Cement News tagged under: Pakistan
Pakistan's State Bank acknowledges cement growth09 April 2018, Published under Cement NewsPakistan's State Bank has confirmed that cement industry is performing well and a considerable amount of capacity is due to come ons-stream in a couple of years. Manufacturers have been investing aggressively in capacity expansions (by adding about 60 per cent additional operational capacity) over the past few years, in anticipation of strong domestic demand. The cement industry is driven by steel and domestic infrastructure investments, by both public and private backers, said the ... |
Supreme Court of Pakistan issues notice to several companies06 April 2018, Published under Cement NewsThe Supreme Court of Pakistan has issued notices to several cement factory owners to appear on 20 April, with regards to clarifying their position on the drying out of the Shiri Katas Raj Temple Pond. The pond has allegedly been depleted due to the operation of cement plants in the area, which may have removed the underground water. The court has requested the companies involved to develop a solution to the issue. In a previous hearing of the case, directives were issued to Bestway-I, ... |
Power Cement releases update on expansion project06 April 2018, Published under Cement NewsPower Cement Ltd has released a progress report regarding its brownfield expansion project at its facility in Nooriabad, Pakistan, for the quarter ending 31 March 2018. The new 7700tpd line is expected to increase plant capacity to 3.5Mta, making the company the second-largest cement producer in the southern region. The site is positioned close to Sindh province and Karachi, with direct links to both seaports of the capital. The company has issued letters of credit for the supply of engi... |
Pakistan reaches record capacity utilisation in 9MFY1805 April 2018, Published under Cement NewsPakistan reached its highest-ever capacity utlisation at 93.7 per cent during the 9MFY18 period, ended March 2018. In total, cement dispatches rose 14.7 per cent YoY to 34.75Mt, according to figures supplied by the All Pakistan Cement Manufacturers Association (APCMA). Domestic dispatches in the northern region increased 19.3 per cent to 25.88Mt, while exports decreased 3.8 per cent to 2.43Mt. Similarly, domestic dispatches advanced 11.8 per cent to 5.43Mt in the south, whereas exports fell ... |
Pakistan resumes clinker exports03 April 2018, Published under Cement NewsPakistan has resumed exports of bulk clinker after a gap of over six years. This has been achieved by the start-up of Pakistan's International Bulk Terminal Ltd (PIBTL) at Port Qasim, devaluation of Pakistan’s currency by about 10 per cent and expansion in capacity as well overseas demand. According to local media, bulk clinker exports will resume as one of the leading south-based cement manufacturers has received export orders from west African countries and Kenya. It is reported that At... |
Pakistan's government urged to drop coal import duty03 April 2018, Published under Cement NewsThe Federation of Pakistan Chambers of Commerce & Industry (FPCCI) has requested the government to allow duty free import of coal for the benefit of power generation and cement and other industry. Syed Mazhar Ali Nasir, Senior Vice President of the FPCCI, has urged the Miftah Ismail, Advisor to Prime Minister on Finance, Revenue and Economic Affairs, and Federal Minister for Commerce, Muhammad Pervaiz Malik, to withdraw the five per cent import duty on coal and allow its duty-free imports... |
Cement production in Pakistan rises 12% in 7MFY1830 March 2018, Published under Cement NewsCement production in Pakistan recorded 12.1 per cent growth YoY during the first seven months of the current financial year. The country produced 23.77Mt of cement throughout July 2017-January 2018, compared to 21.2Mt of the year-ago period. In January 2018 alone, production increased 23.5 per cent YoY to 3.64Mt (2017: 2.95Mt), according to the Business Recorder. |
Foreign direct investment in Pakistan's cement sector rises27 March 2018, Published under Cement NewsPakistan cement and construction industry have received a foreign direct investment (FDI) of US$516.07m during first eight months of FY17-18 (July 2017-February 2018), compared to US$190m received in corresponding months of last fiscal year. This translates a growth of 172 per cent YoY. State Bank of Pakistan data reports that Pakistan's cement industry attracted FDI of US$39.8m and the construction industry US$476.90m, compared to US$25m and US$165m, respectively in July 2016-Febru... |
Pakistan's cement export revenue totals US$149.7m in 8MFY1822 March 2018, Published under Cement NewsPakistan exports revenue of cement during the first eight months of FY17-18, recorded a YoY fall of 13.4 per cent and 16.9 per cent in quantity and value in dollars, respectively, says data released by Federal Bureau of Statistics, Government of Pakistan. The breakdown shows that the country exported 2.98Mt of cement and earned export revenue of US$149.71m in July 2017-February 2018 compared to 3.44Mt at US$180.13m in the corresponding months of the previous fiscal year. In February ... |
Thatta Cement's profit falls to PKR183.9m in 6MFY17-1819 March 2018, Published under Cement NewsThatta Cement Co Ltd's profit after tax fell from PKR389.8m (US$3.5m) to PKR183.9m (US$1.6m) during 6MFY17-18. Clinker production stood at 194,825t with a capacity utilisation of 76.4 per cent in comparison to clinker manufacture of 236,135t and capacity utilisation of 92.6 per cent during the corresponding period of last year. Lower off take of cement and accumulation of huge clinker stocks were cited as reasons for the decline in clinker production. Overall sales of the company during ... |