Cement News tagged under: trading
Iranian full-year cement production rises 5.7%15 April 2013, Published under Cement NewsDuring the Iranian year ending 20 March 2013, the country produced 70.26Mt, which represented growth of 5.7 per cent compared to the same period of the previous year (66.44Mt). Clinker production, meanwhile, rose 4.54 per cent YoY to 70.44Mt from 67.38Mt in the same period of last year. During the year just ended, Abyek Cement Company was the biggest Iran’s cement player, with producing 3,192,454t of cement and 2,941,334t of clinker. Iran exported 1.364Mt of cement and clinker last... |
Association warns of industry losses through exports, Vietnam12 April 2013, Published under Cement NewsDespite the Vietnamese government calling for the domestic industry to increase exports, the chairman of the Vietnam Building Association has called for local producers to cooperate in a fair pricing environment to prevent further losses. Last year producers were reported to have incurred a loss of US$80m as volumes were sold at below floor prices to undercut each other, said Mr Huynh, chairman of the association. According to him, local firms sold their products at US$40-45/t, incurring ... |
Pakistan cement dispatches rise on increased exports08 April 2013, Published under Cement NewsPakistan reported a rise in dispatches last month led by gains in export volumes but domestic sales were subdued. Latest data from the All Pakistan Cement Manufacturers’ Association show cement dispatches reached 3.326Mt last month, of which 2.558Mt was consumed by the domestic market and 0.786Mt exported. Exports during March rose by 22.9 per cent YoY, and were up 15 per cent MoM compared to February 2013. However, the healthy gain in exports was accompanied by only marginal growth in... |
Thatta Cement to construct grinding plant in Sri Lanka05 April 2013, Published under Cement NewsPakistan-based Thatta Cement Company Limited (TCCL) has signed an agreement with Sri Lanka Ports Authority (SLPA) for the construction of a grinding plant as well as a storage and bagging facility. The SLPA had signed a preliminary agreement with Thatta Cement back in January 2012 and now a formal agreement with the Sri Lankan government has been signed for the implementation of the project. The grinding plant will initially produce 100,000tpa which is expected to be increased in the f... |
Nigeria considers new tariff on imports to protect local producers19 March 2013, Published under Cement NewsThe Nigerian government is considering imposing a new tariff on imported bulk cement following an influx of volumes which are said to have caused a glut in the market. The current duty on imported bulk cement is 10 per cent, but no levy is imposed on the commodity. Dr Olusegun Aganga, Minister of Trade and Investment, said during a meeting with select ministers on Nigerian business competitiveness organized by the Nigerian Economic Summit Group. According to reports by local press, D... |
Vicem cement sales rise 30% in Jan-Feb15 March 2013, Published under Cement NewsVietnam Cement Industry Corp (Vicem) has reported a rise in overall cement and clinker sales for the first two months of the year but export volumes declined. The country’s largest cement group sold 2.88Mt of cement and clinker in the first two months of the year, up by 30 per cent from a year earlier. Some 2.85Mt of cement and clinker was sold on the domestic market, a 44.5 per cent YoY rise, while 24,000t of cement was exported which was a decline of 36.8 per cent on the previous yea... |
Lafarge executive visits Pakistan operations13 March 2013, Published under Cement NewsLafarge's executive vice president of Energy and Strategic Sourcing, Peter James Hoddinott, has visited the group's operations in Pakistan to review its latest sustainability achievements and explore export potential. During the visit, which took place over 6-8 March 2013, Mr Hoddinott toured the Lafarge Pakistan Cement (LPC) plant which is located at Kalar Kahar, district of Chakwal, Punjab province. He commended Lafarge’s local team on upholding the group’s guiding principle of sustainab... |
Pakistan exports volumes fall, rise in value terms28 February 2013, Published under Cement NewsPakistan exports during the first seven months of the current fiscal year (FY12-13) fell 0.52 per cent to 5.076Mt, according to data released by Pakistan’s Federal Bureau of Statistics. In terms of value, however, exports rose by 24.67 per cent to US$273.33m. The average export price of cement increased by 25.31 per cent to US$67.12/t in the seven months from US$53.56/t of 7MFY 2011-12 In January 2012 alone, Pakistan exported 488,884t of cement and earned US$36.25m compared to 90... |
India: cement industry worried over move on freight tariff27 February 2013, Published under Cement NewsThe Indian cement sector has expressed concern about the Railway Ministry’s proposal to pass on the rising costs of fuel on to the freight tariff. Apart from the potential to drive up freight costs, industry representatives were worried about the “uncertainty” this would introduce into the freight cost. N Srinivasan, vice-chairman and managing director of India Cements, said the move “leaves the industry in suspense” on the “frequency and basis of hike.” It is as if the freight hike will be... |
Tanzanian government accepts cement imports27 February 2013, Published under Cement NewsTanzania's government has said that it could not put trade barriers on imported cement as requested by domestic cement companies, because local production is still insufficient. Tanzania's Minister for Industry, Trade and Marketing, Dr Abdallah Kigoda said despite the expected progress from cement industries, the government will still allow cement imports until local producers meet domestic demand. Kigoda admitted that although imported cement is sold at a lower price compared to locall... |