Cement News tagged under: trading
Safeguard measures placed against imports into Philippines28 January 2019, Published under Cement NewsThe Philippine’s Department of Trade and Industry (DTI) has begun preliminary safeguard measures against cement imports from Vietnam amongst other countries. As such, the DTI applied duties of PHP8.40 (US$0.16)/40kg bag or PHP210/t (US$4/t). The safeguard measures will be in place for 200 days from 18 January 2019. Vietnam was the biggest importer of cement into the Philippines between 2014-17. In the first four months of 2018, cement imports from Vietnam accounted for 75.2 per cent of th... |
Gambia raises tax on Senegalese imports24 January 2019, Published under Cement NewsGambia has imposed a new import tax regulation on cement being imported from Senegal that has exacerbated the shortage of cement and increased prices in the country. Both the Commissioner General of GRA, Yankuba Darboe, and the Permanent Secretary at the Ministry of Finance, Mod Secka, confirmed that a cabinet decision was reached on the increment of excise duty on cement, imported from neighbouring Senegal. A five per cent excise tax was put on the CIF import value from 1 January 2019. Th... |
Fiji receives clinker imports from Japan23 January 2019, Published under Cement NewsThe Tasman Sea, a bulk carrier registered under a Hong Kong flag, docked at Lautoka Port to off-load clinker for the Tengy Cement Factory in Naikabula and is expected to arrive in Suva next week for its factory in Veisari, Lami. Fiji has been experiencing a shortage of cement and the delivery will help increase production. This is the second delivery that the Tasman Sea has made to Fiji. Local shipping agency Transam Fiji Ltd operations manager, Madulesh Lakhan, said that the vess... |
Pakistan cement exported 0.625Mt of cement in December 201823 January 2019, Published under Cement NewsPakistan's cement industry received foreign exchange revenue of US$25.89m by exporting 624,714t of cement during the month of December 2018, compared to US$26.77m at 635,192t in the previous month. This shows a fall of 3.3 per cent and 1.7 per cent in terms of value and quantity, respectively, according to the Federal Bureau of Statistics. However, if compared to December 2017 (293,890t at US$14.54m), it translates to an increase of 78 per cent in foreign currency earnings and 112.6 per ce... |
Bangladesh's cement export revenue continues to decline 6MFY1921 January 2019, Published under Cement NewsBangladesh's cement industry recorded a fall of 6.7 per cent in export revenue to US$5.75m during the first six months of FY18-19 (July-December 2018) compared to US$6.16m, 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. Bangladesh's government has set an export target of US$14m for cement industry for the FY18-19 (July 2018-June 2018), against US$12.59m from last ... |
Exports help Saudi cement sales rise 7% in December17 January 2019, Published under Cement NewsCement and clinker sales in Saudi Arabia rose 7.2 per cent YoY to 4.37Mt (including exports) in December 2018 compared to 4.08Mt in the previous year, reports Aljazira Capital. Clinker inventory increased 18.8 per cent YoY and 0.8 per cent MoM to 42.34Mt last month, but cement dispatches were down 10 per cent YoY. The plant utilisation rate in the Saudi cement sector fell to 54.1 per cent in December, compared to 62.4 per cent in the same period last year. Hail and Southern Cement record... |
INSEE Cement starts shipments into Hambantota International Port16 January 2019, Published under Cement NewsHambantota International Port has begun taking cement industry shipments in Sri Lanka, extending its bulk handling capabilities. INSEE Cement became the first cement producer to use the facilities at the port by unloading the Ithaca Patience, which discharged 27,150t of slag cargo. "The advantage of bringing in bigger ships provides economy of scale, and the efficiency with high productivity levels has made Hambantota Port the preferred option for the cement industry operating in the south,... |
Pakistan cement companies expect mixed results for 6MFY1914 January 2019, Published under Cement NewsPakistan cement companies are scheduled to announce their financial results for the second quarter and six months of FY18-19 in coming months. Top cement companies are expected to post a growth of over two per cent QoQ, or 37 per cent YoY decline for 1HFY19. According to a research report of IGI Finex Securities Ltd, based on provisional numbers, volumetric sales depict a modest four per cent YoY growth during 1HFY19, primarily owing to healthy exports growth of 48 per cent YoY, while loca... |
Iran produces 41Mt of cement in last 9M of 201814 January 2019, Published under Cement NewsIran produced 41Mt of cement during the nine months to 21 December 2018, of which 4.8Mt were exported, reports the Iran Cement Association. According to Iran Cement Association Secretary, Abdolreza Sheikhan, domestically-produced cement is currently priced at US$25-30/t in export markets, which indicates that export earnings amounted to US$120-144m for the reported period. "Cement production during the nine months saw no significant change compared with the similar period of last year whi... |
Tajikistan exports US$65.4m of cement in 201814 January 2019, Published under Cement NewsTajikistan exported 1.14Mt of cement in 2018, representing a value of US$65.4m. In 2017 exports stood at 970,100t and had a value of US$49.5m.The country exports cement to Uzbekistan, Afghanistan and Kyrgyzstan. Meanwhile, preliminary work began on the construction of a cement plant in Kubodiyon district, Khatlon – set to become the largest in the country, according to Azer News. |