Cement News tagged under: Trade

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Pakistan's cement under the shadow of coronavirus

25 March 2020, Published under Cement News

Pakistan's cement industry has been impacted directly and indirectly by the coronavirus pandemic. The spread of the virus is driving cement manufacturers to reschedule or hold board meetings through video link. Export dispatches to Afghanistan are being suspended, while producers are seeing a fall in local cement demand, with lockdown of the port cities of Karachi and Sindh province. The other three provinces are partially locked down and this is expected to affect local dispatches.   Howev...

Pakistan dispatches higher volume but earned lesser in 1HFY20 

20 January 2020, Published under Cement News

Pakistan cement industry's increased its overseas dispatches but saw value contract in 1HFY19-20. Therefore, the industry's foreign exchange revenues fell by US$11.74m in the first six months when compared with the previous-year's first half. The country's cement sector received US$145.26m by exporting 3.766Mt of cement and clinker between July and December 2019, compared to US$157m from exporting 3.671Mt of cement and clinker in same months in the previous year, according to the country'...

Vietnamese exports rise 3% in the 10M19

11 December 2019, Published under Cement News

Vietnam exported 3.58Mt of cement in October at a value of US$141.62m, representing an increase of 24.9 per cent and 17 per cent YoY, respectively, according to the General Department of Vietnam Customs. During the month, the average price of exports decreased 0.7 per cent MoM and 6.3 per cent YoY to US$39.6/t. In the first 10 months of 2019, the country exported 26.9Mt of cement worth US$1.12bn, up 2.6 per cent YoY in volume and 10.5 per cent in value. Average prices also increased 7.7 p...

Algeria's cement export revenues rise 251% in the 9M19

02 December 2019, Published under Cement News

Algeria’s cement export revenues have increased more than 251 per cent YoY in the first nine months of 2019, rising to over US$51m from US$14.54m, according to the Customs’ Directorate of Studies and Prospective (DEPD). Said Djellab, trade minister, has said that export revenues are expected to reach US$60m by the end of 2019, compared with US$20m in the previous year. However, he also noted that this is expected to surge to US$400m by 2021 since the industry will have the capacity to expor...

Pakistan and Iran explore cooperation on cement trade

26 November 2019, Published under Cement News

A trade delegation from the government of Iran, headed by Ali Mohtasham Amiri, managing director of Milad-e-Noor, has visited Pakistan to explore opportunities for mutual cooperation and enhancing trade relations between Tehran and Islamabad. The cement industry is also included in their agenda, says a statement of Pakistan largest trade representative body, the Karachi Chamber of Commerce and Industry (KCCI). The delegation is interested in different types of polypropylene bags for cement ...

China Tianrui Group Cement enters into new clinker supply agreement

17 October 2019, Published under Cement News

China Tianrui Group Cement has entered into a new clinker supply framework agreement with Ruiping Shilong, which will remain active until 31 December 2021. While an existing clinker supply agreement for the same term has been active since 1 April 2019, the company has stated that the actual transaction amount may exceed the proposed annual cap. Therefore, the new agreement will supersede the previous arrangement.

Pakistan's exports to India fall 41% in FY19

08 October 2019, Published under Cement News

Pakistan’s cement exports to India fell 41 per cent to 0.716Mt in the FY19 ended 30 June, with no exports to the country taking place between March-September. The decline is the result of a 200 per cent duty set by the Indian government, according to The Daily Times. Furthermore, revenue from overall exports declined 13.2 per cent YoY to US$42.15m in the first two months of the current fiscal year.

Cement export from Bangladesh shrinks

08 October 2019, Published under Cement News

According to Bangladesh Export Promotion Bureau (EPB), Bangladesh's cement industry has earned US$2.37m during July-September 2019 (1QFY19-20) compared to US$3.17m earned in same period last year. This translates a fall of 25.2 per cent YoY basis. The export figure also includes a minor amount of salt, stone and related products. The export value for cement fell 5.2 per cent below the target of US$2.5m, set by the government for first three months of FY19-20. The EPB has set an export tar...

Pakistan cement exports shrink in July and August 2019

25 September 2019, Published under Cement News

Pakistan's cement industry earned foreign exchange revenue of US$16.74m by exporting 391,548t of cement in August 2019, compared to US$25.4m from exporting 593,525t of cement in previous month, says the country's Federal Bureau of Statistics. This converted to a fall of 34.1 per cent and 34 per cent in terms of value and quantity, respectively MoM.   When compared with the figure of August 2018, earnings of US$27.6m from 627,405t of cement – it translates to a YoY fall of 39.3 per cent in fo...

Sri Lankan minister deplores political border tax policy on cement

18 September 2019, Published under Cement News

Sri Lanka's finance minister, Mangala Samaraweera, has spoken out against the country's cement prices being higher than more developed markets in south Asia, requesting that the border tax policy needs to be depoliticised to benefit consumers. "Our export sector has been crippled by para-tariffs caused by businessmen influencing politicians," Mr Samaraweera told the opening of the Ceylon Chamber of Commerce Economic Summit. "This has also led to large increases in prices. For example, last...