Cement News tagged under: Pakistan
Pakistan's cement exports to benefit from PKR depreciation12 June 2018, Published under Cement NewsCement exports from Pakistan are likely to benefit from the Pakistani rupee depreciation against the US dollar as reported in foreign exchange markets. According to Elixir Securities Pakistan, the rupee has depreciated by 3.9 per cent during the day to PKR121 against the greenback, from last week's close of PKR116.5. Historically the local currency has depreciated in spurts, with today's move being the third one to date in FY18, following depreciations in December 2017 and March 2018, taki... |
Coal prices on Pakistan may affect profitability08 June 2018, Published under Cement NewsThe increase in coal prices is likely to affect the margin of cement companies in Pakistan, particularly those who have captive power plants based on imported coal. According to Research House report, the demands for coal may vary subject to international factors in coming months. International coal prices posted a surge of 34 per cent during FY18 to date mainly due to production constraints, low inventory levels and strong demand (spurred by cold weather) in China. Currently coal (Richa... |
Pakistan records highest capacity utilisation06 June 2018, Published under Cement NewsAll Pakistan Cement Manufacturers Association (APCMA) has released data for the month of May, 2018, which showed capacity utilisation between July and May 2018 was at 94.69 per cent – the highest in Pakistan's history since records began. The previous highest capacity utilisation was achieved in 1992-93, it reached 93.62 per cent. May's data also indicated a dip in local dispatches, due to the reduction of working hours in the Holy month of Ramadan. During May the industry dispatched 3.... |
Cement prices rise in Pakistan04 June 2018, Published under Cement NewsPrices of cement in Pakistan are expected to rise following an increase to the Federal Excise Duty (FED) to PKR1.50/kg (U$0.012) from PKR1.25/kg , in the Federal Budget 2018-19 (July 2018-June 2019). Experts expect local cement producers to pass on the extra government levy to end users. Last week Attock Cement Pakistan Ltd (ACPL) and Lucky Cement announced increases in their cement prices, respectively. The maximum retail price for ordinary Portland cement varies between PKR600-620/bag ... |
Bestway Cement's Farooqia plant completes 6000tpd expansion project04 June 2018, Published under Cement NewsBestway Cement Ltd has completed the installation of its Farooqia plant brownfield expansion project, in Khyber Pakhtunkhwa province. The expansion also includes a 9MW waste heat recovery power plant. According to Bestway Cement's Company Secretary and General Counsel, Sehar Husain, the project has completed in a record time of 14 months. The Farooqia Line II commenced production on 31 May 2018 and has a clinker capacity of 6000tpd. The Bestway now has a total group cement capacity of 7.96... |
Attock Cement seeks gypsum/laterite supplier01 June 2018, Published under Cement NewsAttock Cement Pakistan Ltd (ACPL) has invited a tender for the bulk supply of gypsum and laterite in 2018-19. According to the company announcement, offers are invited for the supply of approximately 120,000t of gypsum and 120,000t of laterite between July 2018-June 2019 at its cement plant located at Hub Chowki, Lasbela, Balochistan. Bids are due on 21 June 2018. Sales review 9MFY18 In the first nine months of the 2017-18 financial year, the company's overall cement dispatches of comp... |
Pakistan's exports tipped to increase01 June 2018, Published under Cement NewsExperts are hoping an increase in exports of cement from Pakistan during the outgoing FY18. The country recorded its highest growth of cement exports during 2008-10, when, it hovered around 10.75Mt. Of late, exports have started to drift and reached at 4.66Mt in 2016-17 and 3.9Mt in 10 months of FY18. According to a research house report, cement exports are expected to post stellar growth of more than 37 per cent YoY in May, due to addition of new production plants of Lucky Cement and Att... |
A review of Pakistan cement exports to Afghanistan31 May 2018, Published under Cement NewsPakistan exported 2.43Mt of cement during FY15-16 to Afghanistan, which fell to 1.76Mt in FY2016-17. While Afghanistan remains the biggest export market for Pakistan producers, this translates into a fall of 28 per cent. However, the negative trend would turn into a positive one as the country already exported 1.65Mt of cement to Afghanistan during the first 10 months of the FY17-18. The peak export was 4.72Mt in 2010-11, since then exports have dwindled. Future challenges The industr... |
Loesche to supply Bestway Cement with new VRMs30 May 2018, Published under Cement NewsAs part of an order from Sinoma International Engineering, Loesche has won new roller mill orders with Bestway Cement Company for its Farooqia cement plant in the Punjab province, 40km north of the capital, Rawalpindi, Pakistan. One high-performance four-roller mill VRM with a capacity of 450tph is to be used there for the grinding of cement raw material to a fineness of 12 per cent with sieving residue of R90μm. Two further Loesche mills from the middle performance range and a throughput ... |
Pakistan has eight brownfield cement projects underway29 May 2018, Published under Cement NewsThe eight brownfield cement projects with a total capacity of 18.8Mta are at various stages of completion and scheduled to be commissioned between June 2019 and June 2020 at an estimated cost of over PKR159bn (US$1.37bn) in Pakistan, according to a research house report. So far, all the projects have completed, on average, at least 46 per cent of their construction. China-based Sinoma is currently building a 1.9Mta plant for Bestway Cement at a cost of PKR18.9bn and about 55 per cen... |