Cement News tagged under: trade

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Costa Rica considers imposing 5% cement tax on net sale price

09 March 2018, Published under Cement News

The Costa Rican Legislative Assembly is to discuss proposing a five per cent tax on imported and locally-produced cement. The bill establishes that "… the tax on cement produced within the national territory or imported, will be of five per cent (5%) on the net sale price, both in the case of the national producer at the level of the production plant and for the importer at the level of the dispatch or storage site, excluding the corresponding sales or value-added tax, as well as any other...

Industry sales in Pakistan grow by 4% in 1HFY18

05 March 2018, Published under Cement News

The profitability of the cement sector in Pakistan has contracted in the 1HFY18, falling 13 per cent YoY to PKR26.85bn (US$258.4m). This has been attributed to both an increase in the international coal prices and a lower cement retention cost. In the 1HFY18, industry sales grew by four per cent YoY to PKR134.03bn, while cement dispatches recorded a growth of 12 per cent to 19.6Mt. However, this did not result in the topline growth of the sector due to a lower retention price in the north...

Price rise granted for INSEE and Tokyo Cement

05 March 2018, Published under Cement News

The Sri Lanka Consumer Affairs Authority (CAA) today (Monday) has allowed INSEE Cement (formerly Holcim Lanka) and Tokyo Cement to increase the price of a 50kg bag of cement by LKR3 (US$0.019) with effect from last Wednesday, reports the Sri Lankan Sunday Times. The Ministry of Industry and Commerce had given consent to the two companies to increase the cement price subject to the approval of the CAA. INSEE and Tokyo Cement had requested to increase the price, citing high costs of importe...

Cement price increase in north Pakistan

01 March 2018, Published under Cement News

Cement retail prices in northern Pakistan have increased by PKR10/bag (US$0.09), due to increase in demand, high capacity utilisation (close to 100 per cent in the north) and increase in coal prices, says a report of a local research house.   As a result, retail prices in Punjab have now risen to PKR515/bag (US$4.6/bag) while those in Khyber Pakhtunkhwa (KPK) are now back to PKR500. Analyst discussions with the management of cement companies suggest that they want to gradually increase...

Pakistan exports fall in 7MFY17-18

23 February 2018, Published under Cement News

Pakistani cement exports during the first seven months of current financial year, July 2017-January 2018, recorded a fall of 15.4 per cent in volume and 18.7 per cent by value in dollars, says data released by Pakistan's Federal Bureau of Statistics. Pakistan exported 2.71Mt of cement and earned export revenue of US$136.46m between July 2017-January 2018, compared to 3.21Mt at US$167.9m in corresponding months of last fiscal year. Volumes fell by 15.4 per cent and in terms of doll...

Caribbean Cement to restart exports

21 February 2018, Published under Cement News

Caribbean Cement expects to restart cement exports following the completion of its US$50m modernisation programme. The programme also includes the commissioning of a new coal mill scheduled for the second quarter of this year, upgrades to both cement mills, a new packing line, and the upgrade and replacement of conveyor belts and dust collectors to boost production to 1.2Mta. Peter Donkersloot, Caribbean Cement's general manager, said: "It must be noted that every step has been taken to e...

Pakistan's producers plead for import duty rise

01 February 2018, Published under Cement News

The cement industry has urged Pakistan's government to increase custom duty on import of clinker to support the local manufacturers, as exports continue to decline. The industry asks that importers register themselves with Pakistan Standards and Quality Control Authority (PSQCA) to certify the quality of their cement in line with the Indian government as well as all other importing countries' authorities. High government energy levies have encouraged some unscrupulous elements to smu...

Tajikistan and Pakistan discuss ways to improve trade relations

01 December 2017, Published under Cement News

Representatives from Tajikistan and Pakistan have discussed ways to improve trade relations for the mutual benefit of both countries, with the cement industry identified as a potential area of cooperation. Jononov Sherali, Ambassador of Tajikistan, said that the geographical locations of both countries offer as-yet untapped opportunities for working together, during a meeting with the Islamabad Chamber of Commerce and Industry. Mr Sherali also commented on how Pakistan could become on...

DR Congo slaps ban on cement imports

23 October 2017, Published under Cement News

The Ministry of External Trade in the Democratic Republic of Congo (DRC) has imposed an import ban on a selection of goods, Including cement which is expected to impact on Zambian cement producers. A circular dated 25 August 2017 and signed by Minister of External Trade Jean-Lucien Bussa Tongba, included cement on this list of products, reports the Zambia Daily Mail Ltd. The ban is meant to protect local industries, as well as to curb fraud and other illegal practices in the importation...

Pakistan export revenue declines 15% in 2MFY17

09 October 2017, Published under Cement News

The Pakistan cement industry export revenue during the first two months of current financial year (July-Aug 2017) recorded a fall of 14.86 per cent and 13.9 per cent i n terms of value in dollar and quantity, respectively on YoY basis , while mixed trends were also observed on a MoM basis, says data released by Federal Bureau of Statistics, Pakistan Government. The country exported 871,434t of cement and earned export revenue of US$44.92m in July-August 2017 compared to 1Mt at US$52.77m i...