Cement News tagged under: Trading

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Caribbean Cement may resume exports soon

18 September 2020, Published under Cement News

Jamaica-based Caribbean Cement Co Ltd is awaiting the right conditions to resume cement exports. The Rockfort plant has excess capacity, despite sustained local demand for cement even during the pandemic. "Export is something we will be considering, but it will always come behind the local market, which we prioritise," said General Manager, Yago Castro. "The good thing is that we have some production capacity surplus, so, eventually, if the local market allows us, then we can allocate diff...

DR Congo orders cement imports

16 September 2020, Published under Cement News

The Minister of Foreign Trade of the Democratic Republic of Congo, Jean Lucien Bussa, has ordered the import of 100,000t of cement from the Republic of Congo as domestic supply falls short of volumes needed, according to Desk Eco. “Following our discussions on 24 August 2020 in Brazzaville, Republic of Congo, I make it my duty to inform you that I have just authorised the import, into the Democratic Republic of the Congo, of 100,000 tonnes of grey cement from the Republic of Congo. This is...

Vietnam's cement sector sees exports rise on higher Chinese demand

11 September 2020, Published under Cement News

The Vietnam Cement Association (VNCA) shows that the 1H20 recorded a 12 per cent decrease in the industry’s consumption compared to the same period for the domestic consumption channel. The reason comes from the slowdown in construction activities. However, recently, cement demand has gradually recovered. Noticeably, the export volume maintained the growth rate thanks to the significant increase in demand from the Chinese market since the second quarter. The latest clinker and cement exporr...

Cement stocks have outperformed in PSX lately

10 September 2020, Published under Cement News

An analyst at Intermarket Securities Ltd has reported that cement stocks listed on the Pakistan Stock Exchange (PSX) have recently outperformed and the present bull-run in cement stocks – up 82 per cent since March 2020 – has been driven by many factors. That includes good pick-up in local demand led by the private sector, anticipated commencement of Naya Pakistan Housing Scheme and the recent announcement of Karachi Package by the government, and lower input costs amid a decline in internat...

Export of cement from Bangladesh continues to shrink in 2MFY20-21

10 September 2020, Published under Cement News

Bangladesh's cement industry has earned export revenue of US$0.89m in July-August 2020 (2MFY20-21), compared to US$1.33m bagged in July-August 2019. The modest start to the financial year reflects the fall in exports by 33.1 per cent over the year-ago period. The figure also includes a minor amount of salt, stone and related products, says data of Bangladesh Export Promotion Bureau (EPB).   The export value for cement decreased by 46.4 per cent, underperforming when compared with the governm...

New inland waterway receives first cement consignment

07 September 2020, Published under Cement News

The first export consignment of cement from Bangladesh to Tripura, in India, through the inland waterways has been completed. A Bangladeshi barge carrying 50t of cement reached Sonamura in the northeastern Indian state of Tripura two days after setting sail from Daudkandi. The vessel, MV Premier, reached Sonamura after travelling 93km along the Meghna-Gomati river route. The Protocol for Inland Water Trade and Transit (PIWTT) was signed between India and Bangladesh in 1972 to provide inlan...

Export licence for Qassim Cement

02 September 2020, Published under Cement News

Qassim Cement Co has been awarded a licence to export cement by Saudi Arabia’s Ministry of Commerce and Investment. The licence is effective for one year, according to a bourse statement. In the 2Q20 the cement producer posted net earnings of SAR85.47m (US$27.8m), up 21.3 per cent YoY.

Algeria exports 6000t of cement to Lebanon

02 September 2020, Published under Cement News

A vessel with 6000t of cement left the port of Djen Djen, Algeria, yesterday, heading for Beirut, Lebanon. Minister of Industry, Ferhat Aït Ali, and Minister of Solidarity, Kaoutar Krikou, were present during the departure. In a statement to the press, the two ministers focused on "the spirit of solidarity which animates the Algerian people towards the brotherly Lebanese people in this difficult circumstance that this country is going through". According to the same declaration, other acti...

Bangladesh producers seek advanced income tax refund of BDT7500m

28 August 2020, Published under Cement News

Bangladeshi cement manufacturers have requested that the National Board of Revenue makes payment of BDT7500m (US$88,47m) as a refundable advanced income tax to help them recover some of their losses from the coronavirus pandemic. Previous attempts to seek similar demands in the national budget were turned down. "We need a fresh injection of capital to recover the losses incurred due to pandemic. We have fallen in capital shortage as well. So, the government should refund our adjustable fund...

Turkey's exports to the US rise 24% in June

25 August 2020, Published under Cement News

Turkey’s cement exports to the US declined by 5.7 per cent YoY in the first half of 2020, amounting to US$197.7m, according to the Turkish Ministry of Trade. In June 2020 the country’s cement exports to the US increased 24.4 per cent compared to June 2019 and exceeded US$37.1m.