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Cement prices receding in Pakistan

03 February 2020, Published under Cement News

Cement prices in the northern region of Pakistan are starting to soften on account of various reasons observed the local research house Intermarket Securities Ltd.   Cement prices in the northern region have declined from its recent peak of PKR535/bag (US$3.46) (December 2019) to below PKR450/bag in some markets. The main reason behind this slide is reduced demand in the winter season while new capacities have been added rapidly (three new units of cumulative 8.5Mta added in the north in the...

Economic activity is strengthening in Pakistan

29 January 2020, Published under Cement News

Pakistan State Bank has stated that data of 1HFY20 for large scale manufacturing (LSM) indicates that economic activity is strengthening in export-oriented and import-competing industries, including gains in cement, while inward-oriented industries continue to slow.   This was shared at a central bank meeting on 28 January 2020, when the Monetary Policy Committee (MPC) decided to keep the policy rate unchanged at 13.25 per cent for coming two months. The decision reflected the MPC's view th...

Amouda Ciment exports 3200t to Niger

28 January 2020, Published under Cement News

In 2019 Algeria-based Amouda Ciment’s El Beida cement plant exported more than 3200t of cement to Niger, according to El Watan. The company’s first export shipment was carried out in August, when it supplied 1400t to Niger and was followed by two deliveries of 400t each in October and November. A further 1000t was exported in December. With a total value of US$340,000, the dispatches were the first exports of the cement plant and the company expects to increase export sales in the coming...

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...