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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...

Pakistan-Afghanistan Torkham border inauguration to facilitate cement trade

18 September 2019, Published under Cement News

Pakistan's Prime Minister, Imran Khan, along with top officials of government of Afghanistan, are expected to inaugurate round-the-clock operation of Torkham border crossing between Afghanistan and Pakistan today, subject to security clearance, etc. This is expected to support higher volumes of imports and exports, including cement, between the two countries.   The Pakistan cement industry, particularly factories located in northern area of Pakistan are pinning their hopes that the opening o...

Philippines announces new duty on imported cement

04 September 2019, Published under Cement News

The Philippines’ Department of Trade and Industry (DTI) will impose a general safeguard duty on imported cement for a three-year period to protect domestic product. The measure will take effect 15 days after the announcement made on Tuesday. "We are deciding on the imposition of definitive safeguard duty of PHP250/t (US$4.8/t) or PHP10/40kg bag for the first year of the implementation to encourage and challenge the local cement industries to be globally competitive," said the DTI in a sta...

Pakistan's cement dispatches fall in July 2019

02 September 2019, Published under Cement News

Pakistan's cement industry dispatches in July, the first month of the FY19-20, fell to 3.5Mt from 3.6Mt in July 2018. This translates to a decline of 2.8 per cent, primarily due to a slowdown in domestic demand as the economy contracts rapidly owing to policies targeting runaway budget deficit and the current account gap, says local media. The industry's capacity utilisation also reportedly dropped to 70 per cent from the average levels of 85 per cent. Industry observations show it is ...

Clinker vessel salvage delay

30 August 2019, Published under Cement News

A vessel carrying clinker which capsized in the Meghan River at Birbir, Bangaldesh on Tuesday could not be immediately salvaged. The MV Tanvir Tousib-2 was anchored at Birbir on the high-tide but was struck by another vessel, the Bashundhara Food-1. The MV Tanvir Tousib-2 was carrying clinker to Dhaka. The cost of the loss could be as much as BDT200m (US$2.36m) according to Khairul Alam, master of the ship. Attempts to salvage the ship were due to be attempted on Wednesday evening.

Bangladesh revises export target for cement in FY20

27 August 2019, Published under Cement News

The Bangladesh Export Promotion Bureau (EPB) has set an export target for cement industry at US$10.50m for financial year 2019-20 (July 2019-June 2020) compared to US$14m, earmarked for the previous fiscal year. This target has been revised downward by 25 per cent, due to growing demand in the country as well as competition. The number of big construction projects and GDP of Bangladesh are constantly growing, thus government has changed the target, industry observed. The export value for c...

Bangladesh revises export target for cement in FY20

27 August 2019, Published under Cement News

The Bangladesh Export Promotion Bureau (EPB) has set an export target for cement industry at US$10.50m for financial year 2019-20 (July 2019-June 2020) compared to US$14m, earmarked for the previous fiscal year. This target has been revised downward by 25 per cent, due to growing demand in the country as well as competition. The number of big construction projects and GDP of Bangladesh are constantly growing, thus government has changed the target, industry observed. The export value for c...

Pakistan cement production drops in FY19

27 August 2019, Published under Cement News

The overall output of large-scale manufacturing industries (LSMIs) decreased by 3.6 per cent for July 2018-June 2019 compared to the year-ago period, according to the Pakistan Federal Bureau of Statistics. The drop in output has also impacted cement production during this period.  Pakistan's cement industry has recorded a three per cent YoY fall in production during the FY18-19 from 41.14Mt to 39.92Mt, reportedly due to a drop in local demand amongst other factors. However, in Jun...

AGMK contracted to supply cement to Afghanistan

16 August 2019, Published under Cement News

Uzbekistan’s Almalyk Mining and Metallurgical Combine (AGMK) plans to ship several batches of cement to Afghanistan by the end of the year, after signing a number of supply contracts in July. The cement will reportedly be used for the construction of infrastructure and social facilities in the country, according to the company. The deliveries will be made from its Jizzakh and Sherabad plants. "The interest of Afghan companies in domestic cement is due to several factors. First, Sherabad c...

Saudi Arabia to reimpose cement export fees

29 July 2019, Published under Cement News

After two-years of freezing cement and steel export fees, Saudi Arabia will begin levying fees on cement leaving the country in a bid to prop up falling oil revenues. The ban on cement exports from Saudi Arabia was lifted in mid-2017 when domestic demand slumped and cement stocks rose. Fees on cement exports were cut by 50 per cent over the last two years. However, Trade and Industry Ministry spokesman, Abdul Rahman Hussein, said: "The Ministry will shortly resume levying fees on steel a...