Cement News tagged under: trade
Pakistan's cement industry saw significant export growth in 2MFY23-2420 September 2023, Published under Cement NewsPakistan's cement industry saw significant growth in cement exports, both over land to Kabul and further afield by sea during 2MFY23-24 due to the depreciation of the Pakistani rupee and the falling prices of Afghan and local coal. According to AKD Securities Ltd, cement exports are expected to show growth going forward, driven by the viability of export prices, particularly in light of declining coal prices. IMS Research also believes that exports continue to demonstrate robust growth, p... |
Rising energy price may dent cement business in Pakistan03 August 2023, Published under Cement NewsPakistan's government increased the fuel price in the country on 1 August 2023. Two influential trade organisations, the Federation of Pakistan Chambers of Commerce & Industry (FPCCI) and the Korangi Association of Trade and Industry (KATI), strongly opposed the recent increase in petrol prices, calling for its immediate withdrawal. An increase in transport costs would spike the cement industry's dispatches and raw material transportation costs. FPCCI President, Irfan Iqbal Sheikh, has s... |
Reassessment of raw materials import value demanded28 July 2023, Published under Cement NewsThe Bangladesh Cement Manufacturers Association (BCMA) has urged the government to revisit the assessment value of three raw materials (cement clinker, granulated slag and gypsum) as their prices have fallen in international markets. They asked that the assessment value of cement clinker be reduced from US$60 to US$50t, granulated slag from US$30 to US$26t and gypsum from US$35 to $30t, the BCMA said in a letter to the Chattogram Custom House recently. According to the National Board o... |
Pakistan's cement industry performance in FY22-2314 July 2023, Published under Cement NewsIn FY22-23, Pakistan’s cement industry’s local dispatches were affected by expensive construction (high steel and cement prices), declining consumer buying power and cuts in public sector spending. However, the industry saw some respite in the latter half of the year when exports picked up and the industry sustained profitability. Looking ahead, some relief in the import price of Afghan coal and a fall in prices internationally would bode well for the industry, according to the local media r... |
Coal ash laden vessel sinks in Bangladesh21 June 2023, Published under Cement NewsChittagong Port of Bangladesh has reported that a local vessel carrying coal ash for cement and other industries sank in the Alpha Anchorage area of the port on 14 June. According to local sources, the MV Delower Al Bahar, carrying 800t of coal ash, sank due to hostile weather in the outer anchorage of the Chattogram port. Bangladesh Inland Water Transport Authority officials said the vessel sank after its floor ruptured with crew on board the lighter ship jumping into the sea when it sta... |
Devki Group to boost clinker exports09 June 2023, Published under Cement NewsNational Cement (Devki Group) has announced that it will export up to 80 per cent of the clinker it produces when its new West Pokot plant in Kenya starts production. This will see increased clinker supply to the neighbouring countries of Uganda, Rwanda and Burundi. Uganda's market is starved of clinker production with a capacity of just 1.86Mta, far below its nominal cement capacity of 7.13Mta, according to The Global Cement Report Plant Database (GCR PD). Rwanda's market is similarly defi... |
APCMA reports 19% increase in cement dispatches in May 202305 June 2023, Published under Cement NewsThe All Pakistan Cement Manufacturers Association (APCMA) released more encouraging data for May 2023 than in the previous month of April, which was overshadowed by the season break during Ramadan. The cement representative body is salient about the upward trend. The rise in dispatches has been attributed to increased export and local buying before the announcement of the federal budget as a precaution against measures that would put upward pressure on prices. In addition, falling coal pric... |
Bangladesh’s clinker imports more expensive in new budget FY23-2405 June 2023, Published under Cement NewsBangladesh Minister for Finance, AHM Mustafa Kamal, presented National Budget Speech 2023-24 (July-June) in parliament on 1 June and made some tax measures on the cement industry. The measures are detrimental to the cement industry as they will raise the import cost of clinker and the price of cement bags in Bangladesh, according to local experts. Increase duty on clinker imports The minister proposed that the specific duty of only BDT500/t (US$4.66/t) currently in force for import... |
Cement export revenue totals US$150m in 10MFY22-2323 May 2023, Published under Cement NewsThe cement industry in Pakistan experienced a mixed trend in export revenue during the first 10 months of the current financial year, which runs from July 2022 to June 2023. While the amount of revenue earned in US dollars decreased, it actually improved in terms of the Pakistani rupee due to the currency's devaluation. Based on the latest data from the Federal Bureau of Statistics (FBS), the cement industry's export earnings for the 10MFY22-23 amounted to US$150.487m, with 3.242Mt of ce... |
Can CBAM create a level playing field for CO2 emissions?19 May 2023, Published under Cement NewsThis week, Eurostat released the EU cement industry statistics for 2022. There has been little change from 2021 when EU27 imports of cement and clinker totalled around 9.5Mt, but in 2022 imports rose above 10Mt for the first time. It is a rising trend that has continued to evolve since pre-2016, when clinker and cement imports to the EU27 totalled less than 2.5Mt. Meanwhile, cement and clinker exports from the EU27 have slumped from nearly 25Mt in 2016 to around 13Mt in 2022 with the UK and ... |