Cement News tagged under: Pakistan

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Pakistan sees 44% rise in demand for March

06 April 2021, Published under Cement News

Pakistan’s cement sector posted its highest-ever monthly growth of 44.4 per cent YoY for March 2021, rising to 5.773Mt from 3.722Mt in the year-ago period on the back of an increase in domestic consumption and exports. The All Pakistan Cement Manufacturers Association reported a 42 per cent increase in local cement dispatches to 4.563Mt, compared to 3.214Mt in March 2020. Exports also advanced 60 per cent YoY from 507,480t to 810,962t. During the 9MFY20-21, total cement dispatches clim...

Maple Leaf Cement Factory awards a contract for Punjab brownfield project

25 March 2021, Published under Cement News

Maple Leaf Cement Factory Ltd (MLCFL) has signed a contract with plant supplier Chengdu Design & Research Institute of Building Materials Industry Co Ltd, China, for the supply of equipment and engineering for a 7000tpd dry-process grey clinker Line (No 4), through a brownfield expansion project in Punjab province, Pakistan.  According to a communication to Pakistan Stock Exchange (PSX) by Company Secretary, Muhammad Ashraf, the agreement was reached on 22 March to enhance its clinker p...

Cement export from Pakistan remains fragile in 8MFY21

18 March 2021, Published under Cement News

The Federal Bureau of Statistics (FBS) of Pakistan has released cement export and production data for the July 2020-February 2021 and July 2020-January 2021 periods, respectively. It shows mixed trends. Export volumes increased during this period, but revenues declined in dollar terms, reflecting a dwindling global market for cement and clinker. Meanwhile, local output increased. Export Pakistan's cement industry earned US$183.19m of export revenue by delivering 5.469Mt of cement ...

Pakistan cement sales expand 2% in February

04 March 2021, Published under Cement News

Total cement sales in Pakistan edged up two per cent YoY to 4.6Mt in February 2021, showing sharply decelerating market growth when compared with January, when the market expanded by 16.3 per cent. The drop in sales was attributed by the All Pakistan Cement Manufacturers Association (APCMA) to a considerably drop in export sales, which fell to 18.2 per cent YoY to 753,444t – the fourth-consecutive monthly decrease. Domestic sales in February 2021 increased by 6.1 per cent YoY to nearly 4...

Pakistan cement companies show significant profits during 2QFY20

02 March 2021, Published under Cement News

Pakistan’s top cement manufacturers recorded significant profitability with improved margins during the last quarter of 2020. The experts believe this trend is likely to continue in reaming quarters of the ongoing financial year.  According to an analyst of Spectrum Securities Ltd, the cement sector’s profitability continued in 2QFY21 as the bottom line of the 13 companies on the Pakistan Stock Exchange (PSX) posted profits to the tune of PKR11bn (US$69.7m) as compared to PAT of PKR5bn in...

Dewan Cement sees 77% fall in turnover

23 February 2021, Published under Cement News

Pakistan’s Dewan Cement Ltd has seen a 76.5 per cent YoY decline in net turnover to PKR948.17m (US$5.97m) for the first half of the FY20-21, compared with PKR4.04bn in the year-ago period. The company’s net loss has also expanded to PKR382.71m from PKR172.75m. In the 2QFY20-21, net turnover fell 58.5 per cent YoY to PKR931.64m while its net loss reached PKR266.59m in the quarter.

DG Khan Cement sees 161% rise in profit

22 February 2021, Published under Cement News

Pakistan’s DG Khan Cement recorded a 160.8 per cent surge in profit to PKR1.3bn (US$8.17m) for the quarter ending 31 December 2020, compared with PKR500.7m in the year-ago period. The increase has been attributed to a rise in retention prices and falling maintenance and repair costs. Sales declined 4.2 per cent YoY to PKR12.3bn from PKR12.9bn in the 2QFY19-20. Cement offtake also decreased seven per cent to 2.08Mt.

Fauji Cement sees sales up 15% YoY

22 February 2021, Published under Cement News

Pakistan’s Fauji Cement has seen a 378 per cent rise in profit to PKR905.2m (US$5.69m) for the October-December 2020 period, supported by higher retention prices. Sales also advanced 15 per cent YoY to PKR6.1bn against PKR5.3bn in the 2QFY19-20. Cement dispatches fell two per cent YoY to 914,000t.

New cement capacity in Punjab planned

22 February 2021, Published under Cement News

Fauji Cement and DG Khan Cement plan new capacity in Punjab, Pakistan. Top industry officials believed that construction activity is picking up, and that there will be a significant spend on infrastructure. Thus, both cement companies' Board of Directors have decided to invest in additional cement capacity. Fauji Cement has approved the setting up of a 2.05MMa greenfield cement plant in Dera Ghazi Khan. The project's construction work is expected to commence within the current financial y...

Power Cement records surge in revenue

18 February 2021, Published under Cement News

Pakistan’s Power Cement Ltd has seen its revenue surge to PKR6.85bn (US$43.1m) in the first half ended 31 December 2020, compared to PKR1.24bn in the year-ago period. Gross profit returned to a PKR1.69bn profit from a PKR345.6m loss in the 1HFY19-20. Net profit after tax reached PKR68.79m from a PKR365.8m loss.