Cement News tagged under: Pakistan
Mixed dispatches expected for Pakistan's cement sector in FY1919 July 2019, Published under Cement NewsPakistan's cement industry is likely to report mixed dispatches data for FY19. According to a sector research report released by Topline Securities, domestic dispatches will drop by three per cent, while total dispatches will increase one per cent in FY19 with the sales mix shifting in favour of overseas exports by southern players. Cumulatively, exports are expected to increase 37 per cent with cross-border exports (Afghanistan and India) falling by 19 per cent while seaborne exports are... |
Pakistan attracts lesser FDI in FY1918 July 2019, Published under Cement NewsPakistan received a net foreign direct investment (FDI) of US$1.737bn in last financial year, FY18-19 compared to US$3.471bn in July-June 2017-18. This translates a fall of 50 per cent foreign direct investment in the country industrial sector, including construction and cements industry, says a report of State Bank of Pakistan (SBP). A breakdown of SBP data shows that the net total FDI in the cement and construction sectors decreased 38.9 per cent YoY in the 12-month period. Out of th... |
Pakistan cement distributors to decide action plan17 July 2019, Published under Cement NewsDispatches from cement plants are still facing unrest in Pakistan. The government's new tax policy has been opposed and has led to continue the continued protests since 1 July. The All Pakistan Cement Distributors Association (APCDA) has supported the action following the government's introduction of new tax measures in the federal budget 2019-20. To move forward, APCDA has called a of the association's general body today to discuss all tax-related matters, ie withholding tax and different... |
Pakistan's State Bank releases 3QFY19 cement report16 July 2019, Published under Cement NewsThe State Bank of Pakistan's third quarterly report on the state of the country's economy shows the pace of economic growth slowed down considerably during FY19. This was mainly in response to the policy measures taken to curb the twin deficits. These measures affected the performance of the industrial sector and dampened manufacturing activities in the country. According to the report, cement production recorded contraction of 5.4 per cent during July-March FY19, compared to double-digit ... |
Bestway Cement wins Annual Environmental Excellence Award 201916 July 2019, Published under Cement NewsBestway Cement Ltd (BCL) has won the16th Annual Environment Excellence Awards 2019 for its vision and effective implementation of environmentally-friendly policies at all of its four plants in Hattar, Farooqia, Chakwal and Kallar Kahar, Pakistan. The event was organised last week in Karachi by the National Forum for Environment and Health (NFEH). Bestway is a pioneer in establishing Pakistan’s first waste heat recovery power plant (WHRPP) at a cost of US$47m. It is one of the few companies... |
Lucky Cement wins Environment Excellence Award 201911 July 2019, Published under Cement NewsLucky Cement Ltd won the Environment Excellence Award at the 16th Annual Environment Excellence Awards 2019, organised by The National Forum of Environment and Health (NFEH). The award ceremony was held at a local hotel on 9 July 2019. Lucky Cement received the award in recognition to its commitment towards energy conservation and contribution towards protecting the overall environment for a greener Pakistan. The Annual Environment Excellence Awards are the benchmark for environmental stan... |
Kohat Cement makes top changes09 July 2019, Published under Cement NewsKohat Cement Company Ltd (KCCL) has informed Pakistan Stock Exchange (PSX) that the Board of Directors have appointed Aizaz Mansoor Sheikh as Chairman and Nadeem Atta Sheikh as CEO for a term of three years commencing from 8 July 2019. Kohat Cement has a capacity of 2.677Mta at its Kohat plant in Khyber Pakhtunkhwa province, Pakistan. |
Mounting challenges for Pakistan cement producers08 July 2019, Published under Cement NewsPakistan's cement industry faces strong headwinds with new tax measures, an increase in gas and electric prices, unrest among cement distributors and retailers, dwindling local demands and negligible export to neighbouring countries, says a local research house. BMA Capital Management reports that challenging demand/supply outlook amid rising cost of operations triggered by supply chain constraints, a rise in federal excise duty (FED), etc has led to added pressure on cement prices. The e... |
Attock Cement seeks transportation services for cement05 July 2019, Published under Cement NewsAttock Cement Pakistan Ltd (ACPL) has issued a tender for transportation services of cement in the southern zone. Offers are invited for transportation from ACPL Factory Hub Chowki, Lasbella, Baluchistan to Karachi City and at ports during the July 2019-June 2020 period. According to an announcement of company, tender is for transportation of bulk cargo for distribution in Karachi and export from ports. Bids are due in on 18 July. In the highly-competitive field of exports, ACPL has suc... |
Cement dealers not picking cement from factories05 July 2019, Published under Cement NewsThe protest of All Pakistan Cement Distributors Association (APCDA) has entered in its fourth day and quantity of dispatches from factories are fast receding and may cause shortage in country, according to an electronic media report. The dispatches of cement from cement factories to local dealers across Pakistan have been partially disturbed from 1 July 2019 owing to protest of All Pakistan Cement Distributors Association (APCDA) on introduction of new tax measures in the federal budget... |