Cement News tagged under: trade

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China Tianrui Group Cement enters into new clinker supply agreement

17 October 2019, Published under Cement News

China Tianrui Group Cement has entered into a new clinker supply framework agreement with Ruiping Shilong, which will remain active until 31 December 2021. While an existing clinker supply agreement for the same term has been active since 1 April 2019, the company has stated that the actual transaction amount may exceed the proposed annual cap. Therefore, the new agreement will supersede the previous arrangement.

Pakistan's exports to India fall 41% in FY19

08 October 2019, Published under Cement News

Pakistan’s cement exports to India fell 41 per cent to 0.716Mt in the FY19 ended 30 June, with no exports to the country taking place between March-September. The decline is the result of a 200 per cent duty set by the Indian government, according to The Daily Times. Furthermore, revenue from overall exports declined 13.2 per cent YoY to US$42.15m in the first two months of the current fiscal year.

Cement export from Bangladesh shrinks

08 October 2019, Published under Cement News

According to Bangladesh Export Promotion Bureau (EPB), Bangladesh's cement industry has earned US$2.37m during July-September 2019 (1QFY19-20) compared to US$3.17m earned in same period last year. This translates a fall of 25.2 per cent YoY basis. The export figure also includes a minor amount of salt, stone and related products. The export value for cement fell 5.2 per cent below the target of US$2.5m, set by the government for first three months of FY19-20. The EPB has set an export tar...

Pakistan cement exports shrink in July and August 2019

25 September 2019, Published under Cement News

Pakistan's cement industry earned foreign exchange revenue of US$16.74m by exporting 391,548t of cement in August 2019, compared to US$25.4m from exporting 593,525t of cement in previous month, says the country's Federal Bureau of Statistics. This converted to a fall of 34.1 per cent and 34 per cent in terms of value and quantity, respectively MoM.   When compared with the figure of August 2018, earnings of US$27.6m from 627,405t of cement – it translates to a YoY fall of 39.3 per cent in fo...

Sri Lankan minister deplores political border tax policy on cement

18 September 2019, Published under Cement News

Sri Lanka's finance minister, Mangala Samaraweera, has spoken out against the country's cement prices being higher than more developed markets in south Asia, requesting that the border tax policy needs to be depoliticised to benefit consumers. "Our export sector has been crippled by para-tariffs caused by businessmen influencing politicians," Mr Samaraweera told the opening of the Ceylon Chamber of Commerce Economic Summit. "This has also led to large increases in prices. For example, last...

Emerging Senegal

10 September 2019, Published under Cement News

Senegal, home to one of west Africa’s largest cement industries, is a nation on the rise. Long-term political stability has resulted in sustained economic growth. Looking ahead, President Macky Sall’s government is pursuing an ambitious development strategy supported by important new oil and gas investments. This will help to ensure domestic cement demand is able to sustain the cement industry and its three integrated producers. Robust growth in Senegal’s cement demand is expected to ...

Cement prices in Punjab rise after trade suspension

03 September 2019, Published under Cement News

After the suspension of trade between India and Pakistan on 10 August, the price of cement in Punjab has increased by almost INR100/bag (US$1.38/bag), according to the Hindustan Times. Therefore, the price of a cement bag has risen from INR260-275 to INR360-375. "Since Pakistan suspended trade with India, comparatively cheaper Pakistani cement has triggered a price rise in the domestically manufactured cement," said MPS Chatha, president of the All India Cement Importers Association. Befo...

Caribbean Cement Co exports clinker to Haiti for the first time

03 September 2019, Published under Cement News

Jamaica’s Caribbean Cement Co has exported clinker to Haiti for the first time, according to the Jamaica Observer. The 7500t shipment became possible due to excess production at the company’s plant in Kingston. The operations of the plant have been upgraded over the past four years with an investment of JMD4bn (US$162m) in capital expenditure and JMD500m in training, health and safety, and improving the plant's environment. The company has already exported 14,300t of clinker to Trinidad ...

Uzbekistan's cement imports rise 32% in 7M19

02 September 2019, Published under Cement News

In the first seven months of 2019, Uzbekistan has recorded a 32.3 per cent YoY increase in cement imports at a total value of US$105.6m, according to the State Statistics Committee of Uzbekistan. In the overall structure of building material imports, the share of cement has increased to 14.1 per cent. However, domestic cement production also rose 17.6 per cent to 5.399Mt in January-July 2019, compared with 4.69Mt in the year-ago period. Next month Uzbekistan is set to abolish the customs...

Pakistan's cement dispatches fall in July 2019

02 September 2019, Published under Cement News

Pakistan's cement industry dispatches in July, the first month of the FY19-20, fell to 3.5Mt from 3.6Mt in July 2018. This translates to a decline of 2.8 per cent, primarily due to a slowdown in domestic demand as the economy contracts rapidly owing to policies targeting runaway budget deficit and the current account gap, says local media. The industry's capacity utilisation also reportedly dropped to 70 per cent from the average levels of 85 per cent. Industry observations show it is ...