Cement News tagged: Trading

Pakistan look to resume cement exports to South Africa

16 December 2020, Published under Cement News

Pakistan's Intermarket Securities Ltd has reported that cement manufacturers are hopeful that exports to South African might resume soon as anti-dumping duties expire on 17 December 2020. Earlier, the International Trade Administration Commission (ITAC) of South Africa has issued a notice announcing the start of a review on the anti-dumping duties as their five-year term is set to expire.   ...

Hail Cement to repay outstanding loan amount

16 December 2020, Published under Cement News

Hail Cement said its Board of Directors decided on 15 December 2020, to pay early and in full the balance amount of the loan from the Saudi Industrial Development Fund (SIDF). The amount of SAR152m (US$40.53m) is what is left from the original loan amount of SAR300m. A total of SAR148mis has already been repaid, the firm said in a statement.  The financial impact will be reflected in the...

DTI reviews cement import duty

08 December 2020, Published under Cement News

The Philippines’ Department of Trade and Industry (DTI) has ordered that, for the second year of the three-year implementation period of the safeguard measure against imported cement, a PHP9.80 (US$0.2) duty will be imposed on every 40kg bag of imported cement or PHP245/t. The second-year duty covers cement imports from various countries from 22 October 2020 to 21 October 2021, according to...

Pakistan shows healthy dispatches in November 2020

07 December 2020, Published under Cement News

Pakistan's cement industry dispatched 4.508Mt domestically and overseas in November 2020, recording a growth of 4.2 per cent on a YoY basis, according to the All Pakistan Cement Manufacturers Association (APCMA).   Out of the total dispatches, the local share increased by 6.3 per cent to 3.742Mt from 3.521Mt in November 2019, while exports registered a reduction of five per cent to 766,2...

Cement export revenue falls during 5MFY20-21 in Bangladesh

Cement export revenue falls during 5MFY20-21 in Bangladesh

07 December 2020, Published under Cement News

Bangladesh's cement industry has earned export revenue of US$2.82m in the five-month period of July-November 2020 (5MFY20-21), compared to US$4.08m in the year-ago period, a fall of 30.9 per cent YoY. The figure also includes a minor amount of salt, stone and related products, according to the Bangladesh Export Promotion Bureau (EPB) data.   The export value for cement decreased by ...

Cement imports pile up at Karachi Port

02 December 2020, Published under Cement News

Cement is quickly building up at the entrance to Karachi Port, as many of the deep-draught berths at the port are currently occupied by wheat-importing vessels. Consequently, cement exporters are suffering huge financial losses from the costs incurred from detention, demurrage and delays to offloading their goods. In a letter to the maritime affairs minister, Power Cement CEO, Kashif Hab...

Turkish cement exports to Turkmenistan rise by 79% in 9M20

Turkish cement exports to Turkmenistan rise by 79% in 9M20

01 December 2020, Published under Cement News

Cement exports from Turkey to Turkmenistan increased by 79.1 per cent from January through September 2020, compared to the same period in 2019, amounting to US$14.8m, the Turkish Trade Ministry reported. In September 2020 cement exports from Turkey to Turkmenistan fell by 1.6 per cent compared to September 2019 and amounted to US$1.4m. In the same month,  Turkey exported US$344.6m worth ...

GICA to export clinker to Dominican Republic and Haiti

26 November 2020, Published under Cement News

GICA will export 41,000t of clinker to the Dominican Republic and Haiti as it seeks new markets in Latin America, the company announced in a statement sent to EFE. It will also ship 60,000t of clinker to Côte d’Ivoire from the Hadjar Soud plant in Skikda. Since the start of 2020 close to 2Mt of clinker has been exported, including 300,000t to the Latin American market. In the last two ye...

Pakistan's exports surge in October

24 November 2020, Published under Cement News

Pakistan’s cement industry earned a revenue of US$105.54m from exporting 3.23Mt of cement and clinker in the 4MFY20-21, compared with US$94.4m from 2.437Mt of exports in the year-ago period, according to the Federal Bureau of Statistics (FBS). The dispatches represent an 11.8 per cent YoY increase in dollar value terms and a 32.5 per cent growth in quantity. In October 2020 exports were up ...

Beni Saf starts clinker exports to Mauritania

23 November 2020, Published under Cement News

GICA-owned Beni Saf Cement in Algeria started exports of clinker with a 13,000t shipment from the port of Ghazaouet to Mauritania on 18 November 2020. The company’s exports are in line with the government’s policy of promoting the country’s non-hydrocarbon exports. GICA has exported to Benin, Cameroon, Côte d’Ivoire, Gambia, Ghana, Guinea, Mauritania and Senegal.

PIBTL reports no congestion for coal imports

20 November 2020, Published under Cement News

Pakistan International Bulk Terminal Ltd (PIBTL) has informed the government that its terminal at Port Qasim in Karachi is working smoothly without any congestion and delay in the handling of imported coal for cement and other industries. The terminal operator has refuted the claims of terminal users that may point to the opposite. Therefore, PIBTL has sought to clarify several misrepresenta...

APCMA appeals for expeditious handling of imported coal

17 November 2020, Published under Cement News

Pakistan's cement manufacturers have appealed to the Prime Minister of Pakistan, Imran Khan, the Minister for Industries and Production, Hammad Azhar, and the Minister for Maritime Affairs, Ali Zaidi, to ensure the smooth expeditious handling of imported raw materials for cement and other industries at the country’s ports at competitive rates.   The All Pakistan Cement Manufacturers Assoc...

Dangote allowed to resume overland exports

11 November 2020, Published under Cement News

Nigeria’s government has allowed Dangote Cement to resume exports across the country’s land borders, reports Bloomberg. The step has raised expectations that the country may be opening up trade with its neighbours again. Land borders have been closed for over one year as authorities curbed smuggling and wanted to boost local production. While it encouraged the consumption of locally-grown pr...

Cem'In'EU speaks out on Carbon Border Adjustment Mechanism

05 November 2020, Published under Cement News

Cem'In'EU, a French industrial start-up committed to produce a low-carbon cement, calls upon the European Commission to design a well-fitted Carbon Border Adjustment Mechanism (CBAM) that will not be distorted into a protectionist tool for highly-polluting industries.   "During the ETS III, the cement industry has received a windfall profit EUR3.5bn, of which none have been invested to mod...

Pakistan records 33% growth in October cement dispatches

03 November 2020, Published under Cement News

Pakistan's domestic and overseas cement dispatches figures for October 2020 are officially yet to be released by the All Pakistan Cement Manufacturer Association (APCMA), but Lucky Cement Ltd's CEO, Mohammad Ali Tabba, has estimated a record growth to 5.7Mt, increasing from 4.4Mt in September 2020. The MoM rise of 29.5 per cent in dispatches in October was possible due to the increase in dome...

US claims 18% of Turkey's cement exports in the 9M20

03 November 2020, Published under Cement News

The USA represented an 18 per cent share of Turkish cement exports during the first nine months of the year, the largest share amongst the export destinations, according to the Turkish Statistical Institute (TurkStat). In total, Turkey exported US$118.3bn worth of goods during the period in question. Around TRY7.7bn (US$923m) of this was made by the cement industry. In the January-Septem...