Cement News tagged under: trading
RAK Cement profits have fallen in 9M1706 November 2017, Published under Cement NewsRAK Cement has seen a 21.2 per cent fall in profits in 9M17. The UAE-based company's net profit totalled AED212,470 (US$57,830), compared to AED7.8m (US$2.12m) in 9M16. RAK Cement's sales amounted to AED137.28m in 9M17, a drop of 5.15 per cent YoY. |
Tabuk Cement reports a net loss in 3Q1706 November 2017, Published under Cement NewsAccording to Reuters, Tabuk Cement has seen a net loss of SAR12.2m (US$3.2m) in 3Q17, compared to a net profit of SAR7.9m (US$2.1m) in 3Q16. The net sales of the company have also decreased from SAR49.7m to SAR25.5m over the same period. |
Pakistan cement export revenue continues to fall in 1QFY1726 October 2017, Published under Cement NewsThe export revenue of cement from Pakistan during the first three months of current financial year (July to September 2017) recorded a YoY fall of 17.84 per cent and 18.89 per cent in terms of quantity and value in dollars, respectively, according to data released by Federal Bureau of Statistics, Government of Pakistan. The breakdown during the period shows that country exported 1.22Mt of cement and earned export revenue of US$62.69m, compared to 1.48Mt at US$77.29m from July to September ... |
DR Congo slaps ban on cement imports23 October 2017, Published under Cement NewsThe Ministry of External Trade in the Democratic Republic of Congo (DRC) has imposed an import ban on a selection of goods, Including cement which is expected to impact on Zambian cement producers. A circular dated 25 August 2017 and signed by Minister of External Trade Jean-Lucien Bussa Tongba, included cement on this list of products, reports the Zambia Daily Mail Ltd. The ban is meant to protect local industries, as well as to curb fraud and other illegal practices in the importation... |
Cement prices fall in Pakistan's northern zone20 October 2017, Published under Cement NewsCompetition among the cement players, particularly in Pakistan's northern zone, and seasonal fall in demand have triggered a cement price discount. BMA Capital states that cement prices in the north have fallen by another PKR10-15/bag (US$0.09-0.14) since mid-October 2017. The new retail price range now hovers around PKR460-500/bag, while the list price still remains at PKR510-520/bag, reflecting discounts of PKR20-50/bag. On the other hand, prices in the south remain stable ranging f... |
Egypt doubles value of cement exports in 9M1716 October 2017, Published under Cement NewsEgypt’s cement exports rose 88 per cent during the first nine months of 2017, reaching around US$72m compared to US$38m last year, its building industries export council said on Sunday. Ten countries have captured 89.3 per cent of the Egyptian cement exports, which Saudi Arabia came on the top of the list, the report said. Exports to Saudi Arabia reached 11.186 million compared to US$15.483m last year. Exports to the Kenyan market have soared 1127 per cent to record US$9.385m in nine m... |
Himachal cement companies shelve price hike plans13 October 2017, Published under Cement NewsAn intervention by Chief Minister Virbhadra Singh has forced two subsidiaries of LafargeHolcim with cement plants in Himachal Pradesh to reduce their prices by INR5 per bag in the state. Ambuja and ACC have agreed in principle to reduce the price with immediate effect, a government spokesperson said. The cement price was enhanced from INR360/bag (US$5.54) by the companies on Tuesday. UltraTech Cement Ltd, which took over Jaypee Cement, was also directed not to enhance the rate, an official... |
Pakistan export revenue declines 15% in 2MFY1709 October 2017, Published under Cement NewsThe Pakistan cement industry export revenue during the first two months of current financial year (July-Aug 2017) recorded a fall of 14.86 per cent and 13.9 per cent i n terms of value in dollar and quantity, respectively on YoY basis , while mixed trends were also observed on a MoM basis, says data released by Federal Bureau of Statistics, Pakistan Government. The country exported 871,434t of cement and earned export revenue of US$44.92m in July-August 2017 compared to 1Mt at US$52.77m i... |
Northern Pakistan records fall in cement prices06 October 2017, Published under Cement NewsAccording to industry sources, cement producers in the north region of Pakistan have increased the discount on cement prices effective 2 October 2017 by PKR10-15/bag to PKR480-495/bag (US$4.55-4.69). As a result, cement prices in the North are down 11-12 per cent from the high of PKR540-560/bag seen in Jul-August 2017. However, prices in the southern region remain unchanged. Current price range of PKR570-605/bag reflects a premium of approximately PKR100/bag compared with the North (PKR4... |
The Philippines' DTI seeks equal treatment on all imported cement04 October 2017, Published under Cement NewsThe Philippines' Department of Trade and Industry (DTI) wants to impose "equal treatment" to all imported cement, regardless if the product is brought in by a pure trader or by a manufacturer. "We're not going to give a distinction. Every [product] will undergo product testing, but we’ll see if we're going to do pre-shipment or post-shipment or both. We have to balance it in a way that there's product compliance for the benefit of consumer," Trade Secretary Ramon M Lopez said in an intervie... |