Cement News tagged under: Pakistan
Cement exports on the rise15 April 2016, Published under Cement NewsAs global cement capacity continues to rise against a limited demand increase, there is a swell of cement producers chasing ever-smaller export markets across the globe. News this week that Saudi Arabia has lifted its ban on exports will increase pressure on prices in the Middle East region. The Saudi Arabian export ban had been in place since 2012 when it was renewed from an earlier 2008 period of export control. While lifting of the ban provides a good opportunity for Saudi producers to ... |
Cement price dispute rages in Pakistan14 April 2016, Published under Cement NewsThe Pakistan cement industry and the Association of Builders and Developers of Pakistan (ABAD) are loggerheads with each other on the price of cement price. Both players are advocating their point of views and are appealing to the government to safeguard their industries, and the current and future investment in their respective sectors. While defending, Chairman of All Pakistan Cement Manufacturers Association (APCMA), Mohammad Ali Tabba, said in a statement that the cost of doing bu... |
Pakistan: Kohat Cement WHRP starts operation08 April 2016, Published under Cement NewsKohat Cement Company Ltd (KCCL) has informed Pakistan Stock Exchange (PSE) that its waste heat recovery project (WHRP) at Kohat, Khyber Pakhtunkhwa province, has been successfully set up and has started generating electricity since 1 April 2016. Khurram Shahzad, company secretary of Kohat Cement Co, stated that the new WHR plant was imported from China and its construction represents an estimated cost of PKR1.8bn (US$17.1m). As of March 2016, Kohat has a cement production capacity of 2.... |
Pakistan: cement industry excels in March07 April 2016, Published under Cement NewsPakistan's cement industry has returned an excellent performance in terms of domestic and export fronts during the month of March. It has recorded its highest ever monthly dispatches of 3.584Mt on the back of healthy growth in domestic consumption and turnaround in exports, thus enabling it to utilise more than 90 per cent of installed capacity during March. According to All Pakistan Cement Manufacturers’ Association (APCMA), cement dispatches to domestic markets during March increased by ... |
Pakistan: cement exports fall YoY but are up MoM01 April 2016, Published under Cement NewsPakistan’s cement industry recorded a noticeable fall in exports during the first eight months of the FY15-16 on the back of falling demand, competition and other issues. The data released by the Pakistan Bureau of Statistics (PBS) revealed that Pakistan exported 4.01Mt of cement and earned export revenue of US$219.67m during July-Feb 2016, down by 27.9 per cent and 32.2 per cent in terms of quantity and value in dollars, respectively. Last year export volumes reached 5.57Mt, with a value ... |
Iran offers export of cement to Pakistan under barter31 March 2016, Published under Cement NewsIran has reportedly offered to export cement on barter basis following a trade mission to Pakistan, led by the country's president, Hassan Rouhani. Pakistan's Ministry of Commerce on its part is exploring various avenues to enhance bilateral trade to US$5bn in five years, in accordance with the vision of the top political leadership of the two countries. Separately, Khouzestan Morteza Lotfi, managing director of Fars Cement Holding Company, Iran, told media that his country has agreed to e... |
Pakistan: new trade policy carries incentive for cement export21 March 2016, Published under Cement NewsPakistan’s government plans to increase country cement exports and other commodities, in particular though the Strategic Trade Policy Framework (STPF) 2015-18. The government will provide PKR20bn (US$190m) for the implementation of the policy for the next three years. For this fiscal year, PKR6bn has already been earmarked. The government is likely to provide freight subsidies on cement exports to Africa. Measures will be taken to increase the share in other potential markets such as ... |
Pakistan: APCMA calls for federal exise duty reduction17 March 2016, Published under Cement NewsThe All Pakistan Cement Manufacturers Association (APCMA), in its budget proposal, has recommended a reduction in federal excise duty (FED) to be stepped to zero to alleviate the cost pressure on locally-manufactured cement, which is facing competition from Iranian imports. The Daily Times reports that in the budget proposal sent to Federal Board of Revenue (FBR), APCMA Chairman Muhammad Ali Tabba stated that the cement industry is subject to FED at the rate of five per cent of retail price... |
DG Khan: southern expansion progressing well15 March 2016, Published under Cement NewsPakistan producer DG Khan Cement has reported that its southern expansion project is progressing well and is scheduled for commissioning in 2QFY18. The 2.7Mta plant, which will involve an investment of US$275m, is being established in the Balochistan province of Pakistan. According to the company's half-year results, a letter of credit for the mills and and packing plant has been opened in favour of Loesche GmbH and Haver & Boecker of Germany. Civil work contracts for the project have be... |
Pakistan seven-month cement exports volumes and revenues decline14 March 2016, Published under Cement NewsPakistan cement export volumes reached 393,391t on revenues of US$21.1m in January 2016, down 9.52 and 7.8 per cent, respectively compared to the previous month. On an annual comparative basis, the there was a 15.28 per cent decline in volume terms and a 19.14 per cent fall in revenue. During the first seven months of the current fiscal, cumulative exports reached 3.496Mt (US$191.55m) versus 5.045Mt at US$294.71m. This also translates to a YoY fall of 30.69 and 35 per cent in terms of qua... |