Cement News tagged under: trading
Cement barge runs aground03 January 2009, Published under Cement NewsA 60m empty cement barge ran aground near McMicking Point, Vancouver on New Year’s Day. Staff from Vancouver-based Lafarge, the company that owns the barge is however keeping quiet on how the barge ran aground but high winds that day could have been a factor. Previous reports note the barge was under tow by a single tug. No one was aboard the barge, which appears to be empty, but listing slightly in the shallow waters between Trial Island and McNeill Bay. Transport Canada officials say th... |
Indian producers welcome import duties03 January 2009, Published under Cement NewsAs the Indian government has brought back the countervailing duty (CVD) on cement the domestic cement industry has supported the move with HM Bangur, president of the Cement Manufacturers’ Association and managing director, Shree Cements told the Economic Times: “We welcome the move as cement industry’s long pending demand has been met.” Since last April, margins of Indian cement companies have been hit. This was when imported cement began coming in the country at a lower price. Now impor... |
Mozambique cuts cement tax as costs soar29 December 2008, Published under Cement NewsMozambique has suspended a 10.5 percent tax on cement imports for the next two years to counter rising building costs, a government official said on Thursday. Cabinet spokesman Luis Covane, said local industry was not producing enough cement to meet demand, resulting in prices soaring and that this has serious implications for the government’s public works programme," Covane told Reuters. Covane said national cement production covered 80 per cent of the needs in the sout... |
Yemeni cement exported to Djibouti29 December 2008, Published under Cement NewsAden Cement Factory exported on 12,500 tonnes of cement to Djibouti in late December and this represents the second such shipment, Yemeni news sources report. |
India: cement traders tighten credit to builders24 December 2008, Published under Cement NewsCome January and builders and contractors in Mumbai will face strict norms for credit on cement purchase as dealers have decided to deal with defaults. The norms, which are being made to prevent debt from turning into bad debt, will be effective from January 1. Cement traders are in a spot after some of the clients have been unduly delaying payments since September. Mumbai is the biggest cement market in the country with a monthly consumption of close to 700,000t. The city has over 200 cem... |
Sierra Leone Cement Corporation Limited - cement price reduction23 December 2008, Published under Cement NewsLeocem wish to inform the general public that the selling price of cement has been decreased with effect from December 15, 2008. The price adjustment is a consequence of the general reduction of the raw material and freight costs globally, and also a response to the Government’s efforts cost of fuel. The new prices for the various districts are being announced through the media. The company hopes that this move will contribute to accelerated construction activities and also make the product... |
India lifts ban on cement exports - trade ministry22 December 2008, Published under Cement NewsIndia has lifted a ban on cement exports, the trade ministry said, as price pressures eased and domestic demand is depressed due to a slowdown in construction activity. The Director General of Foreign Trade under the Commerce Ministry said in a notification on the weekend it had allowed cement exports "with immediate effect". The government had banned cement exports in May as part of efforts to increase local supplies and check rising prices. In the past few months, construction activity ... |
PITC to make first duty-free cement import22 December 2008, Published under Cement NewsThe Department of Trade and Industry (DTI) has ordered an initial duty-free importation of 1m bags of cement by the state-owned Philippine International Trading Corp. (PITC) to be made available at cheaper price to both public and private projects signaling the government’s seriousness to provide competition to the expensive locally manufactured cement. DTI Secretary Peter B Favila has already signed the order to PITC, the government’s trading arm, to make the imported cement available in ... |
Government plan to import cement bucked, Philippines15 December 2008, Published under Cement NewsA public administration expert and political analyst at the University of the Philippines cast doubt yesterday on the sustainability of a government plan to import Japanese cement, then sell it in the Philippines at an extremely low price. "To be candid about it, I personally believe this could not be done on a long-term basis because selling your goods at a loss is no way to run your business," Dr. Prospero de Vera said. De Vera was reacting to news reports quoting Trade Undersecretary El... |
Government plan to import cement bucked, Philippines15 December 2008, Published under Cement NewsA public administration expert and political analyst at the University of the Philippines cast doubt yesterday on the sustainability of a government plan to import Japanese cement, then sell it in the Philippines at an extremely low price. "To be candid about it, I personally believe this could not be done on a long-term basis because selling your goods at a loss is no way to run your business," Dr. Prospero de Vera said. De Vera was reacting to news reports quoting Trade Undersecretary El... |