Cement News tagged under: trading
Clinker largest import commodity in Côte d’Ivoire15 March 2019, Published under Cement NewsIn 2018 clinker imports into Côte d’Ivoire edged up to 3.1Mt, from 3.03Mt in the previous year, making them the country’s largest import volume for the second-consecutive year, ahead of petroleum imports, acccording to the country’s Customs Department. The value of clinker imports advanced 9.7 per cent to XOF94.01bn (US$162.3m) when compared with XOF85.68bn in 2017. The maximum price of a 50kg bag of cement has been fixed by the country’s government at XOF4500, although shops in the capit... |
Exports seek solutions for stalled export to India11 March 2019, Published under Cement NewsExports of cement and other commodities from Pakistan to India have been impacted following imposition of 200 per cent import duty by New Delhi on the aftermath of recent terrorist attacks on Indian soldiers. According to local media, Pakistani exporters have sought the government's help to clear their multi-million dollars of shipments stuck at the Indian ports, since the two neighbouring countries indulged in border skirmishes a month ago. They demanded of the government to form a taskf... |
LafargeHolcim Algeria ships first white cement exports to South Africa07 March 2019, Published under Cement NewsLafargeHolcim Algérie loads its first white cement shipment onboard for export LafargeHolcim Algérie has carried out its first exports of white cement from Oran, Algeria, to South Africa. A consignment of 10,000t of “Super White” cement, produced in the company’s Oggaz plant, was shipped to Cape Town. The shipment is part of the company’s export programme, launched in 2018. In the run-up to 2021, LafargeHolcim expects to export 10Mt of grey cement clinker to west Africa. |
Pakistan cement industry facing challenges28 February 2019, Published under Cement NewsA number of Pakistan cement companies have shown poor financial performance in 1HFY19, due to a combination of factors, including dwindling local demands and the rising cost of production. According to local media, the government has not only slashed Public Sector Development Programme (PSDP) spending, but private sector commercial and housing construction spending has also cooled, leading to lower cement sales, particularly in the northern zone. For northern players that export to Afghan... |
Bangladesh reports fall in cement export for 7MFY1925 February 2019, Published under Cement NewsBangladesh's cement industry recorded a fall of 15.27 per cent in export revenue to US$6.55m during the first seven months of FY18-19 (July-January, 2019) compared to US$7.73m, earned in the same months last year, according to the Bangladesh Export Promotion Bureau. The export figure also includes a minor amount of salt, stone and related products. The seven months export is also short of target by 18.54 per cent set by the government for the 7MFY19, ie US$8.04m. Bangladesh's governm... |
Cement import into USA draws US$506,250 OFAC penalty25 February 2019, Published under Cement NewsThe US Treasury Department’s Office of Foreign Assets Control (OFAC) has reached a US$506,250 settlement with ZAG International, based in Newtown (CT), for illegally sourcing clinker from Iran. Between 11 July 2014-15 January 2015, ZAG International purchased 263,563t of Iranian-origin clinker via a supplier in the UAE, which was then resold by the company to a customer in Tanzania. ZAG’s actions violated the Iranian Transactions and Sanctions Regulations. OFAC said ZAG’s managing direct... |
Armenia to increase cement import levy22 February 2019, Published under Cement NewsArmenia’s government is taking measures to protect domestic cement producers from competition by cement producers in neighbouring countries. The state policy of subsidising the cost of gas and electricity in Armenia’s neighbours has led to a rise in more competitively-priced imports into Armenia. As result, output volumes at Armenia’s cement plants, Ararat and Hrazdan, have significantly decreased. Around 2Mta of product is currently stored in warehouses with only one-third sold. In Januar... |
India raises cement import duties to stop Pakistan shipments20 February 2019, Published under Cement NewsPakistani exports of cement to India have been suspended, due to growing tension between Islamabad and Delhi over a recent terrorist attack in Pulwama, in Jammu and Kashmir, India. India has de-listed Pakistan from the status of 'Most-Favoured Nation' and increased import duty by 200 per cent on all imports from Pakistan, including cement and reportedly suspension of trade from border for the last few days. Meanwhile, according to a private TV channel, "around 300 trucks carrying ceme... |
Exports from Pakistan during 7MFY19 improve19 February 2019, Published under Cement NewsThe Pakistan cement industry is facing a domestic drop in cement demand, but export data for 7MFY19 show overseas sales have been strong. Experts believe that with domestic demand experiencing a dip, cement manufacturers have been selling off their surplus inventory to regional markets perhaps with a cut to their margins. Pakistan's cement industry received foreign exchange revenue of US$27.34m by exporting 655,317t of cement during the month of January 2019, compared to US$25.89m at 624,... |
Tunisian clinker exports surge in 201818 February 2019, Published under Cement NewsClinker exports in Tunisia increased 382 per cent to 1.5Mt in 2018 when compared with 311,000t in 2017, according to data published by the country’s Ministry of Industry and Small- and Medium-Sized Enterprises. Cement exports edged up by 3.7 per cent YoY to 273,000t in 2018. In terms of clinker production, output rose by 6.7 per cent YOY to 7.353Mt from 6.89Mt in 2017. Cement production remained stable at 7.3Mt when compared with 2017. Domestic market demand also remained level at 7Mt ... |