Cement News tagged: Trading
Bangladesh cement exports rise July-Sept
Bangladesh's cement industry recorded export revenue of US$3.17m during July-Sept 2018 compared to US$2.72m of the corresponding year-ago period, according to the Bangladesh Export Promotion Bureau. This is an increase of 16.54 per cent YoY. The export figure also includes a minor amount of salt, stone and related products. Bangladesh’s government has set an export target of US$14m for ce...
Indonesia exports reach 3.62Mt between Jan-Aug 2018
Indonesia's cement and clinker exports have reached 3.62Mt in the January-August 2018 period an increase of 95.8 per cent YoY, reports Indonesian Investments. According to the Indonesian Cement Association (ASI), cement and clinker exports are now forecast to reach 5Mt by the end of 2018, which is massively up on the original target of 3Mt. In the month of August cement and clinker exports ro...
Pakistan cement exports rise during July and August
According to Federal Bureau of Statistics, Pakistan's cement industry earned foreign exchange revenue of US$27.57m by exporting 617,745t of cement during the month of August 2018, compared to US$20.96m from exporting 475,134t of cement in previous month. This equated to a growth of 31.5 per cent and 30 per cent in terms of value and quantity, respectively MoM. When compared with the figur...
Tajikstan sees cement exports rise 37% in 8M18
Tajik cement exports increased to 0.92Mt in January-August 2018, a rise of 37 per cent in average monthly exports when compared with 2017, according to the country’s statistics agency. In 2017 Tajikistan exported 1Mt of cement. The latest figures mark the country’s switch to being a net exporter. More than half (0.52Mt) of cement exports in 8M18 was delivered to Uzbekistan. Other key desti...
Ethiopia-Eritrea border re-opening fuels cement trade
Following the normalisation of Ethiopia-Eritrea relations and the reopening of the border between the two countries, cement trade is flourishing after two decades of stand-off. As of Wednesday 12 October, 4000-5000 quintals (400-500t) a day have been transported from Adigrat, some 900km north of Addis Abeba, to the border towns of Senafe, Adi Keyih and Dekemhare in Eritrea, according to busi...
Pakistan exports hit Punjab and Himachal plants
Cement plants in Himachal Pradesh and Punjab, India, have called for 11 per cent duty on imports from Pakistan as they see capacity utilisation levels fall to 75 per cent. They have also suggested capping of entry points and ports for cement imports into India as additional safeguards against cement dumping from Pakistan. Of a total cement demand of 8Mta in Punjab, imports are now as high as ...
Clinker shipment capsizes in Bay of Bengal
A light vessel carrying 1500t of clinker capsized near Bhasanchar if Noakhali in the Bay of Bengal on 9 September. All 13 members of the MV Sheikh Parvin were rescued, said Mohammed Selim, deputy director of Bangladesh Inland Water Transport Authority, based in Chittagong. The vessel had been bound for Narayanganh and strong currents led to the clinker shipment colliding with another vessel, ...
Sri Lanka sees 56% rise in May imports
Leading analysts point to a recovery in Sri Lanka's construction sector following a 56 per cent rise in cement imports during May 2018, while domestic production has also increased. Following the 1Q18 contraction in construction of 4.9 per cent, cement imports surged to 633,000t in May 2018, taking the total imports in the first five months to 2.3Mt, which is up 1.5 per cent from a year earli...
Tanzania's Government says super-dealers must be kept in check
Tanzania's Government has put out a strong message to the country's cement producers that their licenses will be revoked if they do not keep their super-dealer's price rises in check. Unwarranted price hikes are a feature of the market that the government is now seeking to stamp out. Mr Charles Mwiijage, trade and investment minister said, recent price hikes were the work of distributors who ...
Bangladesh forsees 11.2% growth in exports FY18/19
Bangladesh government has set an export target of US$14m for cement industry for the financial year 2018-19 (June-July) against US$12.59m from last fiscal year. The target is based on an expected growth of 11.20 per cent. According to Bangladesh Export Promotion Bureau (EPB), Bangladesh's cement industry earned export revenues of US$1.09 during July 2018 compared to US$1.04m earned in the yea...
Pakistan cement sector's FY19 starts strongly
Pakistan cement industry's FY19 started positively in terms of exports with rises in the first month July 2018. According to the Federal Bureau of Statistics, Pakistan's cement industry earned foreign exchange revenue of US$20.96m by exporting 475,134t of cement last month compared to US$16.31m on 369,506t of cement. This reporesented growth of 28.56 per cent and 28.59 per cent in terms of val...
Rock Hard Distribution Ltd fights back against jurisdiction
The Customs Committee of the Council for Trade and Economic Development (COTED) has come under fire from Rock Hard Distribution Ltd that says the body has "no jurisdiction" to consider the classification of Rock Hard Cement or any goods under the Common External Tariff. The CARICOM Secretariat had invited Rock Hard Distribution Ltd to a meeting on 15 August in Guyana to discuss the classific...
Belarus and Russia trade US$400m of cement in 2014-18
The Belarusian Architecture and Construction Ministry (BACM) has announced that US$400m of cement was traded between Belarus and Russia between 2014-2018. Anatoly Cherny, BACM minister, and Mikhail Skorokhod, president of Eurocement Group, met on Wednesday to discuss 1H18 results and future tasks, according to Belarus Daily News. A bilateral document was signed in 2014 allowing Eurocement to...
HeidelbergCement reduces activity in Georgia
Due to recent developments, HeidelbergCement's management has been forced to lay off close to 200 workers in Georgia and run the company at about 50 per cent capacity, because it can no longer compete with underpriced cement being sold on the Georgian market. HeidelbergCement currently employs more than 1300 people in Georgia and the lay-offs will impact on local families, says the company. ...
Pakistan cement industry earns US$222.84m in 12MFY18
Pakistan cement industry observed a positive growth of 0.9 per cent and a contraction of -6.3 per cent in terms of quantity and value in dollars respectively between July and June 2018, according to official government data. According to the Federal Bureau of Statistics, Pakistan's cement industry exported 4.559Mt of cement and earned foreign exchange revenue of US$222.84m during FY18 comp...
Northern players increase price by PKR10
Pakistan cement industry players in the northern region are cautiously optimistic. The cement industry has seen bullish activity at the Pakistan Stock Exchange for the last two days on the back of news, which has been attributed to leading brokerage houses, that north-based cement producers have raised prices of cement by PKR10/bag (US$0.082), effective 18 July 2018. No further details wer...