Cement News tagged: Trading
PT Semen Padang exports 25,000t to Australia
PT Semen Padang exported 25,000t of cement to Australia. The cargo of OPC Type I Grade 52.5N cement was shipped in MV Luga from Teluk Bayur Padang Port on West Sumatra, according to Fifit Abriyanto, senior export sales manager for Semen Indonesia Group. In addition, the company also exported around 35,000t of clinker to Bangladesh in September, reported Bisnis. To support the optimisation ...
CeMAP seeks probe into Philcement product origin
The Cement Manufacturers Association of the Philippines (CeMAP) confirms reports from 28 January, 2020, it brought to the attention of the Department of Trade and Industry (DTI) a possible case of non-compliance regarding Union V Super Strength 40, a cement brand of Philcement Corp. "This concern is in line with our commitment to work with all stakeholders in promoting consumer welfare and ...
Mixed trends in export from Pakistan continued in 2MFY20
According to Pakistan's Federal Bureau of Statistics (FBS) cement export data for July-August 2020 (2MFY20-21) showed a mix of trends. Pakistan's cement industry earned US$44.51m of export revenue by exporting 1.376Mt of cement and clinker in the 2MFY20-21, compared to US$42.14m from 1.064Mt of exports in July-August 2019. Therefore, shipping represents a 5.6 per cent jump in dollar terms and ...
Caribbean Cement may resume exports soon
Jamaica-based Caribbean Cement Co Ltd is awaiting the right conditions to resume cement exports. The Rockfort plant has excess capacity, despite sustained local demand for cement even during the pandemic. "Export is something we will be considering, but it will always come behind the local market, which we prioritise," said General Manager, Yago Castro. "The good thing is that we have some p...
DR Congo orders cement imports
The Minister of Foreign Trade of the Democratic Republic of Congo, Jean Lucien Bussa, has ordered the import of 100,000t of cement from the Republic of Congo as domestic supply falls short of volumes needed, according to Desk Eco. “Following our discussions on 24 August 2020 in Brazzaville, Republic of Congo, I make it my duty to inform you that I have just authorised the import, into the De...
Vietnam's cement sector sees exports rise on higher Chinese demand
The Vietnam Cement Association (VNCA) shows that the 1H20 recorded a 12 per cent decrease in the industry’s consumption compared to the same period for the domestic consumption channel. The reason comes from the slowdown in construction activities. However, recently, cement demand has gradually recovered. Noticeably, the export volume maintained the growth rate thanks to the significant increa...
Cement stocks have outperformed in PSX lately
An analyst at Intermarket Securities Ltd has reported that cement stocks listed on the Pakistan Stock Exchange (PSX) have recently outperformed and the present bull-run in cement stocks – up 82 per cent since March 2020 – has been driven by many factors. That includes good pick-up in local demand led by the private sector, anticipated commencement of Naya Pakistan Housing Scheme and the recent...
Export of cement from Bangladesh continues to shrink in 2MFY20-21
Bangladesh's cement industry has earned export revenue of US$0.89m in July-August 2020 (2MFY20-21), compared to US$1.33m bagged in July-August 2019. The modest start to the financial year reflects the fall in exports by 33.1 per cent over the year-ago period. The figure also includes a minor amount of salt, stone and related products, says data of Bangladesh Export Promotion Bureau (EPB). Th...
New inland waterway receives first cement consignment
The first export consignment of cement from Bangladesh to Tripura, in India, through the inland waterways has been completed. A Bangladeshi barge carrying 50t of cement reached Sonamura in the northeastern Indian state of Tripura two days after setting sail from Daudkandi. The vessel, MV Premier, reached Sonamura after travelling 93km along the Meghna-Gomati river route. The Protocol for Inl...
Export licence for Qassim Cement
Qassim Cement Co has been awarded a licence to export cement by Saudi Arabia’s Ministry of Commerce and Investment. The licence is effective for one year, according to a bourse statement. In the 2Q20 the cement producer posted net earnings of SAR85.47m (US$27.8m), up 21.3 per cent YoY.
Algeria exports 6000t of cement to Lebanon
A vessel with 6000t of cement left the port of Djen Djen, Algeria, yesterday, heading for Beirut, Lebanon. Minister of Industry, Ferhat Aït Ali, and Minister of Solidarity, Kaoutar Krikou, were present during the departure. In a statement to the press, the two ministers focused on "the spirit of solidarity which animates the Algerian people towards the brotherly Lebanese people in this diffi...
Bangladesh producers seek advanced income tax refund of BDT7500m
Bangladeshi cement manufacturers have requested that the National Board of Revenue makes payment of BDT7500m (US$88,47m) as a refundable advanced income tax to help them recover some of their losses from the coronavirus pandemic. Previous attempts to seek similar demands in the national budget were turned down. "We need a fresh injection of capital to recover the losses incurred due to pandem...
Turkey's exports to the US rise 24% in June
Turkey’s cement exports to the US declined by 5.7 per cent YoY in the first half of 2020, amounting to US$197.7m, according to the Turkish Ministry of Trade. In June 2020 the country’s cement exports to the US increased 24.4 per cent compared to June 2019 and exceeded US$37.1m.
Cementos Pacasmayo begins terminal operations
Peru’s Cementos Pacasmayo has resumed operations from the port terminal of Yurimaguas, Loreto, distributing 60,000 bags of cement to Iquitos. The company operates in the port through its subsidiary, Cementos Selva, which has a 4.9Mta plant in Rioja. The operations were launched in mid-August with the arrival of several vessels, which will set sail for Iquitos while complying with all COVID-...
Pakistan cement industry earns good export revenue during July
Pakistan's Federal Bureau of Statistics (FBS) has released cement export data for July 2020 (FY20-21). During this period, the industry earned good export revenue as the both value and quantity of cement exports increased on a MoM basis, but shows a mixed trend when compared with the YoY basis. Pakistan's total exports (all commodities) increased by 25.1 per cent during July 2020 to US$2bn ag...
Turkish cement exports to Italy and world markets increase
Cement exports from Turkey to Italy increased by 0.1 per cent from January through June 2020 compared to the same period in 2019, amounting to US$70.4m, reports the Turkish Ministry of Trade. The export of cement from Turkey to Italy increased by 41.8 per cent in June 2020 compared to June 2019 and amounted to US$14.3m. From January through June 2020, the export of cement from Turkey to the w...