Cement News tagged under: cement exports
Vietnam: Thai acquisitions face tough competition15 March 2017, Published under Cement NewsThai companies have spent around US$600m acquiring assets in Vietnam even as the country’s cement producers face shrinking export markets and tougher domestic competition, Vietnam Net reports. At the end of February, LafargeHolcim completed the sale of its 65 per cent stake in its Vietnamese subsidiary to Siam City Cement (SCC) for at least US$550m. With the purchase, SCC now has 6.1Mta of capacity and a 20 per cent market share in southern Vietnam. Siam City’s domestic rival Siam Ceme... |
Vietnam: cement exports hit by rising tax costs23 February 2017, Published under Cement NewsVietnamese cement exporters have warned that the loss of tax exemptions and the existing export tax have pushed up the cost of their products on international markets, harming their ability to compete, Vietnam News reports. An export tax of US$5/t and a 2016 change to VAT rules have meant that the average cost of a tonne of exported cement has increased by US$7.50, while a tonne of clinker is now US$4.50 more expensive. “Many cement producers could face risks of halting their productio... |
Pakistan: capacity utilisation tops 90% in December 201602 February 2017, Published under Cement NewsAccording to figures released by the All Pakistan Cement Manufacturers Association (APCMA), cement sales in December 2016 reached 3.56Mt, with capacity utilisation running at 90.9 per cent, the Nation newspaper reports. The first six months of Pakistan’s 2017 fiscal year, which began in June 2016, has seen local cement consumption rise by 11.1 per cent on the same period in 2015. Declining export sales have been more than matched by rising local demand, with the result that total shipm... |
Tajikistan: cement production rises 40% in 11M201605 January 2017, Published under Cement NewsProduction of cement in Tajikistan rose by over 41 per cent in the first 11 months of 2016 compared to the same period in the previous year, the Times of Central Asia reports. In total, the country produced more than 1.8Mt of cement in the 11 months to November 2016. Tajikistan currently has 12 cement plants with a combined capacity of 4Mta, the newest of which – operated by Jung-Tsai Mohir Cement – has a capacity of 1.2Mta. Exports from Tajikistan amounted to 256,000t in the first ... |
Taiwan Cement plans to increase exports to China08 December 2016, Published under Cement NewsThe Taiwan Cement Corporation has said that it expects to ship 1.1Mt of cement to China in the first quarter of 2017, an increase of two per cent on its performance in 1Q16, the Taipei Times reports. In an earnings statement covering the first nine months of 2016, Taiwan Cement saw its profit increase by 13.7 per cent to TWD4.5bn (US$141m), driven by rising prices and a fall in the cost of coal. The company’s exports to China reached 3.9Mt in the first three quarters of 2016, up 10 per... |
Vietnam: export volumes down 8.4% in 10M1607 December 2016, Published under Cement NewsAccording to statistics released by the General Department of Vietnam Customs, exports of clinker and cement in the first 10 months of 2016 were down 8.4 per cent on the same period a year earlier, Vinanet reports. In terms of their US dollar-dominated value, the fall was even more pronounced, being down 18.6 per cent. For the year to the end of October, Vietnamese producers exported 12.3Mt of cement and clinker with a value of US$467m. Bangladesh was the largest importer by volume, ta... |
Pakistan: cement sales rise by 3.6% in September07 October 2016, Published under Cement NewsThe All Pakistan Cement Manufacturers Association (APCMA) has announced that cement sales in the month of September rose by 3.55 per cent, reports the Tribune Newspaper. While domestic demand was relatively stable – accounting for around two per cent of the growth – exports, particularly to India, played a key role in sales growth. The APCMA recorded domestic dispatches rose two per cent YoY to 2.54Mt, while exports grew by 11.8 per cent to 0.52Mt. The Association said that a new prope... |
Ethiopia: Dangote plant attracted with cheap power deal08 September 2016, Published under Cement NewsDangote’s decision to establish a 2.5Mta cement plant in Ethiopia was motivated by a government guarantee of cheap electricity, Muhammadu Sanusi, the Emir of Kano, has claimed at a meeting of Nigeria’s National Council on Development Planning. In a speech reported in the Premium Times, the former Central Bank of Nigeria governor said that Dangote was promised a price of US$0.03/kWh if it would agree to build a plant in Ethiopia. This price is half the US$0.06 paid by consumers in the coun... |
Tajikistan: Chzhungtsai Mohir Cement plant opened25 August 2016, Published under Cement NewsThe Chzungtsai Mohir Cement cement plant has been officially opened by Emomali Rahmon, the President of Tajikistan, Asia Plus reports. The 1.2Mta plant is the second to be built in Yovon district, situated about 30km southeast of the capital, Dushanbe. Due to foreign investment into plants such as these, Tajikistan has gone from being a net importer to exporting cement. In the six months to the end of June 2016, the country produced 0.87Mt of cement, of which 0.2Mt was exported to Afgh... |
Pakistan: producers warn that tax increase will encourage smuggling26 July 2016, Published under Cement NewsThe All Pakistan Cement Manufacturers Association (APCMA) has warned that the decision to impose an additional excise duty imposed in this year’s federal budget 2016-17 could lead to a rise in smuggling of cement from Iran. The Nation reports that the Pakistani cement industry lost 1Mt in sales due to Iranian cement being smuggled into coastal areas. The APCMA criticised what it said was a lax regime of border controls and called on the government to act. Cement producers in Pakistan n... |