Cement News tagged: Trading
FDI falls QoQ in Bangladesh
Bangladesh received gross foreign direct investment (FDI) of US$716.48m during the 3Q19 for the cement, textile, power, telecommunication, banking, foods, construction, trading, gas and petroleum, leather, chemicals, fertiliser, IT industry and other sectors, according to data released by Central Bank of Bangladesh. The country had received US$973.28m in previous quarter of April-June 2019 ...
Egypt's cement sector is relying more heavily on coal
Egypt saw thermal coal imports rise by 31 per cent to 6.32Mt in 2019, according to official data from the port of Alexandria, driven by strong demand from the cement sector. Most coal was imported from the US. The latest data confirm a two-year growth period in thermal coal imports. In 2018 they spiked by 174 per cent to 4.81Mt from 1.75Mt in 2017. The country’s largest importer of thermal ...
Indonesian export sales up 12% in 2019
Indonesia’s cement producers saw export sales drop 38.1 per cent in December 2019 to 321,966t when compared with 519,684t in December 2018, reports Semen Indonesia Group. Clinker exports were particularly affected, noting a 46.6 per cent fall to 204,227t from 382,237t the previous year. Cement exports were down 14.3 per cent YoY to 117,739t from 137,447t. Full-year 2019 However, exports for ...
Pakistan dispatches higher volume but earned lesser in 1HFY20
Pakistan cement industry's increased its overseas dispatches but saw value contract in 1HFY19-20. Therefore, the industry's foreign exchange revenues fell by US$11.74m in the first six months when compared with the previous-year's first half. The country's cement sector received US$145.26m by exporting 3.766Mt of cement and clinker between July and December 2019, compared to US$157m from ex...
Algerian cement exports increase 239% in 11M19
The value of Algerian cement and clinker exports has surged 239.2 per cent to US$59.24m in the 11M19, compared with US$17.47m in the year-ago period, according to the Customs’ Surveys and Prospects Department (DEPD). Saïd Djellab, former trade minister, had said in November that cement export revenues were expected to reach US$60m in late 2019, however, these figures are now expected to req...
Cement exports from Bangladesh continue to fall in 1HFY19-20
Bangladesh's cement industry has earned an export revenue of US$5.03m during first six months of the current financial year, FY19-20, compared to US$5.75m earned in 1HFY18-19, a fall of 12.5 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 1.6 per cent belo...
Pakistan's revenue collection autority to track tax evasion in cement industry
Pakistan's tax collection authority, Federal Board of Revenue (FBR), has decided to track and monitor the clearances of duties/taxes paid items from around 100 units of cement, sugar and fertiliser sectors under the automated Track and Trace System (TTS). The FBR has decided to bring 100 units of cement, sugar and fertiliser sectors under the automated TTS next month. According to media repo...
Transporters strike may impact cement industry
The local and export dispatches of cement industry in Pakistan are likely to face challenges due to ongoing protest of United Goods Transporters Alliance in Pakistan, which has entered in its fourth day. The strike would also hamper the supply of raw materials to factories. As a result, the movement of general cargoes, including export of cement/clinker to and from Karachi Port and Port Qasi...
Iran's cement and clinker exports rise 22%
Iran exported 11.4Mt of cement and clinker to 37 countries in the first eight months of the Iranian year from 21 March 2019-21 November 2019. Exports during the period rose by 22 per cent, compared to the corresponding period a year ago, according to the Iranian Mines and Mining Industries Development and Renovation Organisation. Afghanistan, Uzbekistan, Pakistan, Kazakhstan and Russia were ...
Work starts to salvage Bangladesh clinker vessel
The Bangladesh authorities have started the salvage operation of a partly capsized clinker-laden cargo vessel called Md Dudu Mia-1, in Kirtankhola river, in the country earlier this week. According to some media reports, a 25-member team started removing the clinker from the capsized cargo Md Dudu Mia-1. The cargo sunk in Kirtankhola river, near Barishal Port, after it collided with Dhaka-bou...
Clinker exports lead in export during 5MFY19/20
Pakistan overseas export of cement and clinker saw a healthy growth of 21.5 per cent during the first five months of FY19-20 (July-November 2019) to 3.608Mt from 2.97Mt in the year-ago period. The country exported 1.657Mt of clinker out of a total of 3.608Mt of cement/clinker in 5MFY19-20 as compared to 800,773t of clinker out of total 2.97Mt of cement/clinker in 5MFY18-19, according to All ...
Paraguayan companies import increasing cement volumes
Several companies in Paraguay have increased the volume of cement imports from 1000tpm to 6000tpd due to the cement supply shortage in the Latin American country, according to ABC Color. Cement imports increased from 25,000t to 45,000t between July and November 2019, said a recent report from the Ministry of Industry and Commerce. However, in October and November companies doubled the volume...
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...