Cement News tagged under: Pakistan
Pakistan producers bring prices down18 December 2014, Published under Cement NewsPakistan cement producers have reduced prices by PKR5-23/bag, passing on the cut in the prices of petroleum products and coal, according to a recent market survey. Bestway Cement reduced the price to PKR492 from PKR502/bag (US$5), Dewan Cement to PKR490 from PKR510/bag, Cherat Cement to PKR495 and Lucky Cement slashed the price to PKR497 from PKR520/bag, according to a report by local press. The wholesale price of a cement bag has declined to PKR472 and PKR480 in Khyber Pakhtunkhwa and ... |
Pakistan monthly sales up 11% YoY08 December 2014, Published under Cement NewsPakistan’s cement dispatches rose by 11 per cent YoY in November 2014 to 3Mt largely thanks to higher domestic demand and exports from the northern region. According to the All Pakistan Cement Manufacturers Association (APCMA), consumption in the north rose by 13 per cent YoY whereas in the south the increase was just two per cent. Exports during the month improved by 10 per cent YoY, driven by a 14 per cent rise in dispatches from northern-based plants. This came as welcome news as d... |
Pakistan: Port Qasim PIBTL starts civil works28 November 2014, Published under Cement NewsCivil works have started on the bulk cement handling project at Port Qasim of Pakistan International Bulk Terminal Ltd (PIBTL). Earlier this year, PIBTL awarded the PKR12.5bn EPC contract to China Harbour Engineering Co Ltd (CHE). The technical specifications relating to the plant and the equipment were finalised and PIBTL has appointed a German consultant to procure the equipment, which is expected to be finalised in the coming year. PIBTL will be the country's first terminal to hand... |
Pakistan: Cherat Cement to construct new 1.3Mta plant28 November 2014, Published under Cement NewsCherat Cement will construct a new plant with a cement capacity of over 1.3Mta. The project will cost PKR12bn (US$118m) and take 30 months to deliver. The new works will take the company’s overall production capacity up to 2.4Mta. Executive director at Cherat Cement, Abid A Vazir, explained that the facility is being built due to the increase in domestic demand, and is also expected to further increase the company’s market share and profitability. Highlighting financial performance, Yas... |
Pakistan records 4% drop in cement exports25 November 2014, Published under Cement NewsIn the first four months of FY14/15, Pakistan’s cement producers and exporters exported 3.116Mt of cement, down 3.8 per cent YoY. The total value of the shipments fell by three per cent from US$189.77m to US$184m. While volumes were down the average export price of cement rose by 0.58 per cent to US$58.57/t in 4MFY14/15 from US$59.04/t in 4MFY13/14, according to Pakistan’s Federal Bureau of Statistics. The MoM data also show a negative trend as the country exported 687,174t of cement a... |
Pakistan sales up 8.87% in first four months of FY14-1510 November 2014, Published under Cement NewsPakistan cement sales increased by 8.87 per cent to 8.197Mt during the first four months of the current fiscal year, latest data by All Pakistan Cement Manufacturers Association (APCMA) shows. In July-October, exports of cement decreased 4.43 per cent to 2.79Mt over the same period last fiscal year. Cement factories in the North Zone dispatched 6.872Mt during the July-October period, up 10.4 per cent YoY. Exports from the north, however, declined by 12.3 per cent to 1.742Mt. Cement fac... |
Pakistan exports continue to fall in first quarter05 November 2014, Published under Cement NewsPakistan cement exports continued to fall in the first quarter of FY14-15, largely due to declining shipments to its biggest market of Afghanistan. Export volumes in the July-September 2014 period fell by 3.85 per cent to 2.436Mt while revenues were down 3.22 per cent to US$ 142.77m. In terms of the Pakistan rupee, revenues also showed a 5.38 per cent drop to PKR14.36bn. On a slightly more positive note, the average export price of cement inched ahead by 0.58 per cent YoY to US$58.59/t.... |
Lafarge03 November 2014, Published under Cement NewsLafarge WAPCO Cement Nigeria, one of Lafarge's two main subsidiaries in Nigeria, has reported a 6.3 per cent increase in turnover to NGN74.27bn (US$492m) for the first nine months of 2013, giving rise to a pretax profit of NGN20.66bn. In the third quarter, the pretax profit jumped by some 65 per cent, though turnover was just five per cent ahead, as the three-week maintenance period that was taken in the comparative period last year and led to the import of clinker, did not re-occur this ti... |
Pakistan: Lucky Cement first-quarter profit up 4.8%31 October 2014, Published under Cement NewsLucky Cement Ltd, Pakistan’s leading cement producer, saw a 4.8 per cent rise in net profit for the first quarter of the current Pakistan fiscal to PKR2.669bn (US$26m). Earnings per share (EPS) during the July-September 2014 period increased to PKR8.25 against PKR7.87 in the corresponding period last year. Gross profit increased by 5.9 per cent during the quarter as its net sales revenue improved by 12.2 per cent to PKR10.470bn against PKR9.332bn of the corresponding period last year. Loca... |
Fauji Cement first-quarter profit edges ahead29 October 2014, Published under Cement NewsPakistan-based producer Fauji Cement on Tuesday announced a net profit of PKR602m (US$5.8m) during the first quarter (Jul-Sep) of the current fiscal, up three per cent YoY. Earnings per share increased to PKR0.45 from an EPS of PKR0.44 during the period under review. Earnings surged by 50 per cent QoQ because of the absence of a preferred dividend, which was recorded at PKR273m during the fourth quarter of FY14 and a lower tax rate of 32 per cent (versus 54 per cent in 4QFY14). Revenue... |