Cement News tagged under: Pakistan

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Cherat Cement Co kicks off Line 4 greenfield project

15 September 2021, Published under Cement News

Cherat Cement Co Ltd (CHCC), during a financial briefing on 13 September 2021 updated about its planned Line 4 greenfield expansion of 10-11,000tpd at DI Khan, Khyber Pakhtunkhwa province in Pakistan. The completion of the project is expected in three years. The expansion represents an investment of PKR34bn (US$202.1m). The financing structure includes 70 per cent of the total cost will be debt component and the remainder will be equity. The company has obtained PKR5bn for this cap...

Coal handling capacity to increase at Port Qasim

13 September 2021, Published under Cement News

To coincide with the pace of growth in the cement industry, Pakistan International Bulk Terminal (PIBT) has announced it plans to increase its coal-handling capacity at Port Qasim in Pakistan at a ‘marginal cost’ of up to US$70m over 2-3 years. The increase in demand for imported coal is primarily attributed to economic recovery driven by the relief measures taken by the Government of Pakistan (GOP) to mitigate the effects of COVID-19, which include a favourable package for construction, low...

Thatta Cement Co increases Sindh’s capacity

10 September 2021, Published under Cement News

Thatta Cement Co Ltd has completed its increases in clinker and cement capacities at its plant in Makli, Thatta district, Sindh province, Pakistan. The company shared this update with the Pakistan Stock Exchange Ltd about important material information earlier this week. The company has completed in-house modifications and improvements in the processes of the existing plant. Its technical team has completed the trials and testing process. Due to earlier changes and improvements, the ...

Pakistan’s local cement dispatches rise, exports decline in 2MFY22

06 September 2021, Published under Cement News

All Pakistan Cement Manufacturers Association (APCMA) released dispatch figures for August 2021 with a positive note that the cement sector posted growth of 22.8 per cent in August 2021 by dispatching 4.336Mt when compared with 3.531Mt during the same month of the previous fiscal year. Out of this total, local dispatches increased to 3.814Mt from 2.805Mt, up 36 per cent. However, exports continued to decline as the volumes reduced by 28.2 per cent from 726,687t in August 2020 to 521,468t in...

Pakistan cement exports have a subdued July

01 September 2021, Published under Cement News

Pakistan began export of cement and clinker in the first month of new fiscal (July 2021) with lower value and quantities, MoM and YoY. All Pakistan Cement Manufacturers Association (APCMA) attributes the declining trend in local and export dispatches to monsoon rains and the stoppage of construction activities due to Eid-ul-Azha across the country.   According to the Federal Bureau of Statistics (FBS), Pakistan's cement industry earned export revenue of US$11.967m by dispatching of 299,...

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...