Displaying items by tag: Cement and Concrete Institute of Zimbabwe
Zimbabwe: PPC Zimbabwe’s managing director Kelibone Masiyane has said that duty on cement imports has done little to discourage the market. The government introduced a 25% duty on every 100t of imported cement in 2016, according to the NewsDay newspaper. He singled out imports from Zambia as well as those from South Africa, Mozambique and Botswana.
“In addition to liquidity challenges, we continued to face pressure from cheap imports. Government has tried to assist by introducing duty on imported cement, but the reality on the ground is that imports continue to pour in, particularly from Zambia,” said Masiyane. Despite this he added that PPC Zimbabwe was confident that the local economy would pick up in 2017 supported by infrastructure projects.
The Cement and Concrete Institute of Zimbabwe lobbied the Ministry of Industry and Commerce to ban imported cement in 2016. In a paper it suggested including a protection tariff to equate the landed price of imported cement to the cost of the local product, granting of import licences to local producers, cancelling or reviewing all issued permits that are circulating in the country and lowering duty on raw materials.
Zimbabwe: The Cement and Concrete Institute of Zimbabwe has presented a paper to the Ministry of Industry and Commerce suggesting government intervention in the cement industry including banning imported cement. The paper also calls for a protection tariff on imported cement of US$50/t, granting import licences to local producers, cancelling or reviewing all issued permits in circulation in the country and lowering duty on raw materials according to local press.
The country’s cement producers include Lafarge, PPC and Sino Cement. Together they have a cement production capacity of 1.85Mt/yr compared to an estimated demand of 1.17Mt/yr in 2016. Together these cement producers have invested nearly US$185m in cement plants upgrades within the last five years. However, a surplus of cement in the region means that South Africa, Mozambique, Zambia and Botswana export cement to Zimbabwe which is threatening the local producers’ investment.