Cement News tagged under: Pakistan
FDI declines in cement and construction industry in 6MFY1921 January 2019, Published under Cement NewsPakistan received a total foreign direct investment (FDI) of US$1.31bn during the first six months of FY18-19 (July -Dec), compared to US$1.63bn received in corresponding months of last fiscal year. This translates a YoY fall of 19.17 per cent, says the State Bank of Pakistan (SBP). Out of which, Pakistan's cement and construction industry received foreign direct investment (FDI) of US$312.1m during the six months of FY18-19 (July -Dec), compared to US$380.50m received in corresponding mo... |
Maple Leaf Factory's new line more than 60% complete15 January 2019, Published under Cement NewsMaple Leaf Cement Factory Ltd is making progress on its expansion project. The company is setting up an additional 7300tpd dry-process clinker production line as a brownfield expansion at the company's existing site in Iskandarabad, Mianwali, Punjab, increasing grey cement capacity to 18,000tpd. FLSmidth won an EPC contract for the project. The total project is now estimated at a revised cost of PKR26bn (US$186.1m) including the impact of recent devaluation of Pakistani rupee. The project... |
Pakistan cement companies expect mixed results for 6MFY1914 January 2019, Published under Cement NewsPakistan cement companies are scheduled to announce their financial results for the second quarter and six months of FY18-19 in coming months. Top cement companies are expected to post a growth of over two per cent QoQ, or 37 per cent YoY decline for 1HFY19. According to a research report of IGI Finex Securities Ltd, based on provisional numbers, volumetric sales depict a modest four per cent YoY growth during 1HFY19, primarily owing to healthy exports growth of 48 per cent YoY, while loca... |
Thatta Cement Co director resigns09 January 2019, Published under Cement NewsThatta Cement Co Ltd has informed the Pakistani stock exchange that Shahzad Sabir resigned as Director from the Board of Directors with effect from 7 January 2019. |
Cement exports sliding for the last five years to Afghanistan02 January 2019, Published under Cement NewsExport of cement from Pakistan to Afghanistan through land routes has started dwindling from the fiscal year 2010-11. During that period it was hovering at 4.715Mt and made Afghanistan a leading importer of Pakistan cement. According to the All Pakistan Cement Manufacturers Association(APCMA), since then, exports have started sliding and reached to 2.439Mt in 2015-16, 1.716Mt in 2016-17 and 1.820Mt in 2017-18, whereas, exports in the five months of 2018-19 stood at 808,045t for Afghanistan... |
Challenges to grow in 2019 for Pakistan cement sector02 January 2019, Published under Cement NewsPakistan's cement industry is likely to face a number of challenges in 2019 on the domestic front owing to a flatness in demand, high markup rates, price competition and currency depreciation, etc. According to the 'Investment Strategy 2019' report released by Spectrum Securities Ltd, after tremendous sales growth (13.8 per cent YoY) in cement dispatches during FY18, demand is expected to remain flattish in FY19 mainly due to higher base of FY18, reduction in allocation of the Public Sect... |
Powering southern expansion21 December 2018, Published under Cement NewsPakistan’s promising cement market fundamentals are driving a number of domestic producers to expand their local production bases. Power Cement Ltd (PCL) has embarked on the construction of a complete 7700tpd line which will significantly enhance the company’s existing capacity and make it the second-largest producer in the south. By SM Imran, Power Cement, Pakistan. Pre-assembled parts of the preheater ready for erection at Power Cement’s new production line project, Pakistan T... |
Pakistan cement sector records 7.3% fall in FDI21 December 2018, Published under Cement NewsPakistan’s cement and construction industries received a total foreign direct investment (FDI) of US$265.3m during the July-Nov 2018 period, according to the State Bank of Pakistan. This translates to a fall of 10.7 per cent YoY compared to US$296.9m of the year-ago period. The cement sector alone attracted US$22.9m of FDI in the first five months of FY18-19, decreasing 7.3 per cent YoY from US$24.6m. Meanwhile, the construction industry saw a decline of 10.9 per cent to US$242.5m. |
Pakistan exports rise in November21 December 2018, Published under Cement NewsPakistan's cement industry received foreign exchange revenue of US$26.77m by exporting 635,192t of cement during November 2018, compared to US$26.74m and 616,648t in the previous month. This shows minor MoM growth of 0.1 per cent and three per cent in terms of value and quantity, respectively, according to the Federal Bureau of Statistics. However, if compared to November 2017, it translates to an increase of 48.4 per cent in earnings of foreign currency and 74.8 per cent YoY in quantity. ... |
Pakistan’s gateway to expansion17 December 2018, Published under Cement NewsWith a newly-elected President, strong housing demand and infrastructure investment flowing in from China, Pakistan is at the gateway to a new beginning. The cement sector is thriving, rapidly adding new capacity and enjoying stellar demand growth. However, the continuing pace of investment could risk oversupply if demand expectations are not met. Anticipating considerable growth in demand thanks to housing programmes and large-scale infrastructure projects, the Pakistani cement in... |