Cement News tagged under: trade
Bangladesh’s clinker imports more expensive in new budget FY23-2405 June 2023, Published under Cement NewsBangladesh Minister for Finance, AHM Mustafa Kamal, presented National Budget Speech 2023-24 (July-June) in parliament on 1 June and made some tax measures on the cement industry. The measures are detrimental to the cement industry as they will raise the import cost of clinker and the price of cement bags in Bangladesh, according to local experts. Increase duty on clinker imports The minister proposed that the specific duty of only BDT500/t (US$4.66/t) currently in force for import... |
Cement export revenue totals US$150m in 10MFY22-2323 May 2023, Published under Cement NewsThe cement industry in Pakistan experienced a mixed trend in export revenue during the first 10 months of the current financial year, which runs from July 2022 to June 2023. While the amount of revenue earned in US dollars decreased, it actually improved in terms of the Pakistani rupee due to the currency's devaluation. Based on the latest data from the Federal Bureau of Statistics (FBS), the cement industry's export earnings for the 10MFY22-23 amounted to US$150.487m, with 3.242Mt of ce... |
Can CBAM create a level playing field for CO2 emissions?19 May 2023, Published under Cement NewsThis week, Eurostat released the EU cement industry statistics for 2022. There has been little change from 2021 when EU27 imports of cement and clinker totalled around 9.5Mt, but in 2022 imports rose above 10Mt for the first time. It is a rising trend that has continued to evolve since pre-2016, when clinker and cement imports to the EU27 totalled less than 2.5Mt. Meanwhile, cement and clinker exports from the EU27 have slumped from nearly 25Mt in 2016 to around 13Mt in 2022 with the UK and ... |
Pakistan's cement industry saw a mixed export revenue trend in 9MFY22-23 and March25 April 2023, Published under Cement NewsPakistan's cement industry saw a negative trend in export revenue on the back of a range of factors, including a slowdown in economic activity in Pakistan and overseas. According to the country’s Federal Bureau of Statistics (FBS), in the 9MFY22-23 the cement industry earned US$135.439m by exporting 2.91Mt of cement and clinker, compared with US$199.372m from 5.23Mt exports in the 9MFY21-22. This shows that exports slid by 32.1 per cent in value, and volumes were down by 44.4 per cent. In lo... |
Pakistan cement earns US$117.69m during the 8MFY22-2321 March 2023, Published under Cement NewsPakistan's cement industry constantly saw a negative to mixed export revenue trend in the 8MFY22-23 (July 2022-February 2023), according to the country’s Federal Bureau of Statistics (FBS). The country's political and continued economic uncertainty, high business costs and cooling world economy have impacted overseas and local dispatches. Overall, a delay in loan disbursement also hurt the sentiments of cement and other industries. BMA Capital Management Ltd adds that it has been a challengi... |
Pakistan cement industry's exports fall in 7MFY22-2321 February 2023, Published under Cement NewsPakistan’s cement industry saw a negative export revenue trend on overseas dispatches in the 7MFY22-23 (July-January 2023), according to the country’s Federal Bureau of Statistics (FBS). During the 7MFY22-23, the cement industry earned US$100.63m by exporting 2.061Mt of cement and clinker, compared with US$160.92m from 4.315Mt exports in the 7MFY21-22. As a result, exports plummeted by 37.5 per cent in value, and volumes were down by 52.2 per cent. In local currency terms, export sales rece... |
Domestic dispatches rise and exports fall in January06 February 2023, Published under Cement NewsPakistan's total cement industry dispatches increased by 1.2 per cent in January 2023 to 4.01Mt from 3.96Mt dispatched during the same month of last fiscal year. Local cement dispatches advanced by 5.2 per cent YoY to 3.587Mt in January 2023 from 3.409Mt in January 2022. However, exports dispatches declined by 24.1 per cent as volumes fell from 551,006t in January 2022 to 418,067t in January 2023, says the All Pakistan Cement Manufacturers Association (APCMA). Moving forward, the manage... |
DTI imposes definitive anti-dumping duty on Vietnam exporters30 December 2022, Published under Cement NewsThe Cement Manufacturers Association of the Philippines (CeMAP) welcomed the imposition of definitive anti-dumping duties against cement imports from Vietnam, according to a report in the Manila Bulletin. In a statement, CeMAP reiterated its view that there is sufficient domestic capacity to serve local demand for cement. It claimed that even without cement imports, the domestic industry is highly competitive with 14 integrated cement plants operating in the country, with further capacity... |
CEMBUREAU welcomes ETS and CBAM agreements20 December 2022, Published under Cement NewsCEMBUREAU, the European Cement Association, welcomed the trilogue agreements struck by EU negotiators on the EU Emission Trading Scheme (ETS) and the EU Carbon Border Adjustment Mechanism (CBAM). “The agreements on CBAM and ETS are essential to create a global level playing field on CO 2 and support our sector in its transition to carbon neutrality. It is positive that the EU institutions strengthened some key aspects of CBAM”, commented Koen Coppenholle, CEO of CEMBUREAU. “We howev... |
Cement exports and production fall during 5MFY23 and 4MFY2319 December 2022, Published under Cement NewsPakistan's cement industry export revenue in the first five months of FY22-23 (July-November 2022) drastically fell on account of value and volumes, leading to reduced export earnings on YoY and MoM basis, according to the country’s Federal Bureau of Statistics (FBS). The production also contracted during the first four months of the current financial year. During the 5MFY22-23, the cement industry earned US$76.87m by exporting 1.547Mt of cement and clinker, compared with US$115.99m from ... |