Cement News tagged under: Pakistan
Pakistan cement sales up 5% YoY in July06 August 2018, Published under Cement NewsCement sales in Pakistan increased 5.1 per cent in the first month of FY18-19. In July, total cement dispatches rose to 3.554Mt from 3.382Mt in July 2017, according to the All Pakistan Cement Manufacturers’ Association. While in the wake of elections, economic and construction activity slowed down, it did not significantly affect sales growth. Exports rose by 9.3 per cent from 0.476Mt in July 2017 to 0.52Mt one year later while domestic dispatches were up 4.4 per cent from 2.906Mt to ... |
Lucky Cement earns PKR12.20bn after-tax profit in FY1801 August 2018, Published under Cement NewsLucky Cement earned after-tax profit of PKR12.2bn (US$98.4m) in FY18 as compared to PKR13.69bn in the same period last year, said the company filing to PSX. Experts comment that Lucky Cement's net sales grew by only 4.1 per cent YoY to PKR47.54bn despite a 9.3 per cent YoY increase in dispatches, largely due to lower retention prices during the year. Cost of sales grew by 25 per cent YoY PKR30.59bn, mainly on account of elevated coal and fuel oil prices on the international market, the dev... |
Pakistan cement industry earns US$222.84m in 12MFY1826 July 2018, Published under Cement NewsPakistan cement industry observed a positive growth of 0.9 per cent and a contraction of -6.3 per cent in terms of quantity and value in dollars respectively between July and June 2018, according to official government data. According to the Federal Bureau of Statistics, Pakistan's cement industry exported 4.559Mt of cement and earned foreign exchange revenue of US$222.84m during FY18 compared to 4.519Mt of cement at US$237.82m during the last FY17. This shows a growth of 0.9 per cent in... |
Northern players increase price by PKR1019 July 2018, Published under Cement NewsPakistan cement industry players in the northern region are cautiously optimistic. The cement industry has seen bullish activity at the Pakistan Stock Exchange for the last two days on the back of news, which has been attributed to leading brokerage houses, that north-based cement producers have raised prices of cement by PKR10/bag (US$0.082), effective 18 July 2018. No further details were given to justify the increase. The northern zone represents around 80 per cent of the total produc... |
FDI Pakistan touches 53% growth in FY1818 July 2018, Published under Cement NewsPakistan's cement and construction industry received foreign direct investment (FDI) of US$766.3m during the 12 months of FY17-18 (July -June), compared to US$501.9m received in corresponding months of last fiscal year. This translates a YoY growth of 53 per cent, says the State Bank of Pakistan (SBP). The breakdown shows that cement industry attracted FDI of US$59m and the construction industry US$707.30m compared to US$36m and US$465.90m, respectively in July 2016-June 2017. According... |
Pakistan central bank forecasts large cement capacity expansion16 July 2018, Published under Cement NewsPakistan's cement industry is currently undergoing a major transformation, as a number of players are planning capacity expansions at an estimated cost of US$2.12bn between FY18-21. According to State Bank of Pakistan's special report, almost half of the players in the industry have so far announced capacity expansion to 23.4Mta towards the production facility – a staggering increase of about 50 per cent in next few years – to reach around 72.8Mta. More than 3Mta cement capacity has alre... |
Maple Leaf Cement updates about expansion13 July 2018, Published under Cement NewsMaple Leaf Cement Factory Ltd has advised the Pakistan Stock Exchange (PSX) about the company's progress on the implementation of the additional of 7300tpd clinker line at its Iskanderabad plant. The project will raise the plant's total grey cement capacity to 18,000tpd at a cost of INR25bn. The project cost is being financed approximately 17 per cent by way of right issue, 51 per cent through bank loans and the rest from internal cash generation. Letters of Credit (LCs) for supply a... |
Pakistan cement consumption grows 13.8% in fiscal 2017-1805 July 2018, Published under Cement NewsPakistan cement industry ended fiscal 2017-18 on a jubilant note, by posting yearly growth of 13.84 per cent with domestic consumption increasing by 15.42 per cent and exports inching up by 1.77 per cent. This is the first time in nine years that cement exports have registered a growth. According to data released by All Pakistan Cement Manufacturers' Association (APCMA), during the fiscal year 2017-18, domestic consumption stood at 41.147Mt, an increase of 15.42 per cent from 35.651Mt in 20... |
Mega Conglomerate withdraws bid to acquire Dewan Cement03 July 2018, Published under Cement NewsPakistan’s Mega Conglomerate Private Ltd (MCPL) has reportedly withdraw its bid to buy controlling shares in two plants of Dewan Cement based in Dhabeji, Sindh and Hattar Industrial Estate, Khyber Pakhtunkhwa. The two facilities have a combined capacity of 2.89Mta. Dewan Cement is yet to comments on failure of the deal, but markets predict it may be due to high prices and change in dynamic of cement industry in country. BMA Capital has informed Pakistan Stock Exchange (PSX) that in capa... |
Bestway Cement starts dispatch from Farooqia Line II03 July 2018, Published under Cement NewsBestway Cement Ltd (BCL) has started dispatches of cement from its new Farooqia Line II, having clinker capacity of 6000tpd, at Hattar in Khyber Pakhtunkhwa. Local supply commenced on 20 June, according to Sehar Husain, company secretary, in a notice to Pakistan Stock Exchange (PSX). Performance in 9MFY18 (July 2017-March 2018) BCL's cement production stood at 6.462Mt in 9MFY18, up by 13 per cent over last year's equivalent period. The local dispatches grew by 20 per cent, while exports ... |