Cement News tagged under: trading
Kenya: clinker tops Mombasa port imports09 August 2016, Published under Cement NewsAccording to a recent report from Kenya Ports Authority (KPA), Mombasa port has recorded an increase in the number of imported construction materials. KPA’s report suggests a strengthening of the local construction sector as import figures of the construction materials are increasing each week. The report read, “The sector imported 59,866 metric tonnes of steel and 53,562 tonnes of cement clinker.” It went on to deduce that steel and clinker were the leading imports for the conventional c... |
Rep of Congo: mechanism sought to halt illegal imports05 August 2016, Published under Cement NewsRepresentatives from the domestic cement industry met with Minister of State, Minister of Economy, Gilbert Ondongo, this week to seek assistance from the Congolese government against illegal cement imports that are then sold at non-competitive prices. The country's current cement production is carried out by Société Nouvelle des Ciments du Congo (SONOCC), Forspak and CIMAF. Two new companies are also being established, including Diamond Cement in Mindouli (Pool) and Dangote Cement, Mfil... |
Pakistan cement exports down 27.6% in FY15-1629 July 2016, Published under Cement NewsPakistan's cement industry exported 5.97Mt of cement in FY15-16, which represents a fall of 22.3 per cent YoY, according to the Pakistan Bureau of Statistics. The bureau attributes the decline to contracting demand and competition among other issues. In terms of value, exports during July 2015-June 2016 saw a 27.6 per cent YoY decrease from US$443.63m to US$321.29m. The average price of cement also fell to US$53.75/t from US$57.64/tt during this period. In June 2016, 394,905t of ce... |
Turkmenistan: new building material import facility planned06 July 2016, Published under Cement NewsThe Turkmen Industry Ministry is planning an enterprise for the import of high-demand building materials. The project is expected to be implemented jointly with the country's Milli Onum Company, according to Azernews. The new enterprise is expected to produce about 100,000t of gypsum, 250,000t of dry building mixes as well as 12Mm 2 of gypsum plasterboard annually on the basis of domestic raw materials. Turkmen President Gurbanguly Berdimuhamedov, underlined the importance of expa... |
Saman Cement's MD angered by Iraq's high import duties23 June 2016, Published under Cement NewsThe managing director of Saman Cement Co, in Kermanshah, West Iran, has said that Iraq's high import duties on cement has put the Iranian cement industry in crisis, reports the Tasnim News Agency. Shahryar Geravandi, the managing director of Saman Cement Co said: "The new policy of the Iraqi government to increase import cement duties has put [Iranian] cement factories in danger, and domestic cement factories are now facing surplus product." Geravandi added that importing to new markets ... |
Rwanda: Cimerwa calls for protection from illegal exports22 June 2016, Published under Cement NewsCimerwa, Rwanda's sole cement producer, has asked the government for protection, saying local dealers are exporting its cement illegally, affecting its key markets in the Democratic Republic of Congo and Burundi. All Africa reported that Busisiwe Legodi, the Cimerwa CEO, said the problem is made worse by the fact that some of the local dealers buy cement at subsidised prices for the Rwandan market, but sell it on in small quantities to the DR Congo and Burundi, making it hard for the cement... |
Nigeria: agreement reached on Bol managed import levy funds22 June 2016, Published under Cement NewsThe Bank of Industry (BoI) in Nigeria said allegations over the misapplication of the cement funds which had prompted investigations by the Economic and Financial Crimes Commission (EFCC) had now been resolved. BoI was appointed in 2009 to manage the fund that accrued from levies on imported cement for the development of Nigeria’s cement industry. Bol further explained that new terms had been reached on how to manage the funds which had grown from N9bn (US$31.9m) in 2011 to N13.2bn (US$46... |
Pakistan: exports down by 17.41% in 11 months21 June 2016, Published under Cement NewsPakistani cement exports have fallen by 17.41 per cent to 5.48Mt during the first 11 months of the fiscal year, compared to exports of 6.65Mt during the same period in the previous year. A spokesperson from All Pakistan Cement Manufacturers Association (APCMA) has said that an increase in federal excise duty (FED) on cement has negatively effected the market. The proposed change in FED will increase illegal trade in the form of smuggling cement into the country. FED has been increased fro... |
Vietnam: export volumes fall for first five months21 June 2016, Published under Cement NewsVietnam earned US$260.64m from exporting 7.12Mt of cement and clinker in the first five months of this year, down 0.7 per cent on-year in value and 15.7 per cent in volume. Bangladesh, Philippines and Taiwan were the major importers of Vietnamese clinker and cement in the first five months of this year, the Vietnamese Ministry of Industry and Trade said. Bangladesh took the lead after importing 2.52Mt of cement and clinker worth US$74.89m from Vietnam in the period. The Philippine... |
Iran Mercatile exchange resumes cement export trade20 June 2016, Published under Cement NewsCement offerings for export have resumed at Iran Mercantile Exchange, the IME chief said. Isfahan Cement Company initiated the offering with 2000t of cement on Saturday, 1000t of which were traded on cash payment. “We intend to expand our export markets for cement and unify prices by exporting the commodity through IME,” Hamed Soltaninejad was also quoted as saying by IRNA. Government-enforced pricings and the subsequent lack of competition caused cement manufacturers to become disillus... |