Cement News tagged under: Pakistan

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DG Khan Cement wins export orders from the Philippines

09 July 2020, Published under Cement News

DG Khan Cement Company Ltd has procured cement export orders from the Philippines. The order was confirmed by a Pakistan government adviser. "Congratulations to DG Khan Cement for making a breakthrough in winning orders for export of cement to the Philippines. This follows on their success in China," said Adviser to Prime Minister on Commerce, Abdul Razak Dawood, in a tweet on Wednesday. "Once market reach extends, then market share will increase. Increasing geographical diversification i...

Pakistan cement records a 2% uptick in dispatches in FY20

07 July 2020, Published under Cement News

Pakistan’s cement industry during the FY19-20 (July 2019-June 2020) recorded a rise of two per cent to 47.81Mt in total cement dispatches from 46.88Mt in FY18-19. All Pakistan Cement Manufacturers Association (APCMA) attributed this growth to the strengthening of higher export growth, which reached 19.8 per cent with exports surpassing the 7Mt mark after a long time. However, the domestic consumption contracted by almost one per cent during this fiscal year, the first such decline in the las...

Power Cement begins commercial operations at 7700tpd plant

01 July 2020, Published under Cement News

Pakistan’s Power Cement Ltd has announced that its 7700tpd clinker production plant has reached its rated capacity and will therefore begin commercial production from 1 July 2020.   The company noted production levels of 450,096t and 502,541t of cement and clinker, respectively, during the 9MFY19-20. Domestic sales reached 418,757t, while cement exports were at 4372t and clinker exports at 111,800t. Overall this represents a nine per cent decline in both domestic and export sales. However,...

Federal Budget FY21 impacts positively on the cement industry in Pakistan

15 June 2020, Published under Cement News

Hammad Azhar, Pakistan's Federal Minister for Industries and Production, on June 12 unveiled a tax-free federal budget for FY20-21 in Parliament with a total outlay of PKR7.136trn (US$43.2m), to spur economic recovery following the economy's contraction in the outgoing fiscal year for the first time since 1952, due to COVID-19.   He proposed no increase in salaries of its employees and pensioners, a rise in levies on luxury products, and tax relief for the cement sector, sanitary-ware and lo...

Economic survey reviews Pakistan cement industry for FY19-20

12 June 2020, Published under Cement News

The Pakistan government has released its economic survey for FY19-20 on the eve of the Federal Budget FY20-21. The survey reviews government incentives for the cement industry, accounts of dispatches, export and mining lease issues.   The government has labelled the construction and cement industry a significant source of growth and investment in the future. It has already introduced an incentive package for the construction industry in April 2020, anticipating to help increase local cement ...

Return to prosperity forecast for Pakistan's cement sector

08 June 2020, Published under Cement News

Pakistan's cement industry is likely to prosper in the coming months, due to some positive developments at the local and international level, anticipated by three of Pakistan's leading research houses. BMA Capital Management forecasts that the cement sector is showing signs of revival, backed by initiation of the Naya Pakistan Housing Scheme and construction package announced by the government. Moreover, the easing of lockdowns has raised hopes for improved cement dispatches in the coming m...

Pakistan dispatches drop in May, slip in 11MFY19-20

04 June 2020, Published under Cement News

All Pakistan Cement Manufacturers Association (APCMA) released local/overseas dispatches data for May and the 11MFY19-20. May 2020 Total cement dispatches (domestic + export volumes) were only 2.63Mt in May 2020 against 4.12Mt in May 2019 representing a 36.1 per cent drop. The decline in cement dispatches is mainly due to Ramzan, COVID-19 and Eid holidays, which slow the construction activity. Domestic cement consumption in the north was 2Mt in May 2020 against 3.05Mt in May 2019. Con...

Flying Cement reports 96% fall in sales

02 June 2020, Published under Cement News

Pakistan’s Flying Cement Co saw a 95.9 per cent fall in sales to PKR35.62m (US$217,705) in the January-March period of 2020, compared to PKR858.47m in the year-ago period. The company also reported a net loss of PKR110.7m against a net profit of PKR64m in the corresponding period of the previous fiscal. In the first nine months of FY19-20, sales declined 63.6 per cent YoY to PKR964.6m from PKR2.65bn. The company’s net loss also widened to PKR14.87m from PKR48.68m in the FY18-19.

Fauji Cement appoints CEO/MD and makes resource sharing agreement with Askari Cement

29 May 2020, Published under Cement News

Fauji Cement Co Ltd (FCCL) informed Pakistan Stock Exchange (PSX) on 28 May 2020 that due to expiry of employment contract of Lt Gen Muhammad Ahsan Mahmood, HI (M) (Retd), CEO/MD of FCCL on 9 June 2020, Qamar Haris Manzoor has been appointed as his replacement by the Board of Directors of Fauji Cement, says a notification signed by company secretary. He will assume the charge of this appointment with effect from 10 June 2020. Earlier, the company stated that as a result of the approval of t...

Cement exports from Pakistan drops due to COVID-19 in 10MFY20

28 May 2020, Published under Cement News

The Federal Bureau of Statistics (FBS) of Pakistan has released cement export data for the 10 months of July 2019 to April 2020. It visibly carries the impact of coronavirus on the cement industry in the country.   Pakistan's cement industry has earned export revenue of US$223.20m by exporting 5.949Mt of cement and clinker in 10MFY19-20, compared to US$243.12m from 5.738Mt of exports in the year-ago period. This represents a 8.2 per cent decline in terms of value in dollars, but adds a grow...