Cement News tagged under: trading
Costa Rica considers imposing 5% cement tax on net sale price09 March 2018, Published under Cement NewsThe Costa Rican Legislative Assembly is to discuss proposing a five per cent tax on imported and locally-produced cement. The bill establishes that "… the tax on cement produced within the national territory or imported, will be of five per cent (5%) on the net sale price, both in the case of the national producer at the level of the production plant and for the importer at the level of the dispatch or storage site, excluding the corresponding sales or value-added tax, as well as any other... |
Cimentos de Mocambique denies responsibility for price rises06 March 2018, Published under Cement NewsCimentos de Mocambique (CM), which operates two cement factories in the northern province of Nampula, has denied authorising any increase in the price of its product. Jorge Reis, the managing director of CM, said his company has nothing to do with the sudden increases in the price of cement charged by retailers, All Africa confirmed. In the last two months the price of a 50kg bag of cement produced at the CM factories in Nacala has risen from MZN470 (US$7.50) to a maximum of MZN610 (US$9... |
Holcim to import 423,500t of clinker into Argentina05 March 2018, Published under Cement NewsBetween May and December 2018 Holcim is expected to import 423,500t of clinker into Argentina, worth US$27.52m. The imports will arrive in 10 shipments of 42,350t each. In December 2017 the cement producer announced investments of US$120m to increase cement capacity at its Malagueno plant in Córdoba. The project includes the addition of a complete line with a clinker capacity of 0.512Mta and a cement capacity of 0.73Mta. Construction works are expected to start in 1H18. |
Price rise granted for INSEE and Tokyo Cement05 March 2018, Published under Cement NewsThe Sri Lanka Consumer Affairs Authority (CAA) today (Monday) has allowed INSEE Cement (formerly Holcim Lanka) and Tokyo Cement to increase the price of a 50kg bag of cement by LKR3 (US$0.019) with effect from last Wednesday, reports the Sri Lankan Sunday Times. The Ministry of Industry and Commerce had given consent to the two companies to increase the cement price subject to the approval of the CAA. INSEE and Tokyo Cement had requested to increase the price, citing high costs of importe... |
Cement price increase in north Pakistan01 March 2018, Published under Cement NewsCement retail prices in northern Pakistan have increased by PKR10/bag (US$0.09), due to increase in demand, high capacity utilisation (close to 100 per cent in the north) and increase in coal prices, says a report of a local research house. As a result, retail prices in Punjab have now risen to PKR515/bag (US$4.6/bag) while those in Khyber Pakhtunkhwa (KPK) are now back to PKR500. Analyst discussions with the management of cement companies suggest that they want to gradually increase... |
Pakistan exports fall in 7MFY17-1823 February 2018, Published under Cement NewsPakistani cement exports during the first seven months of current financial year, July 2017-January 2018, recorded a fall of 15.4 per cent in volume and 18.7 per cent by value in dollars, says data released by Pakistan's Federal Bureau of Statistics. Pakistan exported 2.71Mt of cement and earned export revenue of US$136.46m between July 2017-January 2018, compared to 3.21Mt at US$167.9m in corresponding months of last fiscal year. Volumes fell by 15.4 per cent and in terms of doll... |
Caribbean Cement to restart exports21 February 2018, Published under Cement NewsCaribbean Cement expects to restart cement exports following the completion of its US$50m modernisation programme. The programme also includes the commissioning of a new coal mill scheduled for the second quarter of this year, upgrades to both cement mills, a new packing line, and the upgrade and replacement of conveyor belts and dust collectors to boost production to 1.2Mta. Peter Donkersloot, Caribbean Cement's general manager, said: "It must be noted that every step has been taken to e... |
Ministry of Commerce: Cambodia will not ban cement imports16 February 2018, Published under Cement NewsThe spokesman for the Ministry of Commerce, Seang Thai reported that Cambodia imported 1.9Mt of cement in 2016 and the opening of the country's largest cement factory last week will still not lessen the need for cement imports. "Cement imports are still highly important for construction, because our cement supply is not sufficient to meet construction growth," Seang Thai said. “We are part of a free market now, and we have to build up our capacity to compete in this market – we cannot ban... |
Namibia imports 40,000t of Chinese clinker16 February 2018, Published under Cement NewsSome 40,000t of clinker from China was unloaded at Namport, Namibia’s largest port. The clinker will be transported to the new cement plant of Whale Rock/Cheetah Cement, a Chinese-Namibian joint venture, in Otjiwarongo, Otjozondjupa region. "According to one estimate, about 70 trucks will be used to transport the product during this exercise, over a period of 20 days," said Namport Director, Immanuel Hanabeb. |
Vietnam clinker and cement exports up 30%13 February 2018, Published under Cement NewsVietnam exported 2.9Mt of cement and clinker, valued at US$101.12m in January, representing YoY increases of 32.2 and 30.3 per cent, respectively, according to the country’s General Department of Vietnam Customs. Bangladesh, the Philippines, Peru, Mozambique, Malaysia and Taiwan remained the biggest importers of Vietnamese cement and clinker. |