Cement News tagged under: trade
Rising imports pressurise Russian cement producers12 July 2024, Published under Cement NewsCement imports to Russia are steadily growing. Belarus and Iran have been increasing supplies and local cement producers have seen their market shares fall and come under pressure. The situation for Russian cement manufacturers is expected to become more acute as cement consumption is likely to decline in 2024, forcing some to increase exports. According to a report by Daria Martynkina, executive director of Russia's cement association, Soyuzcement, cement imports rose to 3.4Mt in 2023, u... |
Vietnam cement exports drop 10.8% in 1H2402 July 2024, Published under Cement NewsBetween 2019 and 2022, the average export value of cement and clinker ranged from US$1bn to US$1.3bn annually. However, in 2023, export earnings sharply declined due to falling prices. The average Free On Board (FOB) price of clinker fell to US$31-32/t in May 2024, a notable decrease from US$46-48/t in 2022. The country’s Ministry of Construction (MoC) cited an increase in the tax on clinker exports, from five to 10 per cent as of 1 January 2023, as a key factor making Vietnamese clinker... |
Pakistan's cement export trend continues to excel in 10MFY23-2421 May 2024, Published under Cement NewsPakistan’s cement and clinker exports increased by 35.9 per cent in the 10MFY23-24 (July 2023-April 2024) to US$204.54m (5.301Mt), compared to US$150.48m (3.24Mt) in the 10MFY22-23, the Pakistan Bureau of Statistics (PBS) said. In Pakistani rupee terms, export revenue saw a significant growth of 593 per cent to PKR58.21bn during the period, sustained by the local currency’s competitive rates against the US dollar. In addition, export volumes increased by 63.5 per cent YoY in the same period.... |
Bangladesh likely to break cement export target in 12MFY23-2408 April 2024, Published under Cement NewsBangladesh recorded 48.7 per cent YoY growth in cement export revenue to US$14.39m in the first nine months of FY23-24 (July 2023-March 2024) from US$9.68m in the same corresponding months of the previous year, according to the Bangladesh Export Promotion Bureau (EPB). This figure includes minor amounts of salt, stone, and related products. The 28.6 per cent YoY rise in cement exports also surpassed the target of US$11.19m for the 9MFY23-24. Bangladesh had set a higher target export reven... |
Think tank to promote industrialisation in Pakistan02 April 2024, Published under Cement NewsPakistan's top trade body, the Federation of Pakistan Chambers of Commerce & Industry (FPCCI), has established a think tank including members from the cement industry to promote industrialisation/export in the country. Atif Ikram Sheikh, president of FPCCI, has formed a high-profile think tank of the apex organisation, comprising the nation’s top economic minds, governance specialists, industrialists, entrepreneurs, investors and exporters. The organisation will be called FPCCI’s Think Ta... |
Mixed Pakistan export revenue trend in 8MFY23-2419 March 2024, Published under Cement NewsPakistan’s cement industry has registered noticeable growth in the first eight months of FY23-24 (July 2023-February 2024), due to the continued good exchange rate of the Pakistani rupee against foreign currency and other factors. Pakistan’s cement and clinker exports increased by 39.3 per cent in the 8MFY23-24 to US$163.9m (4.245Mt), compared to US$117.69m (2.473Mt) in the 8MFY22-23, the Pakistan Bureau of Statistics (PBS) said. In Pakistani rupee terms, export revenue saw a significant ... |
Medcem’s global expansion11 March 2024, Published under Cement NewsTurkey’s Medcem has invested in both its production facility and export capability with a view to expand its reach on a global scale. ICR chats to Mehmet Ali Ceylan, CEO, Medcem about the company’s plans to establish an international terminal network and what steps it is taking to decarbonise its operations. Mehmet Ali Ceylan, CEO of Medcem, speaks with ICR about the company’s plans to build an international terminal network while decarbonising its operations (© Medcem) ... |
Alaskan port sees cement shipments jump by a third27 February 2024, Published under Cement NewsAlaska’s Don Young Port saw cement shipments increase by around one-third in 2023, compared to the previous year. The port handled almost 155,000t of cement last year, accounting for about 80 per cent of the cement used in Alaska. According to Anchorage Daily News, this marks the highest volume of cement shipped across the port since at least 2007. If the last 12 months are anything to go by, 2024 should bode well for Alaska’s construction industry. Four vessels carrying cement usuall... |
WCA launches CBAM communication campaign19 February 2024, Published under Cement NewsThe World Cement Association (WCA) is working to support the roll-out of the EU’s Carbon Border Adjustment Mechanism (CBAM) by joining its stakeholder communication campaign. The goal of the CBAM communications campaign is to inform, explain and facilitate information about CBAM, namely its reporting requirements, methodologies for calculating emissions and how the CBAM transitional registry works. The WCA recognises the importance of providing its members with the necessary tools and res... |
Cement dispatches exhibit mixed trend during January 202407 February 2024, Published under Cement NewsPakistan's total cement dispatches declined by 14.8 per cent in January 2024 to 3.414Mt against 4.006Mt in January 2023. Out of this total, local cement deliveries decreased by 17.3 per cent to 2.967Mt compared to 3.588Mt in January 2023. However, exports increased by 6.8 per cent as the volumes increased from 418,067t in January 2023 to 446,595t in January 2024. A spokesman of the All Pakistan Cement Manufacturers Association (APCMA) informed the government about the serious implications... |