Cement News tagged under: Pakistan
Pakistan's seaborne exports grow July 2018-March 201923 April 2019, Published under Cement NewsCement exports during the first nine months of July 2018 to March 2019 recorded a YoY growth of 32.8 per cent and 55.4 per cent in terms of value in dollar and quantity, respectively, according to Pakistan's Bureau of Statistics (PBS). The rise in cement exports came on the back of an increase in seaborne clinker and cement exports. However, exports to Afghanistan and India contracted by 17.2 and 20.1 per cent, respectively. Pakistan's cement industry earned foreign exchange revenues of... |
Pakistan cement production shrinkage in 8MFY1923 April 2019, Published under Cement NewsThe overall output of Pakistan's Large-Scale Manufacturing Industries (LSMI) fell by 1.7 per cent for July-February 2018-19 compared to July-February 2017-18, reports Pakistan's Bureau of Statistics (PBS). On a further negative note, the LSMI output decreased by 1.5 per cent in February 2019 compared to February 2018, and by 5.1 per cent when compared to January 2019. Output in July-February 2018-19 as compared to July-February 2017-18 has decreased in food, beverages and tobacco, petcoke ... |
Pakistan's cement and construction FDI continue to slide23 April 2019, Published under Cement NewsThe State Bank of Pakistan (SBP) has reported a contraction of investment for local industries including cement during 9MFY19. According to central bank, total foreign direct investment (FDI) into country during first nine months of ongoing financial year, July 2018-March 2019, fell by 51.4 per cent. The SBP data shows that the country received investment worth US$1.27m during the first nine months of current fiscal year, down more than 50 per cent from US$2.62m in the same period last y... |
Fauji Cement profits surge 15%22 April 2019, Published under Cement NewsFauji Cement Company Ltd (FCCL), Pakistan, posted earnings of PKR2.4bn (USD16.99m), up by 15 per cent YoY for the nine months ended March 31 in FY2019. Net sales declined by 1.07 per cent to PKR15.64bn, from PKR15.81bn, primarily owing to drop in local dispatches. Over the period, distribution costs fell by 4 per cent to PKR183m, but administration expenses increased by 8 per cent to PKR 295m. |
Pakistan's exports to South Africa fall after anti-dumping duty18 April 2019, Published under Cement NewsPakistan’s cement exports to South Africa have significantly fallen over the last two years as a result of the anti-dumping duty imposed by the South African government, according to Mohammad Rafiq Memon, chairman of the Pakistan-South Africa Business Forum (PSABF). The value of cement exports to the country has reportedly decreased to around US$100-150m from US$700m recorded prior to the imposition of the duty. "We are trying our best to get this issue resolved but Pakistan’s Ministry of... |
Maple Leaf Cement set to begin production at new 7300tpd line17 April 2019, Published under Cement NewsPakistan’s Maple Leaf Cement has announced that it expects to start commercial production of clinker from its new 7300tpd line in Iskandarabad, Punjab province, next week. "After successful phase-wise commissioning test of installed equipment, the plant is in a trial run state," the company stated in a filing to the stock exchange. "Commercial production from new line of 7300tpd is expected to commence next week." The brownfield expansion is forecast to take total production at the plant ... |
Power Cement expansion runs smoothly17 April 2019, Published under Cement NewsPower Cement of Pakistan has released a progress report on the implementation of the Nooriabad expansion project for the quarter ended 31 March 2019. In view of the ongoing progress, a new date for trial production would be announced soon, according to a company official. The original expected date for trial production was June this year. Power Cement is implementing an ambitious expansion plan to install a new line of 7700tpd at the company's existing site Nooriabad Industrial Area, Kal... |
Attock Cement commences trial production at Iraqi grinding unit17 April 2019, Published under Cement NewsAttock Cement Pakistan Ltd (ACPL) has further updated Pakistan Stock Exchange (PSX) about its Iraq project. Trial production at the newly-constructed cement plant has now commenced, according to company. In the beginning of this year, the company also announced that the entire civil, mechanical and electrical work at its joint venture cement grinding unit in Basra, Iraq, was at the commissioning stage. A local research house also highlighted that ACPL's 0.9Mta Iraq project is currentl... |
Attock Cement profit shrinks by 25% in 9MFY1912 April 2019, Published under Cement NewsAttock Cement Pakistan Lt (ACPL) has announced its financial result for nine months period ended 31 March 2019 by declaring a net profit of PKR1.376bn (US$9.715m), down by 25 per cent YoY, as compared to PKR1.826bn in the same period last year. Net sales of the company during the 9MFY18-19 increased by 36 per cent to PKR16.15bn. Analysts attribute the rise in sales to stable growth in domestic sales, a considerable advance in clinker export sales and a positive impact of the country's cur... |
Lucky Cement wins Corporate Excellence Award11 April 2019, Published under Cement NewsLucky Cement Ltd has won the Management Association of Pakistan's (MAP) Corporate Excellence Award in the cement sector category. Syed Noman Hasan, executive director of Lucky Cement Ltd, received the award at the 34th MAP Annual Corporate Excellence Award Ceremony held in Karachi on 9 April 2019. The Corporate Excellence Awards was instituted by MAP in 1982 with the sole aim to recognise and honour companies showing outstanding performance and demonstrating progress and enlightened manage... |