Cement News tagged under: imports
India: CMA seeks fairer taxes for cement10 July 2014, Published under Cement NewsThe Indian Cement Manufacturers Association (CMA) has requested in its pre-budget memorandum 2014-15 that cement be stipulated as 'Declared Goods', so that it is put on an equal footing with other core sector goods like coal and steel in terms of taxation. At present, while the cement industry in India is one of the country's basic and core infrastructure industries, cement is subject to higher rates of taxation. The CMA intends to rationalise and reduce the excise duty on cement from its... |
Namibia: Ohorongo cement fights back against Chinese importers10 July 2014, Published under Cement NewsNamibia's Ohorongo Cement plant, part of the German-based Schwenk Zement KG, is battling to beat off Chinese cement imports. Plant manager, Gerhard Hirth, said imports from China are always a few cents cheaper than their competitors. The Namibian government had promised Ohorongo Cement it would be protected while in its initial growth phase by a tariff agreement. Cement imports from outside Namibia would be subjected to a 60 per cent levy. However, there are reports of a Chinese importer... |
US shipments rise 6% YoY02 July 2014, Published under Cement NewsShipments of Portland and blended cement in the US and Puerto Rico for the four months to the end of April 2014 reached 23.1Mt, up by about six per cent YoY, latest data from the US Geological Survey (USGS) shows. Shipments in April were 7.4Mt, an increase of about 11 per cent from the level in the same month of the previous year. The leading consuming states (Texas, California, Florida, Ohio and Illinois, in descending order), received about 41 per cent of the April total shipments. Pr... |
Azerbaijan cement output increases 40% YoY30 June 2014, Published under Cement NewsIn the first five months of the year, Azerbaijan produced 1.1Mt of cement, a 40 per cent increase compared to the same period of 2013. The rise in domestic output has been attributed to the entry of new players in the local market and declining imports. Imports in the first five months of the year amounted to US$50m compared to US$61.5m, a drop of 19 per cent YoY. Going forward, the dependence of imports is expected to fall by 20 per cent in 2014-2015, according to industry sources. |
Holcim NZ gets set to increase imports25 June 2014, Published under Cement NewsHolcim New Zealand has confirmed its Westport cement plant will close by the second half of 2016 as the company now has all the final approvals to go ahead with its investment to build two 30,000t import terminals. Work is expected to start on the US$50m terminal at Timaru's PrimePort in August, with a second, worth another US$50m, in Auckland in December. Both should be operational by the second half of 2016. "This confirmation of start dates can be taken as a sign of the global compan... |
Saudi on course for full demand recovery in 4Q1423 June 2014, Published under Cement NewsSaudi cement sector is currently showing signs of recovery, with demand beginning to return to its normal levels, a new report by NCB Capital reveals. Mohamed Tomalieh, equity research analyst at NCB Capital, said: “The average YoY decline in sales since November 2013 stood at 7.9 per cent but sales in May 2014 increased 3.1 per cent YoY, the first increase since the end of the amnesty period for expats in November 2013. The recent growth supports our view of demand normalising in 3Q14, wi... |
Set for rationalisation?18 June 2014, Published under Cement NewsWith the construction sector predicted to grow by just 1.1 per cent in 2014, there is little for South Korea’s cement producers to look forward to. As the focus turns to overseas markets, cement exports are on the up, but how long can this strategy sustain the country’s cement overcapacity crisis? South Korea’s cement producers will need to find a long-term solution to their overcapacity woes as the domestic market has reached saturation point and export growth is unsustainable ... |
Vessel with clinker imports sinks in Bangladesh13 June 2014, Published under Cement NewsA light local vessel, MV Brishti, laden with 9500t of clinker imports capsized in the Bay of Bengal near Patenga beach in Chittagong, Bangladesh following a collision with the sunken ship MV Rita on 12 June. The clinker was imported by local cement company Diamond Cement for use in its production plant and was heading to Diamond's private jetty on the Karnaphuli river after unloading from the bulk carrier, Xing Peng Da at outer anchorage. Due to the port congestion at Chittagong or in cas... |
China cement exports decline in 4M1430 May 2014, Published under Cement NewsChina's cement exports declined by 9.4 per cent YoY to 2.96Mt in the first four months of 2014, according to data released by the General Administration of Customs. However, the growth rate was 1.5 per cent higher than the level realised in the first quarter of this year. Clinker exports surged 63.09 per cent YoY to 1.31Mt over the Jan-April 2014 period. Imports amounted to 94,600t of cement in the first four months, reflecting a YoY decrease of 9.32 per cent. Clinker imports increa... |
US March cement shipments rise 6% YoY27 May 2014, Published under Cement NewsTotal shipments of Portland and blended cement in the United States and Puerto Rico in March 2014 rose by nearly six per cent YoY to 6.1Mt, latest data from the USGS show. Shipments for the year through to the end of March were 15.7Mt, up by about three per cent from the same period of last year. The leading Portland cement-producing states in March were Texas, California, Missouri, Florida and Alabama in descending order. The leading consuming states (Texas, California, Florida, Georgia an... |