Cement News tagged under: trading
China cement exports down in first 8 months24 November 2008, Published under Cement NewsChina exported less cement in the first eight months of this year as a result of ebbing demand in developed nations and more difficult market access at home and less export rebates, sources with the General Administration of Customs said Saturday. Mounting demand for post-disaster reconstruction at home, especially in the southwestern province of Sichuan, which suffered a major earthquake on May 12 and following aftershocks, also contributed to the decrease in exports, the sources added. F... |
CRH announces completion of EUR1.5bn debt facilities24 November 2008, Published under Cement NewsCRH plc’s Interim Management Statement, released on 11th November, disclosed that the Group was close to completing the renewal and extension of EUR1.5bn of bank facilities. These renewals have now been completed. |
Philippines: cement makers lament lifting of import tariff24 November 2008, Published under Cement NewsRepresentatives of the Philippine cement industry has criticised the government for removing the tariff on imported cement, warning that the industry may suffer losses of up to P20bn once sub standard cement is dumped into the country. “If dumping comes in, the industry will lose billions not to mention the 120,000 jobs,” Cement Manufacturers Association of the Philippines (CEMAP) president Ernesto Ordoñz said yesterday. On Nov. 7, President Arroyo signed Executive Order 766 which temporar... |
Vietnam raises import duty on cement21 November 2008, Published under Cement NewsThe Finance Ministry November 19 decided to increase the import duty on clinker and cement to 10 and 38 per cent, respectively, the Lao Dong newspaper reported. The ministry reduced import tax on clinker to zero percent in May. Earlier, the Ministry of Construction (MoC) proposed the prime minister to slash import duty on clinker imported from non-ASEAN countries to 0 from 10 per cent (just for 2008) and from ASEAN countries to 0 from five per cent for shipments imported from April 20. Th... |
Tax for imported cement returns in Russia21 November 2008, Published under Cement NewsAccording to Mr Victor Kovshevny the President of Cement Suppliers and Consumers Association said that in August the Government decided to prolong the 0 per cent tax “but no resolution was signed and five per cent tax automatically returned. He said that cement importers think that five per cent tax return is not accidental and it will be even increased. He said that “Taking into account difficult situation in the market the Government will rather confirm 10 to 15 per cent tax than prolong 0... |
Cement, wheat tariffs scrapped20 November 2008, Published under Cement NewsTariffs on wheat and cement will be temporarily removed in an effort to stabilse domestic prices in the Philippines. Import duties for both commodities, President Gloria Macapagal-Arroyo declared in two executive orders, would be cut to zero for six months "subject to further review." Domestic cement firms and corn growers criticised the move. Finance Undersecretary Gil S. Beltran said the revenue impact would be minimal. Imports are in fact expected to increase, meaning that value-added ... |
Cement despatch growth at four year low, inventory up20 November 2008, Published under Cement NewsThe 205Mt domestic cement industry which is haunted by a glut, has seen the lowest despatch growth rate in the last four years. During April-October 2008, the despatches’ growth stood at 6.27 per cent against 8.7 per cent during the same period last year. Last time when the growth had been so low was in FY05 when despatches grew 7.94 per cent during the first seven months. Slowdown in the infrastructure and housing sector is having its impact on the cement industry which currently is adding... |
Wholesale cement price goes up20 November 2008, Published under Cement NewsThe Commerce Commission yesterday gave the green light to Fiji Industries Limited (FIL) to increase its charges of bag and bulk cement by 15 per cent. FIL is the monopoly holder on local cement production and the commission is the regulatory authority responsible for price determination of cement products. A statement by the commission said the hike is based on increases in the landed cost of raw materials needed for cement production – clinker, slag and gypsum. General Purpose Blende... |
Cement producers look to import via Bangladesh19 November 2008, Published under Cement NewsLocal cement makers now weigh the feasibility of several import proposals they recently received from Sri Lanka, Saudi Arabia, Sudan and Kenyan companies. Although the industry people consider the present duty structure and high shipping charges ’unfriendly’ for the industry dependent on imported raw materials, they expect a successful tapping of the new export destinations for Bangladesh made cement on the possible decline in the international shipping costs in the wake of global financial... |
Export sops: marginal relief for cement companies19 November 2008, Published under Cement NewsThe export incentives offered by the Indian Government will have little impact on the prospects of the beleaguered cement companies as the benefits are restricted to specific countries that are hardly tapped. Cement exporters are entitled for tax refunds through the Duty Entitlement Passbook Scheme (DEPB). The sector has been included in the Focus Market Scheme of the Government. The Focus Market subsidy will be in the form of 2.5 per cent duty credits, which can be used for customs payments... |