Cement News tagged under: trading
Rock Hard Distribution Ltd fights back against jurisdiction20 August 2018, Published under Cement NewsThe Customs Committee of the Council for Trade and Economic Development (COTED) has come under fire from Rock Hard Distribution Ltd that says the body has "no jurisdiction" to consider the classification of Rock Hard Cement or any goods under the Common External Tariff. The CARICOM Secretariat had invited Rock Hard Distribution Ltd to a meeting on 15 August in Guyana to discuss the classification of cements, following the dispute over imported hydraulic cement to Barbados. However, a sta... |
Belarus and Russia trade US$400m of cement in 2014-1802 August 2018, Published under Cement NewsThe Belarusian Architecture and Construction Ministry (BACM) has announced that US$400m of cement was traded between Belarus and Russia between 2014-2018. Anatoly Cherny, BACM minister, and Mikhail Skorokhod, president of Eurocement Group, met on Wednesday to discuss 1H18 results and future tasks, according to Belarus Daily News. A bilateral document was signed in 2014 allowing Eurocement to sell Belarusian cement in Russia, fully satisfying the demand for the country’s cement on the Russi... |
HeidelbergCement reduces activity in Georgia01 August 2018, Published under Cement NewsDue to recent developments, HeidelbergCement's management has been forced to lay off close to 200 workers in Georgia and run the company at about 50 per cent capacity, because it can no longer compete with underpriced cement being sold on the Georgian market. HeidelbergCement currently employs more than 1300 people in Georgia and the lay-offs will impact on local families, says the company. Michael Hampel, general director of HeidelbergCement Georgia, has expressed regret to Versatile KS ... |
Pakistan cement industry earns US$222.84m in 12MFY1826 July 2018, Published under Cement NewsPakistan cement industry observed a positive growth of 0.9 per cent and a contraction of -6.3 per cent in terms of quantity and value in dollars respectively between July and June 2018, according to official government data. According to the Federal Bureau of Statistics, Pakistan's cement industry exported 4.559Mt of cement and earned foreign exchange revenue of US$222.84m during FY18 compared to 4.519Mt of cement at US$237.82m during the last FY17. This shows a growth of 0.9 per cent in... |
Northern players increase price by PKR1019 July 2018, Published under Cement NewsPakistan cement industry players in the northern region are cautiously optimistic. The cement industry has seen bullish activity at the Pakistan Stock Exchange for the last two days on the back of news, which has been attributed to leading brokerage houses, that north-based cement producers have raised prices of cement by PKR10/bag (US$0.082), effective 18 July 2018. No further details were given to justify the increase. The northern zone represents around 80 per cent of the total produc... |
Strike held in Mizoram against rising cement prices13 July 2018, Published under Cement NewsAll Mizoram cement and iron rod dealers on Wednesday observed a daylong strike across the northeast Indian state to protest a hike in cement prices by three companies – Dalmia, Star and Topcem. The strike was called by the All Mizoram Cement and Iron Rod Dealers' Association (AMCIRDA) and was strictly observed in all parts of the state, said the association's Secretary, Henry Lalbiakzinga. The leader said the three cement companies have recently hiked the prices of cement in Mizoram from ... |
Bangladesh cement revenue continues to surge10 July 2018, Published under Cement NewsA growth of 17 per cent was recorded by Bangladesh's cement industry in export revenues during FY17-18 (July 2017-June 2018), says data released by Export Promotion Bureau (EPB). The country exported cement and other materials worth of US$12.59m during FY17-18, compared to US$10.79m earned in the year-ago corresponding months. This represent a growth of over 16.68 per cent in exports YoY. The export figure also includes a minor amount of salt, stone and related products, but the country... |
Cahya Mata Sarawak defends its cement pricing06 July 2018, Published under Cement NewsIn response to a motion moved by Pujut Assembly man Ting Tiong Choon, Cahya Mata Sarawak Bhd (CMS) says that it is incorrect to say the company has a monopoly over the production and sale of cement in Sarawak, Malaysia. CMS stated that contrary to the assertion made by Ting that since June 2016, one bag of 50kg cement is sold at MYR21.50 (US$5.32) in Sarawak, but at MYR17.30 (US$4.28) in Sabah, the true figure quoted by the Malaysian Department of Statistics is MYR20.37 for a 50kg bag of... |
Ukraine's ICIT to initiate anti-dumping investigations05 July 2018, Published under Cement NewsOn 4 July 2018, Ukraine's Interdepartmental Commission on International Trade (ICIT) announced the initiation of two anti-dumping investigations into imports of steel and cement. The products being looked at by the investigations include cement originating from Russia, Belarus and Moldova. Both investigations are the latest in a series of Ukraine's probes into and measures against Russian and Belarus exports, but this is the first time when Ukraine called products from Moldova into questio... |
Pakistan cement consumption grows 13.8% in fiscal 2017-1805 July 2018, Published under Cement NewsPakistan cement industry ended fiscal 2017-18 on a jubilant note, by posting yearly growth of 13.84 per cent with domestic consumption increasing by 15.42 per cent and exports inching up by 1.77 per cent. This is the first time in nine years that cement exports have registered a growth. According to data released by All Pakistan Cement Manufacturers' Association (APCMA), during the fiscal year 2017-18, domestic consumption stood at 41.147Mt, an increase of 15.42 per cent from 35.651Mt in 20... |