Cement News tagged under: exports
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Yanbu Cement begin cement and clinker exports27 March 2018, Published under Cement NewsYanbu Cement Co has signed a one-year agreement to export 1Mt of clinker and 0.5Mt of cement as of April 2018. The company added that the deal is expected to boost company's revenues by SAR100m (US$26.6m) during FY18. Analysts EFG Hermes estimates that the cement producer will sell cement at SAR140/t (a discount to prevailing 4Q17 price it had reported but substantiated given large quantities) and clinker at SAR65/t (which is close to its cost of SAR60/t). EFG Hermes assume the total agr... |
PPC26 March 2018, Published under Cement NewsThe Reserve Bank of Zimbabwe has agreed to grant PPC Zimbabwe an export incentive above the usual five per cent. The company applied for the incentive following a drop in its exports from 0.1Mta in 2014-15 to zero on the back of currency depreciations against the US dollar. According to Kelibone Masiyane, managing director, PPC, the company will now resume exports but at variable costs so will not fully recover its absorbed costs. The bottom line will be to get US dollars to pay for the raw ... |
Dangote receives approval to raise NGN300bn in local-currency bonds22 March 2018, Published under Cement NewsDangote Cement Plc has announced that it received approval from the Securities and Exchange Commission (SEC) and other regulators to raise NGN300bn (US$833m) in local-currency bonds, according to This Day. The bond will be issued in stages of NGN50bn whenever interest rates are favourable. The company plans to use the fund to finance its expansion and refinance its debt. Dangote is expected to spend US$350m on capital projects this year, which includes building export facilities at Nigeria... |
Cement demand in Spain shows double-digit growth22 March 2018, Published under Cement NewsCement demand in Spain expanded by 11 per cent in the 12 months up to January 2018 when compared with the year-ago rolling year, according to the new Cement Barometer, prepared by Oficemen, the country’s cement association. The latest figure has seen domestic consumption rise for 11 consecutive months with YoY double-digit increases noted in the past two months. However, cement and clinker exports have continued their decline, falling 10 per cent in 2017. |
Pakistan's cement export revenue totals US$149.7m in 8MFY1822 March 2018, Published under Cement NewsPakistan exports revenue of cement during the first eight months of FY17-18, recorded a YoY fall of 13.4 per cent and 16.9 per cent in quantity and value in dollars, respectively, says data released by Federal Bureau of Statistics, Government of Pakistan. The breakdown shows that the country exported 2.98Mt of cement and earned export revenue of US$149.71m in July 2017-February 2018 compared to 3.44Mt at US$180.13m in the corresponding months of the previous fiscal year. In February ... |
Egypt exports rise 79% in January22 March 2018, Published under Cement NewsEgypt’s cement exports increased 79 per cent in January 2018 to reach US$7m, compared to US$4m in the year-ago period, according to a report from the country's Export Council for Building Materials. This follows a recent 194 per cent rise in cement exports to Yemen, which contributed US$1.3m in January. Exports to Kenya boomed, advancing 6630 per cent to US$1.9m from US$29,000. However, cement dispatches to Saudi Arabia declined 25 per cent YoY to US$891,000 from US$1.19m. Following t... |
Turkish cement export up 7% in 201720 March 2018, Published under Cement NewsTurkey's cement exports rose 6.9 per cent YoY to 8Mt in 2017, according to the Turkish Cement Manufacturers’ Association (TCMB). Turkey produced 81Mt of cement and clinker in 2017, up 6.8 per cent when compared with 2016. Of this total, 9.9 per cent was exported, said the TCMB. Most exports were destined for the USA, but the largest increase in export volumes was to Haiti. |
Peru sees February consumption edge up19 March 2018, Published under Cement NewsCement demand in Peru increased by 1.4 per cent YoY in February 2018 to 0.824Mt from 0.812Mt, according to the latest data by Asocem, the country’s cement association. When compared with January 2018, the decline is 1.4 per cent from 0.861Mt. Cement sales by domestic producers in Peru slipped 0.2 per cent YoY to 0.735Mt in February 2018. When compared with the previous month, the decline was 7.8 per cent from 0.798Mt. Cement production in February 2018 fell to 0.717Mt from 0.802Mt in J... |
PPC Zimbabwe to resume exports19 March 2018, Published under Cement NewsPPC Zimbabwe says it will leverage on an enhanced export incentive which the cement producer has been granted by the Reserve Bank of Zimbabwe (RBZ) to break even and resume exports despite high production costs, according to The Zimbabwe Independent. The central bank has approved the company’s application for an export incentive above the usual five per cent. PPC Managing Director Kelibone Masiyane said that the company’s export levels have dropped from 0.1Mta in 2014-15 to zero as cu... |
Cement exports from Bangladesh on the rise19 March 2018, Published under Cement NewsBangladesh's cement industry earned export revenues of US$8.8m during the first eight months of FY17-18 (July 2017-February 2018), compared to US$5.93m earned in the year-ago corresponding months, reports the Export Promotion Bureau (EPB). This equates to a 49 per cent increase in exports YoY with India the main destination for cement exports. The export figure also includes a minor amount of salt, stone and related products, but the country's export promotion bureau has appreciated the ... |