Cement News tagged under: trading
Pakistan's government urged to drop coal import duty03 April 2018, Published under Cement NewsThe Federation of Pakistan Chambers of Commerce & Industry (FPCCI) has requested the government to allow duty free import of coal for the benefit of power generation and cement and other industry. Syed Mazhar Ali Nasir, Senior Vice President of the FPCCI, has urged the Miftah Ismail, Advisor to Prime Minister on Finance, Revenue and Economic Affairs, and Federal Minister for Commerce, Muhammad Pervaiz Malik, to withdraw the five per cent import duty on coal and allow its duty-free imports... |
Philippine imports pass quality tests30 March 2018, Published under Cement NewsThe Philippine government has confirmed that all of the country’s cement imports have passed quality tests after the implementation of an administrative order by the Department of Trade and Industry (DTI). "In the review of implementation of the revised DTI Department Administrative Order 17-06:2017, governing the procedure in testing the standard compliance of all imported cement, we found 100 percent compliance where all shipments of imported cement passed the post shipment tests conduc... |
Algeria's Aoulef works exports first cement to Niger28 March 2018, Published under Cement NewsEl-Hamel-owned Aoulef cement plant, in Adrar, Algeria, carried out the first Algerian cement exports to Niger, according to Minister of Industry and Mines, Youcef Yousfi. The new plant, which entered service in December 2017 exported 950t of cement overland to Niger – the first of regular shipments. The 1.5Mta Aoulef cement facility plans to exports around 1Mta of its output. "With these export operations, Algeria has thus shifted from [being] a large importer of cement to an exporti... |
Savannah Cement sees opportunity with African trade agreement26 March 2018, Published under Cement NewsSavannah Cement of Kenya has optimism of growing trade following the signing of the KES3trn (US$29.7m) African Continental Free Trade Area (AfCFTA) agreement. Savannah Cement's CEO, Ronald Ndegwa, said that east Africa-based companies will soon start enjoying wider markets and opportunities. The AfCFTA signed last Tuesday in Kigali, Rwanda, seeks to create a single continental market for goods and services, with free movement of business persons and investments. This will pave the way... |
Gambian cement shortage leads to vendor price hikes23 March 2018, Published under Cement NewsGambian cement producers, have denied being responsible for the recent price hikes in cement prices. Both Gacem and Salam Cement expressed their surprise at the retail prices. Many vendors sell the commodity between GMD300 to GMD320/bag (US$6.3-6.7/bag). The Human Resource Manager at Gacem Cement Betty Njie, reiterated that they are selling cement for D260 from their outlets and does not understand the reason why vendors have been selling cement at their own exorbitant price tag. Ida Jaite... |
Investment minister explains cement price rises in Tanzania21 March 2018, Published under Cement NewsTanzania's Trade and Investment minister Charles Mwijage has clarified the reasons behind the recent rise in building materials in the country. He explained that the local increase in cement prices was partly caused by a breakdown at the Dangote factory in Mtwara. Mr Mwijage added that the breakdown would be fixed within six to seven days. "Dangote is a game changer. They use the market penetration strategy. The approach is to manufacture more and distribute large quantities of cement coun... |
Turkish cement export up 7% in 201720 March 2018, Published under Cement NewsTurkey's cement exports rose 6.9 per cent YoY to 8Mt in 2017, according to the Turkish Cement Manufacturers’ Association (TCMB). Turkey produced 81Mt of cement and clinker in 2017, up 6.8 per cent when compared with 2016. Of this total, 9.9 per cent was exported, said the TCMB. Most exports were destined for the USA, but the largest increase in export volumes was to Haiti. |
Devki Group complains of substandard imports flood20 March 2018, Published under Cement NewsDevki Group's Chairperson, Narendra Raval, has spoken out against imported cement that is disrupting the Kenyan cement market and has criticised the Kenya Bureau of Statistics (KBS) and Kenya Association of Manufacturers (KAM) for not taking action to protect local producers. Narendra Raval said: "Those importing to Kenya are not monitored. Their cement is substandard and below the normal 50kg. This is killing the local industry." Mr Raval questioned why the KBS and KAM is not ... |
Cement exports from Bangladesh on the rise19 March 2018, Published under Cement NewsBangladesh's cement industry earned export revenues of US$8.8m during the first eight months of FY17-18 (July 2017-February 2018), compared to US$5.93m earned in the year-ago corresponding months, reports the Export Promotion Bureau (EPB). This equates to a 49 per cent increase in exports YoY with India the main destination for cement exports. The export figure also includes a minor amount of salt, stone and related products, but the country's export promotion bureau has appreciated the ... |
Saudi Cement companies await upturn on 2Q18 export sales14 March 2018, Published under Cement NewsSaudi cement companies' sales in February fell 11 per cent 3.63Mt compared to sales of 4.09Mt in February 2017. However, analysts are confident that 2Q18 sales will increase on the back of higher exports. Asharq Al-Awsat reported that Saudi Arabian cement companies will rely on completing domestic construction projects and increased exports to raise revenues in 2Q18. "Saudi cement companies are positioned to boost sales in the second half of this year," said economic specialist Faisal ... |