Cement News tagged under: exports
Pakistan: positive expectations for FY1802 July 2018, Published under Cement NewsThe Pakistan cement industry is likely to wrap up FY18 on a positive note. Provisional data show that cement dispatches for June 2018 increased three per cent YoY to 2.81Mt, when compared with 2.73Mt in June 2017, according to a report of IGI Finex Securities Ltd. This brings FY18 dispatches to date to 45.72Mt, up 13 per cent YoY. In the equivalent period of FY17, deliveries reached 40.32Mt. However, MoM a fall of 28 per cent was noted, which was mainly attributed to the holy month of Ram... |
GICA plans its first export shipment to west Africa02 July 2018, Published under Cement NewsAlgeria’s GICA has signed a maritime contract of carriage with CNAN Nord, a subsidiary of state-run shipping group GATMA, for the company’s first shipment of 10,000t of cement to west Africa. GICA plans to export between 1-1.5Mt of its production in 2018, according to the Ministry of Industry and Mining. |
Vietnam’s cement market expands 29% in June27 June 2018, Published under Cement NewsVietnamese cement producers have sold 8.71Mt in June, up 30 per cent YoY, said the Vietnam Building Material Association. Domestic demand reached 6.91Mt, representing a 29 per cent increase when compared with June 2017, including 2.18Mt sold by Vietnam Cement Industry Corp (Vicem). Exports surged by 35 per cent YoY in June to 1.8Mt. In the 1H18 Vietnam’s total cement sales are estimated to have advanced by 25 per cent YoY to 51.42Mt, or 61 per cent of the 2018 target. Vicem sales reached... |
Pakistan Cement industry export revenue rises 9% in May27 June 2018, Published under Cement NewsAccording to Pakistan's Federal Bureau of Statistics, the Pakistan cement industry earned a foreign exchange revenue of US$20.78m by exporting 446,741t of cement in May 2018 compared to US$19.147m on 404,898t of cement in previous month. This represents a MoM growth of 8.6 per cent and 10.3 per cent in terms of value and quantity, respectively. When compared with the figure of May 2017 – earning US$14.863m on 283,193t of cement – cement exports advanced YoY at 39.9 per cent and 57.8 per cen... |
Uruguayan producers sees 18% rise in sales25 June 2018, Published under Cement NewsTotal cement sales in the 1Q18 in Uruguay totalled 219,000t, representing an increase of 18 per cent YoY. Of this total, 74 per cent were sold in the domestic market while some 26 per cent were exported, according to the Chamber of Industry (CIU). The rise represents the fourth-consecutive quarterly increase in total cement sales following a market contraction that lasted from 2013 to 2017. “Cement sales in Uruguay have a high orientation to the domestic market and in general term... |
Cement output in Pakistan rises in 10MFY17-1820 June 2018, Published under Cement NewsAccording to Pakistan's Federal Bureau of Statistics, the large-scale manufacturing sector posted 6.13 per cent growth in the first 10 months of FY17-18 (July 2017-April 2018) as the construction boom continued to drive the consumption of cement and steel, while other sectors also recording growth. Local cement industry production was recorded at 35.015Mt during this period from the 31.116Mt produced in 10M16-17, representing a YoY growth of 12.5 per cent. This trend was also observed in A... |
Peru’s consumption stable in May19 June 2018, Published under Cement NewsPeru’s cement market remained largely stable in May with consumption edging up by 0.6 per cent YoY to 0.778Mt and by 2.5 per cent from 0.759Mt the previous month, according to the latest data by Asocem, the country’s cement association. Peru’s cement production rose 3.4 per cent YoY and four per cent MoM to 0.807Mt in April. Clinker production fell 15.1 per cent to 0.636Mt when compared with April 2018, when output volumes stood at 0.749Mt. However, when compared with May 2017, clinker out... |
Pakistan's cement exports to benefit from PKR depreciation12 June 2018, Published under Cement NewsCement exports from Pakistan are likely to benefit from the Pakistani rupee depreciation against the US dollar as reported in foreign exchange markets. According to Elixir Securities Pakistan, the rupee has depreciated by 3.9 per cent during the day to PKR121 against the greenback, from last week's close of PKR116.5. Historically the local currency has depreciated in spurts, with today's move being the third one to date in FY18, following depreciations in December 2017 and March 2018, taki... |
Maintaining a strong position06 June 2018, Published under Cement NewsFollowing a major overhaul at its plant in Salalah, Oman, Raysut Cement is in good shape to further expand its business internationally. ICR speaks with Joey Ghose, the company’s CEO, about Raysut’s recent capital investments and its plans to gain additional market share both at home and abroad. Joey Ghose, CEO of Raysut Cement Co, Oman ICR: When was Raysut Cement Co established and what is the extent of the company’s activities in Oman today? Joey Ghose (JG): Raysut Cement ... |
Argentina’s market demand falls 4% YoY in May06 June 2018, Published under Cement NewsArgentine cement consumption decreased by 4.4 per cent to 924,979t in May 2018, according to AFCP, the country’s cement association. When compared with the previous month, demand contracted by 3.5 per cent from 958,184t in April. Of this total, the domestic industry supplied 924,425t, three per cent less MoM, while imports fell from 5160t in April to 554t as Argentina’s producers recovered market share. Compared with May 2017, Argentina’s producers saw their domestic sales ease by 3.9 per... |