Cement News tagged under: Trade
Central Bank of Pakistan reviews progress of cement industry in FY1819 October 2018, Published under Cement NewsThe State Bank of Pakistan has released its annual report on Pakistan's economy for the fiscal year 2017-18. According to the report, the growth momentum gained further strength as the economy achieved its 13-year highest real GDP growth of 5.8 per cent in FY18. The GDP growth was also broad-based, as all the three sectors – agriculture, industry (including cement) and services – contributed positively to this acceleration, the report highlights. The cement industry, with more than one-fi... |
Bangladesh cement exports rise July-Sept17 October 2018, Published under Cement NewsBangladesh'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 cement industry for the financial year 2018-19 (June-July), against US$12.59m from last fiscal year. T... |
Ukraine industry moves against counterfeit cement21 September 2018, Published under Cement NewsThis week Ukrcement, the Ukranian cement association, reported that counterfeit cement was prevalent in Ukraine's cement market. It is more disappointing news for local producers who have seen cement production drop by 3.7 per cent in the first seven months of the year. The cement association recently commissioned GFK Ukraine to carry out research into the packaging of cement products sold in the domestic retail market. The research agency visited 180 building material outlets, supermark... |
Ethiopia-Eritrea border re-opening fuels cement trade19 September 2018, Published under Cement NewsFollowing 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 business owners in Adigrat. Business activities in these areas has revived,” Angesom told Fortune. A ... |
Pakistan exports hit Punjab and Himachal plants13 September 2018, Published under Cement NewsCement 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 1.5Mta, rising by 24 per cent YoY in the quarter ended March 2018. The majority of imports are from ... |
Clinker shipment capsizes in Bay of Bengal10 September 2018, Published under Cement NewsA 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, called the Basundhara-27, that had already run aground. There are several grinding units located i... |
Building west African wealth05 September 2018, Published under Cement NewsWest Africa is a vast region that is attracting foreign investment and infrastructure development at a pace not seen before. The cement industry is part of this fast-growing drive and with new grinding plants being established, clinker and cement exports could become a valuable source of future revenue. Following decades of imports, west Africa is expanding its cement capacity to meet its growing cement demand as the region puts much-needed infrastructure in place to propel its eco... |
Sri Lanka sees 56% rise in May imports28 August 2018, Published under Cement NewsLeading 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 earlier. Domestic production grew 0.5 per cent to 220,000t in May. However, over the first five months o... |
Bangladesh forsees 11.2% growth in exports FY18/1924 August 2018, Published under Cement NewsBangladesh 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 year-ago corresponding month. This equates to a 4.81 per cent increase in exports YoY. The export figur... |
Pakistan cement sector's FY19 starts strongly23 August 2018, Published under Cement NewsPakistan 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 value and quantity respectively on MoM basis. In local currency terms growth of 34.38 per cent was s... |