Cement News tagged: Trading
Bangladesh cuts AIT to 3%
Bangladesh’s government has reduced the rate of advance income tax (AIT) on the import of cement raw materials from five to three per cent, according to The Financial Express. The National Board of Revenue issued a statutory regulatory order following a demand by cement producers, who had demanded a full waiver of AIT. "The cut reflects that the government has realised the problem of the s...
Pakistan continues to earns mixed revenue in 5MFY20
Pakistan's cement industry earned foreign exchange revenue of US$124.2m by exporting 3.246Mt of cement and clinker between July and November 2019, compared to US$131.11m from exporting 3.046Mt of cement and clinker in same months last year, says the country's Federal Bureau of Statistics. This translates a YoY fall of 5.3 per cent in terms of dollar value but a growth of 6.6 per cent in terms...
Indonesian exports advance 15% in November
Cement and clinker exports from Indonesia rose 15.4 per cent to 648,354t in November 2019, according to figures published by Semen Indonesia. In November 2018 exports totalled 561,950t. Cement exports fell 6.1 per cent YoY to 129,621t in November when compared with 138,079t in November 2018. However, the decline was offset by a 22.4 per cent rise in clinker exports. In November 2019 clinker ...
Pakistan exports record buoyant growth in 5MFY2010
Exports from Pakistan during July-November 2019 witnessed a growth of 4.8 per cent against the same period of 2018, said Pakistan Bureau of Statistic (PBS). The data is yet to give breakdown of exports, but it is believed that export of cement has also increased during this period. According to PBS, during July-November 2019 the country exported various goods and services worth US $9.545bn a...
Vietnamese exports rise 3% in the 10M19
Vietnam exported 3.58Mt of cement in October at a value of US$141.62m, representing an increase of 24.9 per cent and 17 per cent YoY, respectively, according to the General Department of Vietnam Customs. During the month, the average price of exports decreased 0.7 per cent MoM and 6.3 per cent YoY to US$39.6/t. In the first 10 months of 2019, the country exported 26.9Mt of cement worth US$1...
Imports into Bangladesh fall in FY20-19
Imports of clinker and cement into Bangladesh fell from US$776m in FY17-18 to US$643m, according to the FY18-19 Financial Survey, released by the country's Ministry of Finance. However, the latest financial year's figures are likely to be revised after receipt of the final import data. Imports have shown a mixed trend in the last five years. They fell from US$638m in FY14-15 to US$574m the ...
Cement export from Bangladesh falls in 5MFY19-20
Bangladesh's cement industry has earned an export revenue of US$4.08m during July-November 2019, compared to US$4.92m earned in same period last year. This translates a fall of 17.1 per cent YoY. The export figure also includes a minor amount of salt, stone and related products, says data of Bangladesh Export Promotion Bureau (EPB). The export value for cement fell 2.2 per cent below the ta...
Pakistan's dispatches to grow in 5MFY19-20
All Pakistan Cement Manufacturers Association (APCMA) is yet to release dispatches data for November and five months of July-November 2019, yet local experts are optimistic that cement sales are expected to grow eight per cent to 4.3Mt in November 2019 YoY, and five per cent YoY to 20.3Mt during the first five months of the current fiscal year of 2019/20. According to research report of Topl...
Belarus redirects exports from Ukraine to EU
Belarusian cement exporters plan to switch their export volumes from Ukraine to the EU market, according to the country’s Architecture and Construction Minister, Dmitry Mikulenok. "We stopped shipping cement to Ukraine in July because of anti-dumping duties. We have switched to other markets, mostly the European Union. We will keep working to replace traditional export markets and increase e...
Al Jouf Cement extends export contract to Jordan
Al Jouf Cement has extended its contract with Saudi Industrial Export (SIECO) to export 72,000t of cement to Jordan over the next year. The new extension begins on 27 November 2019 and the financial earnings from the deal will be revealed in financial statemend before the end of 2020.
Pakistan and Iran explore cooperation on cement trade
A trade delegation from the government of Iran, headed by Ali Mohtasham Amiri, managing director of Milad-e-Noor, has visited Pakistan to explore opportunities for mutual cooperation and enhancing trade relations between Tehran and Islamabad. The cement industry is also included in their agenda, says a statement of Pakistan largest trade representative body, the Karachi Chamber of Commerce and...
Pakistan earns mixed revenue in 4MFY20
Pakistan's cement industry earned foreign exchange revenue of US$94.41m by exporting 2.368Mt of cement and clinker between July and October 2019, compared to US$104.34m from exporting 2.411Mt of cement/clinker in same months last year, says the country's Federal Bureau of Statistics. This reflected a YoY fall of 9.5 per cent and 1.8 per cent in terms of value and quantity, respectively. Howe...
Paraguay lifts cement import restrictions
Paraguay’s Ministry of Industry and Commerce (MIC) said it is lifting restrictions on cement imports following the shortage of the product due to production issues. The Paraguayan market requires a supply of 100,000 bags of cement per day. At present Industria Nacional del Cemento (INC) is able to dispatch only around 54,000 and in the last few days has only been delivering barely 4000 bags,...
Cement export from Bangladesh continues to slide in 4MFY19-20
According to Bangladesh Export Promotion Bureau (EPB), Bangladesh's cement industry has earned an export revenue of US$3.18m between July and October 2019-20 compared to US$3.94m earned in same period last year. This translates a fall of 19.3 per cent YoY basis. The export figure also includes a minor amount of salt, stone and related products. The export value for cement fell 3.9 per cent b...
Algeria targets 6Mt of cement exports in 2020
Algeria's Minister of Industry and Mines has set a 6Mt target for the cement industry to export in 2020. The country only began cement exports in 2017. Mr Djamila Tamazirt, Minister of Industry and Mines, said Algeria had reached a production capacity of around 32Mta during 2017 and is expected to exceed 40Mt in 2020, once several plants come online. In this respect the industry minister has ...
Pakistan cement industry makes record dispatches in October FY19-20
The Pakistani cement industry has recorded a modest growth of 9.2 and 4.5 per cent in domestic and overseas cement dispatches in October 2019 alone and in the July-October 2019 period, respectively, according to data of the All Pakistan Cement Manufacturers’ Association (APCMA). October 2019 Industry dispatches for October 2019 reached at all-time high to 4.984Mt as compared to 4.564Mt in ...