Cement News tagged under: trade
Oman and UAE sign agreement on limestone exports18 October 2023, Published under Cement NewsOman and the Etihad Rail Co(OERC) have signed an agreement with Emirates Steel Arkan to facilitate the export of raw limestone from Oman to the UAE. According to Gulf News Reporter, OERC will provide logistics solutions for the transportation of 4-6Mta of limestone, which Emirates Steel Arkan plans to import from Oman to its cement factories in Al Ain, UAE. “Our collaboration with OERC enhances our supply chain capabilities by leveraging the railway network that connects both countries,” ... |
PIBTL reap benefits from PKR appreciation to reduce exchange losses18 October 2023, Published under Cement NewsPakistan International Bulk Terminal Ltd (PIBTL) will benefit from Pakistani rupee currency appreciation against the greenback. The rupee is getting stronger due to administrative measures. PIBTL was incurring losses due to exchange losses. According to Spectrum Research, the strengthening of rupee against the dollar by four per cent since June 2023 is poised to mitigate the foreign exchange losses, as the PIBTL holds foreign currency-denominated loans of approximately US$18.4m. Moreover... |
CBAM transition period comes into effect29 September 2023, Published under Cement NewsOn 1 October 2023 the transition period of the European Union's Clean Border Adjustment Mechanism (CBAM) regulation to control embedded emissions in imported goods including cement, will commence. Urszula Szalkowska, Managing Director at EcoEngineers, Poland, explains how it will work. The CBAM regulation covers several goods groups, including cement clinkers, white Portland cement, other Portland cement, other hydraulic cements, aluminous cement, and other kaolinic clays. Importer... |
Pakistan's cement industry saw significant export growth in 2MFY23-2420 September 2023, Published under Cement NewsPakistan's cement industry saw significant growth in cement exports, both over land to Kabul and further afield by sea during 2MFY23-24 due to the depreciation of the Pakistani rupee and the falling prices of Afghan and local coal. According to AKD Securities Ltd, cement exports are expected to show growth going forward, driven by the viability of export prices, particularly in light of declining coal prices. IMS Research also believes that exports continue to demonstrate robust growth, p... |
Rising energy price may dent cement business in Pakistan03 August 2023, Published under Cement NewsPakistan's government increased the fuel price in the country on 1 August 2023. Two influential trade organisations, the Federation of Pakistan Chambers of Commerce & Industry (FPCCI) and the Korangi Association of Trade and Industry (KATI), strongly opposed the recent increase in petrol prices, calling for its immediate withdrawal. An increase in transport costs would spike the cement industry's dispatches and raw material transportation costs. FPCCI President, Irfan Iqbal Sheikh, has s... |
Reassessment of raw materials import value demanded28 July 2023, Published under Cement NewsThe Bangladesh Cement Manufacturers Association (BCMA) has urged the government to revisit the assessment value of three raw materials (cement clinker, granulated slag and gypsum) as their prices have fallen in international markets. They asked that the assessment value of cement clinker be reduced from US$60 to US$50t, granulated slag from US$30 to US$26t and gypsum from US$35 to $30t, the BCMA said in a letter to the Chattogram Custom House recently. According to the National Board o... |
Pakistan's cement industry performance in FY22-2314 July 2023, Published under Cement NewsIn FY22-23, Pakistan’s cement industry’s local dispatches were affected by expensive construction (high steel and cement prices), declining consumer buying power and cuts in public sector spending. However, the industry saw some respite in the latter half of the year when exports picked up and the industry sustained profitability. Looking ahead, some relief in the import price of Afghan coal and a fall in prices internationally would bode well for the industry, according to the local media r... |
Coal ash laden vessel sinks in Bangladesh21 June 2023, Published under Cement NewsChittagong Port of Bangladesh has reported that a local vessel carrying coal ash for cement and other industries sank in the Alpha Anchorage area of the port on 14 June. According to local sources, the MV Delower Al Bahar, carrying 800t of coal ash, sank due to hostile weather in the outer anchorage of the Chattogram port. Bangladesh Inland Water Transport Authority officials said the vessel sank after its floor ruptured with crew on board the lighter ship jumping into the sea when it sta... |
Devki Group to boost clinker exports09 June 2023, Published under Cement NewsNational Cement (Devki Group) has announced that it will export up to 80 per cent of the clinker it produces when its new West Pokot plant in Kenya starts production. This will see increased clinker supply to the neighbouring countries of Uganda, Rwanda and Burundi. Uganda's market is starved of clinker production with a capacity of just 1.86Mta, far below its nominal cement capacity of 7.13Mta, according to The Global Cement Report Plant Database (GCR PD). Rwanda's market is similarly defi... |
APCMA reports 19% increase in cement dispatches in May 202305 June 2023, Published under Cement NewsThe All Pakistan Cement Manufacturers Association (APCMA) released more encouraging data for May 2023 than in the previous month of April, which was overshadowed by the season break during Ramadan. The cement representative body is salient about the upward trend. The rise in dispatches has been attributed to increased export and local buying before the announcement of the federal budget as a precaution against measures that would put upward pressure on prices. In addition, falling coal pric... |