Cement News tagged: Trading
Tabuk Cement wins clinker export order to Yemen
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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...