Cement News tagged under: trade

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India raises cement import duties to stop Pakistan shipments

20 February 2019, Published under Cement News

Pakistani exports of cement to India have been suspended, due to growing tension between Islamabad and Delhi over a recent terrorist attack in Pulwama, in Jammu and Kashmir, India. India has de-listed Pakistan from the status of 'Most-Favoured Nation' and increased import duty by 200 per cent on all imports from Pakistan, including cement and reportedly suspension of trade from border for the last few days.   Meanwhile, according to a private TV channel, "around 300 trucks carrying ceme...

Exports from Pakistan during 7MFY19 improve

19 February 2019, Published under Cement News

The Pakistan cement industry is facing a domestic drop in cement demand, but export data for 7MFY19 show overseas sales have been strong. Experts believe that with domestic demand experiencing a dip, cement manufacturers have been selling off their surplus inventory to regional markets perhaps with a cut to their margins.   Pakistan's cement industry received foreign exchange revenue of US$27.34m by exporting 655,317t of cement during the month of January 2019, compared to US$25.89m at 624,...

Cement production falls on MoM and YoY basis during 6MFY19

18 February 2019, Published under Cement News

Pakistan Bureau of Statistics (PBS) has released numbers of quantum index of the Large Scale Manufacturing Industries (LSMI) for 6MFY18-19. The overall output of LSMI fell by 1.5 per cent for July-December 2018 compared to July-December 2017. Similarly, the LSMI output decreased by 10.2 per cent for December 2018 compared to December 2017 and increased by 2.5 per cent if compared to November 2018.   Production in July-December 2018 as compared to July-December 2017 has significantly decreas...

Pakistan exports of cement to India expected to fall

18 February 2019, Published under Cement News

Pakistan cement exports to India are likely to be affected following the Indian government's announcement to scrap the 'Most-Favoured Nation' status to Pakistan, after an attack on Indian forces in Pulwama , Jammu and Kashmir, India, recently.   According to Al Habib Capital Markets, Pakistan's cement exports are expected to suffer most due to this unwanted tension between India and Pakistan. During 7MFY19 Pakistan's total cement exports stood at ~2.876Mt, up four per cent, YoY, of which c...

Pakistan's cement sector contracts by 1% in 1QFY19

30 January 2019, Published under Cement News

The State Bank of Pakistan on Tuesday released its first quarterly report on the State of Pakistan’s economy for FY19. According to the report, the overall macroeconomic environment remained challenging during the first quarter of FY19 as suggested by the preliminary data. It pointed out that the 6.2 per cent target for real GDP growth seems unachievable with the policy focus now tilted towards macroeconomic stabilisation.  The cement sector's output contracted by 1.4 per cent in 1QFY19 a...

Fiji receives clinker imports from Japan

23 January 2019, Published under Cement News

The Tasman Sea, a bulk carrier registered under a Hong Kong flag, docked at Lautoka Port to off-load clinker for the Tengy Cement Factory in Naikabula  and is expected to arrive in Suva next week for its factory in Veisari, Lami. Fiji has been experiencing a shortage of cement and the delivery will help increase production. This is the second delivery that the Tasman Sea has made to Fiji. Local shipping agency Transam Fiji Ltd operations manager, Madulesh Lakhan, said that the vess...

Pakistan cement exported 0.625Mt of cement in December 2018

23 January 2019, Published under Cement News

Pakistan's cement industry received foreign exchange revenue of US$25.89m by exporting 624,714t of cement during the month of December 2018, compared to US$26.77m at 635,192t in the previous month. This shows a fall of 3.3 per cent and 1.7 per cent in terms of value and quantity, respectively, according to the Federal Bureau of Statistics. However, if compared to December 2017 (293,890t at US$14.54m), it translates to an increase of 78 per cent in foreign currency earnings and 112.6 per ce...

Pakistan cement companies expect mixed results for 6MFY19

14 January 2019, Published under Cement News

Pakistan cement companies are scheduled to announce their financial results for the second quarter and six months of FY18-19 in coming months. Top cement companies are expected to post a growth of over two per cent QoQ, or 37 per cent YoY decline for 1HFY19. According to a research report of IGI Finex Securities Ltd, based on provisional numbers, volumetric sales depict a modest four per cent YoY growth during 1HFY19, primarily owing to healthy exports growth of 48 per cent YoY, while loca...

APCMA cement dispatch data for 6MFY18/19

07 January 2019, Published under Cement News

All Pakistan Cement Manufacturers Association (APCMA) has released dispatches data for 6MFY18-19, which shows mixed sales. Local dispatches contracted and export swelled during July-Dec 2018. Domestic cement dispatches declined in the first six months of FY18-19 by 1.4 per cent as compared to same period last year, which is the first drop in the last nine years. However, a surge in exports of 48 per cent in the first six months of this financial year, when compared to last year, increased...

Rock Hard Cement loses import tariff judgement

19 December 2018, Published under Cement News

The Caribbean Court of Justice (CCJ) has ruled in favour of Trinidad Cement Ltd (TCL) and Arawak Cement Ltd over their dispute with importer Rock Hard Cement to have the tariff remain at 60 per cent for imported hydraulic cement to Barbados, rather than being lowered to five per cent. The court is still to determine the classification guidelines for hydraulic cement that Rock Cement imports for its local operations in Barbados.