Cement exports in January hit a record high of 618,000t breaking the previous record of 575,000t shipped out in August 2007 data available with the research department of a brokerage house revealed.
As per the data compiled by the JS Global research, January 2008 cement exports have increased by a massive 152 per cent on YoY basis and by 60 per cent when compared to December 2007. On the other hand, local dispatches stood at 1.6Mt in January 2008 down by 13 per cent compared to January 2007.
“The cement exports could go up to 1Mt per month if Karachi Port Trust (KPT) increases handling facilities at port,” said Galadari Cement CEO Badruddin Fakhri. “Cement exports can earn up to US$1bn per annum if required infrastructure is available at KPT,” said Fakhri.
Port Qasim is fast developing cargo-handling facilities but KPT too needs speedy developments to facilitate cement exports, he said. Power shortage has been affecting cement production and this could be compensated by further increasing the cement exports. The shortage in local dispatches in the month of January 2008 in the country is due to political uncertainty, he said.