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Pakistan's cement dispatches fall in July 2019

02 September 2019, Published under Cement News

Pakistan'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 FY19

27 August 2019, Published under Cement News

The 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 Lanka

29 July 2019, Published under Cement News

The 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 11MFY19

28 June 2019, Published under Cement News

Pakistan'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 results

29 May 2019, Published under Cement News

Pakistani 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...

Bulk carrier detained outside Chittagong port

29 May 2019, Published under Cement News

According to Chittagong Port Authority (CPA), the Egyptian bulk carrier "Wadi Feran" was arrested by orders of the local High Court on 23 May in a litigation case at the outer anchorage of Chittagong port in Bangladesh. No reason was disclosed for the arrest. This is likely to delay unloading of clinker, being imported by a local cement manufacturer. The vessel laden with 50,141t of imported clinker arrived on 8 May.

Pakistan's seaborne exports grow July 2018-March 2019

23 April 2019, Published under Cement News

Cement exports during the first nine months of July 2018 to March 2019 recorded a YoY growth of 32.8 per cent and 55.4 per cent in terms of value in dollar and quantity, respectively, according to Pakistan's Bureau of Statistics (PBS). The rise in cement exports came on the back of an increase in seaborne clinker and cement exports. However, exports to Afghanistan and India contracted by 17.2 and 20.1 per cent, respectively. Pakistan's cement industry earned foreign exchange revenues of...

Rwanda Bureau of Standards rejects Hima Cement imports

17 April 2019, Published under Cement News

Rwanda Bureau of Standards (RBS) returned cement imports into Rwanda by Uganda's Hima Cement Ltd (LafargeHolcim group) last month after they failed to meet the country's import quality standards. The cement that was transported in three 30t trucks was returned to Uganda, confirmed Uganda's government paper, New Vision. RBS Director General, Raymond Murenzi, clarified that the goods were subjected to routine standards tests which they failed to meet. The cement packages were found to weigh...

Russia: time for change

15 April 2019, Published under Cement News

While Russia’s economy has stabilised following several years of recession, domestic cement demand is expected to only return to growth in 2020. Meanwhile, trading volumes have also softened as cement imports and exports continue to decline on the back of lower demand from domestic and key export markets. By Aleksei Semenov, GS-Expert LLC, Russia. The construction of office and administrative buildings rose by 25 per cent YoY in 2018 although the major office market of Moscow exper...

Bangladesh cement exports continue to slide in 9MFY19

15 April 2019, Published under Cement News

Bangladesh's cement industry recorded a reduction of 16.4 per cent in export revenue to US$8.16m during the first nine months of FY18-19 (July 2018-March 2019) compared to US$9.76, earned in the equivalent period of the previous financial year, according to the Bangladesh Export Promotion Bureau. The export figure also includes a minor amount of salt, stone and related products. The nine months' export value is also short by 21.2 per cent of the target set by the government for the 9MFY18-...