Cement News tagged under: trade

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Rock Hard Cement loses import tariff judgement

19 December 2018, Published under Cement News

The Caribbean Court of Justice (CCJ) has ruled in favour of Trinidad Cement Ltd (TCL) and Arawak Cement Ltd over their dispute with importer Rock Hard Cement to have the tariff remain at 60 per cent for imported hydraulic cement to Barbados, rather than being lowered to five per cent. The court is still to determine the classification guidelines for hydraulic cement that Rock Cement imports for its local operations in Barbados.

CMA meets with government Commerce and Industry advisor

29 October 2018, Published under Cement News

During a meeting on 27 October, Pakistan's Cement Industries Association (CMA) has informed the the country's Advisor to the Prime Minister on Textile, Commerce, Industry, Production and Investment, Abdul Razak Dawood, that Pakistani companies are exporting clinker by sea to Bangladesh, where clinker demand and prices have risen. "It's a good breathing space for Pakistani cement manufacturers to export our surplus clinker to Bangladesh and other parts of the world," said the CMA> Abdul R...

Increased export revenue MoM and YoY for Pakistan producers in 3MFY19

29 October 2018, Published under Cement News

According to the Federal Bureau of Statistics, Pakistan's cement industry earned foreign exchange revenue of US$29.05m by exporting 671,913t of cement during September compared to US$27.57m on 617,745t of cement in previous month. This represents a MoM growth of 5.4 per cent and 8.8 per cent in terms of value and quantity, respectively. Compared to September 2017, earnings of US$17.76m on 359,766t of cement, it translates to a growth of 63.5 per cent in earning of foreign currency and 86....

Central Bank of Pakistan reviews progress of cement industry in FY18

19 October 2018, Published under Cement News

The State Bank of Pakistan has released its annual report on Pakistan's economy for the fiscal year 2017-18. According to the report, the growth momentum gained further strength as the economy achieved its 13-year highest real GDP growth of 5.8 per cent in FY18. The GDP growth was also broad-based, as all the three sectors – agriculture, industry (including cement) and services – contributed positively to this acceleration, the report highlights. The cement industry, with more than one-fi...

Bangladesh cement exports rise July-Sept

17 October 2018, Published under Cement News

Bangladesh's cement industry recorded export revenue of US$3.17m during July-Sept 2018 compared to US$2.72m of the corresponding year-ago period, according to the Bangladesh Export Promotion Bureau. This is an increase of 16.54 per cent YoY. The export figure also includes a minor amount of salt, stone and related products.   Bangladesh’s 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. T...

Ukraine industry moves against counterfeit cement

21 September 2018, Published under Cement News

This week Ukrcement, the Ukranian cement association, reported that counterfeit cement was prevalent in Ukraine's cement market. It is more disappointing news for local producers who have seen cement production drop by 3.7 per cent in the first seven months of the year. The cement association recently commissioned GFK Ukraine to carry out research into the packaging of cement products sold in the domestic retail market. The research agency visited 180 building material outlets, supermark...

Ethiopia-Eritrea border re-opening fuels cement trade

19 September 2018, Published under Cement News

Following the normalisation of Ethiopia-Eritrea relations and the reopening of the border between the two countries, cement trade is flourishing after two decades of stand-off. As of Wednesday 12 October, 4000-5000 quintals (400-500t) a day have been transported from Adigrat, some 900km north of Addis Abeba, to the border towns of Senafe, Adi Keyih and Dekemhare in Eritrea, according to business owners in Adigrat. Business activities in these areas has revived,” Angesom told Fortune. A ...

Pakistan exports hit Punjab and Himachal plants

13 September 2018, Published under Cement News

Cement plants in Himachal Pradesh and Punjab, India, have called for 11 per cent duty on imports from Pakistan as they see capacity utilisation levels fall to 75 per cent. They have also suggested capping of entry points and ports for cement imports into India as additional safeguards against cement dumping from Pakistan. Of a total cement demand of 8Mta in Punjab, imports are now as high as 1.5Mta, rising by 24 per cent YoY in the quarter ended March 2018. The majority of imports are from ...

Clinker shipment capsizes in Bay of Bengal

10 September 2018, Published under Cement News

A 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 wealth

05 September 2018, Published under Cement News

West 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...