Cement News tagged under: trading
Iraq ban challenges Iran cement industry19 May 2016, Published under Cement NewsThe Iraqi government has passed a bill banning the imports of Iranian cement to protect its domestic cement industry. Mohammad-Reza Lotfi, the deputy head of the Association of Cement Industry Entrepreneurs, said that Iran's cement exports to Iraq amounted to some 7Mt or around 60 per cent of Iranian exports last year. Mr Lotfi said that the only solution is to look for new markets, such as Azerbaijan, Pakistan and Afghanistan. |
Saudi Arabia: lifting of export ban to provide little cheer for cement producers?18 May 2016, Published under Cement NewsThe much-anticipated lifting of Saudi Arabia's ban on cement exports, first implemented in 2008 and extended in 2012, is expected to provide little relief for the country's cement producers, according to emerging market investment bank Arqaam Capital. Mohammed Kamal, executive director of equity research at Arqaam Capital said that export volumes would likely be capped at 20 per cent of output and potentially subjected to an export tax. The net effect should be margins erosion, which part... |
Iran: cement exports down 20%11 May 2016, Published under Cement NewsIranian cement and clinker exports have fallen by 20 per cent over the past Iranian year (1394), an official said on Tuesday. The secretary of the Association of Cement Industry Entrepreneurs, Abdolreza Sheikhan, said that Iran's exports of cement and clinker shrank to nearly 15Mt from 18.5Mt a year ago. Sheikhan stated security concerns in regional countries as a key reason cements and clinker export fell over the past year. He said that in 1394, some 60 per cent of Iranian exports o... |
Dem Rep Congo: import tax under consideration11 May 2016, Published under Cement NewsFollowing the announcement of Cimenterie de Lukala (Cilu) earlier this week that it plans to close due to “unfair competition”, the governor of Kongo-Central, Jacques Mbadu Nsitu, is considering a new tax on grey cement imports. He ordered his government to draw up the required legislation which is expected to protect locally-produced cement. At present, the price of a bag of cement in Matadi is between US$7-7.50 for Cilu product while in the border town of Lufu, imported cement trades be... |
Moldova applies quota on cement imports from Ukraine29 April 2016, Published under Cement NewsThe government of Moldova has introduced protective quotas and duties on several commodities including cement produced in Ukraine. The resolution of the Moldovan government said products will be limited with quotas, while goods imported in excess of the restrictions will have protective duties applied. The quota for cement is 500t and if volumes imported from Ukraine exceed this level custom duties will be applied at 10 per cent. The quotas will be granted on a "first come - first serv... |
Malawi government open to legal cement imports20 April 2016, Published under Cement NewsMalawi's government is issuing licences for the importation of cement. The legally imported cement is said to be bringing competition and stabilising the prices of cement in the country that has been welcomed by property investors, reported All Africa. Ministry of Industry and Trade spokesperson, Wiskes Mkombezi said government issues the cement importation licences in order to protect the consumers from exploitation of exorbitant prices on the monopolising local industry. He said the li... |
Ghana to limit cement imports18 April 2016, Published under Cement NewsThe Ministry of Trade and Industry in Ghana has moved to ban imports of cement into the country. The Association of Ghana Industries (AGI) has backed the initiative, arguing that the ban will protect the local industry which already has an excess of capacity. In March, this year the Ministry of Trade and Industry proposed imposing a ceiling on the annual importation of cement into Ghana through a legislative instrument. The sector minister Ekwow Spio-Garbrah, who announced the decision to... |
Ghana to limit cement imports18 April 2016, Published under Cement NewsThe Ministry of Trade and Industry in Ghana has moved to ban imports of cement into the country. The Association of Ghana Industries (AGI) has backed the initiative, arguing that the ban will protect the local industry which already has an excess of capacity. In March, this year the Ministry of Trade and Industry proposed imposing a ceiling on the annual importation of cement into Ghana through a legislative instrument. The sector minister Ekwow Spio-Garbrah, who announced the decision to... |
Cement exports on the rise15 April 2016, Published under Cement NewsAs global cement capacity continues to rise against a limited demand increase, there is a swell of cement producers chasing ever-smaller export markets across the globe. News this week that Saudi Arabia has lifted its ban on exports will increase pressure on prices in the Middle East region. The Saudi Arabian export ban had been in place since 2012 when it was renewed from an earlier 2008 period of export control. While lifting of the ban provides a good opportunity for Saudi producers to ... |
Cement price dispute rages in Pakistan14 April 2016, Published under Cement NewsThe Pakistan cement industry and the Association of Builders and Developers of Pakistan (ABAD) are loggerheads with each other on the price of cement price. Both players are advocating their point of views and are appealing to the government to safeguard their industries, and the current and future investment in their respective sectors. While defending, Chairman of All Pakistan Cement Manufacturers Association (APCMA), Mohammad Ali Tabba, said in a statement that the cost of doing bu... |