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Bangladesh Cement Manufacturers Association calls for clinker import duties to be reduced 24 April 2019
Bangladesh: The Bangladesh Cement Manufacturers Association (BCMA) has asked for import tariffs on clinker to be reduced. In a letter to the National Board of Revenue (NBR) it requested that the duty be cut to either US$2.40/t or a fixed rate of 5%, according to the Dhaka Tribune newspaper. Importers pay around US$6.00/t at present. The BCMA argues that the cement industry is paying more than other industries for its imports.
The association has also called for value added tax (VAT) on raw materials to be cut to 5% from 15%, reducing advance income tax to 2.5% from 5% and exempting regulatory duties for fly ash and import duties for cement bulk carriers.
Egypt: ASEC Engineering has renewed its technical management contract with Misr Beni Suef Cement until the end of 2023. ASEC originally worked on the first production line at the plant in 2001. It maintenance contract was renewed in 2007 with the addition of a new production line. The cement plant has a production capacity of 3.1Mt/yr.
Algeria exports over 0.5Mt to Europe 24 April 2019
Algeria: The Algerian cement industry has exported over 0.5Mt of clinker to Europe as part of a shift to international markets. Samir Setiti, the president of Groupe des Ciments d’Algérie’s (GICA) Sodismac subsidiary, said that the company was currently transporting 15,000t of clinker from its Beni Safi plant to the Ivory Coast from the Port of Ghazaouet, according to the L’Expression newspaper. This is part of 15 export operations the cement producer has conducted since May 2018.
CIMAF Guinea to increase capacity of grinding plant 24 April 2019
Guinea: Mamady Touré, the adminstrative and finance director of Ciments de l’Afrique (CIMAF) Guinea, says that the company plans to triple the production of its Dubréka grinding plant to 1.5Mt/yr. The announcement was made as part of a lunch for customers, according to Guinée News.
Wagners expects US$7m hit from supply row with Boral 24 April 2019
Australia: Wagners expects that its on-going suspension of cement products to Boral will cost it around US$7m in 2019. The company decided to stop the supply following Boral’s notification that it had found a cheaper source in March 2019. Since neither Wagners nor Boral have been able to resolve the disagreement it has now been referred to the Supreme Court of Queensland.