Cement News tagged under: export ban
Saudi Arabia: export ban lifted11 July 2016, Published under Cement NewsThe Saudi Arabian government has decided to lift the export ban on cement, which was imposed in 2008 to push down prices and accommodate the demand generated by government-funded infrastructure projects. Once the ban has been lifted potential export destinations will include Qatar, Yemen, Jordan, Bahrain, Egypt, Iraq, east Africa and the UAE. This decision to remove the export ban may help Qatar, a country with major construction projects planned in the run up to Fifa 2022, meet its growi... |
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... |
Saudi Arabia lifts ban on cement exports as construction sector slows13 April 2016, Published under Cement NewsA senior official in Saudi Arabia has said that the kingdom's ban on cement exports has been lifted. According to reports from Reuters, the ban - imposed in 2008 and renewed in 2012 - has been overturned because of a slowdown in the construction sector, which has led to an oversupply of cement. Dr Ahmed Zugail, director general of Yanbu Cement Company and deputy head of the National Committee for Cement Companies, told the Al Riyadh newspaper that he welcomed the news, given that Saudi... |
Dominican Republic: Haiti export ban expected to cost Cemento Andino DOP2m07 October 2015, Published under Cement NewsThe ban on exports to Haiti will cost Cementos Andino DOP2m, according to Cementos Andino President, Nelson Bello. The road transport sector is expected to be significantly affected as 300-400 trips/month are made to supply Haiti with the required product. An alternative is to increase shipments to Port au Prince the Port of Cabo Rojo, in which the company has invested more than US$18m in improvements, port security and efficiency. However, Mr Bello warned this will increase shipping co... |
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