Cement News tagged under: Trading

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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.

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.

Cementos Pacasmayo begins terminal operations

25 August 2020, Published under Cement News

Peru’s Cementos Pacasmayo has resumed operations from the port terminal of Yurimaguas, Loreto, distributing 60,000 bags of cement to Iquitos. The company operates in the port through its subsidiary, Cementos Selva, which has a 4.9Mta plant in Rioja. The operations were launched in mid-August with the arrival of several vessels, which will set sail for Iquitos while complying with all COVID-19 safety protocols.

Pakistan cement industry earns good export revenue during July

24 August 2020, Published under Cement News

Pakistan's Federal Bureau of Statistics (FBS) has released cement export data for July 2020 (FY20-21). During this period, the industry earned good export revenue as the both value and quantity of cement exports increased on a MoM basis, but shows a mixed trend when compared with the YoY basis. Pakistan's total exports (all commodities) increased by 25.1 per cent during July 2020 to US$2bn against US$1.59bn in June 2020, the PBS data revealed. Pakistan's cement industry earned US$22.92m of...

Uzbekistan reports lower construction material imports

24 August 2020, Published under Cement News

Uzbekistan saw construction material imports decline 20.9 per cent YoY to US$592.2m in the first half of 2020, according to the State Statistics Committee. The most noticeable decrease was seen in cement imports, which declined by more than 2.2 times to US$48.4m. However, the volume of construction work carried out in the country increased by 5.7 per cent compared to the 1H19. There are also plans to bring the production of cement to 14.5Mt in Uzbekistan and significantly increase its p...