Cement News tagged under: Pakistan

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Pakistan's cement industry braces itself for challenges ahead

13 December 2018, Published under Cement News

Pakistan's cement industry will face challenges in the remaining six months of current financial year 2018-19 due to various pressing factors. Industry experts are of opinion that declining trends in cement demand, capacity expansion, cut in Public Sector Development Programme (PSDP), slowdown in private construction and price war may adversely impact cement industry performance from January 2019 onward.  According to a report of Taurus Security Ltd, the cement sector in Pakistan faces ...

Fauji Cement Company appoints directors

13 December 2018, Published under Cement News

Fauji Cement Company Ltd (FCCL) has informed Pakistan Stock Exchange (PSX) that it has appointed a new Chairman, Chief Executive Officer/Managing Director and Directors during 10th Extra Ordinary General Meeting on 29th November 2018. The new board now consists of the following directors with effect from 13 December 2018. Lt Gen Syed Tariq Nadeem Gilani, HI(M), (Retd) Chairman Lt Gen Muhammad Ahsan Mahmood, HI(M), (Retd)  CEO/MD Dr Nadeem Inayat  Non Executive Director Maj Gen Tahi...

Construction ban on high-rise buildings withdrawn

12 December 2018, Published under Cement News

The Supreme Court of Pakistan has withdrawn its order banning high-rise constructions beyond six floors in the metropolis. A three-judge bench headed by Chief Justice of Pakistan (CJ), Justice Mian Saqib Nisar, heard a petition filed by the Association of Builders and Developers (ABD) against the ban on high-rise constructions at the SC's Karachi Registry. Earlier, ABAD repeatedly have drawn the attention of President of Pakistan, Dr Arifur Rehman Alvi; the Chief Justice of Pakistan, Mian S...

Karachi builders seek removal of high rise building ban

10 December 2018, Published under Cement News

The Association of Builders and Developers of Pakistan (ABAD) once again called for the removal of ban on the construction of high rise buildings in Karachi city, Sindh province. The Supreme Court (SC) ruled recently that the ban imposed on construction of high-rise buildings in specific residential and commercial localities will remain in force in the metropolis. The SC banned construction of high-rise buildings in the urban centres citing water shortage. ABAD has appealed to the Pres...

Pakistan's cement production falls in July-September FY18/19

07 December 2018, Published under Cement News

Pakistan's cement industry recorded a negative growth of 1.41 per cent during first three months of FY18-19, ended 30 September 2018, as production fell from 9.332Mt of cement to 9.2Mt, apparently due to lack of local demand and other issues, reports Pakistan Federal Bureau of Statistics (FBS). However, in September 2018 alone, cement production increased by 10.7 per cent to 3.144Mt from 2.84Mt in September 2017. According to the All Pakistan Cement Manufacturers Association (APCMA), i...

APCMA reports Pakistan cement dispatch rise for 5MFY2018-19

05 December 2018, Published under Cement News

According to All Pakistan Cement Manufacturer Association (APCMA), total dispatches from Pakistan's cement mills in the first five months of this fiscal July-Nov 2018 stood at 19.253Mt against dispatches of 18.513Mt achieved during the corresponding period of last financial year. This represents a four per cent YoY growth. Of this total, the domestic dispatches during July-November 2018 stood at 16.283Mt compared with dispatches of 16.434Mt recorded in July-November 2017. The net decline i...

Fauji Cement of Pakistan to build new cement plant

30 November 2018, Published under Cement News

At the 10th Extraordinary General Meeting of Fauji Cement Co (FCCL)'s Board of Directors, held on 29 November, the company secretary was authorised and empowered for the execution of a new cement plant in Pakistan. FCCL also elected executive, non-executive and independent directors for a term of three years commencing from 13 December 2018 to 12 December 2021.   First-quarter FY18-19 results During first quarter of FY18-19, FCCL earned a net profit of PKR801m (US$5.97m) as compared to...

DG Khan Cement of Pakistan plans WHR plants in Punjab

28 November 2018, Published under Cement News

A new waste heat recovery (WHR) plant is being planned by DG Khan Cement to reduce water consumption at its 2.11Mta Chakwal plant in Punjab, according to a report of Intermarket Securities Ltd. T he new plant would include improved technology that requires only marginal water consumption. This would avoid the technical and financial challenges of sourcing water, said the company's management. The step follows a PKR100m (US$0.74m) fine imposed by the Supreme Court of Pakistan on ...

Four months export revenue growth

23 November 2018, Published under Cement News

Pakistan's cement industry earned foreign exchange revenue of US$26.74m by exporting 616,648t of cement during October 2018, compared to US$29.05m on 671,913t of cement in previous month. This represents a fall of 7.9 per cent and 8.23 per cent in value and quantity, respectively on MoM, according to the Federal Bureau of Statistics. If compared to October 2017, earnings of US$23.3m on 472,216t of cement, translates to a growth of 14.8 per cent in earning of foreign currency and 30.5 per...

Mixed court orders for Pakistan's cement industry

20 November 2018, Published under Cement News

The cement industry has received mixed court orders from Supreme Court of Pakistan and Peshawar High Court on environmental/water scarcity and the gas tariff issue, respectively last week. Lucky Cement Ltd has received a stay order from the Peshawar High Court bench, which has temporarily directed the gas utility company Sui Northern Gas Pipelines Ltd (SNGPL) not to collect a higher tariff from the cement company. The court also sought written response from the petroleum secretary, Oil an...