Trading

23 June 2016

Saman Cement's MD angered by Iraq's high import duties

The 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 t...

23 June 2016

Rwanda: Cimerwa calls for protection from illegal exports

Cimerwa, 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. Al...

22 June 2016

Nigeria: agreement reached on Bol managed import levy funds

The 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 ...

21 June 2016

Pakistan: exports down by 17.41% in 11 months

Pakistani 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 Pa...

23 June 2016

Vietnam: export volumes fall for first five months

Vietnam 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 ...

20 June 2016

Iran Mercatile exchange resumes cement export trade

Cement 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.
 ...

09 June 2016

Paraguay: INC faces increased Brazilian imports

Brazil’s current imports of around 400,000 bags of cement is damaging the Paraguayan cement industry, according to Jorge Méndez, CEO of Industria Nacional de Cemento (INC). This represents over a third of monthly cem...

02 June 2016

Pakistan cement exports 5Mt in FY15-16

During first 10 months of the current FY15-16, the Pakistan cement industry exported 5.05Mt of cement and earned export revenue of US$274.34m compared to 6.64Mt at US$382.39m in July 2014-April 2015. This translates...

30 May 2016

Holcim Indonesia to expand exports as domestic competition tightens

LafargeHolcim subsidiary, PT Holcim Indonesia, plans to boost exports to Australia, Sri Lanka and Bangladesh this year amid unstable domestic demand, reports The Jakarta Post. After the acquisition of Lafarge Cement...

27 May 2016

Tanzania: Twiga dividends increase 15%

Twiga Cement announced at its Annual General Meeting held in Dar es Salaam yesterday that the dividend had risen from TZS267 (US$0.12) in 2014 to TZS306 in 2015. This increase is a result of profits going up to TZS56...

25 May 2016

Philippines: Mariveles dry bulk terminal

Sesia Nectar Port Services Inc announced the start of commercial operations at its Mariveles Dry Bulk Terminal in the Freeport Area of Bataan (FAB), Philippines. The company began developing the port in 2015. Ramon...

26 May 2016

South Africa: PPC shares drop

PPC Ltd shares plunged after it said talks with a credit ratings agency will probably lead to a downgrade. The company is preparing a capital raising of ZAR4bn (US$254m) to be used to reduce debt and fund expansion p...

24 May 2016

Bangladesh remains Vietnam's strongest export market

From January to April, Vietnam exported 5.99Mt of cement and clinker to Bangladesh, which remains Vietnam's largest export market with US$64.46m. The Philippines (US$58.47m), Taiwan (US$10.67m), Mozambique (US$9.9m)...

23 May 2016

Pakistan: Dewan denies sale of 50% stake

It has been rumoured that 50 per cent of Dewan Cement Ltd (DCL) shares are being sold to undisclosed strategic buyers. As a result the company’s share value and volume experienced heavy activity in the past weeks on ...

20 May 2016

Iraq ban challenges Iran cement industry

The 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 t...

20 May 2016

Saudi Arabia: lifting of export ban to provide little cheer for cement producers?

The 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 mar...