Displaying items by tag: Supply

China: Tianrui Cement has entered into a clinker supply deal with Ruiping Shilong. It will buy clinker from Ruiping Shilong from 1 April 2019 until 31 December 2021. The price and quantity will be set following negotiations, although a cap of around US$74m/yr has been set. Tianrui Cement’s chairman and his wife hold a significant minority share in Ruiping Shilonga.

Australia: Wagners Cement has suspended its supply of cement products to Boral for six months. Wagners has a cement supply agreement with Boral where it supplies cement on an annual basis for a fixed price. However, Boral issued a notice to Wagners saying that it has found cheaper cement from a ‘long established’ supplier in South East Queensland.

As per the agreement Wagners can either match the lower price or suspend its supply. Wagners has decided to suspend its supply to Boral pending a resolution of the issue. It said that the potential financial impact of the pricing notice is US$14m.