Cement News tagged under: exports
Power Cement Ltd made worthy exports in FY22-2317 October 2023, Published under Cement NewsIn the financial year ended 30 June 2023, Power Cement Ltd (PCL), witnessed a remarkable surge in net sales revenue, registering an increase of 65 per cent compared to FY21-22, according to the annual report . The local sales revenue appreciated by PKR5.65bn (US$20.53m) (39 per cent), coupled with an increase in exports by PKR5.79bn (185 per cent) compared to the corresponding period. PCL witnessed a 177 per cent growth in gross profit in FY22-23 compared to the previous year. The gross... |
Brazilian cement market contracts 2% in 9M2313 October 2023, Published under Cement NewsCement sales in Brazil declined by 4.6 per cent YoY to 5.222Mt in September 2023 from 5.476Mt, according to the Brazilian cement association, SNIC. High basic interest rates of 12.75 per cent continue to impact the amount of real state financing for construction, which had a reduction of 44 per cent in the period up to August 2023 when compared with the previous year. In addition, the recovery of population income continues to slow and there remains a high level of household debt, which reac... |
Argentina’s cement market contracts 8% in September12 October 2023, Published under Cement NewsCement consumption in Argentina fell by 7.8 per cent YoY to 1,118,042t in September 2023, according to the country’s cement association, AFCP. Argentina’s total demand was met by local producers and no imports were recorded. Domestic cement producers manufactured 1,122,500t of cement, down 7.8 per cent YoY in September 2023. Of this total, they exported 4458t, representing a 10.5 per cent decrease when compared with September 2022, when 4982t were exported. January-September 2023 In the... |
Bangladesh posts 101% cement export revenue growth in 3MFY2410 October 2023, Published under Cement NewsBangladesh has recorded 100.9 per cent YoY growth in cement export revenue to US$4.38m in the first three months (July-September 2023) of FY23-24 from US$2.18m earned in the same months of the previous year, according to the Bangladesh Export Promotion Bureau (EPB). This figure includes minor amounts of salt, stone and related products. A target of US$3.38m for three months was also surpassed by 29.6 per cent YoY. Bangladesh had set a higher target export revenue of US$15m for FY23-24 aga... |
Ukraine ready to lift import duty on Moldova10 October 2023, Published under Cement NewsUkraine is ready to end its anti-dumping duty on cement from Moldova by the end of 2023, according to the Ministry of Economic Development and Digitalisation of Moldova. The announcement comes after a meeting between the co-chairs of the Moldovan-Ukrainian Interdepartmental Commission on International Trade in Odessa. Along with the duty removal, the two countries also agreed to help remove other barriers to trade by simplifying border controls to optimise the flow of goods, review enviro... |
Italian cement production slips 1% in July05 October 2023, Published under Cement NewsItaly’s cement producers decreased their output by one per cent in July 2023 when compared with the previous year, according to the national construction chamber, Federbeton. When compared with the 2015 base index, the output value advanced from 98 in June to 101 in July. In the first seven months of 2023 production fell by four per cent YoY. However, cement prices increased nine per cent YoY in July 2023, representing a deceleration in price rises from 13 per cent in June 2023. Compared ... |
Pakistan to expect a mixed trend in dispatches in September29 September 2023, Published under Cement NewsThe cement dispatch trend in Pakistan will likely be mixed in September 2023 due to monsoon rain and transport issues, according to Topline Pakistan Research. However, the All Pakistan Cement Manufacturers Association (APCMA) has yet to release official data to support or contradict this scenario. A mixed trend of dispatches was recorded during the first two months of the current financial year. The research house believes that Pakistan's total cement sales in September 2023 are expect... |
Maple Leaf Cement Factory reveals export risks25 September 2023, Published under Cement NewsMaple Leaf Cement Factory Ltd (MLCFL), subsidiary of Kohinoor Textile Mills , said it has achieved the highest sales of PKR62bn (US$211.7m) and the highest ever operating profit of PKR12bn in FY22-23. Further, the company installed new Line 4 during the last financial year, having a capacity of 7000tpd in Iskanderabad, Mianwali district, Pakistan, according to the detailed annual report of the cement factory, released on 21 September. Sales and exports The sales volume of 4.73Mt depi... |
Vietnamese cement market contracts 11% in August21 September 2023, Published under Cement NewsCement sales in Vietnam declined 11 per cent YoY to 4,471,258t in August 2023 when compared with August 2022, according to the Vietnam National Cement Association (VNCA). Of this total, VICEM reported sales of 1,375,727t, down 12 per cent YoY, while other VNCA member companies saw sales fall by 16 per cent YoY to 995,531t. Non-VNCA member sales decreased by nine per cent YoY to 2,100,000t in August 2023. Exports Total exports in August 2023 declined 17 per cent YoY to 2,706,159t. Cement ... |
Cement demand in Spain falls 1% in 8M2320 September 2023, Published under Cement NewsCement consumption in Spain fell by 1.3 per cent in July and by 7.9 per cent in August 2023 when compared with year-ago volumes, according to the country’s cement association, Oficemen. In July demand declined to 1,208,697t and in August 1,058,267t of cement were sold. "Although the holiday months are usually moderate in consumption, this year other variables have been added: the post-electoral political uncertainty that affects both public works and private initiative, the negative data on... |