Cement News tagged under: trade
Savannah Cement sees opportunity with African trade agreement26 March 2018, Published under Cement NewsSavannah Cement of Kenya has optimism of growing trade following the signing of the KES3trn (US$29.7m) African Continental Free Trade Area (AfCFTA) agreement. Savannah Cement's CEO, Ronald Ndegwa, said that east Africa-based companies will soon start enjoying wider markets and opportunities. The AfCFTA signed last Tuesday in Kigali, Rwanda, seeks to create a single continental market for goods and services, with free movement of business persons and investments. This will pave the way... |
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... |
Investment minister explains cement price rises in Tanzania21 March 2018, Published under Cement NewsTanzania's Trade and Investment minister Charles Mwijage has clarified the reasons behind the recent rise in building materials in the country. He explained that the local increase in cement prices was partly caused by a breakdown at the Dangote factory in Mtwara. Mr Mwijage added that the breakdown would be fixed within six to seven days. "Dangote is a game changer. They use the market penetration strategy. The approach is to manufacture more and distribute large quantities of cement coun... |
Devki Group complains of substandard imports flood20 March 2018, Published under Cement NewsDevki Group's Chairperson, Narendra Raval, has spoken out against imported cement that is disrupting the Kenyan cement market and has criticised the Kenya Bureau of Statistics (KBS) and Kenya Association of Manufacturers (KAM) for not taking action to protect local producers. Narendra Raval said: "Those importing to Kenya are not monitored. Their cement is substandard and below the normal 50kg. This is killing the local industry." Mr Raval questioned why the KBS and KAM is not ... |
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 ... |
Costa Rica considers imposing 5% cement tax on net sale price09 March 2018, Published under Cement NewsThe Costa Rican Legislative Assembly is to discuss proposing a five per cent tax on imported and locally-produced cement. The bill establishes that "… the tax on cement produced within the national territory or imported, will be of five per cent (5%) on the net sale price, both in the case of the national producer at the level of the production plant and for the importer at the level of the dispatch or storage site, excluding the corresponding sales or value-added tax, as well as any other... |
Industry sales in Pakistan grow by 4% in 1HFY1805 March 2018, Published under Cement NewsThe profitability of the cement sector in Pakistan has contracted in the 1HFY18, falling 13 per cent YoY to PKR26.85bn (US$258.4m). This has been attributed to both an increase in the international coal prices and a lower cement retention cost. In the 1HFY18, industry sales grew by four per cent YoY to PKR134.03bn, while cement dispatches recorded a growth of 12 per cent to 19.6Mt. However, this did not result in the topline growth of the sector due to a lower retention price in the north... |
Price rise granted for INSEE and Tokyo Cement05 March 2018, Published under Cement NewsThe Sri Lanka Consumer Affairs Authority (CAA) today (Monday) has allowed INSEE Cement (formerly Holcim Lanka) and Tokyo Cement to increase the price of a 50kg bag of cement by LKR3 (US$0.019) with effect from last Wednesday, reports the Sri Lankan Sunday Times. The Ministry of Industry and Commerce had given consent to the two companies to increase the cement price subject to the approval of the CAA. INSEE and Tokyo Cement had requested to increase the price, citing high costs of importe... |
Cement price increase in north Pakistan01 March 2018, Published under Cement NewsCement retail prices in northern Pakistan have increased by PKR10/bag (US$0.09), due to increase in demand, high capacity utilisation (close to 100 per cent in the north) and increase in coal prices, says a report of a local research house. As a result, retail prices in Punjab have now risen to PKR515/bag (US$4.6/bag) while those in Khyber Pakhtunkhwa (KPK) are now back to PKR500. Analyst discussions with the management of cement companies suggest that they want to gradually increase... |
Pakistan exports fall in 7MFY17-1823 February 2018, Published under Cement NewsPakistani cement exports during the first seven months of current financial year, July 2017-January 2018, recorded a fall of 15.4 per cent in volume and 18.7 per cent by value in dollars, says data released by Pakistan's Federal Bureau of Statistics. Pakistan exported 2.71Mt of cement and earned export revenue of US$136.46m between July 2017-January 2018, compared to 3.21Mt at US$167.9m in corresponding months of last fiscal year. Volumes fell by 15.4 per cent and in terms of doll... |