Cement News tagged under: trading
Senate rejects cement probe24 July 2006, Published under Cement NewsThe Jamaican yesterday rejected a private member’s motion brought by the Opposition to appoint a Joint Select Committee of Parliament to examine the cement crisis. The rejection of the motion brought by Opposition Senator, Shirley Williams came after more than five hours of debate. The motion is one of several attempts made by the Opposition to have the Industry and Commerce Minister, Phillip Paulwell held accountable for the release of faulty cement on the market, which in February resulte... |
Iranian exports plunge21 July 2006, Published under Cement NewsAccording to “Tehran Times”, Iran exported some 121,000t of cement for a US$6.8m valuation in the first three months of the current Iranian year, down 10 per cent in value compared to the same period last year. |
Cape Verde weaker performance21 July 2006, Published under Cement NewsSecil said that its performance in Cape Verde last year was rather weak due to sizeable losses in the group’s operations in the archipelago. Sales from Inertes de Cabo Verde (ICV) fell 17 per cent in tonnage to 87,000t and 22 per cent in value to Euro 1.04m as a main customer “significantly reduced its orders.” Secil increased its shareholding to 65 per cent in Intertrade, an ICV subsidiary, last year. |
Pelindo Joins Tonasa on cement shipment17 July 2006, Published under Cement NewsPT Pelabuhan Indonesia (Pelindo) III has been cooperating with PT Semen Tonasa to optimize the utilization of harbor of Celukan Bawang as the special harbor for cement as well as to meet the cement demand of 70,000 tons per annum in the area. Faris Assagaf, the Operation Director PT Pelabuhan Indonesia III, said that the company has signed agreement on the utilization of the special harbor of Celukan Bawang. The cooperation, he said, is also based on the synergy principles of state ... |
Import price of clinker up 5% to $30/t14 July 2006, Published under Cement NewsThe import price of clinker experienced a modest increase of 5 per cent in the first six months of this year, reaching US$30 per tonne, says the Vietnam Cement Corporation. The country last month consumed about 2.6Mt of cement, lifting the total quantity of cement sold in the first half of this year up to 16Mt. |
JLP warns of another cement crisis, Jamaica13 July 2006, Published under Cement NewsThe Opposition Jamaica Labour Party (JLP) is warning that the country could soon face another cement crisis. JLP Spokesperson on Commerce, Senator Shirley Williams, says while there has been an ease in the cement shortage, indications are that demand will soon outstrip supply. She says over the next two to three months, another four major construction projects are to come on stream resulting in an even greater demand for cement. According to Senator Williams, the government must take a mor... |
Constructors accuse Eurocement of overpricing, Russia10 July 2006, Published under Cement NewsHardly has Eurocement made peace with the Federal Anti-trust Service, when it found itself in the midst of another scandal. Constructors have accused it of creating artificial shortage and overpricing. The Russian Association of Constructors has sent an open letter to the government. Experts confirm both the shortage and the growing prices. Eurocement denies all accusations. "It is all because of the booming demand, which has soared by 20 per cent since April alone," a company represent... |
More cement from imports, Carib Cement06 July 2006, Published under Cement NewsSome 22,500t of cement are expected to hit the local market this week - thanks to imports and increased output from Jamaica’s sole cement manufacturer, Carib Cement Ltd. The cement is expected to ease the shortage on the market since February when it was revealed that several tonnes of the product sold to the market by Carib Cement was defective. According to the government, some 3500t of cement were imported into the island by ARC Systems last week, and Carib Cement produced 19,000t. This... |
Cement shortage continues in Jamaica05 July 2006, Published under Cement NewsOver in Jamaica, months after Caribbean Cement Company Limited’s recall of 500t of cement that crippled the construction sector, normality has not returned to the cement-starved industry. President of the Incorporated Masterbuilders Association of Jamaica, Michael Archer says while the waiting period has been drastically reduced, normality remains a desire. He disclosed that despite the cement company’s production that is complemented by thousands of tonnes of imports, an estimated 70,000t ... |
Penden Cement: rising demand from India05 July 2006, Published under Cement NewsDemand for cement has increased and sufficient orders are at hand for the coming months but the monsoon which floods the plains in India and block roads in Bhutan is, as in the past, a thing to worry about, say officials of the Penden Cement Authority Limited in Gomtu. The sufficient orders come mostly from the National Hydroelectric Power Corporation (NHPC) in India, which has two major projects in Sikkim and West Bengal with a quarterly demand of about 60,000t to 70,000t each. Penden off... |