Cement News tagged under: trade

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Exports of cement from Pakistan continue to swell in 8MFY19

19 March 2019, Published under Cement News

Pakistan Bureau of Statistics (PBS) data shows that the country's cement export value and volume rose during first eight months of the current FY18-19, despite dwindling exports of cement to Afghanistan and India.   Pakistan's cement industry received foreign exchange revenues of US$205.86m by exporting 4.83Mt of cement/clinker during the eight months of July 2018-February 2019, compared to US$149.71m at 2.98Mt in the same period last year, according to the PBS. This translates a YoY growth ...

Iran set to export over 14,000t of cement to Somalia

14 March 2019, Published under Cement News

Over 14,000t of cement is set to be exported from Iran’s southern island of Qeshm to Somalia, according to Iran Daily. "A 14,500t cargo of bagged cement produced in Qeshm will be exported to Somalia on a Tanzanian ship named AMINA-H," said Pejman Bahrami, deputy head for maritime transport and port affairs, Qeshm Free Zone Organization. The loading of the bagged cement began on Tuesday and will take 4-5 days. The order comes as country officials recognise the need to reduce dependency on ...

Exports seek solutions for stalled export to India

11 March 2019, Published under Cement News

Exports of cement and other commodities from Pakistan to India have been impacted following imposition of 200 per cent import duty by New Delhi on the aftermath of recent terrorist attacks on Indian soldiers. According to local media, Pakistani exporters have sought the government's help to clear their multi-million dollars of shipments stuck at the Indian ports, since the two neighbouring countries indulged in border skirmishes a month ago.   They demanded of the government to form a taskf...

Pakistan cement industry facing challenges

28 February 2019, Published under Cement News

A number of Pakistan cement companies have shown poor financial performance in 1HFY19, due to a combination of factors, including dwindling local demands and the rising cost of production. According to local media, the government has not only slashed Public Sector Development Programme (PSDP) spending, but private sector commercial and housing construction spending has also cooled, leading to lower cement sales, particularly in the northern zone. For northern players that export to Afghan...

Bangladesh reports fall in cement export for 7MFY19

25 February 2019, Published under Cement News

Bangladesh's cement industry recorded a fall of 15.27 per cent in export revenue to US$6.55m during the first seven months of FY18-19 (July-January, 2019) compared to US$7.73m, earned in the same months last year, according to the Bangladesh Export Promotion Bureau. The export figure also includes a minor amount of salt, stone and related products.   The seven months export is also short of target by 18.54 per cent set by the government for the 7MFY19, ie US$8.04m.   Bangladesh's governm...

India raises cement import duties to stop Pakistan shipments

20 February 2019, Published under Cement News

Pakistani exports of cement to India have been suspended, due to growing tension between Islamabad and Delhi over a recent terrorist attack in Pulwama, in Jammu and Kashmir, India. India has de-listed Pakistan from the status of 'Most-Favoured Nation' and increased import duty by 200 per cent on all imports from Pakistan, including cement and reportedly suspension of trade from border for the last few days.   Meanwhile, according to a private TV channel, "around 300 trucks carrying ceme...

Exports from Pakistan during 7MFY19 improve

19 February 2019, Published under Cement News

The Pakistan cement industry is facing a domestic drop in cement demand, but export data for 7MFY19 show overseas sales have been strong. Experts believe that with domestic demand experiencing a dip, cement manufacturers have been selling off their surplus inventory to regional markets perhaps with a cut to their margins.   Pakistan's cement industry received foreign exchange revenue of US$27.34m by exporting 655,317t of cement during the month of January 2019, compared to US$25.89m at 624,...

Cement production falls on MoM and YoY basis during 6MFY19

18 February 2019, Published under Cement News

Pakistan Bureau of Statistics (PBS) has released numbers of quantum index of the Large Scale Manufacturing Industries (LSMI) for 6MFY18-19. The overall output of LSMI fell by 1.5 per cent for July-December 2018 compared to July-December 2017. Similarly, the LSMI output decreased by 10.2 per cent for December 2018 compared to December 2017 and increased by 2.5 per cent if compared to November 2018.   Production in July-December 2018 as compared to July-December 2017 has significantly decreas...

Pakistan exports of cement to India expected to fall

18 February 2019, Published under Cement News

Pakistan cement exports to India are likely to be affected following the Indian government's announcement to scrap the 'Most-Favoured Nation' status to Pakistan, after an attack on Indian forces in Pulwama , Jammu and Kashmir, India, recently.   According to Al Habib Capital Markets, Pakistan's cement exports are expected to suffer most due to this unwanted tension between India and Pakistan. During 7MFY19 Pakistan's total cement exports stood at ~2.876Mt, up four per cent, YoY, of which c...

Pakistan's cement sector contracts by 1% in 1QFY19

30 January 2019, Published under Cement News

The State Bank of Pakistan on Tuesday released its first quarterly report on the State of Pakistan’s economy for FY19. According to the report, the overall macroeconomic environment remained challenging during the first quarter of FY19 as suggested by the preliminary data. It pointed out that the 6.2 per cent target for real GDP growth seems unachievable with the policy focus now tilted towards macroeconomic stabilisation.  The cement sector's output contracted by 1.4 per cent in 1QFY19 a...