Cement News tagged under: Pakistan

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Pakistan cement production rises 27% in 12MFY21

31 August 2021, Published under Cement News

The overall output of the Large-Scale Manufacturing Industries Index (LSMI) in Pakistan increased by 14.9 per cent for July 2020-June 2021 compared to July 2019-June 2020, including local cement production, FBS estimated. Industry attributes the increase in production on the back of a boost in local demand by housing schemes. During the last fiscal year of July 2020-June  2021, Pakistan's cement production increased by 27.3 per cent, YoY to 49.803Mt compared to 39.121Mt in the preceding ...

Cherat Cement sees turnover rise 47% YoY

31 August 2021, Published under Cement News

Pakistan's Cherat Cement Co has posted a profit of PKR3.21bn (US$19.29m) for the financial year ended 30 June 2021, according to a bourse filing. The company had recorded a loss of INR1.89bn for the FY19-20. Net turnover also advanced 47 per cent YoY to INR25.21bn in the FY20-21, compared to INR17.09bn in the previous year.

Pakistan anticipates rise in cement exports to Afghanistan

26 August 2021, Published under Cement News

On 15 August the Taliban took over Kabul and declared their rule over Afghanistan. Taliban spokesperson Zabihullah Mujahid said at his first press conference that the Taliban would continue trading with neighbouring countries and steps would be taken to promote trade. Business people and traders in Pakistan widely welcomed the announcement and the Pakistan stock exchange (PSX) and the country's bilateral trade with Afghanistan saw a short term sudden rise.   According to Spectrum Resear...

Lucky Cement reports consolidated earnings of PKR28.2bn for FY21

10 August 2021, Published under Cement News

Pakistan-based Lucky Cement Ltd reported a consolidated profit after tax of PKR28.23bn (US$172.46m) against PKR 7.1317bn in the previous fiscal year. The company achieved a consolidated gross turnover of PKR267.73bn, which is 64 per cent higher as compared to last year’s turnover of PKR162.87bn. The PAT of the cement segment (holding company) grew by 3.21 times during the year under review due to improved margins and sales volumes. The increase in sales volumes was attributable to the ...

APCMA expects pick up after dismal start to FY21

05 August 2021, Published under Cement News

All Pakistan Cement Manufacturers' Association (APCMA) released total dispatches data for July 2021, which indicate a market contraction of 19.4 per cent to 3.899Mt in the first of month of the new fiscal year, FY21-22. APCMA attributes the declining trend to monsoon rains and the stoppage of construction activities due to Eid-ul-Azha across the country. A representative of APCMA expressed concerns about the slide in demand. However, he was hopeful that the cement industry would rega...

New northern Pakistan crushing site planned

04 August 2021, Published under Cement News

The Khyber Pakhtunkhwa Provincial government of Pakistan has   planned a limestone mining/crushing site at Khanpur for the cement industry. The scheme has been approved by the Cabinet and the Assembly as Annual Development Plan (ADP) in the FY21-22 financial budget for the country's northern area.    KP Chief Minister Special Assistant on Mining, Arif Ahmadzai, informed the media that the KP Mines Department had awarded rights for establishing stone crushers near Khanpur Dam, cov...

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.