Cement News tagged under: Pakistan

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Chief Minister urges quicker clearance of NOCs for Punjab cement factories

09 September 2020, Published under Cement News

Chief Minister of Punjab, Sardar Usman Buzdar, chaired a meeting yesterday at the Punjab Assembly about easing the process of setting up new cement factories in the Pakistani province. The complicated and lengthy process of establishing cement factories has slowed the pace of adding new capacity in the region. The local government wants to boost investment and new job opportunities. Sardar Usman Buzdar linked the issuance of no object certificates (NOC) for establishing a cement factory wit...

Fauji Cement announces new director

09 September 2020, Published under Cement News

Pakistan’s Fauji Cement Company Ltd has announced the appointment of Imran Moid as a director of the company, with effect from 7 September 2020. Mr Moid will take the place left by the departure of Rehan Laiq. The announcement follows news of the company’s results earlier this week.

Fauji Cement posts FY2020 loss of PKR59m

08 September 2020, Published under Cement News

Fauji Cement Co Ltd declared a loss of PKR59m (US$0.355m) for the year ended 30 June 2020. The company earned PKR2.824bn in the year ended 30 June 2019. “FCCL’s topline witnessed a decline of 27 per cent YoY to PKR3.75bn during 4QFY20 led by weaker retention prices as well as an 11 per cent dip in dispatches to 705,000t (local off-take dwindled by five per cent YoY to 700,000t),” reported Arif Habib Ltd in its analysis. In FY20 the topline suffered a decline of 17 per cent YoY as lower re...

Cement dispatches in Pakistan improve in August but fall MoM

07 September 2020, Published under Cement News

Pakistan’s cement industry recorded a growth of five per cent YoY in total dispatches from 3.351Mt to 3.52Mt in August 2019.  However, a reverse trend of 27.2 per cent was noted, when compared with the figure 4.838Mt in July 2020. According to the breakdown released by All Pakistan Cement Manufacturers Association (APCMA), the local dispatches of cement in August 2020 increased by 4.8 per cent to 2.794Mt from 2.665Mt in August 2019 while exports registered an increase of 5.8 per cent, risin...

DG Khan award electrification contract to Schneider Electric

01 September 2020, Published under Cement News

Pakistan-based DG Khan Cement Co Ltd, has chosen Schneider Electric to provide a comprehensive electrification solution for the 10,000tpd Balochistan plant. The facility will use a range of smart hard- and software and services that will fully power the site as well as optimise power usage to make the works more energy efficient and sustainable. Schneider's EcoStruxure equipment is internet-of-things enabled, allowing the operations team a full view of energy usage across the factory. Ar...

Lucky Cement profits fall to PKR3.34bn in FY20

26 August 2020, Published under Cement News

Lucky Cement Ltd has announced dismal financial results for FY19-20 (July 2019-June 2020). The company earned an after-tax profit of PKR3.34bn (US$19.8m) as compared to PKR10.49bn, reported during the same period in the previous financial year. The company attributed the drop in the profitability for the last three years mainly to increased capacities coming online locally, which has put downward pressure on margins, while input costs have continued to increase. However, as the local deman...

Pakistan cement industry earns good export revenue during July

24 August 2020, Published under Cement News

Pakistan's Federal Bureau of Statistics (FBS) has released cement export data for July 2020 (FY20-21). During this period, the industry earned good export revenue as the both value and quantity of cement exports increased on a MoM basis, but shows a mixed trend when compared with the YoY basis. Pakistan's total exports (all commodities) increased by 25.1 per cent during July 2020 to US$2bn against US$1.59bn in June 2020, the PBS data revealed. Pakistan's cement industry earned US$22.92m of...

Bangladesh's cement sector sees signs of recovery in demand

17 August 2020, Published under Cement News

Premier Cement of Bangladesh has reported that the cement sector has been showing some signs of recovery for the last two months, despite the coronavirus pandemic. The sector had been reeling from the unprecedented collapse in demand in April and May because of the pandemic, which hammered activity and brought the construction sector to a grinding halt. However, activity has begun to pick up and are now back almost to the pre-pandemic level in June and July. "The economic front of a develo...

Pakistan cement production witnessed a mixed trend in FY19-20

13 August 2020, Published under Cement News

The output of Pakistan's large-scale manufacturing industries (LSMIs) declined by 10.2 per cent in the previous fiscal year, FY19-20, compared to FY18-19, as almost all of the major manufacturing sectors posted negative growth, according to the data released by the Pakistan Bureau of Statistics (PBS). According to provisional quantum index numbers of large-scale manufacturing industries (QIM), the LSMI output declined by 7.7 per cent in June 2020, compared to June 2019, and increased by 16.8...

Exports of cement from Pakistan rise during July 20

05 August 2020, Published under Cement News

All Pakistan Cement Manufacturers Association (APCMA) has issued official dispatch data for July 2020, adding that the new fiscal has started well for the cement sector as the shipments increased by 37.8 per cent from 3.512Mt in July 2019 to 4.838Mt in July 2020 on the back of buoyant export and domestic demand. This is a significant improvement on the two per cent growth in dispatches in FY19-20, which was driven by export demand, according to APCMA. Domestic demand slipped by 0.9 per cent ...