Cement News tagged under: trade

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Sri Lanka sees 56% rise in May imports

28 August 2018, Published under Cement News

Leading 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 FY18/19

24 August 2018, Published under Cement News

Bangladesh 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 strongly

23 August 2018, Published under Cement News

Pakistan 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 jurisdiction

20 August 2018, Published under Cement News

The 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 2014-18

02 August 2018, Published under Cement News

The 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 12MFY18

26 July 2018, Published under Cement News

Pakistan 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 investigations

05 July 2018, Published under Cement News

On 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 imports

04 July 2018, Published under Cement News

The 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.

Pakistan's cement exports to benefit from PKR depreciation

12 June 2018, Published under Cement News

Cement exports from Pakistan are likely to benefit from the Pakistani rupee depreciation against the US dollar as reported in foreign exchange markets. According to Elixir Securities Pakistan, the rupee has depreciated by 3.9 per cent during the day to PKR121 against the greenback, from last week's close of PKR116.5. Historically the local currency has depreciated in spurts, with today's move being the third one to date in FY18, following depreciations in December 2017 and March 2018, taki...

Cumulative cement export revenue shows mix results in 10MFY18

23 May 2018, Published under Cement News

Pakistani export revenues of cement during the first 10 months of current FY17-18 ended 30 April recorded a YoY fall of 3.6 and 9.4 per cent in terms of quantity and value in dollar, respectively, according to says data released by Federal Bureau of Statistics, Government of Pakistan. The country exported 3.74Mt of cement and earned export revenue of US$185.74m in July 2017-April 2018, compared to 3.88Mt at US$204.94m in corresponding months of the previous fiscal year. In April 2018 ...