Cement News tagged under: Pakistan

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Pakistan reaches record capacity utilisation in 9MFY18

05 April 2018, Published under Cement News

Pakistan 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 exports

03 April 2018, Published under Cement News

Pakistan 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 duty

03 April 2018, Published under Cement News

The 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 7MFY18

30 March 2018, Published under Cement News

Cement 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 rises

27 March 2018, Published under Cement News

Pakistan 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 8MFY18

22 March 2018, Published under Cement News

Pakistan 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 6MFY17-18

19 March 2018, Published under Cement News

Thatta 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 ...

Pakistan's capacity utilisation stands 91%

07 March 2018, Published under Cement News

The All Pakistan Cement Manufacturers Association (APCMA) reports that the domestic cement industry's capacity utilisation in the first eight months of this fiscal year ( July 2017-Feb 2018) stood at 91 per cent of the total installed capacity of the sector. In 8MFY17-18 the country's cement industry dispatched 31Mt of cement compared with dispatches of 26.3Mt in the corresponding period of last year, an increase of almost 18 per cent. In February 2018 alone, the total cement dispat...

Industry sales in Pakistan grow by 4% in 1HFY18

05 March 2018, Published under Cement News

The profitability of the cement sector in Pakistan has contracted in the 1HFY18, falling 13 per cent YoY to PKR26.85bn (US$258.4m). This has been attributed to both an increase in the international coal prices and a lower cement retention cost. In the 1HFY18, industry sales grew by four per cent YoY to PKR134.03bn, while cement dispatches recorded a growth of 12 per cent to 19.6Mt. However, this did not result in the topline growth of the sector due to a lower retention price in the north...

Cement price increase in north Pakistan

01 March 2018, Published under Cement News

Cement retail prices in northern Pakistan have increased by PKR10/bag (US$0.09), due to increase in demand, high capacity utilisation (close to 100 per cent in the north) and increase in coal prices, says a report of a local research house.   As a result, retail prices in Punjab have now risen to PKR515/bag (US$4.6/bag) while those in Khyber Pakhtunkhwa (KPK) are now back to PKR500. Analyst discussions with the management of cement companies suggest that they want to gradually increase...