Cement News tagged: Trading

Philippines announces new duty on imported cement

05 September 2019, Published under Cement News

The Philippines’ Department of Trade and Industry (DTI) will impose a general safeguard duty on imported cement for a three-year period to protect domestic product. The measure will take effect 15 days after the announcement made on Tuesday. "We are deciding on the imposition of definitive safeguard duty of PHP250/t (US$4.8/t) or PHP10/40kg bag for the first year of the implementation to en...

Pakistan's cement dispatches fall in July 2019

02 September 2019, Published under Cement News

Pakistan's cement industry dispatches in July, the first month of the FY19-20, fell to 3.5Mt from 3.6Mt in July 2018. This translates to a decline of 2.8 per cent, primarily due to a slowdown in domestic demand as the economy contracts rapidly owing to policies targeting runaway budget deficit and the current account gap, says local media. The industry's capacity utilisation also reportedly...

Clinker vessel salvage delay

30 August 2019, Published under Cement News

A vessel carrying clinker which capsized in the Meghan River at Birbir, Bangaldesh on Tuesday could not be immediately salvaged. The MV Tanvir Tousib-2 was anchored at Birbir on the high-tide but was struck by another vessel, the Bashundhara Food-1. The MV Tanvir Tousib-2 was carrying clinker to Dhaka. The cost of the loss could be as much as BDT200m (US$2.36m) according to Khairul Alam, mast...

Bangladesh revises export target for cement in FY20

27 August 2019, Published under Cement News

The Bangladesh Export Promotion Bureau (EPB) has set an export target for cement industry at US$10.50m for financial year 2019-20 (July 2019-June 2020) compared to US$14m, earmarked for the previous fiscal year. This target has been revised downward by 25 per cent, due to growing demand in the country as well as competition. The number of big construction projects and GDP of Bangladesh are con...

Pakistan cement production drops in FY19

Pakistan cement production drops in FY19

29 August 2019, Published under Cement News

The overall output of large-scale manufacturing industries (LSMIs) decreased by 3.6 per cent for July 2018-June 2019 compared to the year-ago period, according to the Pakistan Federal Bureau of Statistics. The drop in output has also impacted cement production during this period.  Pakistan's cement industry has recorded a three per cent YoY fall in production during the FY18-19 from 41....

AGMK contracted to supply cement to Afghanistan

16 August 2019, Published under Cement News

Uzbekistan’s Almalyk Mining and Metallurgical Combine (AGMK) plans to ship several batches of cement to Afghanistan by the end of the year, after signing a number of supply contracts in July. The cement will reportedly be used for the construction of infrastructure and social facilities in the country, according to the company. The deliveries will be made from its Jizzakh and Sherabad plants. ...

Saudi Arabia to reimpose cement export fees

Saudi Arabia to reimpose cement export fees

29 July 2019, Published under Cement News

After two-years of freezing cement and steel export fees, Saudi Arabia will begin levying fees on cement leaving the country in a bid to prop up falling oil revenues. The ban on cement exports from Saudi Arabia was lifted in mid-2017 when domestic demand slumped and cement stocks rose. Fees on cement exports were cut by 50 per cent over the last two years. However, Trade and Industry Minis...

Foreign cement vessel yet to be salvaged in Sri Lanka

29 July 2019, Published under Cement News

The general cargo vessel Sri Lanka Glory, which brought cement clinker to Sri Lanka and later ran aground at Rumassala, Galle, southern Sri Lanka, due to inclement weather last week, is yet to be salvaged. The vessel met adverse weather after offloading clinker for a local cement plant and anchoring at the outer harbour. The Indian owner of the vessel is likely to send a group of marine expe...

Pakistan's cement exports rise but fall MoM in FY19

23 July 2019, Published under Cement News

Pakistan's cement industry recorded a growth of 21.9 per cent in earning of foreign exchange revenue, 40.4 per cent in terms of quantity and 49.7 per cent in terms of Pakistani rupee earnings from cement exports in the FY18-19, according to Pakistan's Bureau of Statistics (PBS). The government official data says that export revenue for the first 12 months of the current July 2018-June 2019 s...

Bangladesh earns US$10.41m on export of cement in FY19

23 July 2019, Published under Cement News

Bangladesh's cement industry has recorded a fall of 17.3 per cent in export revenue to US$10.41m between July 2018 and June 2019, compared to US$12.59m of the corresponding period of the previous fiscal, according to the Bangladesh Export Promotion Bureau. The export figure also includes a minor amount of salt, stone and related products. The export value fell 25.6 per cent below the US$14m ...

Algeria exports US$30m of cement in 5M19

25 July 2019, Published under Cement News

Algeria has exported cement to the value of US$29.96m in the first five months of 2019, an increase of 849.6 per cent YOY, according to the Directorate of Studies and Customs Prospectives, reflect the drive by the sector as well as the ambition of the country’s government to increase its cement exports to US$500m over the next five years. The country aims to export 2Mt of cement and clinker ...

Ukraine extends ban on Russian imports

17 July 2019, Published under Cement News

The Ukrainian Cabinet of Ministers has amended the decree on the ban of imports of Russian goods into the country, extending its operation until 31 December 2020, according to UkrInform The import of Portland, aluminous, slag and other similar hydraulic cements and clinkers is prohibited. On 15 May, Ukraine imposed an embargo on Russian cement and plywood in response to the decision of the...

Pakistan's State Bank releases 3QFY19 cement report

16 July 2019, Published under Cement News

The State Bank of Pakistan's third quarterly report on the state of the country's economy shows the pace of economic growth slowed down considerably during FY19. This was mainly in response to the policy measures taken to curb the twin deficits. These measures affected the performance of the industrial sector and dampened manufacturing activities in the country. According to the report, ceme...

Southern Cross Cement plans new terminal in Brisbane

15 July 2019, Published under Cement News

Australia’s Southern Cross Cement, a joint venture between Brickworks, Neilsen Group and Neumann Group, has announced an AUD60m (US$42.19m) investment for a new cement terminal at the Port of Brisbane. The 200,000tpa terminal will receive imports from southeast Asia and have enough capacity to serve 10 per cent of the market in southeast Queensland.  Jonathan Riemann, general manager of Sou...

Vietnam producers target higher cement exports

10 July 2019, Published under Cement News

Vietnam's cement industry is targeting exports of 25Mt in 2019, while domestic production is likely to top 70Mt, according to Vietnam Cement Association (VNCA) Chairman, Nguyen Quang Cung. Vietnam's cement sector has been expanding with much of the new capacity in the central part of the country as Tháhn Thang Group Cement JSC, Vissai Group, ThaiGroup Corp (formerly Xuân Thanh Group) and Lo...

Turkish cement producers see exports surge 46% in 1H19

08 July 2019, Published under Cement News

Cement exports from Turkey in the first half of 2019 have increased by 46 per cent YoY to US$444m, according to the Turkish Cement Manufacturers’ Association (TÇMB). TÇMB Chairman, Nihat Özdemir, said that the sector continues to contribute to Turkey's economy by producing approximately 71Mt of clinker and 75Mt of cement annually in 2018. "In the first six months of the year, cement exports i...