Cement News tagged: Trading
Cosmos ships 36,000t of clinker to Brazil
Cimpor-owned Cosmos Cement will be shipping 36,000t of clinker from its Spanish Toral de los Vados works to the Brazilian town of Recife. The shipment, which started loading on Monday is the first of the new Langosteira terminal.
Ohorongo sounds alarm over cement imports
If infant industry protection cement imports are not left in place, an investment of more than NAD2bn (US$241m) in the Namibian economy and hundreds of jobs created in the process could be at risk, according to Hans-Wilhelm Schuette, Ohorongo Cement’s managing director. The statement comes in response to the latest stage of a case before the Windhoek High Court in which Chinese-owned Jack’s...
Texas Industries asks Commerce to probe Greece, Republic of Korea imports
Texas Industries, through its subsidiary TXI Operations, submitted a letter on 24 August 2012 to the Department of Commerce and the Interagency Trade Enforcement Center, asking that Commerce self-initiate anti-dumping and countervailing duty investigations of "unfairly priced" Portland cement from Greece and the Republic of Korea into the Texas region, USA. TXI believes that imports from Gre...
Pakistan cement industry earns US$46m from exports in July 2012
Pakistan's cement manufacturers and exporters exported 545,125t of cement and earned US$46.197m in the first month of current FY12-13, ie July 2012, compared to 612,500t at US$52.064m in June 2012. This reflects a fall of 11 per cent and 11.27 per cent in terms of quantity and value in dollar, respectively, on a MoM basis, according to data released by the government’s Federal Bureau of Sta...
Pakistan loses Afghan cement market share to Iran
The declining trend of cement exports continues to worry Pakistani manufacturers as cement exports to Afghanistan have plummeted by 10 per cent annually, owing to availability of cheaper Iranian cement there. The industry said that the energy crisis and constant hike in petroleum products have made its product uncompetitive even in the neighbouring country, the main purchaser of cement from ...
Chettinad plans to delist, India
The promoters of Chettinad Cement Corporation are making a voluntary offer to the company's public shareholders to delist the shares from stock exchanges. The stock is currently listed on the National Stock Exchange and Madras Stock Exchange and in the permitted securities category of the Bombay Stock Exchange. The board is meeting on Tuesday to consider the delisting proposal, the Econo...
Dangote plans London listing by 3Q13
Aliko Dangote said on Thursday he was aiming to list his US$11bn cement company on the London stock exchange by the third quarter of 2013. "If the market is good by next year, we will hit the market, sometime. Maybe third quarter ... we will try," Reuters reported him as saying on the sidelines of the World Economic Forum in Addis Ababa.
Concerns over price hikes, Trinidad & Tobago
The Trinidad and Tobago Manufacturers' Association has expressed concern of a 19-21 per cent rise in prices. The situation is affecting the TTMA's members and severely hampering the construction industry, Trinidad Express Newspapers reported a spokesperson saying. In a May 2 circular to contractors, TCL announced price increases between 19 and almost 21 per cent on all types of cement, a...
Guyana: consumers urged not to buy cement at inflated prices
Acting Commerce Minister Irfaan Ali is advising consumers not the pay the increase in what he has described as extremely inflated prices for cement in Guyana. According to the minister a price of GYD1395 (US$6.90) has been agreed upon for the retailing of this commodity and any distributor selling above this will be prosecuted. Speaking at a press conference held in light of the recent i...
India: cement closures called in Rayalaseema
The Rayalaseema Rashtra Samiti, an organisation based in Proddatur of Kadapa district, has given a closure call for all cement factories in the four Rayalaseema districts on 23 May if the price per bag is not reduced to INR150 (US$2.80) from the current INR330 (US$6.24). Samithi president Kuncham Venkata Subba Reddy has sent out notices to the cement factories and also written a letter to Pr...
India: cement prices have started to weaken
CLSA India says cement prices have started to drop across India, with dealers expecting more falls ahead, according to its India Reality Research survey. Cement prices have fallen by an average of 2% per bag since 15 April, with dealers citing rising inventories, while demand is being hit by "sluggish" construction activity. ACC has risen 6% in 2012, Ambuja Cements is down 4%, while Ultrat...
Pakistan cement exports earn US$339m in 9MFY2011-12
During 9MFY2011-12 (July-March), Pakistan cement exporters saw recovery in cement exports in terms of value. In Pakistani currency, the export also rose by 6.06%. In addition, the average cement price improved. The Pakistan cement manufacturer and exporters exported 6.51Mt of cement and earned US$339.208m compared to 6.72Mt at US$329.696m in the corresponding period last year. The figures ...
Nigeria: cement manufacturers seek import ban
Nigerian cement manufacturers have called on the federal government to ban bulk cement imports before the government’s August deadline, claiming that the volume of cement currently produced in the country is enough to meet local demand. “[The] Government should enforce the ban before the August deadline,” said Mr Daljeet Ghai, Dangote Cement group chief executive. “Dangote alone has the capac...
Pakistan: cement import starts through ICP
The newly-opened Integrated Check Post (ICP) has received its first Pakistani cement imports from the road route, but traders continue to be unhappy over the high handling charges. Earlier, India was importing cement through the rail route and shifting to the road route is being seen a boost for the trade. Unhappy with the high handling charges at the ICP, the exporters and importers held a ...
Oman forecast to see increased exports
Oman is expected to witness increasing exports this year thanks to demand from markets like Yemen and East Africa, a new research report has forecast. Raysut Cement is expected to be a major beneficiary as exports accounted for 32 per cent of sales in 2011, states the report by EFG Hermes. Domestic cement consumption, meanwhile, is expected to rise by seven per cent during the current year ...
Ohorongo delivers cement shipment to south Angola
Namibian cement producer, Ohorongo Cement, has delivered its first consignment of bulk cement to south Angola, according to local press reports. A bulk tanker shipped the load to Santa Clara last Monday, The Nambian reported. The shipment forms part of a contract between Benjamin Hauwanga, owner of BH Motorspares in Nambia, and his customer CFRL in Santa Clara. The deal will see about 30,00...