Cheap imports rattle cement companies

5 giugno 2010

After steel, the depressed cement industry is facing the onslaught of cheap imports from neighbouring countries, especially from Pakistan and China. Air Max 2017 Dames wit The imports are exerting pressure on cement companies, which are already operating much below their rated capacity due to weak demand. nike air max 2017 heren wit Fall in demandCement demand growth has hit a decade low of 2.2 per cent in the first nine months of this fiscal as the stressed housing and infrastructure companies are cutting down on their projects. sac fjallraven kanken Earlier, the Centre had fixed minimum import price to protect the steel industry from large scale imports. Adidas NMD Heren Shailendra Chouksey, President of Cement Manufacturers Association and Whole time Director, JK Lakshmi Cement, told Business Line about one lakh tonne of cement comes a month from Pakistan (through Wagah Attari border) and huge quantity of clinker are imported from China at very cheap prices. Price concernsCement companies are worried that the cheap imports will start dictating the price tags of the huge quantity of cement produced domestically. Andrew Luck Jerseys In the southern region, Kerala government promoted Malabar Cement is developing a cement hub at an investment of crore to import cement clinker and other allied building materials. Kanken No.2 It has taken seven acres on lease near the Kochi port for 30 years and expects a throughput of about 1.35 million tonne a year. nike air max 2017 goedkoop Lithium borderline personality Malabar Cements is already importing clinker and there are three cement terminals in operation at the Kochi port. asics gel lyte pas cher The demand erosion has hit the sector hard, with over 100 million tonne of capacity remaining idle in India and this is further aggravated by dumping of cement clinkers by China and other Asian countries, cheap jerseys said Chouksey. GDP claims doubtedRaising doubts on the government GDP numbers, he said the actual offshoots of economic growth are not visible with cement demand remaining muted with large capacity overhang and car sales are slowing down. Running Asics Sneakers is more striking is that despite low inflation for a sustained period and more purchasing power, consumer discretionary spending remains subdued, which in turn is delaying private investments, he said. (This article was published on February 26, 2016) Following are the highlights of Union Budget 2017 18, presented by Finance Minister Arun Jaitley in Parliament today: Tax rates halved to 5% for income of Rs 2.5 5 lakh, tax slabs unchanged 10% surcharge on people earning between Rs 50 lakh 1 cr 15% surcharge on annual income above Rs 1 cr to continue Cash transactions above Rs 3 lakh banned Corporate tax for SMEs with turnover up to Rs 50 cr cut to 25%; 96% companies to benefit Customs duty of LNG halved to 2.5% Fiscal deficit pegged at 3.2% next year, 3% in FY’19 Political parties barred from accepting cash donation beyond Rs 2,000 per individual. Memphis Grizzlies They can receive donations via cheques, electronic mode; electoral bonds to be issued by RBI Aadhaar based health cards for senior citizens; a scheme for them to ensure 8 per cent guaranteed returns.

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