Cement News tagged: Trading
Tokyo Cement recommences clinker imports from Japan
Sri-Lanka based Tokyo Cement Group has recommenced clinker imports from Japan for the exclusive use in its ‘NIPPON-PRO’ cement. Dashantha Udawatte, Group Marketing Manager at Tokyo Cement told Lanka Business Online: “We at Tokyo Cement having identified the demand for a high performance cement tied up with a leading Japanese manufacturer to import clinker with high specifications. Tokyo Cemen...
Pakistan: APCMA calls for federal exise duty reduction
The All Pakistan Cement Manufacturers Association (APCMA), in its budget proposal, has recommended a reduction in federal excise duty (FED) to be stepped to zero to alleviate the cost pressure on locally-manufactured cement, which is facing competition from Iranian imports. The Daily Times reports that in the budget proposal sent to Federal Board of Revenue (FBR), APCMA Chairman Muhammad Ali ...
Algeria: introduction import licences delays supply
The decision of the Algerian government to require import licences for imported cement is causing delays in the supply of cement. However, the issuing of licences is progressing slowly and at a time when major cement plants are shut down for maintenance, the step causes shortages in the market. In recent days, the price of a 50kg bag of cement has skyrocketed to DZD1900, according to Denn...
Dem Rep Congo: cement price fall 35% in Matadi
The price of a bag of cement in Matadi, Dem Rep Congo has fallen by 35 per cent from CDF12,500 (US$13.44) to CDF8000. The price decrease follows the arrival of imports from Angola in the Congolese port town. In addition, Chinese imports have also increased the supply of cement to the Matadi market.
Ghana: Ministry on cement-trade-war alert
Dr Ekwow Spio-Garbrah, Ghana's Minister of Trade and Industries, says his Ministry is undertaking a thorough evaluation of various interests in the current trade-war between local cement manufacturers and importers. Local cement makers are claiming cement imports from Nigeria and China are flooding the market, thus making their businesses uncompetitive. Dr Spio-Garbrah said the exercise, with...
First Tajikistan cement heads to Afghanistan
Huaxin Gayur Cement Co Ltd, located in Yovon district of Khatlon province, Tajikistan, reportedly signed an agreement with Afghanistan’s Shamal Sharq in early December to supply 500t of cement to Afghanistan. A convoy of 12 heavy trucks carrying 370t of cement proceeded via the Panji Poyon border crossing between the two countries in late December, according to Tajik Customs Service. Huaxin ...
Vietnam cement exporters fail to hit target
Vietnamese cement producers are struggling to maintain high volumes of cement exports due to falling overseas demand. According to the Vietnam National Cement Association (VNCA), Vietnamese cement makers have been facing fierce competition from China, the world’s biggest cement producer, which accounted for 60 per cent of the world total output. Selling at lower prices and trying to boos...
Pakistan exports fall 25% in 5MFY15-16
Cement exports from Pakistan have fallen by more than 25 per cent in the first five months of the current fiscal year. Between July and November 2015 cement exports reached 2.56Mt, compared with 3.45Mt in the corresponding period of the previous financial year. Cement plants in the north sold 1.63Mt of exports, down by 25.2 per cent YoY, but dispatched 10.17Mt to domestic market, an increase...
APCMA asks to impose 20% regulatory duty on Iranian cement
All Pakistan Cement Manufacturers Association (APCMA) has requested the Ministry of Finance to impose regulatory duty on cement imports from Iran to save the local industry. In a letter to the Finance Secretary, Waqar Masood Khan, APCMA Chairman, Mohammad Ali Tabba, said that cement imports from Iran have touched “alarming” levels. “Over the last year, larger and larger quantities are arrivi...
Pakistan: Iranian imports continue to hurt domestic producers (APCMA)
The All Pakistan Cement Manufacturers Association (APCMA) said markets in areas near the Pakistan-Iran border and the coastal areas of Baluchistan continue to be flooded with Iranian cement which is sold well below the PKR525-550/bag charged by local cement producers. In a letter to Federal Secretary of Commerce, Muhammad Shehzad Arbab, APCMA chairman, Muhammad Ali Tabba, urged the Ministry...
Pakistan’s September cement sales and exports fall
September’s figures were disappointing for the cement industry as dispatches registered 2.95Mt, a decline of 6.4 per cent annually (-3.7 per cent monthly). As anticipated, exports continued their downward fall by 36 per cent YoY where growth in local dispatches (+2.5 per cent YoY) failed to compensate for the decline in exports. The main reason for the export decline is the proliferation o...
Dominican Republic: Haiti export ban expected to cost Cemento Andino DOP2m
The ban on exports to Haiti will cost Cementos Andino DOP2m, according to Cementos Andino President, Nelson Bello. The road transport sector is expected to be significantly affected as 300-400 trips/month are made to supply Haiti with the required product. An alternative is to increase shipments to Port au Prince the Port of Cabo Rojo, in which the company has invested more than US$18m in ...
Lafarge Zimbabwe reports half-year loss
The local Zimbabwe unit of LafargeHolcim reported an after tax loss of ZMD1.39m for the half year to June from a loss of ZWD1.32m in the prior comparable period, on weak demand as the country’s construction industry remains subdued. Lafarge Zimbabwe said volumes of cement sales were down seven per cent during the first half of the year, resulting in a decline in revenue to ZMD25.4m from ZMD2...
Algerian cement import value falls 13% in Jan-Jul 2015
The value of cement imports into Algeria during the first seven months of 2015 fell from US$352.92m to US$306.94m, down 13 per cent YoY, according to Customs data. In terms of volumes, a 4.4 per cent decrease was noted from 3.83Mt to 3.66Mt. The fall has been attributed to increased demand for domestically-produced product, encouraged by the government. Since end-2014, developers are no lon...
Chinese imports lower Costa Rica’s cement price by 20%
Construction costs in Costa Rica are lower due to the import of Chinese cement, according to local news service La Republica. Chinese imports retail at around 20 per cent below cement produced locally by Cemex and Holcim. However, to date the imported cement has not received certification of compliance with domestic standards although initial samples have proved positive. Cement is imported ...
Zambezi Portland lowers cement price
Competition has forced Zambezi Portland Cement (ZPC) to introduce a new and cheaper cement brand onto the domestic market. The arrival of Dangote Cement in Zambia with its greenfield Masaiti plant has seen cement prices tumble from ZMW70 (US$6.93) to ZMW50 (US$4.95) in a few months. ZPC’s new cement is aimed at the block-making, road construction and light construction market. The price of t...