Cement News tagged under: trading
Exports from southern Pakistan remain strong09 April 2019, Published under Cement NewsTotal cement sales in Pakistan declined by seven per cent YoY to 4.3Mt in March 2019 and six per cent YoY to 29.3Mt in 9MFY19. However, exports from the southern region continued to be strong. Total exports rose by 23 per cent YoY to 0.5Mt in March 2019. Exports from the northern region fell by 40 per cent as shipments to India have been halted following escalation tensions on the border. Exports in 9MFY19 rose 49 per cent YoY to 5.1Mt, mainly due to a ramp up of exports from southern pl... |
Trinidad Cement seeks higher taxes on Rock Hard Cement imports08 April 2019, Published under Cement NewsTrinidad Cement Ltd (TCL) has written to the Caribbean Court of Justice to seek higher taxes to be imposed on Rock Hard Cement imports, according to the Nation. TCL wants the final appellate court to raise the tax on imported cement above the five per cent which has been suggested by last month's CARICOM Council of Trade and Economic Development (COTED). Hard Rock Cement has been importing product classified as 'other hydraulic cement' from Portugal, which makes it eligible for the five pe... |
GICA ships 37,000t of clinker to Côte d’Ivoire08 April 2019, Published under Cement NewsGICA-owned Hadjar Soud de Skidka (SCHS) plant in Algeria has exported 37,000t of clinker from Annaba port, according to its CEO Youcef Merabet. "This cargo represents the first export operation to the African market made by the SCHS,” according to Mr Merabet. A total of 200,000t of clinker will be exported by the cement plant in 2019 as part of GICA’s 1Mt export programme to African countries. “Skikda's SCHS cement plant, which produces seven types of cement that meet the quality criteria... |
Northern Pakistan cement prices rise04 April 2019, Published under Cement NewsPakistan cement manufacturers have reportedly increased the prices PKR10-15/bag (US$0.07-0.1) of cement in the northern region (Punjab and Khyber Pakhtunkhwa ) of the country. The hike in cement prices will be effective immediately, according to a report by a local research house. Reasoning the hike, the analyst stated that the price change is courtesy of supply-side management amid continued demand-side pressure and inter-regional trade. Ceemnt prices in the north witnessed a sharp drop ... |
Crown Cement becomes export leader01 April 2019, Published under Cement NewsMI Cement Factory Ltd has stated that it has become Bangladesh's cement export leader. The company achieved national export trophy three times for its outstanding performance in cement export. Demand for its Crown Cement brand is gradually increasing at home and abroad. In addition, Crown Cement is contributing to the country's development through foreign currency earning. Bangladesh imported cement before 1995, but gradually the country's cement production base increased its output to re... |
Clinker appetites increasing in Bangladesh26 March 2019, Published under Cement NewsBangladesh's clinker imports have been growing in the last five years, apart from in FY15-16, According to the Economic Survey of Bangladesh 2018. The country's cement producers imported US$615m of clinker in FY13-14, which rose to US$766m in last fiscal year of 2017-18. It translates to a growth of about 25 per cent in half-a-decade. Some 80 per cent of the clinker used for cement production in Bangladesh is imported, according to a local cement producer's report. Due to a lack of minera... |
Tabuk Cement wins clinker export order to Yemen22 March 2019, Published under Cement NewsTabuk Cement of Saudi Arabia has won an order to export 500,000t of clinker to Golden Oil Co in Yemen. The contract will conclude by the end of 2019, according to a bourse statement. The financial impact will be reflected in Tabuk Cement's financial business report in the 2Q19. Tabuk Cement operates an integrated cement plant at Duba port producing 1.2Mta of cement. |
Exports of cement from Pakistan continue to swell in 8MFY1919 March 2019, Published under Cement NewsPakistan Bureau of Statistics (PBS) data shows that the country's cement export value and volume rose during first eight months of the current FY18-19, despite dwindling exports of cement to Afghanistan and India. Pakistan's cement industry received foreign exchange revenues of US$205.86m by exporting 4.83Mt of cement/clinker during the eight months of July 2018-February 2019, compared to US$149.71m at 2.98Mt in the same period last year, according to the PBS. This translates a YoY growth ... |
Wagners suspends cement supply to Boral19 March 2019, Published under Cement NewsWagners Holding Co Ltd has suspended the supply of cement to Boral Ltd for six months after Boral had issued a third-party pricing notice to Wagners under their cement supply agreement. Boral has seen that it can obtain cement supplies cheaper than the price Wagners is offering. Boral's market price is in the form of an unsigned offer and Wagner's believe it may not be genuine. Wagners has commenced a formal process to disrupt the validity of the action, says Proactive Investors. Wagners... |
Cement importers refute claims of sub-standard cement18 March 2019, Published under Cement NewsImporters of cement into the Philippines have disputed claims that their cement fails to meet regulatory standards. "All legally-imported cement retailed in the Philippine market is guaranteed to meet stringent quality controls. Our members import cement from various countries, including Vietnam. But wherever imported cement is sourced, we wish to stress that imported cement undergoes a three-tier quality control procedure mandated by (Department of Trade and Industry)," the Cement Importe... |