Cement News: Trading

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 TZS56.2bn despite depreciation of the shilling, which had an impact on both...

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)...

Pakistan: Dewan denies sale of 50% stake 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...

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

11 May 2016

Iran: cement exports down 20%

Iranian 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, ...

11 May 2016

Dem Rep Congo: import tax under consideration

Following 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 cem...

29 April 2016

Moldova applies quota on cement imports from Ukraine

The 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...

20 April 2016

Malawi government open to legal cement imports

Malawi'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 pro...

21 April 2016

Ghana to limit cement imports

The 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 indus...

05 July 2016

Cement exports on the rise

As 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 it...

14 April 2016

Cement price dispute rages in Pakistan

The 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 a...

05 April 2016

Indian cement prices rise 1% in March

Indian cement prices rose MoM in March to INR290-295 (US$4.37-4.44)/bag as demand led by construction activity in north and central India improved slightly, acording to Cogencis Information Services. Prices in north ...

04 April 2016

Pakistan: cement exports fall YoY but are up MoM

Pakistan’s cement industry recorded a noticeable fall in exports during the first eight months of the FY15-16 on the back of falling demand, competition and other issues.   The data released by the Pakistan Bureau of...