Cement News tagged: Trading

Pakistan cement companies expect mixed results for 6MFY19

14 January 2019, Published under Cement News

Pakistan cement companies are scheduled to announce their financial results for the second quarter and six months of FY18-19 in coming months. Top cement companies are expected to post a growth of over two per cent QoQ, or 37 per cent YoY decline for 1HFY19. According to a research report of IGI Finex Securities Ltd, based on provisional numbers, volumetric sales depict a modest four per cen...

Iran produces 41Mt of cement in last 9M of 2018

14 January 2019, Published under Cement News

Iran produced 41Mt of cement during the nine months to 21 December 2018, of which 4.8Mt were exported, reports the Iran Cement Association. According to Iran Cement Association Secretary, Abdolreza Sheikhan, domestically-produced cement is currently priced at US$25-30/t in export markets, which indicates that export earnings amounted to US$120-144m for the reported period. "Cement productio...

Tajikistan exports US$65.4m of cement in 2018

14 January 2019, Published under Cement News

Tajikistan exported 1.14Mt of cement in 2018, representing a value of US$65.4m. In 2017 exports stood at 970,100t and had a value of US$49.5m.The country exports cement to Uzbekistan, Afghanistan and Kyrgyzstan. Meanwhile, preliminary work began on the construction of a cement plant in Kubodiyon district, Khatlon – set to become the largest in the country, according to Azer News.

INC awards US$7m petcoke contract

09 January 2019, Published under Cement News

Paraguay's Industria Nacional de Cemento (INC) has awarded the Sanfil GT consortium, represented by Christian Harrison Paleari, the contract for the supply of 24,000t of petcoke at a price of US$299/t. Delivery of the US$7m contract will be in two shipments of 12,000t each with the first shipment due for delivery by 5 February and the second by 15 March. The contract covers four months of pe...

China accounts for 15% of Central American cement imports

China accounts for 15% of Central American cement imports

09 January 2019, Published under Cement News

In the first half of 2018, Central America’s largest importing country was Nicaragua, which purchased cement from overseas sources to the value of US$28m, followed by Guatemala at US$18m. Smaller volumes were imported by El Salvador (US$12m), Honduras (US$7m), Panama (US$6m) and Costa Rica (US$5m), according to CentralAmericaData. YoY the volume of cement imports in the region advanced by tw...

APCMA cement dispatch data for 6MFY18/19

07 January 2019, Published under Cement News

All Pakistan Cement Manufacturers Association (APCMA) has released dispatches data for 6MFY18-19, which shows mixed sales. Local dispatches contracted and export swelled during July-Dec 2018. Domestic cement dispatches declined in the first six months of FY18-19 by 1.4 per cent as compared to same period last year, which is the first drop in the last nine years. However, a surge in exports ...

Bolivia to prohibit poor-quality cement imports

Bolivia to prohibit poor-quality cement imports

03 January 2019, Published under Cement News

The Bolivian government will verify the quality of imported cement as of the start of this year and if found to be insufficient, the consignment will not be allowed to enter the country, according to Eugenio Rojas, the country’s minister of Productive Development. “We now work to prohibit the import of poor-quality cement. The quality is shown by the drying of the product in less than 30 day...

Cement exports sliding for the last five years to Afghanistan

02 January 2019, Published under Cement News

Export of cement from Pakistan to Afghanistan through land routes has started dwindling from the fiscal year 2010-11. During that period it was hovering at 4.715Mt and made Afghanistan a leading importer of Pakistan cement. According to the All Pakistan Cement Manufacturers Association(APCMA), since then, exports have started sliding and reached to 2.439Mt in 2015-16, 1.716Mt in 2016-17 and ...

Jidong renews coal contract with Mechel

20 December 2018, Published under Cement News

Jidong Cement has renewed its coal contract with Mechel, according to the Russian metals and mining company. Mechel will supply Jidong Cement with up to 2Mt of thermal coal mined at the company’s South Yakutia facilities, Elgaugol and Yakutugol Holding Co. Monthly supplies will range between 100,000-150,000t of coal products and prices will be adjusted on a monthly basis following negotiatio...

Rock Hard Cement loses import tariff judgement

19 December 2018, Published under Cement News

The Caribbean Court of Justice (CCJ) has ruled in favour of Trinidad Cement Ltd (TCL) and Arawak Cement Ltd over their dispute with importer Rock Hard Cement to have the tariff remain at 60 per cent for imported hydraulic cement to Barbados, rather than being lowered to five per cent. The court is still to determine the classification guidelines for hydraulic cement that Rock Cement imports f...

CILAS ships first clinker exports to west Africa

19 December 2018, Published under Cement News

Ciment Lafarge Souakri (CILAS) carried out it first export operation of 35,000t of clinker from Algeria’s Annaba port to west Africa. The shipment is part of LafargeHolcim Algeria’s drive to export more than 2Mt of product in 2020. "This new transaction underscores the LafargeHolcim Group's unwavering commitment to diversify the country's non-hydrocarbon revenue," said LafargeHolcim Algeria....

CeMAP supports DTI safeguards against rising imports

17 December 2018, Published under Cement News

The Department of Trade and Industry (DTI) has received industry backing to establish safeguards to protect local producers against the rising levels of cement imports in the Philippines. The Cement Manufacturers' Association of the Philippines (CeMAP) supports the safeguards, reporting that cement imports reached 3.4Mt in the first 3Q18. State-owned and subsidised Vietnamese cement producers...

Southern Province Cement to sell 20,000t of cement to Yemen

05 December 2018, Published under Cement News

Southern Province Cement has signed an agreement to export 20,000t of Portland cement to Yemen. The contract expects to deliver the volume over a three-month period, starting from the date of the first shipment, according to Reuters.

Iran exports 7.65Mt of cement and clinker

03 December 2018, Published under Cement News

Iran exported more than 7.65Mt of cement and clinker during the first seven months of the current Iranian year (21 March –22 October 2018). Exports amounted to a 10.2 per cent increase compared with the same period of last year. Abdolreza Sheikhan, the secretary of Iran's Cement Association said cement accounted for 3.8Mt of the exports. More than 50 per cent of the clinker and cement exports...

PPC indicates price rises ahead for South Africa's cement market

27 November 2018, Published under Cement News

PPC has seen group revenues grow by eight per cent to US$40m on the back of higher volumes and PPC's CEO, Johan Claassen, is not ruling out future price rises in South Africa. Mr Claassen said price hikes were necessary despite PPC's estimates that capacity would outstrip demand in South Africa by as much as 36 per cent in 2018. "Our synopsis is that the industry really needs it, and somebod...

Four months export revenue growth

23 November 2018, Published under Cement News

Pakistan's cement industry earned foreign exchange revenue of US$26.74m by exporting 616,648t of cement during October 2018, compared to US$29.05m on 671,913t of cement in previous month. This represents a fall of 7.9 per cent and 8.23 per cent in value and quantity, respectively on MoM, according to the Federal Bureau of Statistics. If compared to October 2017, earnings of US$23.3m on 472...