Cement News tagged under: Trading
Cement exports from Bangladesh continue to fall in 1HFY19-2013 January 2020, Published under Cement NewsBangladesh'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 industry10 January 2020, Published under Cement NewsPakistan'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 industry09 January 2020, Published under Cement NewsThe 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 NewsIran 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 vessel06 January 2020, Published under Cement NewsThe 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 ... |
Clinker exports lead in export during 5MFY19/2002 January 2020, Published under Cement NewsPakistan overseas export of cement and clinker saw a healthy growth of 21.5 per cent during the first five months of FY19-20 (July-November 2019) to 3.608Mt from 2.97Mt in the year-ago period. The country exported 1.657Mt of clinker out of a total of 3.608Mt of cement/clinker in 5MFY19-20 as compared to 800,773t of clinker out of total 2.97Mt of cement/clinker in 5MFY18-19, according to All Pakistan Cement Manufacturers Association (APCMA). Pakistan exported 1.157Mt of cement to Afghanist... |
Paraguayan companies import increasing cement volumes27 December 2019, Published under Cement NewsSeveral companies in Paraguay have increased the volume of cement imports from 1000tpm to 6000tpd due to the cement supply shortage in the Latin American country, according to ABC Color. Cement imports increased from 25,000t to 45,000t between July and November 2019, said a recent report from the Ministry of Industry and Commerce. However, in October and November companies doubled the volume of their purchases, said the Paraguayan news outlet. For example, Hierropar reportedly is importi... |
Bangladesh cuts AIT to 3%24 December 2019, Published under Cement NewsBangladesh’s government has reduced the rate of advance income tax (AIT) on the import of cement raw materials from five to three per cent, according to The Financial Express. The National Board of Revenue issued a statutory regulatory order following a demand by cement producers, who had demanded a full waiver of AIT. "The cut reflects that the government has realised the problem of the sector," Bangladesh Cement Manufacturers Association (BCMA) President, Mohammed Alamgir Kabir, said i... |
Pakistan continues to earns mixed revenue in 5MFY2019 December 2019, Published under Cement NewsPakistan's cement industry earned foreign exchange revenue of US$124.2m by exporting 3.246Mt of cement and clinker between July and November 2019, compared to US$131.11m from exporting 3.046Mt of cement and clinker in same months last year, says the country's Federal Bureau of Statistics. This translates a YoY fall of 5.3 per cent in terms of dollar value but a growth of 6.6 per cent in terms of quantity in first five months of current financial year. However, in local currency terms, the e... |
Indonesian exports advance 15% in November18 December 2019, Published under Cement NewsCement and clinker exports from Indonesia rose 15.4 per cent to 648,354t in November 2019, according to figures published by Semen Indonesia. In November 2018 exports totalled 561,950t. Cement exports fell 6.1 per cent YoY to 129,621t in November when compared with 138,079t in November 2018. However, the decline was offset by a 22.4 per cent rise in clinker exports. In November 2019 clinker exports advanced to 518,733t from 423,871t in the previous year. January-November 2019 Total exp... |