Cement News tagged under: Pakistan
Pakistan's Popular Group acquires Dadabhoy Cement13 December 2019, Published under Cement NewsPopular Group of Pakistan has officially announced the purchase of a private-sector cement manufacturing facility in Sindh province of Pakistan. The announcement says, "It is hereby notified for the information of general public that Dadabhoy Cement Factory has been purchased by Popular Group, and now its name has been changed to Popular Cement Industries (Pvt) Ltd." Popular Cement Industries will start its cement production soon, the announcement concludes. The company's plant in Dadu ... |
Pakistan exports record buoyant growth in 5MFY201013 December 2019, Published under Cement NewsExports from Pakistan during July-November 2019 witnessed a growth of 4.8 per cent against the same period of 2018, said Pakistan Bureau of Statistic (PBS). The data is yet to give breakdown of exports, but it is believed that export of cement has also increased during this period. According to PBS, during July-November 2019 the country exported various goods and services worth US $9.545bn against July-October 2018’s exports of US$9.109bn, reflecting an increase of 4.9 per cent in the coun... |
Maple Leaf to elect new directors13 December 2019, Published under Cement NewsMaple Leaf Cement Factory Ltd has announced that an Extraordinary General Meeting of the members of will be held on Tuesday, 31 December 2019 in Lahore, to elect eight directors of the company, as fixed by the Board of Directors, in accordance with the provisions of Section 159 of the 2017 Companies Act for a term of three years commencing 31 December 2019 in place of the retiring directors. The directors expected to retire from the board are: Tariq Sayeed Saigal, Sayeed Tariq Saigol, Tauf... |
Power Cement starts new production lines11 December 2019, Published under Cement NewsPower Cement Ltd (PCL) has informed Pakistan Stock Exchange (PSX) that its new 7700tpd clinker production plant has started producing clinker from 10 December, says a notification sent by Company Secretary, Tahir Iqbal. PCL has been in process of installation of its two plants, namely a 7700tpd 'clinker production plant' and an 8800tpd 'cement production and dispatch plant' – increasing its capacities to 10,700tpd of clinker and 12,100tpd of cement, respectively. With this installation, PC... |
10Mta of new cement capacity to come on-stream in Pakistan06 December 2019, Published under Cement NewsA big number of capacities will be added in Pakistan's cement industry, later this month and in early next year, according to market analysts. Current capacity projects are forecast to add around 10Mta of extra capacity to the present 59.42Mta. This is expected to lead to higher levels of competition and price wars in the coming year. According to IMS Research, from December 2019 onwards, the northern market will see multiple expansions with Lucky Cement (2.6Mta in December 2019), Kohat ... |
Pakistan cement dispatches grow strongly in 5MFY19-2005 December 2019, Published under Cement NewsAll Pakistan Cement Manufacturer Association (APCMA) has released dispatch data for November and for the five months of July-November 2019. According to APCMA, Pakistani cement dispatches in July-November 2019 increased 2.9 per cent YoY to 16.854Mt, while exports were up 21.5 per cent YoY to 3.608Mt. Overall cement dispatches grew by 5.8 per cent to 20.462Mt. In November 2019 the country's cement industry dispatched 3.538Mt to the domestic market, representing a YoY expansion of 5.1 per ce... |
Pakistan's dispatches to grow in 5MFY19-2002 December 2019, Published under Cement NewsAll Pakistan Cement Manufacturers Association (APCMA) is yet to release dispatches data for November and five months of July-November 2019, yet local experts are optimistic that cement sales are expected to grow eight per cent to 4.3Mt in November 2019 YoY, and five per cent YoY to 20.3Mt during the first five months of the current fiscal year of 2019/20. According to research report of Topline Securities, the industry sales, however, are likely to drop by 15 per cent in November 2019 MoM ... |
Pakistan to set up construction and infrastructure board28 November 2019, Published under Cement NewsAn indirect development may stimulate demands for cement in country, following meeting of stakeholders in Islamabad yesterday. A delegation of Construction Association of Pakistan, headed by Eng Arshad Dad Khan, called on Prime Minister, Imran Khan, at his office, wherein Minister for Planning, Asad Umar, was also present during the meeting. The delegation appreciated the vision of the prime minister in approving the construction sector as 'industry' and the steps being taken by the pre... |
Pakistan's cement production falls in 1QFY19-2026 November 2019, Published under Cement NewsThe Pakistan Federal Bureau of Statistics (PBS) has released the latest data for large-scale manufacturing industries (LSMI) for the period July-September 2019. It posts a negative trend in Pakistan's manufacturing sector during 1QFY19-20, including the mixed cement production statistics during this assessment period. The overall output of LSMI decreased by 5.9 per cent for July 2019-September 2020 compared to the year-ago period. Pakistani cement production fell by 1.5 per cent to 9.2Mt ... |
PIBT shows consistent performance in 1QFY19-2026 November 2019, Published under Cement NewsPakistan International Bulk Terminal Ltd (PIBT) has handled 2.191Mt cargo, for the quarter ended 30 September 2019, against 2.14Mt in the same period last year, depicting consistent performance in handling import of coal for cement and other industries. PIBTL earned a net profit of PKR479.14m (US$3m) against a loss of PKR105m during this accounting period. The company's Board of Directors reiterated its commitment to efficiently operate Pakistan's first state-of-the-art mechanised bulk c... |