Cement News tagged: Trading
Pakistan cement consumption grows 13.8% in fiscal 2017-18
Pakistan cement industry ended fiscal 2017-18 on a jubilant note, by posting yearly growth of 13.84 per cent with domestic consumption increasing by 15.42 per cent and exports inching up by 1.77 per cent. This is the first time in nine years that cement exports have registered a growth. According to data released by All Pakistan Cement Manufacturers' Association (APCMA), during the fiscal yea...
Botswana to restrict cement imports
The Botswana Government will restrict cement imports from September 2018. According to the Minister of Investment, Trade and Industry, Bogolo Kenewendo, the step is part of the process aimed at stimulating economic activity and job creation. "The proposed restrictions would be done through the issuance of import permit after the importer has submitted evidence that indeed they have satisfi...
Hima Cement forecasts prices to fall in Uganda
Nicholas George, Hima Cement Country CEO, has stated that cement prices in Uganda will fall some more as new capacities, such as Hima's 1.7Mta expansion in Tororo, come on-stream. Mr George said the period of rising cement prices was over. Speaking to the Daily Monitor, he said: "The country was faced with rising cement prices for about one month. But it is over. It was an accumulation of d...
Pakistan's cement exports to benefit from PKR depreciation
Cement exports from Pakistan are likely to benefit from the Pakistani rupee depreciation against the US dollar as reported in foreign exchange markets. According to Elixir Securities Pakistan, the rupee has depreciated by 3.9 per cent during the day to PKR121 against the greenback, from last week's close of PKR116.5. Historically the local currency has depreciated in spurts, with today's mov...
Coal prices on Pakistan may affect profitability
The increase in coal prices is likely to affect the margin of cement companies in Pakistan, particularly those who have captive power plants based on imported coal. According to Research House report, the demands for coal may vary subject to international factors in coming months. International coal prices posted a surge of 34 per cent during FY18 to date mainly due to production constrain...
Bangladesh cement exports rise by 24% in 11MFY17-18
Bangladesh's cement industry export revenues saw a growth of 24.01 per cent during the first 11 months of FY17-18 (July 2017-May 2018), says data released by Export Promotion Bureau (EPB). The country exported cement and other materials worth of US$11.88m during the 11MFY17-18, compared to US$9.58m earned in the year-ago corresponding months. This represent a growth of over 24 per cent in e...
Fancesa gears up for exports to Paraguay, Argentina and Chile
Bolivian cement producer Fancesa will carry out market research in Paraguay, Argentina and Chile this year with a view to entering these markets as soon as the company’s new line is up and running in 2019. While the decision to export was taken in January last year, it was not until last February that the company’s President, Eduardo Rivero, confirmed that the negotiations with Paraguay wer...
Cement prices rise in Pakistan
Prices of cement in Pakistan are expected to rise following an increase to the Federal Excise Duty (FED) to PKR1.50/kg (U$0.012) from PKR1.25/kg , in the Federal Budget 2018-19 (July 2018-June 2019). Experts expect local cement producers to pass on the extra government levy to end users. Last week Attock Cement Pakistan Ltd (ACPL) and Lucky Cement announced increases in their cement prices...
LafargeHolcim Msila ships 17,000t for export to west Africa
LafargeHolcim’s plant in Msila, Algeria, has recently carried out a 17,000t shipment for west Africa. The consignment of bulk cement was delivered to the port of Djendjen. It is the seventh such delivery since December 2017 and its part of the group’s plans to export 2Mt of cement in 2020. LafargeHolcim owns two plans in Algeria – one at M’Sila and one at Oggaz (Mascara). In addition, i...
Pakistan's exports tipped to increase
Experts are hoping an increase in exports of cement from Pakistan during the outgoing FY18. The country recorded its highest growth of cement exports during 2008-10, when, it hovered around 10.75Mt. Of late, exports have started to drift and reached at 4.66Mt in 2016-17 and 3.9Mt in 10 months of FY18. According to a research house report, cement exports are expected to post stellar growth o...
A review of Pakistan cement exports to Afghanistan
Pakistan exported 2.43Mt of cement during FY15-16 to Afghanistan, which fell to 1.76Mt in FY2016-17. While Afghanistan remains the biggest export market for Pakistan producers, this translates into a fall of 28 per cent. However, the negative trend would turn into a positive one as the country already exported 1.65Mt of cement to Afghanistan during the first 10 months of the FY17-18. The pea...
Cameroon sees exports more than double in 2017
Cement exports from Cameroon reached 57,459t in 2017, a considerable increase from 19,700t in 2016, according to data released by the Ministry of Economy, Planning and Trade. Most of the volume is supplied to countries of the Economic and Monetary Community of Central Africa (CEMAC). The rise has come on the back of an increase in local cement production by Cameroon’s cement manufacturer...
Cumulative cement export revenue shows mix results in 10MFY18
Pakistani export revenues of cement during the first 10 months of current FY17-18 ended 30 April recorded a YoY fall of 3.6 and 9.4 per cent in terms of quantity and value in dollar, respectively, according to says data released by Federal Bureau of Statistics, Government of Pakistan. The country exported 3.74Mt of cement and earned export revenue of US$185.74m in July 2017-April 2018, com...
TCL and Arawak Cement seek redress over reduced import tariffs
Trinidad Cement Ltd (TCL) and its Barbados-based subsidiary Arawak Cement Ltd are reported to have filed legal action against the Government of Barbados, accusing it of breaking the Caribbean Community (CARICOM) single market and economy, according to Barbados Today. Barbados Labour Party (BLP) leader, Mia Mottley, explained that the lawsuit was lodged last Friday with the Trinidad-based Car...
Pakistan cement dispatches total 39Mt in first 10 months of fiscal year
The Pakistan cement industry during the first 10 months of outgoing fiscal year July 2017-April 2018 dispatched 38.99Mt of cement compared to 33.880Mt during the same period last year. It posts a growth of 15.1 per cent YoY. According to data released by All Pakistan Cement Manufacturers Association (APCMA), out of this total, the mills of the northern region dispatched 28.9Mt cement for do...
GICA exports first clinker to Europe
The Algerian Industry Ministry said GICA exported its first shipment of clinker to Europe in April. A subsidiary of state-run GICA Group delivered 45,000t. The shipment is part of a contract to export 200,000t to Europe. GICA is expected to export more cement to African and European countries in the near future, the statement noted.