Cement News tagged: Trading
Vietnam's exports rise to 12.17Mt in first eight months
According to preliminary statistics released by the General Department of Customs, Vietnam exported 12.17Mt of cement and clinker for a value of US$430.63m in the first eight months of 2017. The cement volume was up 20.5 per cent and the clinker volume up 13.2 per cent over the same period last year. In August alone, exports of 1.38Mt of cement and clinker reached US$54.09m (down 0.9 per cent ...
New NBSM standards for imported cement lead to Nepal shortage
Construction of hydropower projects has stalled due to the cement shortage in Nepal. Imports have been halted as the Nepal Bureau of Standards and Metrology (NBSM) has set new standards for imported cement. The NBSM made Nepal Standard certification mandatory for imported cement from mid-July. Foreign manufacturers supplying cement to Nepal have to follow quality, packaging and labelling cri...
Klaipeda terminal expansion to boost Akmenes Scandinavian exports
The cement loading terminal under development at the port of Klaipeda, Lithuania, will enable Akmenes Cementas to boost its exports to Scandinavia, according to business daily Verslo Zinios. "It will make it easier to hold talks with potential buyers in Scandinavia, as our response to their needs will be more flexible and timely. We will be able to gradually accumulate cement at the termina...
Lafarge helps boost rail freight for Zambia Railways
Zambia Railways Ltd (ZRL) has recorded an increase in freight in the first half of the year by 70,379t due to signing of service level agreements with local companies. Part of the increase was due to ZRL arranging a new contract with Lafarge Cement. ZRL Public Relations Officer, Sombe Ngonga, attributed the increase in freight to the acquisition of more business from its customers in the ...
Portugal's cement exporters face fresh challenges
Portugal’s cement sector has had little choice but to export cement since the euro crisis, but now it faces a new threat of needing to compete with other countries that have begun increasing cement and clinker exports. Six years ago it was a simple decision for Portugal's leading cement markesrs. With the construction industry paralysed and supported by a weak euro, they ploughed their effo...
McInnis Cement announces Atlantic distribution plan, CRH deal
McInnis, the New Cement Co has announced its distribution plan for all of the Atlantic provinces. The cement producer has acquired two CRH Canada-owned distribution assets, enabling it to reach the markets in New Brunswick, Nova Scotia, as well as Prince Edward Island. McInnis will honour the orders of the clients supplied through those terminals and integrate their current employees. I...
Philippines DTI to review cement import rules
Philippine Trade and Industry Secretary, Ramon Lopez, said the country's government plans to review the current rules on cement imports following an ongoing spat among importers and producers on a proposed preshipment inspection. A draft DTI order is considering preshipment inspection as substitute for testing cement imports upon arrival in the Philippines. Several cement producers, includi...
Pakistan's cement dispatches expected to grow 12% in August
Provisional figures released by a local research house indicate that Pakistan's cement dispatches in Augiust will see a growth of 12 per cent YoY. Total dispatches are expected to reach 4Mt for the month during the month amid low cement prices. Both the north and southern regions are expected to record growth of 15 and 26 per cent YoY, respectively during August 2017 on the back of higher...
Philippine cement producers oppose import inspections
Letters from local cement firms addressed to Trade and Industry Secretary, Ramon M Lopez, and the Cement Manufacturers Association of the Philippines (CEMAP) have opposed plans to conduct pre-shipment inspection of imported cement, as substitute to testing upon arrival in the country. However, revised rules and guidelines would be welcomed. Ramon S Ang, chairman of Eagle Cement Corp oppose...
Monthly advance in Pakistan export revenues
Pakistan's cement export revenue during July 2017 increased by 25.02 per cent compared to the previous month but declined by 0.94 per cent on YoY basis, according to data released by the country's Federal Bureau of Statistics. A breakdown of the figures reveals that the country exported 428,489t of cement with revenues of US$22.51m in July 2017 compared to 349,430t at US$18.01m in June, 201...
DTI campaign against 'substandard' cement imports receives backing
Cement importers put their support behind the Department of Trade and Industry’s (DTI) campaign to prevent the entry of 'substandard' imported cement into the Philippines, reports the Business Mirror. In a news statement, Col Dani Enriquez (Ret), also the executive director of the Philippine Cement Importers Association (PCIA), stated that cement importers are one with the DTI to restrict th...
Cement imports surge in Costa Rica
The import of cement into Costa Rica has skyrocketed in the past two years, according to El Financiero Costa Rica. In 2014 the Latin American country imported 10,418t of cement but in 2016 this figure had increased more than tenfold to 107,294t. The steep rise has been particularly noted since 2015, when the Ministry of Economy, Industry and Commerce (MEIC) changed the regulations regar...
Vietnam considers cutting export tariff to aid cement oversupply
Vietnam’s Ministry of Planning and Investment (MPI) has proposed the export tariff be reduced to aid cement exports from the country. Domestic cement manufacturers have been struggling to export cement to ease the domestic oversupply. However, with the changes in tax policies, the clinker export cost has increased to US$4.5/t and the cement export cost US$7.5/t. This puts Vietnamese cement pr...
Vietnam's Ministry of planning calls for export tax cut
Vietnam's Ministry of Planning and Investment has proposed export tax cuts on cement, while local producers struggle with high stockpiles, claims Viet Nam news. In a recent report submitted to the government, the ministry said that the export tax rate of five per cent on cement was too high. The ministry estimated that no deduction on input VAT, coupled with five per cent export tax rate, p...
Pakistan's cement exports fall during FY17
During the FY16-17 (July 2016-June 2017), Pakistani cement producers exported 4.53Mt of cement at a total value of US$237.88m, compared with 5.97Mt at US$321.21m in the equivalent period of the previous year. This represent a YoY retrenchment, both in terms of value (-25.94 per cent) and volume (-24.17 per cent). During this period, value of cement in US$ fell to US$52.46/t from US$53.72/t...
Philippine Trade Secretary defends import order
Philippine Trade Secretary, Ramon Lopez, has defended the legality and fairness of the recently-issued administrative order on cement importation following attacks on the order by importers. “The only reason post import standard is being done is only to ensure consumer protection. This is being done in other countries. We need to protect consumers from possible substandard imported cement. ...