Cement News tagged: Trading
Pakistan resumes clinker exports
Pakistan has resumed exports of bulk clinker after a gap of over six years. This has been achieved by the start-up of Pakistan's International Bulk Terminal Ltd (PIBTL) at Port Qasim, devaluation of Pakistan’s currency by about 10 per cent and expansion in capacity as well overseas demand. According to local media, bulk clinker exports will resume as one of the leading south-based cement ma...
Pakistan's government urged to drop coal import duty
The Federation of Pakistan Chambers of Commerce & Industry (FPCCI) has requested the government to allow duty free import of coal for the benefit of power generation and cement and other industry. Syed Mazhar Ali Nasir, Senior Vice President of the FPCCI, has urged the Miftah Ismail, Advisor to Prime Minister on Finance, Revenue and Economic Affairs, and Federal Minister for Commerce, Muham...
Philippine imports pass quality tests
The Philippine government has confirmed that all of the country’s cement imports have passed quality tests after the implementation of an administrative order by the Department of Trade and Industry (DTI). "In the review of implementation of the revised DTI Department Administrative Order 17-06:2017, governing the procedure in testing the standard compliance of all imported cement, we found...
Algeria's Aoulef works exports first cement to Niger
El-Hamel-owned Aoulef cement plant, in Adrar, Algeria, carried out the first Algerian cement exports to Niger, according to Minister of Industry and Mines, Youcef Yousfi. The new plant, which entered service in December 2017 exported 950t of cement overland to Niger – the first of regular shipments. The 1.5Mta Aoulef cement facility plans to exports around 1Mta of its output. "With the...
Savannah Cement sees opportunity with African trade agreement
Savannah Cement of Kenya has optimism of growing trade following the signing of the KES3trn (US$29.7m) African Continental Free Trade Area (AfCFTA) agreement. Savannah Cement's CEO, Ronald Ndegwa, said that east Africa-based companies will soon start enjoying wider markets and opportunities. The AfCFTA signed last Tuesday in Kigali, Rwanda, seeks to create a single continental market fo...
Gambian cement shortage leads to vendor price hikes
Gambian cement producers, have denied being responsible for the recent price hikes in cement prices. Both Gacem and Salam Cement expressed their surprise at the retail prices. Many vendors sell the commodity between GMD300 to GMD320/bag (US$6.3-6.7/bag). The Human Resource Manager at Gacem Cement Betty Njie, reiterated that they are selling cement for D260 from their outlets and does not unde...
Investment minister explains cement price rises in Tanzania
Tanzania's Trade and Investment minister Charles Mwijage has clarified the reasons behind the recent rise in building materials in the country. He explained that the local increase in cement prices was partly caused by a breakdown at the Dangote factory in Mtwara. Mr Mwijage added that the breakdown would be fixed within six to seven days. "Dangote is a game changer. They use the market pene...
Turkish cement export up 7% in 2017
Turkey's cement exports rose 6.9 per cent YoY to 8Mt in 2017, according to the Turkish Cement Manufacturers’ Association (TCMB). Turkey produced 81Mt of cement and clinker in 2017, up 6.8 per cent when compared with 2016. Of this total, 9.9 per cent was exported, said the TCMB. Most exports were destined for the USA, but the largest increase in export volumes was to Haiti.
Devki Group complains of substandard imports flood
Devki Group's Chairperson, Narendra Raval, has spoken out against imported cement that is disrupting the Kenyan cement market and has criticised the Kenya Bureau of Statistics (KBS) and Kenya Association of Manufacturers (KAM) for not taking action to protect local producers. Narendra Raval said: "Those importing to Kenya are not monitored. Their cement is substandard and below the nor...
Cement exports from Bangladesh on the rise
Bangladesh's cement industry earned export revenues of US$8.8m during the first eight months of FY17-18 (July 2017-February 2018), compared to US$5.93m earned in the year-ago corresponding months, reports the Export Promotion Bureau (EPB). This equates to a 49 per cent increase in exports YoY with India the main destination for cement exports. The export figure also includes a minor amount...
Saudi Cement companies await upturn on 2Q18 export sales
Saudi cement companies' sales in February fell 11 per cent 3.63Mt compared to sales of 4.09Mt in February 2017. However, analysts are confident that 2Q18 sales will increase on the back of higher exports. Asharq Al-Awsat reported that Saudi Arabian cement companies will rely on completing domestic construction projects and increased exports to raise revenues in 2Q18. "Saudi cement compan...
Costa Rica considers imposing 5% cement tax on net sale price
The 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 ...
Cimentos de Mocambique denies responsibility for price rises
Cimentos 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...
Holcim to import 423,500t of clinker into Argentina
Between 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...
Price rise granted for INSEE and Tokyo Cement
The 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 ...
Cement price increase in north Pakistan
Cement 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. Anal...