Cement News tagged under: trading
Botswana to restrict cement imports04 July 2018, Published under Cement NewsThe Botswana Government will restrict cement imports from September 2018. According to the Minister of Investment, Trade and Industry, Bogolo Kenewendo, the step is part of the process aimed at stimulating economic activity and job creation. "The proposed restrictions would be done through the issuance of import permit after the importer has submitted evidence that indeed they have satisfied the 70 per cent requirement," Mr Kenewendo said. |
Hima Cement forecasts prices to fall in Uganda14 June 2018, Published under Cement NewsNicholas George, Hima Cement Country CEO, has stated that cement prices in Uganda will fall some more as new capacities, such as Hima's 1.7Mta expansion in Tororo, come on-stream. Mr George said the period of rising cement prices was over. Speaking to the Daily Monitor, he said: "The country was faced with rising cement prices for about one month. But it is over. It was an accumulation of different parameters, all arriving at the wrong time. But with the new capacities in the market, the ... |
Pakistan's cement exports to benefit from PKR depreciation12 June 2018, Published under Cement NewsCement exports from Pakistan are likely to benefit from the Pakistani rupee depreciation against the US dollar as reported in foreign exchange markets. According to Elixir Securities Pakistan, the rupee has depreciated by 3.9 per cent during the day to PKR121 against the greenback, from last week's close of PKR116.5. Historically the local currency has depreciated in spurts, with today's move being the third one to date in FY18, following depreciations in December 2017 and March 2018, taki... |
Coal prices on Pakistan may affect profitability08 June 2018, Published under Cement NewsThe increase in coal prices is likely to affect the margin of cement companies in Pakistan, particularly those who have captive power plants based on imported coal. According to Research House report, the demands for coal may vary subject to international factors in coming months. International coal prices posted a surge of 34 per cent during FY18 to date mainly due to production constraints, low inventory levels and strong demand (spurred by cold weather) in China. Currently coal (Richa... |
Bangladesh cement exports rise by 24% in 11MFY17-1807 June 2018, Published under Cement NewsBangladesh's cement industry export revenues saw a growth of 24.01 per cent during the first 11 months of FY17-18 (July 2017-May 2018), says data released by Export Promotion Bureau (EPB). The country exported cement and other materials worth of US$11.88m during the 11MFY17-18, compared to US$9.58m earned in the year-ago corresponding months. This represent a growth of over 24 per cent in exports YoY with India being the main destination for cement exports. The export figure also incl... |
Fancesa gears up for exports to Paraguay, Argentina and Chile06 June 2018, Published under Cement NewsBolivian cement producer Fancesa will carry out market research in Paraguay, Argentina and Chile this year with a view to entering these markets as soon as the company’s new line is up and running in 2019. While the decision to export was taken in January last year, it was not until last February that the company’s President, Eduardo Rivero, confirmed that the negotiations with Paraguay were moving in the final lap. However, it was expected that exports would start this year. Four mon... |
Cement prices rise in Pakistan04 June 2018, Published under Cement NewsPrices of cement in Pakistan are expected to rise following an increase to the Federal Excise Duty (FED) to PKR1.50/kg (U$0.012) from PKR1.25/kg , in the Federal Budget 2018-19 (July 2018-June 2019). Experts expect local cement producers to pass on the extra government levy to end users. Last week Attock Cement Pakistan Ltd (ACPL) and Lucky Cement announced increases in their cement prices, respectively. The maximum retail price for ordinary Portland cement varies between PKR600-620/bag ... |
LafargeHolcim Msila ships 17,000t for export to west Africa04 June 2018, Published under Cement NewsLafargeHolcim’s plant in Msila, Algeria, has recently carried out a 17,000t shipment for west Africa. The consignment of bulk cement was delivered to the port of Djendjen. It is the seventh such delivery since December 2017 and its part of the group’s plans to export 2Mt of cement in 2020. LafargeHolcim owns two plans in Algeria – one at M’Sila and one at Oggaz (Mascara). In addition, it is part of a joint venture with the Souakri Cilas group and runs the plans at Biskra. |
Pakistan's exports tipped to increase01 June 2018, Published under Cement NewsExperts are hoping an increase in exports of cement from Pakistan during the outgoing FY18. The country recorded its highest growth of cement exports during 2008-10, when, it hovered around 10.75Mt. Of late, exports have started to drift and reached at 4.66Mt in 2016-17 and 3.9Mt in 10 months of FY18. According to a research house report, cement exports are expected to post stellar growth of more than 37 per cent YoY in May, due to addition of new production plants of Lucky Cement and Att... |
A review of Pakistan cement exports to Afghanistan31 May 2018, Published under Cement NewsPakistan exported 2.43Mt of cement during FY15-16 to Afghanistan, which fell to 1.76Mt in FY2016-17. While Afghanistan remains the biggest export market for Pakistan producers, this translates into a fall of 28 per cent. However, the negative trend would turn into a positive one as the country already exported 1.65Mt of cement to Afghanistan during the first 10 months of the FY17-18. The peak export was 4.72Mt in 2010-11, since then exports have dwindled. Future challenges The industr... |