Cement News tagged under: Pakistan
Pakistan's producers turn to exports10 January 2024, Published under Cement NewsPakistan's domestic sales for the cement industry during the first half of the current fiscal year (1HFY23-24) have grown by a mere one per cent compared to last year. Ballooning construction costs, of which cement prices have contributed their part, have deterred demand. The recent implementation of the axle road regime has further sent prices hurtling forward as transport costs increase. This is unlikely to ease over the next couple of months, which will keep prices steady and looki... |
Afghan coal price surge impacts northern Pakistan cement production costs08 January 2024, Published under Cement NewsA spike in Afghan coal prices has affected the cost of cement production in northern Pakistan. JS Research reports that the northern-based cement companies, which operate 20 of the 26 production lines in Pakistan, are facing the challenge of high production costs due to a recent rise in imported coal prices. The cost trade-off between Afghan and international coal remains dynamic, leading to difficulties for the industry. The northern region players face costs of around PKR53,000/t (US$188.... |
Pakistan sees drop in 1HFY23-24 dispatches05 January 2024, Published under Cement NewsPakistan's cement dispatches increased by 4.6 per cent in December 2023 to 4.06Mt against 3.881Mt dispatched in December 2022. Out of this total, according to the data released by All Pakistan Cement Manufacturers Association (APCMA), local cement dispatches were 3.536Mt compared to 3.676Mt in December 2022, showing a decline of 3.8 per cent. However, more positive news came from the overseas markets as export dispatches increased by a considerable 155.9 per cent as the volumes jumped from 2... |
Thatta Cement Co appoints new Karachi director03 January 2024, Published under Cement NewsPakistan-based Thatta Cement Co has announced the appointment of Shaista Bono Gilani as new director, effective from 27 December 2023. The appointment of Ms Gilani marks a notable change in the leadership structure of Thatta Cement Co. The company has informed its stakeholders, including the TRE Certificate Holders of the Exchange, about this significant development. This move is expected to bring new perspectives and strategies to the company's operations and governance. |
Power Cement exports to the UK02 January 2024, Published under Cement NewsPower Cement of Pakistan has marked a significant milestone. It has successfully entered the European market by exporting its high-quality cement to the United Kingdom. This initiative demonstrates Power Cement’s commitment to global expansion and positions the company as a formidable force in the international construction materials arena and, notably, as the first Pakistani cement exporter to enter the UK market. Saifuddin A Khan, director of export marketing at Power Cement, expr... |
Pakistan’s cement and clinker exports increase22 December 2023, Published under Cement NewsPakistan’s cement industry has registered substantial growth in dispatches of cement and clinker exports in terms of value and quantity during the first five months of FY23-24 (July-November 2023) due to the continued depreciation of the Pakistani rupee against foreign currency and the falling coal prices. Pakistan’s cement and clinker exports increased by around 48.3 per cent in the 5MFY23-24 to US$114 (2.93Mt), compared to US$76.87m (1.54Mt) in the 5MFY22-23, the Pakistan Bureau of Stat... |
Pakistan cement prices rise due to freight costs21 December 2023, Published under Cement NewsCement prices across Pakistan have risen over recent weeks, according to the Pakistan Bureau of Statistics. The lowest price for a 50kg bag now stands at PKR1265 (US$4.52) with the maximum price coming in at PKR1400. Prices in the north of the country have reported an almost two per cent uptick from an average of PKR1220 in late November/early December to PKR1271/bag. Reports by the Pakistan Observer suggest the price increases are being driven by higher freight rates. The Pakistan govern... |
Pakistani cement dispatches down 2% in November18 December 2023, Published under Cement NewsPakistani cement dispatches fell by 2.1 per cent to 3.924Mt in November 2023 from 4.009Mt in November 2022, according to the All Pakistan Cement Manufacturers Association (APCMA). Local cement dispatches dropped by 15.5 per cent YoY to 3.262Mt in November 2023 from 3.862Mt in the year-ago period. Northern mills dispatched 2.867Mt, down 12.2 per cent YoY in November 2023 when compared with November 2022, when 3.267Mt were dispatched. Southern mills saw dispatches fall by 22.9 per cent YoY... |
Pakistan: navigating uncertainty18 December 2023, Published under Cement NewsPakistan continues to face political and economic uncertainty, while the government has to find solutions to the impact of flood damage caused by last year’s devastating monsoon. The cement sector is in a capacity expansion cycle, but domestic sales have been on a downward trend, while prices have risen steeply to match coal price increases. Pakistan has seen slowing economic growth and political uncertainty in recent years, while relief efforts following devastating floods conti... |
Pakistan’s cement industry utilisation expected to hover at 57% in FY2411 December 2023, Published under Cement NewsPakistan’s cement dispatches (ie, local sales plus exports including clinker) over the 5MFY23-24 period (July-November 2023) indicate total dispatches of 47Mt for the full fiscal year. If all goes well, this will translate into a capacity utilisation level of approximately 57 per cent. According to local media, this rate is low compared to the previous fiscal and substantially lower than in previous years when utilisation reached maximum levels, pushing cement manufacturers to invest in cap... |