Cement News tagged under: trade
Clinker shipment capsizes in Bay of Bengal10 September 2018, Published under Cement NewsA light vessel carrying 1500t of clinker capsized near Bhasanchar if Noakhali in the Bay of Bengal on 9 September. All 13 members of the MV Sheikh Parvin were rescued, said Mohammed Selim, deputy director of Bangladesh Inland Water Transport Authority, based in Chittagong. The vessel had been bound for Narayanganh and strong currents led to the clinker shipment colliding with another vessel, called the Basundhara-27, that had already run aground. There are several grinding units located i... |
Building west African wealth05 September 2018, Published under Cement NewsWest Africa is a vast region that is attracting foreign investment and infrastructure development at a pace not seen before. The cement industry is part of this fast-growing drive and with new grinding plants being established, clinker and cement exports could become a valuable source of future revenue. Following decades of imports, west Africa is expanding its cement capacity to meet its growing cement demand as the region puts much-needed infrastructure in place to propel its eco... |
Sri Lanka sees 56% rise in May imports28 August 2018, Published under Cement NewsLeading analysts point to a recovery in Sri Lanka's construction sector following a 56 per cent rise in cement imports during May 2018, while domestic production has also increased. Following the 1Q18 contraction in construction of 4.9 per cent, cement imports surged to 633,000t in May 2018, taking the total imports in the first five months to 2.3Mt, which is up 1.5 per cent from a year earlier. Domestic production grew 0.5 per cent to 220,000t in May. However, over the first five months o... |
Bangladesh forsees 11.2% growth in exports FY18/1924 August 2018, Published under Cement NewsBangladesh government has set an export target of US$14m for cement industry for the financial year 2018-19 (June-July) against US$12.59m from last fiscal year. The target is based on an expected growth of 11.20 per cent. According to Bangladesh Export Promotion Bureau (EPB), Bangladesh's cement industry earned export revenues of US$1.09 during July 2018 compared to US$1.04m earned in the year-ago corresponding month. This equates to a 4.81 per cent increase in exports YoY. The export figur... |
Pakistan cement sector's FY19 starts strongly23 August 2018, Published under Cement NewsPakistan cement industry's FY19 started positively in terms of exports with rises in the first month July 2018. According to the Federal Bureau of Statistics, Pakistan's cement industry earned foreign exchange revenue of US$20.96m by exporting 475,134t of cement last month compared to US$16.31m on 369,506t of cement. This reporesented growth of 28.56 per cent and 28.59 per cent in terms of value and quantity respectively on MoM basis. In local currency terms growth of 34.38 per cent was s... |
Rock Hard Distribution Ltd fights back against jurisdiction20 August 2018, Published under Cement NewsThe Customs Committee of the Council for Trade and Economic Development (COTED) has come under fire from Rock Hard Distribution Ltd that says the body has "no jurisdiction" to consider the classification of Rock Hard Cement or any goods under the Common External Tariff. The CARICOM Secretariat had invited Rock Hard Distribution Ltd to a meeting on 15 August in Guyana to discuss the classification of cements, following the dispute over imported hydraulic cement to Barbados. However, a sta... |
Belarus and Russia trade US$400m of cement in 2014-1802 August 2018, Published under Cement NewsThe Belarusian Architecture and Construction Ministry (BACM) has announced that US$400m of cement was traded between Belarus and Russia between 2014-2018. Anatoly Cherny, BACM minister, and Mikhail Skorokhod, president of Eurocement Group, met on Wednesday to discuss 1H18 results and future tasks, according to Belarus Daily News. A bilateral document was signed in 2014 allowing Eurocement to sell Belarusian cement in Russia, fully satisfying the demand for the country’s cement on the Russi... |
Pakistan cement industry earns US$222.84m in 12MFY1826 July 2018, Published under Cement NewsPakistan cement industry observed a positive growth of 0.9 per cent and a contraction of -6.3 per cent in terms of quantity and value in dollars respectively between July and June 2018, according to official government data. According to the Federal Bureau of Statistics, Pakistan's cement industry exported 4.559Mt of cement and earned foreign exchange revenue of US$222.84m during FY18 compared to 4.519Mt of cement at US$237.82m during the last FY17. This shows a growth of 0.9 per cent in... |
Ukraine's ICIT to initiate anti-dumping investigations05 July 2018, Published under Cement NewsOn 4 July 2018, Ukraine's Interdepartmental Commission on International Trade (ICIT) announced the initiation of two anti-dumping investigations into imports of steel and cement. The products being looked at by the investigations include cement originating from Russia, Belarus and Moldova. Both investigations are the latest in a series of Ukraine's probes into and measures against Russian and Belarus exports, but this is the first time when Ukraine called products from Moldova into questio... |
Botswana to restrict cement imports04 July 2018, Published under Cement NewsThe Botswana Government will restrict cement imports from September 2018. According to the Minister of Investment, Trade and Industry, Bogolo Kenewendo, the step is part of the process aimed at stimulating economic activity and job creation. "The proposed restrictions would be done through the issuance of import permit after the importer has submitted evidence that indeed they have satisfied the 70 per cent requirement," Mr Kenewendo said. |