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FDI falls QoQ in Bangladesh

23 January 2020, Published under Cement News

Bangladesh received gross foreign direct investment (FDI) of US$716.48m during the 3Q19 for the cement, textile, power, telecommunication, banking, foods, construction, trading, gas and petroleum, leather, chemicals, fertiliser, IT industry and other sectors, according to data released by Central Bank of Bangladesh. The country had received US$973.28m in previous quarter of April-June 2019 period and US$1.331bn in January-March 2019 period. This amounts to US$3.021bn between January-Septe...

Egypt's cement sector is relying more heavily on coal

22 January 2020, Published under Cement News

Egypt saw thermal coal imports rise by 31 per cent to 6.32Mt in 2019, according to official data from the port of Alexandria, driven by strong demand from the cement sector. Most coal was imported from the US. The latest data confirm a two-year growth period in thermal coal imports. In 2018 they spiked by 174 per cent to 4.81Mt from 1.75Mt in 2017. The country’s largest importer of thermal coal is Egypt’s largest cement producer, El Arish Cement, which imported 2.04Mt or 32 per cent of to...

Indonesian export sales up 12% in 2019

21 January 2020, Published under Cement News

Indonesia’s cement producers saw export sales drop 38.1 per cent in December 2019 to 321,966t when compared with 519,684t in December 2018, reports Semen Indonesia Group. Clinker exports were particularly affected, noting a 46.6 per cent fall to 204,227t from 382,237t the previous year. Cement exports were down 14.3 per cent YoY to 117,739t from 137,447t. Full-year 2019 However, exports for the full year 2019 saw 11.8 per cent improvement to 6.365Mt when compared with 5.691Mt in 2018.

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'...

Algerian cement exports increase 239% in 11M19

14 January 2020, Published under Cement News

The value of Algerian cement and clinker exports has surged 239.2 per cent to US$59.24m in the 11M19, compared with US$17.47m in the year-ago period, according to the Customs’ Surveys and Prospects Department (DEPD). Saïd Djellab, former trade minister, had said in November that cement export revenues were expected to reach US$60m in late 2019, however, these figures are now expected to require adjustment considering the pace of development.

Cement exports from Bangladesh continue to fall in 1HFY19-20

13 January 2020, Published under Cement News

Bangladesh's cement industry has earned an export revenue of US$5.03m during first six months of the current financial year, FY19-20, compared to US$5.75m earned in 1HFY18-19, a fall of 12.5 per cent YoY. The export 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 fell 1.6 per cent below the target of US$5.11m, set by the government for first five months of FY19-20.   The EPB had set ...

Pakistan's revenue collection autority to track tax evasion in cement industry

10 January 2020, Published under Cement News

Pakistan's tax collection authority, Federal Board of Revenue (FBR), has decided to track and monitor the clearances of duties/taxes paid items from around 100 units of cement, sugar and fertiliser sectors under the automated Track and Trace System (TTS).   The FBR has decided to bring 100 units of cement, sugar and fertiliser sectors under the automated TTS next month. According to media report, the implementation of the TTS will play a key role in curbing alleged tax evasion of billions of...

Transporters strike may impact cement industry

09 January 2020, Published under Cement News

The local and export dispatches of cement industry in Pakistan are likely to face challenges due to ongoing protest of United Goods Transporters Alliance in Pakistan, which has entered in its fourth day. The strike would also hamper the supply of raw materials to factories.   As a result, the movement of general cargoes, including export of cement/clinker to and from Karachi Port and Port Qasim in Sindh province of Pakistan, would further slow in coming days, according to an official of tran...

Iran's cement and clinker exports rise 22%

06 January 2020, Published under Cement News

Iran exported 11.4Mt of cement and clinker to 37 countries in the first eight months of the Iranian year from 21 March 2019-21 November 2019. Exports during the period rose by 22 per cent, compared to the corresponding period a year ago, according to the Iranian Mines and Mining Industries Development and Renovation Organisation. Afghanistan, Uzbekistan, Pakistan, Kazakhstan and Russia were the top destinations for cement and clinker exports and the top 10 countries accounted for 78 per ce...

Work starts to salvage Bangladesh clinker vessel

06 January 2020, Published under Cement News

The Bangladesh authorities have started the salvage operation of a partly capsized clinker-laden cargo vessel called Md Dudu Mia-1, in Kirtankhola river, in the country earlier this week. According to some media reports, a 25-member team started removing the clinker from the capsized cargo Md Dudu Mia-1. The cargo sunk in Kirtankhola river, near Barishal Port, after it collided with Dhaka-bound passenger launch MV Shahrukh-2, which was travelling from Barguna on 14 December 2019. After the ...