Cement News tagged under: Pakistan

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Pakistan's domestic dispatches dip 6% July-August 2019

16 September 2019, Published under Cement News

Pakistan's cement industry saw receding cement demand in the first two months of current FY20 in Pakistan. The All Pakistan Cement Manufacturers Association (APCMA) attributes it to impact of economic contraction among other factors. The industry dispatched 46.88Mt of cement in 2018-19, leaving a surplus of 9.12Mt. The domestic market remained under pressure in the last fiscal year as well absorbing only 40.34Mt, which was almost two per cent less than 2017-18, according to APCMA.   The ...

Lucky Cement updates progress on overseas and local projects

16 September 2019, Published under Cement News

Lucky Cement is currently implementing two cement projects:  the overseas cement plant in Samawah in Iraq and the 2.6Mta brownfield cement plant expansion in Khyber Pakhtunkhwa province, Pakistan. According to Lucky Cement's annual report for 2019, the first shipment of plant and machinery from Sinoma to the Samawah site is expected to start of October 2019. Commissioning will take place in FY20-21.   Similarly, the letter of credit for the power plant in Iraq has been established and s...

APCMA releases official dispatch data for FY19

16 September 2019, Published under Cement News

Pakistan's cement industry saw a growth 2.2 per cent in total dispatches in FY18-19, which reached to 46.88Mt from 45.89Mt during this period, says official data of All Pakistan Cement Manufacturers Association (APCMA). The breakdown shows that out of total dispatches, local dispatches recorded a negative growth of two per cent, but export dispatches expanded by 37.7 per cent. Dispatches from factories located in northern zone of Pakistan contracted during FY18-19. Local dispatches f...

Cherat Cement becomes sixth-largest producer in Pakistan

13 September 2019, Published under Cement News

Cherat Cement Co Ltd (CHCC) has become the sixth-largest cement producer with eight per cent market share in Pakistan following the successful installation and commissioning of Cement Line III at the Lakrai plant, Nowshera district, Khyber Pakhtunkhwa. The new line has a clinker capacity of  more than 6700tpd and features a waste heat recovery plant.   With this expansion, the company has increased its total cement capacity to more than 4.5Mta. The project was completed well before schedul...

Pakistan cement industry's future outlook

10 September 2019, Published under Cement News

The margins of the Pakistani cement industry remain under pressure in FY19 and this trend is likely to continue in FY20 on the back of poor demand, higher coal prices and interest rates, lesser allocation for development projects, and competition in local and overseas markets. Reviewing the industry performance, experts observed in the local media that the industry started making expansion plans soon after the then-government signed CPEC agreements with the Chinese government in anticipa...

Lucky Cement solicits modification in power supply licence

06 September 2019, Published under Cement News

The Government of Pakistan's National Electric Power Regulatory Authority (NEPRA) has received an application from Lucky Cement (Pvt) Ltd, seeking permission to supply surplus power to any utility in DHA City, Karachi, as a bulk power consumer. To grant approval, NEPRA has asked all stakeholders, interested/affected persons and the general public to offer their comments in favour or against the approval for proposed modification in the generation licence of Lucky Cement. Lucky Cement ha...

Cement prices in Punjab rise after trade suspension

03 September 2019, Published under Cement News

After the suspension of trade between India and Pakistan on 10 August, the price of cement in Punjab has increased by almost INR100/bag (US$1.38/bag), according to the Hindustan Times. Therefore, the price of a cement bag has risen from INR260-275 to INR360-375. "Since Pakistan suspended trade with India, comparatively cheaper Pakistani cement has triggered a price rise in the domestically manufactured cement," said MPS Chatha, president of the All India Cement Importers Association. Befo...

Pakistan's cement dispatches fall in July 2019

02 September 2019, Published under Cement News

Pakistan's cement industry dispatches in July, the first month of the FY19-20, fell to 3.5Mt from 3.6Mt in July 2018. This translates to a decline of 2.8 per cent, primarily due to a slowdown in domestic demand as the economy contracts rapidly owing to policies targeting runaway budget deficit and the current account gap, says local media. The industry's capacity utilisation also reportedly dropped to 70 per cent from the average levels of 85 per cent. Industry observations show it is ...

Pakistan makes GIDC workable for industries

02 September 2019, Published under Cement News

The President of Pakistan, Arif Alvi, promulgated the Gas Infrastructure Development Cess - GIDC (Amendment) Ordinance 2019 to waive half of the outstanding liabilities of the fertiliser, textile, power generation, compressed natural gas (CNG) and cement sectors, last week. According to a local research house, the government has reportedly made amendments to the GIDC Act to recover the long standing overdue of the cess from various industries. Key highlights of the Act include 50 per cent ...

Fauji Cement sees 17% decrease in profit

28 August 2019, Published under Cement News

Pakistan's Fauji Cement Co recorded a 17 per cent fall in profit to PKR2.824bn (US$17.7m) for the year ended 30 June 2019, compared with PKR3.429bn in the FY18. Revenue was mostly unchanged at PKR20.8bn, while volumes dipped by 13 per cent YoY to 2.96Mt. Revenue declined four per cent YoY to PKR5.2bn during the 4QFY19, as higher retention prices offset some of the impact of a 16 per cent decrease in total sales to 710,000t. Local offtake dropped 15.3 per cent to 669,000t against 790,000t ...