakistan09 March 2009, Published under Cement NewsLucky Cement has set up a modern storage facility and ship loading terminal for loose cement at the Karachi Port for exports. According to company sources, the terminal, set up at Berth No 25 of West Wharf, has a capacity of 24,000t of cement. |
Lucky starts new loading at Karachi port, Pakistan02 March 2009, Published under Cement NewsLucky Cement Limited announced that the company has successfully started operation of export oriented loose cement storage and ship loading terminal at Berth 25 West Wharf, Karachi Port. This is a state of the art project based on latest technology from Europe and the first of its kind in the South East Asia and Middle East Region, said an official announcement of the company at Karachi Stock Exchange on Feb. 27, 2009. On arrival of ships the loose cement is pumped directly into sea going v... |
Nigeria: stakeholders call for price reduction27 February 2009, Published under Cement NewsThe Organised Private Sector (OPS), yesterday urged the Minister of Commerce and Industry, Chief Achike Udenwa to ascertain whether those granted concessionary licences to import cement actually utilised them or they traded them away for their selfish gains resulting in the current hike in the prices of the product in the country. Udenwa had last week directed local manufacturers to bring down the price of the product in the country. He said that the bulk of the licence granted for the imp... |
India: cut in excise duty25 February 2009, Published under Cement NewsIn a move to boost up the demand in domestic market, the government has announced 2% excise duty cut on bulk cement. Post announcement, excise duty will be levied at 8% or Rs230/tonne; whichever is higher. Post excise duty cut, the prices of bulk cement are expected to come down by Rs3/tonne, provided companies pass on the benefit to consumers. However, bulk cement contributes just 8-10% of total cement off-take and thus expected to have marginal impact on overall cement demand. Extension ... |
Seabulk to handle Lanka Cement ops23 February 2009, Published under Cement NewsSeabulk International Bulk Handling Services, an Italian Cement transporting firm has submitted a proposal to set up operations to transport cement of Lanka Cement Ltd (LCEL), according to top LCEL officials. "Seabulk met up with LCEL management on Wednesday to submit a proposal in order to operate a ’floating factory’. This will be a bagging and transporting plant atop a ship," Sisira Paranagama, Chairman LCEL, told The Sunday Times FT. He explained the particular ship Seabulk has agreed ... |
India: No slowdown effect on cement demand16 February 2009, Published under Cement NewsHas the cement industry managed to ward off the worst of the recent economic slowdown? Strong despatch numbers from cement manufacturers over the past three months and relatively firm cement prices seem to indicate this. Industry-wide despatches, which grew at 4.8 per cent in October, moved to a healthy double-digit growth in November and December and remained at over eight per cent in January. The despatches of the top five companies (ACC, Ambuja Cements, Grasim Industries, UltraTech Ceme... |
Dominican cement makers reject official’s pledge to allow imports12 February 2009, Published under Cement NewsThe Dominican cement makers grouped in ADOCEM rebuked the Industry and Commerce Minister’s recent announcement that imports of the product would be allowed to force prices down. ADOCEM president Huáscar Rodriguez said the Dominican cement industry has been always open to local and international competition, supporting free enterprise. “The cement market is totally open in Dominican Republic. Whosoever is interested in joining it as a local producer or importer can participate fairly and eth... |
Pakistan cement exports strong six-month growth11 February 2009, Published under Cement NewsPakistan cement exports have recorded a robust growth of 91.69 per cent to US$ 289.217m during July-December 2008 over same period last year. According to exports statistics, cement export volume also surged by 62.67 per cent to 4.733Mt during six month of current fiscal year over the corresponding period of 2007. Pakistan had shipped 2.91Mt of cement worth US$150.781m during the same period last year. ‘According to cement manufacturers, the cement export was up due to rising demand in UA... |
Colombia to slash tariffs on cement imports10 February 2009, Published under Cement NewsThe Colombian government decided to eliminate a 10% tariff on imported cement to limit price increases in the local market and boost competition, Environment and Housing Minister Juan Lozano said Monday. The prices of cement has risen between 14% and 20% so far this year, Lozano told Caracol Radio station on Monday. He said the government doesn’t want the price increase to hurt the big infrastructure projects and the construction of housing. Lozano didn’t specify when the tariff cut would ... |
Pakistan seeks alternative export markets09 February 2009, Published under Cement NewsThe Pakistan cement industry is seeking an alternate export market other than India, as it has not exempted the import duty on Pakistani cement, which is damaging the exports of the sector, DG Cement sources told this here on Tuesday. Pakistan’s cement industry has now decided to completely abandon the cement exports to India citing an unfavourable business environment. Exports to India during January 2009 were recorded significantly lower at 10,000t, due to the import duty on cement, which... |