20 September 2018
PSK to build cement plant in Tambov region 20 September 2018
Russia: Pervaya Stroitelnaya Kompaniya (PSK) plans to build a 1.2Mt/yr cement plant in the Petrovsky district of the Tambov region. The project has an investment of Euro126m, according to the Kommersant newspaper. The unit will use the Borisovsky deposit for its raw materials. PSK previously purchased the licence to develop the mine from Tambov-Cement company. The project is scheduled to be built from 2019 to 2025 in several stages.
Cement export volumes growing in Tajikistan so far in 2018 20 September 2018
Tajikistan: Average monthly volumes of cement exports have grown by 37% year-on-year to 115,000t in the first eight months of 2018 compared to 84,000t for the whole year in 2017. Data from the Ministry of Industry and New Technologies shows that 920,000t of cement was exported from January to August 2018, according to the Asia Plus agency. 520,000t was exported to neighbouring Uzbekistan, 340,000t to Afghanistan and 60,000t to Kyrgyzstan.
Extent of Afghan ban on Iranian cement imports unclear 20 September 2018
Afghanistan/Iran: The Afghanistan Customs Department has banned imports of cement at the Farah border crossing from Iran’s South Khorasan Province. Mozaffar Alikhani, the Secretary-General of Iran-Afghanistan Chamber of Commerce, said that the ban had been implemented at the border point due to a lack of an online monitoring system, according to Eghtesadonline. The ban also includes oil products, steel products, tiles and ceramics.
Afghan officials have made contradictory statements about a ban of imported commodities from Iran. Ali Shariati, a member of Iran Chamber of Commerce, Industries, Mines and Agriculture, told the ILNA news agency that the Afghanistan Customs Department had banned cement imports and those of other materials from 16 September 2018 to bring it into alignment with US sanctions on Iran. However, Alikhani dismissed this and said that the goods in question continue to be exported as usual from Iran to Afghanistan through the border crossings of Dogharoun in Khorasan Razavi Province and Nimrouz in Sistan-Baluchestan Province.
Sakhi Ahmad Peyman, the president of the Afghanistan Industrial Association, has also described the ban as temporary.
DG Khan Cement’s sales and profit up 20 September 2018
Pakistan: DG Khan’s sales rose by 3% year-on-year to US$271m in the year than ended on 30 June 2018 from US$263m in the same period in 2017. Its profit increased by 14% to US$72.4m from US$63.6m.
Raysut Cement joins list of Sharia-compliant companies in Oman 20 September 2018
Oman: Raysut Cement has been added to a list of Sharia-compliant companies for the second quarter of 2018 compiled by the Muscat Securities Market. It joins Oman Cement, which was listed in the first quarter of 2018, according to the Oman Daily Observer newspaper. The list includes 31 publically listed companies that conform to the requirements of Islamic Sharia according to the rules approved by the Accounting and Auditing Organization for Islamic Financial Institutions, Companies on the list cover a cross-section of industrial sectors.