Cement News tagged: Trading

Pakistan cement industry facing challenges

28 February 2019, Published under Cement News

A number of Pakistan cement companies have shown poor financial performance in 1HFY19, due to a combination of factors, including dwindling local demands and the rising cost of production. According to local media, the government has not only slashed Public Sector Development Programme (PSDP) spending, but private sector commercial and housing construction spending has also cooled, leading to ...

Bangladesh reports fall in cement export for 7MFY19

25 February 2019, Published under Cement News

Bangladesh's cement industry recorded a fall of 15.27 per cent in export revenue to US$6.55m during the first seven months of FY18-19 (July-January, 2019) compared to US$7.73m, earned in the same months last year, according to the Bangladesh Export Promotion Bureau. The export figure also includes a minor amount of salt, stone and related products.   The seven months export is also short of ...

Cement import into USA draws US$506,250 OFAC penalty

27 February 2019, Published under Cement News

The US Treasury Department’s Office of Foreign Assets Control (OFAC) has reached a US$506,250 settlement with ZAG International, based in Newtown (CT), for illegally sourcing clinker from Iran. Between 11 July 2014-15 January 2015, ZAG International purchased 263,563t of Iranian-origin clinker via a supplier in the UAE, which was then resold by the company to a customer in Tanzania. ZAG’s ac...

Armenia to increase cement import levy

14 March 2019, Published under Cement News

Armenia’s government is taking measures to protect domestic cement producers from competition by cement producers in neighbouring countries. The state policy of subsidising the cost of gas and electricity in Armenia’s neighbours has led to a rise in more competitively-priced imports into Armenia. As result, output volumes at Armenia’s cement plants, Ararat and Hrazdan, have significantly dec...

India raises cement import duties to stop Pakistan shipments

India raises cement import duties to stop Pakistan shipments

20 February 2019, Published under Cement News

Pakistani exports of cement to India have been suspended, due to growing tension between Islamabad and Delhi over a recent terrorist attack in Pulwama, in Jammu and Kashmir, India. India has de-listed Pakistan from the status of 'Most-Favoured Nation' and increased import duty by 200 per cent on all imports from Pakistan, including cement and reportedly suspension of trade from border for t...

Exports from Pakistan during 7MFY19 improve

19 February 2019, Published under Cement News

The Pakistan cement industry is facing a domestic drop in cement demand, but export data for 7MFY19 show overseas sales have been strong. Experts believe that with domestic demand experiencing a dip, cement manufacturers have been selling off their surplus inventory to regional markets perhaps with a cut to their margins.   Pakistan's cement industry received foreign exchange revenue of US$27...

Tunisian clinker exports surge in 2018

Tunisian clinker exports surge in 2018

18 February 2019, Published under Cement News

Clinker exports in Tunisia increased 382 per cent to 1.5Mt in 2018 when compared with 311,000t in 2017, according to data published by the country’s Ministry of Industry and Small- and Medium-Sized Enterprises. Cement exports edged up by 3.7 per cent YoY to 273,000t in 2018. In terms of clinker production, output rose by 6.7 per cent YOY to 7.353Mt from 6.89Mt in 2017. Cement production re...

Cement production falls on MoM and YoY basis during 6MFY19

18 February 2019, Published under Cement News

Pakistan Bureau of Statistics (PBS) has released numbers of quantum index of the Large Scale Manufacturing Industries (LSMI) for 6MFY18-19. The overall output of LSMI fell by 1.5 per cent for July-December 2018 compared to July-December 2017. Similarly, the LSMI output decreased by 10.2 per cent for December 2018 compared to December 2017 and increased by 2.5 per cent if compared to November 2...

Pakistan exports of cement to India expected to fall

18 February 2019, Published under Cement News

Pakistan cement exports to India are likely to be affected following the Indian government's announcement to scrap the 'Most-Favoured Nation' status to Pakistan, after an attack on Indian forces in Pulwama , Jammu and Kashmir, India, recently.   According to Al Habib Capital Markets, Pakistan's cement exports are expected to suffer most due to this unwanted tension between India and Pakistan...

FyM to invest EUR2.5m in Malaga export hub

15 February 2019, Published under Cement News

Financiera y Minera (FyM) will invest EUR2.5m in a 4900m 2 site in the Port of Malaga to be used as a clinker and cement export hub. It intends to use pier 7 to ship clinker. Conditions for a public tender were also approved to award the occupation and exploitation of two vertical silos on piers six and seven, destined for the reception, storage and distribution of liquid bulks.

Algeria exports first shipment to Niger

11 February 2019, Published under Cement News

Algeria’s first exports to Niger were carried out on 9 February by El-Hamel Sidi Moussa’s cement plant in Timegtène, 270km east of Adrar. The cement works shipped 2000t. Going forward, exports from Timegtène are planned at a rate of 8000tpm, using trucks of Logitrans. "The group's services have mobilised significant human and material resources, including 50 trucks, to regularly deliver th...

Experts list reasons for Pakistan's cement slowdown in 7MFY19

08 February 2019, Published under Cement News

The Pakistan cement industry recorded a negative growth on domestic dispatches during the month of January 2019. As per APCMA data, local cement sales for the month came in at 3.1Mt, down a sharp 18 per cent YoY. According to Intermarket Securities, the slowdown in local cement dispatches has been in place since elections and appears to be gathering pace. This could be attributable to lower...

APCMA releases dispatch data for January and 7MFY19

07 February 2019, Published under Cement News

The Pakistan cement sector posted a double-digit decline of 10.7 per cent in the month of January compared with corresponding month last year, raising alarm bells among producers with a large production capacity, reports the All Pakistan Cement Manufacturers Association (APCMA). The cement industry dispatched 3.646Mt in January 2019 against 4.083Mt in January 2018, says APCMA. The buoyancy...

Tasman Sea to complete clinker offloading at Suva

06 February 2019, Published under Cement News

Bulk carrier Tasman Sea is expected to complete the offloading of 11,880t of clinker at Suva Port, Fiji, today, according to the Fiji Sun. The clinker has been exported from Japan, which became a clinker importer into Fiji a year ago. The ship finished discharging 15,000t of clinker for the Tengy Cement Factory in Lautoka last week. The plant receives a clinker shipment every quarter.

Clinker damaged on route to Meghnaghat plant

31 January 2019, Published under Cement News

The MV Haji Abdul Jalil, a vessel carrying 850t of clinker, has anchored near Chandpur Launch Terminal after a crack developed on its keel on the Meghna river. Most of the cement clinker has been damaged, reports Mohammad Asad who is in charge of the vessel. The MV Haji Abdul Jalil had to anchor near the terminal on its journey from Holudiya in India. The ship was originally heading for Nara...

Kazakhstan becomes net exporter of cement

31 January 2019, Published under Cement News

Kazakhstan became a net exporter of cement in 2018. During 9M18, domestic cement producers exported more than 1.4Mt of cement with a total value of US$71.5m, almost doubling the export volume of 2017. Imports remained at the previous year’s level of 717,000t, supplied at a total value of US$38.8m. Imports have always exceeded exports by several times, reaching a record US$150m in the pre-cri...