Cement News tagged under: exports
Margins affected by 10% super tax08 August 2022, Published under Cement NewsPakistan cement companies listed on the Pakistan Stock Exchange (PSX) are scheduled to announce their financial results for FY21-22 in August-September. The cement industry has fingers crossed to see their top line, which is likely to be impacted by the government's imposition of a one-time surcharge on the previous year's income. The Inter Market Securities Ltd estimated that higher tax and interest would chop earnings of the top seven companies. IMS Cement Universe's (comprising Lucky ... |
Pakistan cement dispatches dwindle in July 202203 August 2022, Published under Cement NewsPakistan dispatched a 2.039Mt of cement during July 2022, down 47.7 per cent from 3.899Mt during the same month of the last fiscal year. According to the data released by the APCMA, local cement dispatches by the industry during July 2022 were 1.88Mt compared to 3.44Mt in July 2021, showing a decline of 45.3 per cent. Export dispatches also suffered a massive decrease of 66.1 per cent as the volumes reduced from 452,777t in July 2021 to 153,517t in July 2022. As a result, capacity ut... |
Italy’s cement output down in May 202201 August 2022, Published under Cement NewsCement production declined by eight per cent in May 2022 when compared to May 2021, when compared with the 2015 base index, output increased to 104, according to Federbeton. The price of cement increased to 186 when compared with its 2015 base index. When compared with May 2022 the price rose by 49 per cent in May 2022. Cement imports into Italy advanced by 23 per cent YoY to 157,924t in April 2022. In terms of CIF value, imports stood at EUR11.172m, or EUR71/t. In the first four months of... |
Pakistan to report weaker cement dispatches in July 202201 August 2022, Published under Cement NewsPakistan's two leading research houses, AHL Research and Topline Securities, while taking account of provisional cement data of July 2022, the first month of the FY22-23, depict a considerable decline in local/export sales due to the Eid holidays, monsoon rains across the country, and a fall in land and sea routes dispatches. However, the All Pakistan Cement Manufacturer Association (APCMA) is yet to release official data in the first week of next month. According to a report by AHL Rese... |
Song Lam Cement exports 2.28Mt of cement in 1H2227 July 2022, Published under Cement NewsVietnam-based Song Lam Cement JSC , part of the Vissai Group , exported 2.28Mt of cement in the first half of 2022, according to local media. The Philippines was the largest off-taker of Song Lam cement, importing 713,000t. Other sizeable volumes were bought by China (640,000t) and the USA (628,500t). A further 101,000t was shipped to France and 5000t to Singapore. In terms of production, Song Lam Cement produced 2.53Mt of clinker and 2.84Mt of cement in the 1H22. The company achieved... |
Spanish 1H22 cement demand stable, exports down25 July 2022, Published under Cement NewsCement consumption in Spain remained stable in June, registering a -0.1 per cent slip when compared to June 2021, according to the Spanish cement association, Oficemen. In the first six months of 2022, demand increased by 2.5 per cent to 7,487,569t, but exports were down 21 per cent YoY to 2,908,877t. Going forward, Oficemen expressed concern about the economic context of rising interest rates and high inflation, indicating a possible recession. In addition, it appealed to the governme... |
FY22 ends with mixed export dispatches from Pakistan20 July 2022, Published under Cement NewsThe Federal Bureau of Statistics (FBS) of Pakistan has released cement export data for July 2021-June 2022. Both value and quantity of exports plummeted during this period when compared with the equivalent months in FY20-21, apparently due to local and external issues. Pakistan's cement industry in 12MFY21-22 earned US$223.99m of export revenue by dispatching 5.733Mt of cement and clinker overseas, compared to US$267.91m from 7.815Mt of exports in the year-ago period. The export figures... |
Iranian cement market remains stable20 July 2022, Published under Cement NewsCement demand in Iran reached 5.8Mt in June 2022, edging up slightly when compared with 5.78Mt of cement sold in June 2021. Iranian cement plants produced 6.6Mt of clinker and 5.58Mt of cement in June 2022. Clinker output slipped by 2.2 per cent from 0.63Mt in June 2021 while cement output declined by 7.3 per cent YoY. In addition to supplying the domestic market, they exported 0.93Mt of clinker, up 47.6 per cent YoY, and 0.36Mt of cement, which remained stable when compared with June 20... |
Vietnamese market sees 4% contraction in June19 July 2022, Published under Cement NewsDomestic cement dispatches in Vietnam slipped one per cent MoM and four per cent YoY to 5.590Mt in June 2022, according to the Vietnam National Cement Association (VNCA). Of this total VICEM deliveries delivered 1.922Mt – up four per cent YoY but down two per cent MoM, while other VNCA members supplied 1.373Mt, seeing their sales slip by four per cent YoY and one per cent MoM. Vietnam’s other cement companies reported stable sales of 2.295Mt, when compared with last month, but YoY sales were... |
Peru's cement market expands 4% in June18 July 2022, Published under Cement NewsCement consumption in Peru increased four per cent to 1.126Mt in June 2022 from 1.08Mt in June 2021, according to Asocem, the country’s cement association. Of this total, 1.067Mt was dispatched by Asocem members – representing a slight increase when compared with 1Mt in June 2021. Cement production from Asocem members advanced seven per cent YoY to 1.079Mt in June 2022 from 1.007Mt in June 2021. Clinker output was up nine per cent to 0.9Mt in June 2022 from 0.824Mt in June 2021. Asocem m... |