Cement News tagged under: Exports

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Cement output in Pakistan rises in 10MFY17-18

20 June 2018, Published under Cement News

According to Pakistan's Federal Bureau of Statistics, the large-scale manufacturing sector posted 6.13 per cent growth in the first 10 months of FY17-18 (July 2017-April 2018) as the construction boom continued to drive the consumption of cement and steel, while other sectors also recording growth. Local cement industry production was recorded at 35.015Mt during this period from the 31.116Mt produced in 10M16-17, representing a YoY growth of 12.5 per cent. This trend was also observed in  A...

Peru’s consumption stable in May

19 June 2018, Published under Cement News

Peru’s cement market remained largely stable in May with consumption edging up by 0.6 per cent YoY to 0.778Mt and by 2.5 per cent from 0.759Mt the previous month, according to the latest data by Asocem, the country’s cement association. Peru’s cement production rose 3.4 per cent YoY and four per cent MoM to 0.807Mt in April. Clinker production fell 15.1 per cent to 0.636Mt when compared with April 2018, when output volumes stood at 0.749Mt. However, when compared with May 2017, clinker out...

Pakistan's cement exports to benefit from PKR depreciation

12 June 2018, Published under Cement News

Cement exports from Pakistan are likely to benefit from the Pakistani rupee depreciation against the US dollar as reported in foreign exchange markets. According to Elixir Securities Pakistan, the rupee has depreciated by 3.9 per cent during the day to PKR121 against the greenback, from last week's close of PKR116.5. Historically the local currency has depreciated in spurts, with today's move being the third one to date in FY18, following depreciations in December 2017 and March 2018, taki...

Maintaining a strong position

06 June 2018, Published under Cement News

Following a major overhaul at its plant in Salalah, Oman, Raysut Cement is in good shape to further expand its business internationally. ICR speaks with Joey Ghose, the company’s CEO, about Raysut’s recent capital investments and its plans to gain additional market share both at home and abroad. Joey Ghose, CEO of Raysut Cement Co, Oman ICR: When was Raysut Cement Co established and what is the extent of the company’s activities in Oman today? Joey Ghose (JG): Raysut Cement ...

Argentina’s market demand falls 4% YoY in May

06 June 2018, Published under Cement News

Argentine cement consumption decreased by 4.4 per cent to 924,979t in May 2018, according to AFCP, the country’s cement association. When compared with the previous month, demand contracted by 3.5 per cent from 958,184t in April. Of this total, the domestic industry supplied 924,425t, three per cent less MoM, while imports fell from 5160t in April to 554t as Argentina’s producers recovered market share. Compared with May 2017, Argentina’s producers saw their domestic sales ease by 3.9 per...

Pakistan records highest capacity utilisation

06 June 2018, Published under Cement News

All Pakistan Cement Manufacturers Association (APCMA) has released data for the month of May, 2018,  which showed capacity utilisation between July and May 2018 was at 94.69 per cent – the highest in Pakistan's history since records began. The previous highest capacity utilisation was achieved in 1992-93, it reached 93.62 per cent. May's data also indicated a dip in local dispatches, due to the reduction of working hours in the Holy month of Ramadan. During May the industry dispatched 3....

Fancesa gears up for exports to Paraguay, Argentina and Chile

06 June 2018, Published under Cement News

Bolivian cement producer Fancesa will carry out market research in Paraguay, Argentina and Chile this year with a view to entering these markets as soon as the company’s new line is up and running in 2019. While the decision to export was taken in January last year, it was not until last February that the company’s President, Eduardo Rivero, confirmed that the negotiations with Paraguay were moving in the final lap. However, it was expected that exports would start this year. Four mon...

Attock Cement seeks gypsum/laterite supplier

01 June 2018, Published under Cement News

Attock Cement Pakistan Ltd (ACPL) has invited a tender for the bulk supply of gypsum and laterite in  2018-19. According to the company announcement, offers are invited for the supply of approximately 120,000t of gypsum and 120,000t of laterite between July 2018-June 2019 at its cement plant located at Hub Chowki, Lasbela, Balochistan. Bids are due on 21 June 2018.   Sales review 9MFY18 In the first nine months of the 2017-18 financial year, the company's overall cement dispatches of comp...

Pakistan's exports tipped to increase

01 June 2018, Published under Cement News

Experts are hoping an increase in exports of cement from Pakistan during the outgoing FY18. The country recorded its highest growth of cement exports during 2008-10, when, it hovered around 10.75Mt. Of late, exports have started to drift and reached at 4.66Mt in 2016-17 and 3.9Mt in 10 months of FY18.   According to a research house report, cement exports are expected to post stellar growth of more than 37 per cent YoY in May, due to addition of new production plants of Lucky Cement and Att...

A review of Pakistan cement exports to Afghanistan

31 May 2018, Published under Cement News

Pakistan exported 2.43Mt of cement during FY15-16 to Afghanistan, which fell to 1.76Mt in FY2016-17. While Afghanistan remains the biggest export market for Pakistan producers, this translates into a fall of 28 per cent. However, the negative trend would turn into a positive one as the country already exported 1.65Mt of cement to Afghanistan during the first 10 months of the FY17-18. The peak export was 4.72Mt in 2010-11, since then exports have dwindled. Future challenges The industr...