The surge in shipping freight rates has hindered the exports of cement and clinker from the country. Cement producers would have exported much more but for the rise in freight rates. About 6.9Mt of cement and clinker was exported from India in the financial year 2002-03 and domestic cement makers were looking at a considerable rise in exports in this year. A cement industry analyst said, "In the last six months export realisations in dollar terms have gone up by about 2 0 per cent. This should have definitely made cement and clinker exports more attractive for local producers. However, an acute jump in shipping freight rates has curbed the expected rise to some extent." Industry sources said the rise in cement exports has also been affected due to unavailability of vessels in some cases.
CIMKO to invest US$300m to double DRC cement capacity by 2027
Cimenterie Kongo (CIMKO) has announced plans to invest more than US$300m to double its cement ...