Cement News tagged under: trade
Sri Lankan minister deplores political border tax policy on cement18 September 2019, Published under Cement NewsSri 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 Senegal10 September 2019, Published under Cement NewsSenegal, 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 suspension03 September 2019, Published under Cement NewsAfter 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 time03 September 2019, Published under Cement NewsJamaica’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 7M1902 September 2019, Published under Cement NewsIn 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 201902 September 2019, Published under Cement NewsPakistan'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 ... |
Pakistan cement production drops in FY1927 August 2019, Published under Cement NewsThe overall output of large-scale manufacturing industries (LSMIs) decreased by 3.6 per cent for July 2018-June 2019 compared to the year-ago period, according to the Pakistan Federal Bureau of Statistics. The drop in output has also impacted cement production during this period. Pakistan's cement industry has recorded a three per cent YoY fall in production during the FY18-19 from 41.14Mt to 39.92Mt, reportedly due to a drop in local demand amongst other factors. However, in Jun... |
Foreign cement vessel yet to be salvaged in Sri Lanka29 July 2019, Published under Cement NewsThe general cargo vessel Sri Lanka Glory, which brought cement clinker to Sri Lanka and later ran aground at Rumassala, Galle, southern Sri Lanka, due to inclement weather last week, is yet to be salvaged. The vessel met adverse weather after offloading clinker for a local cement plant and anchoring at the outer harbour. The Indian owner of the vessel is likely to send a group of marine experts to Sri Lanka soon to explore the possibilities of salvaging the vessel. Earlier, according to... |
Pakistan's export revenue rises during 11MFY1928 June 2019, Published under Cement NewsPakistan's cement export revenue for the first 11 months of the current July 2018-May 2019 fiscal recorded a YoY growth of 26 per cent and 46.2 per cent in terms of dollar value and quantity, respectively, according to Pakistan's Bureau of Statistics (PBS). The country's cement industry earned foreign exchange revenues of US$260.16m by exporting 6.12Mt of cement and clinker during the 11MFY18-19, compared to US$206.52m at 4.19Mt in the same period last year. In terms of export value in Pa... |
Pakistan FY19 may end on mixed results29 May 2019, Published under Cement NewsPakistani research house Insight Securities forecasts that in FY18-19 (July 2018-June 2019), domestic sales will fall 5.6 per cent to 38.8Mt (-10.2 per cent in the north but a rise of +16.3 per cent in the south). Exports, on the other hand, may grow 39 per cent to 6.6Mt (-21.9 per cent in the north, but +151.4 per cent in the south). Analysts of Insight Securities have also pointed out that cement demand, which started weakening in March-June 2018 quarter is likely to move ahead furth... |