Cement News tagged under: Trading

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Annaba port exports 300,000t clinker in 2020

28 December 2020, Published under Cement News

The port of Annaba in Algeria has exported 300,000t of clinker to several African countries since the start of 2020. Furthermore, by improving port services and supporting exporters through a modern logistics service, the port plans to increase the volume of clinker exports in 2021. The port company plans to build covered spaces for the storage of export clinker and acquire modern loading and unloading equipment with a capacity of 1800tph. Exporters plan to export around 900,000t of cl...

Pakistan look to resume cement exports to South Africa

16 December 2020, Published under Cement News

Pakistan's Intermarket Securities Ltd has reported that cement manufacturers are hopeful that exports to South African might resume soon as anti-dumping duties expire on 17 December 2020. Earlier, the International Trade Administration Commission (ITAC) of South Africa has issued a notice announcing the start of a review on the anti-dumping duties as their five-year term is set to expire.   South Africa's anti-dumping duties, which range from 14-77 per cent, were imposed in 2015 on Paki...

Hail Cement to repay outstanding loan amount

16 December 2020, Published under Cement News

Hail Cement said its Board of Directors decided on 15 December 2020, to pay early and in full the balance amount of the loan from the Saudi Industrial Development Fund (SIDF). The amount of SAR152m (US$40.53m) is what is left from the original loan amount of SAR300m. A total of SAR148mis has already been repaid, the firm said in a statement.  The financial impact will be reflected in the statements for the year ending 31 December 2020.

DTI reviews cement import duty

08 December 2020, Published under Cement News

The Philippines’ Department of Trade and Industry (DTI) has ordered that, for the second year of the three-year implementation period of the safeguard measure against imported cement, a PHP9.80 (US$0.2) duty will be imposed on every 40kg bag of imported cement or PHP245/t. The second-year duty covers cement imports from various countries from 22 October 2020 to 21 October 2021, according to the Manila Bulletin. For the first year, the DTI imposed a safeguard duty of PHP10/40kg bag and ...

Pakistan shows healthy dispatches in November 2020

07 December 2020, Published under Cement News

Pakistan's cement industry dispatched 4.508Mt domestically and overseas in November 2020, recording a growth of 4.2 per cent on a YoY basis, according to the All Pakistan Cement Manufacturers Association (APCMA).   Out of the total dispatches, the local share increased by 6.3 per cent to 3.742Mt from 3.521Mt in November 2019, while exports registered a reduction of five per cent to 766,273t from 806,521t. This was the first instance of decreasing exports during the current fiscal. ...

Cement export revenue falls during 5MFY20-21 in Bangladesh

07 December 2020, Published under Cement News

Bangladesh's cement industry has earned export revenue of US$2.82m in the five-month period of July-November 2020 (5MFY20-21), compared to US$4.08m in the year-ago period, a fall of 30.9 per cent YoY. The figure also includes a minor amount of salt, stone and related products, according to the Bangladesh Export Promotion Bureau (EPB) data.   The export value for cement decreased by 28.4 per cent, underperforming when compared with the government target set for the period. ...

Cement imports pile up at Karachi Port

02 December 2020, Published under Cement News

Cement is quickly building up at the entrance to Karachi Port, as many of the deep-draught berths at the port are currently occupied by wheat-importing vessels. Consequently, cement exporters are suffering huge financial losses from the costs incurred from detention, demurrage and delays to offloading their goods. In a letter to the maritime affairs minister, Power Cement CEO, Kashif Habib, stated that all three deep- draught berths available at Karachi Port are occupied. "Due to slow...

Turkish cement exports to Turkmenistan rise by 79% in 9M20

01 December 2020, Published under Cement News

Cement exports from Turkey to Turkmenistan increased by 79.1 per cent from January through September 2020, compared to the same period in 2019, amounting to US$14.8m, the Turkish Trade Ministry reported. In September 2020 cement exports from Turkey to Turkmenistan fell by 1.6 per cent compared to September 2019 and amounted to US$1.4m. In the same month,  Turkey exported US$344.6m worth of cement to world markets, which is 13.4 per cent more than in the same month of 2019. Over the...

GICA to export clinker to Dominican Republic and Haiti

25 November 2020, Published under Cement News

GICA will export 41,000t of clinker to the Dominican Republic and Haiti as it seeks new markets in Latin America, the company announced in a statement sent to EFE. It will also ship 60,000t of clinker to Côte d’Ivoire from the Hadjar Soud plant in Skikda. Since the start of 2020 close to 2Mt of clinker has been exported, including 300,000t to the Latin American market. In the last two years, GICA has entered the African markets of Benin, Cameroon, Côte d’Ivoire, Gambia, Ghana, Guinea, ...

Pakistan's exports surge in October

24 November 2020, Published under Cement News

Pakistan’s cement industry earned a revenue of US$105.54m from exporting 3.23Mt of cement and clinker in the 4MFY20-21, compared with US$94.4m from 2.437Mt of exports in the year-ago period, according to the Federal Bureau of Statistics (FBS). The dispatches represent an 11.8 per cent YoY increase in dollar value terms and a 32.5 per cent growth in quantity. In October 2020 exports were up 24.8 per cent MoM to 1.023Mt from 820,107t in September. Revenue from exports also increased 19.7 pe...