Cement News tagged: Trading

Bangladesh cement exports continue to slide in 9MFY19

15 April 2019, Published under Cement News

Bangladesh's cement industry recorded a reduction of 16.4 per cent in export revenue to US$8.16m during the first nine months of FY18-19 (July 2018-March 2019) compared to US$9.76, earned in the equivalent period of the previous financial year, according to the Bangladesh Export Promotion Bureau. The export figure also includes a minor amount of salt, stone and related products. The nine mon...

Prices in Pakistan's northern region start to fall

10 April 2019, Published under Cement News

A research house in Pakistan hints the start of a decline trend in cement prices in the north. Its channel checks show that average retail prices in the north region have fallen by PKR50/bag (US$0.35) to PKR550/bag in the past 20 days alone. The decline in prices is attributed to efforts made by cement manufacturers to raise their utilisation levels from below 80,000tpd previously (January a...

Exports from southern Pakistan remain strong

09 April 2019, Published under Cement News

Total cement sales in Pakistan declined by seven per cent YoY to 4.3Mt in March 2019 and six per cent YoY to 29.3Mt in 9MFY19. However, exports from the southern region continued to be strong. Total exports rose by 23 per cent YoY to 0.5Mt in March 2019. Exports from the northern region fell by 40 per cent as shipments to India have been halted following escalation tensions on the border. ...

Trinidad Cement seeks higher taxes on Rock Hard Cement imports

08 April 2019, Published under Cement News

Trinidad Cement Ltd (TCL) has written to the Caribbean Court of Justice to seek higher taxes to be imposed on Rock Hard Cement imports, according to the Nation. TCL wants the final appellate court to raise the tax on imported cement above the five per cent which has been suggested by last month's CARICOM Council of Trade and Economic Development (COTED). Hard Rock Cement has been importing p...

GICA ships 37,000t of clinker to Côte d’Ivoire

GICA ships 37,000t of clinker to Côte d’Ivoire

08 April 2019, Published under Cement News

GICA-owned Hadjar Soud de Skidka (SCHS) plant in Algeria has exported 37,000t of clinker from Annaba port, according to its CEO Youcef Merabet. "This cargo represents the first export operation to the African market made by the SCHS,” according to Mr Merabet. A total of 200,000t of clinker will be exported by the cement plant in 2019 as part of GICA’s 1Mt export programme to African countri...

Northern Pakistan cement prices rise

04 April 2019, Published under Cement News

Pakistan cement manufacturers have reportedly increased the prices PKR10-15/bag (US$0.07-0.1) of cement in the northern region (Punjab and Khyber Pakhtunkhwa ) of the country. The hike in cement prices will be effective immediately, according to a report by a local research house. Reasoning the hike, the analyst stated that the price change is courtesy of supply-side management amid continu...

Crown Cement becomes export leader

Crown Cement becomes export leader

03 April 2019, Published under Cement News

MI Cement Factory Ltd has stated that it has become Bangladesh's cement export leader. The company achieved national export trophy three times for its outstanding performance in cement export. Demand for its Crown Cement brand is gradually increasing at home and abroad. In addition, Crown Cement is contributing to the country's development through foreign currency earning. Bangladesh import...

Clinker appetites increasing in Bangladesh

26 March 2019, Published under Cement News

Bangladesh's clinker imports have been growing in the last five years, apart from in FY15-16, According to the Economic Survey of Bangladesh 2018. The country's cement producers imported US$615m of clinker in FY13-14, which rose to US$766m in last fiscal year of 2017-18. It translates to a growth of about 25 per cent in half-a-decade.   Some 80 per cent of the clinker used for cement producti...

Tabuk Cement wins clinker export order to Yemen

22 March 2019, Published under Cement News

Tabuk Cement of Saudi Arabia has won an order to export 500,000t of clinker to Golden Oil Co in Yemen. The contract will conclude by the end of 2019, according to a bourse statement. The financial impact will be reflected in Tabuk Cement's financial business report in the 2Q19. Tabuk Cement operates an integrated cement plant at Duba port producing 1.2Mta of cement.

Exports of cement from Pakistan continue to swell in 8MFY19

19 March 2019, Published under Cement News

Pakistan Bureau of Statistics (PBS) data shows that the country's cement export value and volume rose during first eight months of the current FY18-19, despite dwindling exports of cement to Afghanistan and India.   Pakistan's cement industry received foreign exchange revenues of US$205.86m by exporting 4.83Mt of cement/clinker during the eight months of July 2018-February 2019, compared to US...

Wagners suspends cement supply to Boral

19 March 2019, Published under Cement News

Wagners Holding Co Ltd has suspended the supply of cement to Boral Ltd for six months after Boral had issued a third-party pricing notice to Wagners under their cement supply agreement. Boral has seen that it can obtain cement supplies cheaper than the price Wagners is offering. Boral's market price is in the form of an unsigned offer and Wagner's believe it may not be genuine. Wagners has...

Cement importers refute claims of sub-standard cement

18 March 2019, Published under Cement News

Importers of cement into the Philippines have disputed claims that their cement fails to meet regulatory standards. "All legally-imported cement retailed in the Philippine market is guaranteed to meet stringent quality controls. Our members import cement from various countries, including Vietnam. But wherever imported cement is sourced, we wish to stress that imported cement undergoes a thre...

Clinker largest import commodity in Côte d’Ivoire

15 March 2019, Published under Cement News

In 2018 clinker imports into Côte d’Ivoire edged up to 3.1Mt, from 3.03Mt in the previous year, making them the country’s largest import volume for the second-consecutive year, ahead of petroleum imports, acccording to the country’s Customs Department. The value of clinker imports advanced 9.7 per cent to XOF94.01bn (US$162.3m) when compared with XOF85.68bn in 2017. The maximum price of a 5...

Exports seek solutions for stalled export to India

11 March 2019, Published under Cement News

Exports of cement and other commodities from Pakistan to India have been impacted following imposition of 200 per cent import duty by New Delhi on the aftermath of recent terrorist attacks on Indian soldiers. According to local media, Pakistani exporters have sought the government's help to clear their multi-million dollars of shipments stuck at the Indian ports, since the two neighbouring cou...

LafargeHolcim Algeria ships first white cement exports to South Africa

07 March 2019, Published under Cement News

LafargeHolcim Algérie loads its first white cement shipment onboard for export LafargeHolcim Algérie has carried out its first exports of white cement from Oran, Algeria, to South Africa. A consignment of 10,000t of “Super White” cement, produced in the company’s Oggaz plant, was shipped to Cape Town. The shipment is part of the company’s export programme, launched in 2018. In ...

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 ...