Displaying items by tag: Export
Spain: The Spanish cement makers association Oficemen says that cement consumption grew by 11% year-on-year to 4.9Mt in the first five months of 2017. It attributed the rise to increased residential housing construction. The association forecasts that, if the growth continues, the consumption may reach 12.3Mt in 2017, the strongest figure since 2012.
However, exports have fallen by 7.6% to 3.76Mt. Oficemen said that this decline has reduced the benefit of improvements in the domestic market and kept production capacity levels of 50% at cement plants. It also raised recent increases in electricity costs as cutting the competiveness of the industry’s exports.
Saudi Arabia cuts cement export duties
07 July 2017Saudi Arabia: The trade ministry has cut the export duty on cement by 50%. It has also cancelled all export tariffs on steel for two years to encourage local producers, according to Reuters.
Bhutan: Manufacturers fear that India’s Goods and Services Tax (GST) may reduce exports of cement. Input costs such as coal and limestone may fall in India when rates decrease following the introduction of the new tax regime on 1 July 2017 said Naman Sidarth of the Ims Taxo service in a presentation to the Bhutan Chamber of Commerce and Industry (BCCI), according to the Kuensel newspaper. India is the main target of cement exports from Bhutan and it has previously benefited from the differing taxes implemented between its states. The new GST will amalgamate taxes levied by the central and state governments.
Government to reduce Taiwan’s cement export cap
20 June 2017Taiwan: Vice Minister of Economic Affairs Yang Wei-fuu says the government plans to lower the cap on cement exports from over 20% of total output to 15% on environmental grounds. The ministry is also preparing an environmental impact assessment (EIA) policy for the development of the cement industry, according to the Central News Agency. The policy is scheduled to be completed by June 2018 and be submitted to the Environmental Protection Administration. The decision follows public outcry over the alleged expansion of the quarry at Asia Cement’s Hualien plant, which is partly located in a national park.
According to ministry data, Taiwan's cement exports reached 51% of total output in 2009 and 36%, 24%, 24% and 27% from 2013 to 2016 respectively. The ratio was at 25% in the first four months of 2017. Once an amendment to the Mining Act and environmental assessment regulations come into effect, many cement mining projects are expected to be affected. The ministry also intends to find alterative sources for the cement industry’s demand for raw materials.
Iranian cement producers urged to export to Russia
12 June 2017Iran: The Iran Chamber of Commerce, Industries, Mines and Agriculture has urged cement producers increase their exports to Russia to take advantage of rising demand. Russian cement consumption is expected to reach 140Mt as it builds infrastructure for projects like the FIFA 2018 World Cup, according to the Islamic Republic News Agency. Iran exported 11.5Mt of cement in the 11 month period to 18 February 2017. Exports are hoped to nearly triple to 32Mt/yr by 2025 following targets set by the government’s Vision Plan.
Pakistan’s exports fall, while domestic sales rise
05 June 2017Pakistan: Cement exports have continued to decline year-on-year for the fourth consecutive month in May 2017, registering a fall of 44.6% according to the All Pakistan Cement Manufacturers Association (APCMA). The decline follows a 45.7% year-on-year fall in exports in February 2017, a 60.4% year-on-year fall in March 2017 and a 50.8% year-on-year fall in April 2017.
However domestic sales were up by 10.9% year-on-year for May 2017, reaching 3.4Mt, as compared to 3.1Mt in May 2016. Total dispatches during May 2017 were 3.7Mt, as compared to 3.6Mt in May 2016, an increase of 2.4%.
So far in Pakistan’s fiscal year, which runs from 1 July to 30 June, domestic cement consumption has increased by a healthy 10.8% to 37.6Mt against 35.5Mt for 1 July 2015 to 31 May 2016. Over the same period exports have declined by 21.3% to 4.3Mt. A year earlier the figure was 5.5Mt. Exports to Afghanistan more than halved from 206,000t in May 2016 to 97,000t in May 2017. Exports to India also declined, from 135,000t in May 2016 to 114,000t in May 2017.
Industry experts have appealed to the government to take steps to boost housing, as the sector is currently dependent on infrastructure projects. They said that sustained growth in housing construction is essential to absorb the additional capacities that will come online in the next two years.
India: Members of the Cement Manufacturers Association (CMA) have met with Nitin Gadkari, the Minister for Road, Transport and Highways, to discuss price concerns around the country’s road building campaign. Local producers stand accused of increasing prices despite no rise in input costs amidst a national plan to build more roads, according to the Hindu newspaper. Producers dismissed these concerns, saying that price were lower than they had been in 2015. Instead they bashed discrepancies in export taxes between India and Pakistan.
Delegates from the cement producers at the meeting included N Srinivasan, managing director of India Cements, HM Bangur, managing director of Shree Cement, KK Maheshwari, managing director of UltraTech Cement, Ajay Kapur, managing director of Ambuja Cement, Mahendra Singhi, Group chief executive officer and wholetime director of Dalmia Cement, Ujjwal Batria, country chief executive officer and managing director of Nuvoco Vistas Corp and Aparna Dutt Sharma, Secretary General of the CMA.
Hail Cement Company secures export licence
19 May 2017Saudi Arabia: Hail Cement Company has obtained an export licence from the Ministry of Commerce and Investment. The licence is valid for one year from the date of issue. No significant financial impact is expected upon the financial results of the company.
Vietnam: Vietnam exported 6.72Mt of cement and clinker worth US$235m in the first four months of 2017. This represents a 12.8% increase in volume terms compared to the first four months of 2016, but only a 7.9% in value terms.
In April 2017 the country’s clinker and cement exports rose by 6.7% month-on-month in volume terms and by 7.6% in value to 1.92Mt at a value of US$67.4m, according to the latest data from the General Department of Vietnam Customs.
Bangladesh, the Philippines, Peru, Mozambique, Malaysia and Taiwan remained the biggest importers of Vietnamese cement and clinker in the four-month period.
At present, Vietnam has become the fifth biggest cement producer and consumer in the world after China, India, Iran and the United States. The country now has 76 cement production lines with a combined output of 82Mt/yr. It is predicted to face a glut of between 25-35Mt/yr of cement by 2020 as domestic production has outstripped the real demand and local firms have failed to compete with other exporters in the region.
Pakistan: Pakistan International Bulk Terminal (PIBT), the country’s first dry bulk unit for coal and cement, has started commercial operations with a consignment of coal in early May 2017. The US$285mn Muhammad Bin Qasim Port, which was built with support from the World Bank, will also be used to export cement and clinker, according to the Express Tribune newspaper. The terminal is capable of handling 12Mt/yr of cargo and has a storage yard spread over 62 acres. PIBT, under a 30-year build, operate and transfer agreement with the Port Qasim Authority, built its own jetty and is equipped with two coal ship unloading cranes and one cement and clinker loading crane.