Cement News tagged: Trading
Kenya: clinker tops Mombasa port imports
According to a recent report from Kenya Ports Authority (KPA), Mombasa port has recorded an increase in the number of imported construction materials. KPA’s report suggests a strengthening of the local construction sector as import figures of the construction materials are increasing each week. The report read, “The sector imported 59,866 metric tonnes of steel and 53,562 tonnes of cement c...
Rep of Congo: mechanism sought to halt illegal imports
Representatives from the domestic cement industry met with Minister of State, Minister of Economy, Gilbert Ondongo, this week to seek assistance from the Congolese government against illegal cement imports that are then sold at non-competitive prices. The country's current cement production is carried out by Société Nouvelle des Ciments du Congo (SONOCC), Forspak and CIMAF. Two new compani...
Pakistan cement exports down 27.6% in FY15-16
Pakistan's cement industry exported 5.97Mt of cement in FY15-16, which represents a fall of 22.3 per cent YoY, according to the Pakistan Bureau of Statistics. The bureau attributes the decline to contracting demand and competition among other issues. In terms of value, exports during July 2015-June 2016 saw a 27.6 per cent YoY decrease from US$443.63m to US$321.29m. The average price of...
Turkmenistan: new building material import facility planned
The Turkmen Industry Ministry is planning an enterprise for the import of high-demand building materials. The project is expected to be implemented jointly with the country's Milli Onum Company, according to Azernews. The new enterprise is expected to produce about 100,000t of gypsum, 250,000t of dry building mixes as well as 12Mm 2 of gypsum plasterboard annually on the basis of domest...
Saman Cement's MD angered by Iraq's high import duties
The managing director of Saman Cement Co, in Kermanshah, West Iran, has said that Iraq's high import duties on cement has put the Iranian cement industry in crisis, reports the Tasnim News Agency. Shahryar Geravandi, the managing director of Saman Cement Co said: "The new policy of the Iraqi government to increase import cement duties has put [Iranian] cement factories in danger, and domesti...
Rwanda: Cimerwa calls for protection from illegal exports
Cimerwa, Rwanda's sole cement producer, has asked the government for protection, saying local dealers are exporting its cement illegally, affecting its key markets in the Democratic Republic of Congo and Burundi. All Africa reported that Busisiwe Legodi, the Cimerwa CEO, said the problem is made worse by the fact that some of the local dealers buy cement at subsidised prices for the Rwandan m...
Nigeria: agreement reached on Bol managed import levy funds
The Bank of Industry (BoI) in Nigeria said allegations over the misapplication of the cement funds which had prompted investigations by the Economic and Financial Crimes Commission (EFCC) had now been resolved. BoI was appointed in 2009 to manage the fund that accrued from levies on imported cement for the development of Nigeria’s cement industry. Bol further explained that new terms had be...
Pakistan: exports down by 17.41% in 11 months
Pakistani cement exports have fallen by 17.41 per cent to 5.48Mt during the first 11 months of the fiscal year, compared to exports of 6.65Mt during the same period in the previous year. A spokesperson from All Pakistan Cement Manufacturers Association (APCMA) has said that an increase in federal excise duty (FED) on cement has negatively effected the market. The proposed change in FED will...
Vietnam: export volumes fall for first five months
Vietnam earned US$260.64m from exporting 7.12Mt of cement and clinker in the first five months of this year, down 0.7 per cent on-year in value and 15.7 per cent in volume. Bangladesh, Philippines and Taiwan were the major importers of Vietnamese clinker and cement in the first five months of this year, the Vietnamese Ministry of Industry and Trade said. Bangladesh took the lead aft...
Iran Mercatile exchange resumes cement export trade
Cement offerings for export have resumed at Iran Mercantile Exchange, the IME chief said. Isfahan Cement Company initiated the offering with 2000t of cement on Saturday, 1000t of which were traded on cash payment. “We intend to expand our export markets for cement and unify prices by exporting the commodity through IME,” Hamed Soltaninejad was also quoted as saying by IRNA. Government-enf...
Paraguay: INC faces increased Brazilian imports
Brazil’s current imports of around 400,000 bags of cement is damaging the Paraguayan cement industry, according to Jorge Méndez, CEO of Industria Nacional de Cemento (INC). This represents over a third of monthly cement demand. "What we're seeing is that cement consumption is virtually unchanged, but a lot of product is entering [Paraguay] from Brazil," he said. Particularly in Alto Paraná i...
Pakistan cement exports 5Mt in FY15-16
During first 10 months of the current FY15-16, the Pakistan cement industry exported 5.05Mt of cement and earned export revenue of US$274.34m compared to 6.64Mt at US$382.39m in July 2014-April 2015. This translates a fall of 23.86 per cent and 28.25 per cent in terms of quantity and value in dollar respectively on YoY basis, says data released by the Pakistan Bureau of Statistics (PBS). ...
Holcim Indonesia to expand exports as domestic competition tightens
LafargeHolcim subsidiary, PT Holcim Indonesia, plans to boost exports to Australia, Sri Lanka and Bangladesh this year amid unstable domestic demand, reports The Jakarta Post. After the acquisition of Lafarge Cement Indonesia, also known as Semen Andalas, in February and the commencement of operations at Tuban II plant in East Java last August, Holcim's production capacity has risen to 15Mta ...
Tanzania: Twiga dividends increase 15%
Twiga Cement announced at its Annual General Meeting held in Dar es Salaam yesterday that the dividend had risen from TZS267 (US$0.12) in 2014 to TZS306 in 2015. This increase is a result of profits going up to TZS56.2bn despite depreciation of the shilling, which had an impact on both fuel and quarry services. Alfonso Rodriguez, Twiga Cement managing director, said that the company saw 2015...
Philippines: Mariveles dry bulk terminal
Sesia Nectar Port Services Inc announced the start of commercial operations at its Mariveles Dry Bulk Terminal in the Freeport Area of Bataan (FAB), Philippines. The company began developing the port in 2015. Ramon Atayde, Sesia chairman, said that with the use of mechanised material handlers for faster and more efficient discharge of shipment, the new facility will optimise the operations o...
South Africa: PPC shares drop
PPC Ltd shares plunged after it said talks with a credit ratings agency will probably lead to a downgrade. The company is preparing a capital raising of ZAR4bn (US$254m) to be used to reduce debt and fund expansion plans, PPC said in a statement. It said shareholders will be advised on the credit agency’s final decision when it has the information. PPC stock declined 18 per cent, its larges...