Cement News tagged under: Pakistan

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Cherat Packaging Ltd expands its production lines

01 March 2022, Published under Cement News

Cherat Packaging Ltd has successfully installed and commissioned its fourth line of polypropylene plant for producing cement bags. The fourth line of polypropylene cement bag manufacturing plant has again been acquired from leading European supplier Windmoeller & Holscher Group. With this expansion, the production capacity of the company has increased from 195m to 260m polypropylene bags per annum. The plant has been commissioned at the existing factory site of the company in Gadoon Am...

Pakistan's cement and clinker exports decline

22 February 2022, Published under Cement News

Pakistan's cement and clinker exports have decreased in the  first seven months of the FY21-22.  According to local analysts, historically, when domestic demand is booming, exports take a backseat, and when the domestic market is slowing down, exports contribute a critical share in total sales. It makes more economic sense to sell domestically where prices are more desirable and less competitive. The Indian supply has not been restored to date, and there is no momentum in dispatches to Kabul...

Pakistani cement dispatches contracted in 7MFY22

03 February 2022, Published under Cement News

According to the data released by All Pakistan Cement Manufacturers Association (APCMA), total local and overseas cement dispatches declined by 16.6 per cent 3.95Mt in January 2022 against 4.73Mt dispatched during the same month of last year. The breakdown of data shows local cement dispatches by the industry during January 2022 were 3.4Mt compared to 4.04Mt in January 2021, showing a reduction of 15.9 per cent. However, exports saw a massive decline of 20.7 per cent as the volume fell from ...

Mixed trend in export and production observed in Pakistan

25 January 2022, Published under Cement News

Pakistan's cement and clinker exports have reported mixed trends in the earlier part of FY2021-11. A local research house attributed the results to a drop in exports from the southern part of the country, leading to a subdued performance. Exports The Pakistan cement industry earned US$143.76m in export revenue by dispatching 3.921Mt of cement and clinker overseas in the 6MFY21-22 (July-December 2021), compared to US$142.92m from 4.325Mt of exports in the year-ago period. As a resu...

Power Cement sign deal for 7MW power plant

10 January 2022, Published under Cement News

Power Cement Ltd has signed an agreement to set up a 7MW solar power plant at its existing site in Jamshoroo, Sindh state, Pakistan. Power Cement has decided to explore environment-friendly renewable energy solutions without incurring any major capital expenditures. " The company has signed an agreement with Burj Solar Energy (Private) Ltd for procurement of electricity on a fixed tariff (around 40 per cent lower than the existing grid tariff) for the next 20 years," a company bourse fil...

Pakistan cement records dismal performance in December

06 January 2022, Published under Cement News

According to the data released by the All Pakistan Cement Manufacturers Association (APCMA), total cement dispatches declined by 4.2 per cent in December 2021 to 4.59Mt from 4.79Mt dispatched during the same month last fiscal year.   AKD Research referred to this dismal performance to seasonality but expressed hope that the local demand remains vital for FY22 as economic activity continues to pick up where the private sector is expected to provide significant support to demand. Out ...

Fauji Group receives largest syndicated cement financing project

04 January 2022, Published under Cement News

Pakistan's Fauji Group, parent company of Fauji Cement Co Ltd (FCCL) and Askari Cement Ltd (ACL), has announced the signing of PKR37.4bn (US$212.2m) syndicated term loan facilities for an expansion programme from a local banking consortium, led by Habib Bank Ltd (HBL).  The facilities, which have a combined project cost of PKR60bn (including a debt component of PKR37.4bn), will be used to enhance the company's total production capacity to 10Mta, making it the second-largest cement produce...

Two Pakistan cement plants complete power projects

04 January 2022, Published under Cement News

Attock Cement Pakistan Ltd (ACPL) and Flying Cement Co Ltd (FCCL) have both opened new power plants in Pakistan. ACPL informed the Pakistan Stock Exchange that its 20MW solar power plant project has been completed at Hub Chowki, Lasbella in Baluchistan. According to ACPL Company Secretary, Irfan Amanullah, the solar power project was implemented at an estimated cost of PKR1.8bn (US$10.19m) in collaboration with lead consultant Attock Energy Pvt Ltd and leading Chinese suppliers.  Meanwhil...

Kohat Cement establishes a letter of credit for Punjab plant

30 December 2021, Published under Cement News

Kohat Cement Co Ltd (KOHC) has informed Pakistan Stock Exchange (PSX) that the company has established a letter of credit for the import of plant and equipment for the pyro-process optimisation of its 6700tpd grey cement production line at Khushab in Punjab. On 17 February   2021, the company approved, subject to all regulatory approvals, setting up of 7800- 10,000tpd cement plant (along with 8-10MW waste heat recovery and 25MW coal-fired power plants), in Khushab. The estimated cost of ...

Pakistan sees exports surge in November

22 December 2021, Published under Cement News

Pakistan's cement and clinker exports has reported mixed results between July 2021 and November 2021. According to a research house, exports observed a negative trend on a cumulative basis driven mainly by the political crisis in Afghanistan, as exports from the north reportedly remained disturbed. Elsewhere, exports from southern plants posted nominal growth. The industry earned US$115.99m in export revenue by dispatching 3.20Mt of cement and clinker overseas in the 5MFY21-22 (1 July-31 No...