Cement News tagged under: trading
Bulk carrier detained outside Chittagong port29 May 2019, Published under Cement NewsAccording to Chittagong Port Authority (CPA), the Egyptian bulk carrier "Wadi Feran" was arrested by orders of the local High Court on 23 May in a litigation case at the outer anchorage of Chittagong port in Bangladesh. No reason was disclosed for the arrest. This is likely to delay unloading of clinker, being imported by a local cement manufacturer. The vessel laden with 50,141t of imported clinker arrived on 8 May. |
Philippines sees 64% increase in cement imports for 1Q1923 May 2019, Published under Cement NewsThe domestic cement industry of the Philippines has reported a 64 per cent increase in imports during the first quarter of 2019. Data presented during the first public hearing conducted by the Tariff Commission on the cement import safeguard measure showed total cement imports of 1.74Mt from 1.06Mt in the 1Q18, according to The Manilla Bulletin. Imports reportedly continued to rise despite the imposition of the provisional PHP8.40/bag (US$0.16/bag) safeguard duty imposed in February this ... |
Bangladesh records a 20% fall in export revenue22 May 2019, Published under Cement NewsBangladesh's cement industry has recorded a 20.4 per cent decline in export revenue to US$8.82m during the 10MFY18-19, compared to US$11.08m of the corresponding period of the previous fiscal, according to the Bangladesh Export Promotion Bureau. The export figure also includes a minor amount of salt, stone and related products. The export value fell 23 per cent below the US$11.45m target set by the government for the period. For the FY18-19 the export target for the cement industry is US$... |
Uzbekistan blocks export of Kyrgyz cement22 May 2019, Published under Cement NewsUzbekistan blocks export of cement from Kyrgyzstan, MP Azamat Arapbaev said at the meeting of the Kyrgyz parliamentary committee of economic and fiscal policy, according to Central Asia News. Several Kyrgyz cement companies located in the south of the country export some of their output to Uzbekistan. “They can’t supply cement solely to our market, it is small, enterprises will stand idle then. We need to find out why such restrictions were imposed,” the lawmaker said. Talks were report... |
Bolivia cement imports down 30% in 201810 May 2019, Published under Cement NewsCement imports into Bolivia fell by 29.6 per cent YoY in 2018 and continue to decline, according to the Bolivian Institute for Exterior Commerce (IBCE). "In 2017 Bolivia imported 268,404t of cement for a value of US$28.6m dollars, while in 2018 it was reduced to 189,013t for a value of US$20.1m," said the IBCE. In January-February 2019 the country imported 17,423t of cement with a value of US$1.9m. Imported cement is sourced from several countries, including Peru, Brazil, Mexico, Argent... |
Nepali cement producers give mixed reactions to export plans09 May 2019, Published under Cement NewsCement producers in Nepal have given mixed reactions to the government’s announcement to make cement on of the country’s main export products. While the cement manufacturers welcome the news, it remains to be seen whether exporting cement will be possible, depending on the implementation of the policy. The main challenge for the producers is the cost of production, according to New Business Age. Dhruva Thapa, president of the country’s cement producers’ association, says that exporting... |
Yanbu Cement targets exports09 May 2019, Published under Cement NewsYanbu Cement is targeting a rise in exports, having exported 997,000t of cement and clinker in 1Q19, approximately 40 per cent of Saudi Arabia's cement and clinker exports. Speaking on domestic demand, Ahmed Zugail, Yanbu Cement's CEO, said: "Demand has not improved in 1Q19. The sector sales dropped nine per cent YoY in the first quarter." Mr Zugail added that the government's mega projects like NEOM, the Red Sea, and Qiddiya are still in the planning and design phase. "On the other hand... |
Iran’s cement exports to Iraq suspended08 May 2019, Published under Cement NewsIranian cement exports to Iraq have been suspended, said Hamid Hosseini, secretary general of Iran-Iraq Joint Chamber of Commerce, Trend reports. He said Iran’s exports to Iraq have been suspended for more than a year due to dumping claims. Iranian export companies were not in possession of facts to prove the opposite, he said. “Thus, Iraq has first increased its fees for imported cement from Iran,” he noted. “Then imports of cement from Iran were periodically banned.” |
Pakistan cement producers challenge SA import duties07 May 2019, Published under Cement NewsPakistani cement producers are putting pressure on their government to convince SA to overturn the existing anti-dumping duty on imported cement from that country. In 2018 cement imports into South Africa surged 85 per cent and has exacerbated the effect of weak economic growth, a challenging construction market, domestic overcapacity and increasing competition. South Africa’s International Trade Administration Commission (ITAC) imposed antidumping duties on Portland cement from Pakista... |
Nesher Cement considering Haifa closure03 May 2019, Published under Cement NewsIsraeli cement producer is looking at closing its Haifa plant and moving jobs to Turkey, according to Globes. Last year the company dismissed 40 employees and is reportedly considering further lay-offs and reductions in its activity through Israel, including shutting down its Haifa works. The company’s profit declined sharply last year. In addition, the domestic cement industry is expected to continue to be challenged by large-scale cheap cement imports from Turkey. Imported cement acc... |