Cement News tagged under: Pakistan

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Pakistan cement producers looking at Afghanistan for coal

26 July 2021, Published under Cement News

Due to a spike in the price of coal imported from overseas countries, cement companies in Pakistan are considering the import of coal from Afghanistan. “Afghan coal is cheaper compared to the coal imported through sea links from other countries including South Africa,” said Taurus Securities analyst Mustajab Ali Kazmi. “Although the quality of Afghan coal is a bit inferior than the one imported from other countries, the companies resort to buying cheaper coal to increase margins.” However...

Another busy export year for Pakistan’s cement industry

21 July 2021, Published under Cement News

The Federal Bureau of Statistics (FBS) of Pakistan has released cement export data for the just-concluded FY20-21 (July 2020-June 2021). Both value and quantity of exports rose in this period when compared with the equivalent months in FY19-20. Pakistan's cement industry in 12MFY20-21 earned US$267.91m of export revenue by dispatching 7.815Mt of cement and clinker overseas, compared to US$259.44m from 7.11Mt of exports in the year-ago period. The export figures represent a noticea...

Pakistan cement dispatches grow by 13% in June

05 July 2021, Published under Cement News

Pakistan’s cement sector posted a robust YoY growth of 12.73 per cent in June 2021, as total dispatches rose to 5.211Mt against 4.623Mt in June 2020. Cement dispatches rose by 20.40 per cent to 48.119Mt in 12MFY21 from 39.96Mt during the 12 months of the last financial year 2019-20, according to data released by the All Pakistan Cement Manufacturers Association (APCMA). The rise is attributed to construction activities under the Naya Pakistan Housing Scheme (NPHS), vital government initia...

Pakistan's cement exports rise 5% YoY

02 July 2021, Published under Cement News

Cement exports from Pakistan increased 4.6 per cent YoY during the first eleven months of FY20-21, rising to US$253.584m from US$242.505m, according to the Pakistan Bureau of Statistics (PBS). In terms of quantity, cement exports rose 13.3 per cent from 6,570,921t to 7,442,573t. In May 2021, cement exports advanced 47.8 per cent YoY to US$28.527m from US$19.302m in the year-ago period.

Bestway Cement commissions solar power plant

30 June 2021, Published under Cement News

Pakistan’s Bestway Cement and Reon Energy Ltd commissioned a 14.3MW captive solar power project at the producer’s unit in Farooqia, Khyber Pakhtunkhwa. The plant is reportedly part of a 50MW project deal dispersed across Bestway’s four locations in Farooqia, Chakwal, Kallar Kahar and Hattar. The new solar power plant is expected to generate around 78,385MWh annually, which would cut around 1Mt of CO 2 equivalent emissions over the lifetime of the project.

Cherat Cement Co receives approval for greenfield plant

25 June 2021, Published under Cement News

Cherat Cement Co Ltd (CHCC) has informed the Pakistan Stock Exchange Ltd (PSX) that the Board of Directors of the company, in its meeting held on 24 June 2021, has approved a greenfield cement plant installation at DI Khan, Khyber Pakhtunkhwa Province in Pakistan. According to Azam Faruque, CHCC Chief Executive, the plant will have an installed production capacity of 11,000tpd of clinker. The project's total cost is estimated to be approximately PKR34bn (US$215.4mn), with completion of...

Pakistan registers higher 11MFY21 export and 10MFY21 production

21 June 2021, Published under Cement News

The Federal Bureau of Statistics (FBS) of Pakistan has released cement export and production data for the July 2020-May 2021 (11 months) and July 2020-April 2021 (10 months) periods, respectively. Both segments of cement post rising trends in export and local production.  Export values and volumes increased during the 11MFY20-21 period, but the average export price remained weaker, reflecting a poor price market for cement and clinker. AHL Research reports that exports were climbing durin...

Flying Cement Co slates expansion to complete in 3QFY22

18 June 2021, Published under Cement News

Flying Cement Co Ltd (FCC) announced that its plant expansion in Mangowal, Kushab district of Pakistan's Punjab province is due to come online in the 3QFY22. The cement plant has an existing clinker production capacity of 4000tpd (Line I) and the company's Line II project will add a further 7700tpd to take total clinker production capacity to 11,700tpd. Out of the PKR10.2bn (US$64.8m) total projected cost for the expansion, FCC has already incurred PKR7bn. Taking into account the plant's ...

Pakistan's Federal budget 2021/22 has benefits for cement industry

16 June 2021, Published under Cement News

Pakistan’s Finance Minister, Shaukat Tarin, presented the PKR8.48trn (US$54bn) federal budget for 2021-22 in the National Assembly last week. The government had set the GDP growth target at 4.8 per cent against the expected 3.9 per cent for the outgoing financial year. In addition, Islamabad allocated a considerable fund for Public Sector Development Programme (PSDP). These indirect incentives are conducive for the cement industry in Pakistan. Research experts believe and unanimously termed...

Pakistan’s cement dispatches surge

07 June 2021, Published under Cement News

All Pakistan Cement Manufacturers Association (APCMA) has reported considerable growth in domestic and export cement dispatches for May 2021 and the 11MFY21. It registered an increase of 49.9 per cent in May 2021, when total cement/clinker dispatches were 3.947Mt against 2.634Mt in the same month of last fiscal year. In the 11MFY21, total cement dispatches stood at 52.222Mt, representing a 20.9 per cent advance when compared with 43.189Mt of cement dispatched during the 11MFY20. Ma...