Cement News tagged under: Pakistan
Kohat Cement announces new line construction07 June 2017, Published under Cement NewsKohat Cement Co is to construct a new 7800tpd production line at its cement plant Khyber Pakhtunkhwa province, the company informed the Pakistan Stock Exchange on 6 June 2017. The new project will also include a waste heat recovery unit. The additional capacity is expected to boost the company’s market share by four per cent to 9.2 per cent. Kohat currently has grey clinker and cement capacities of 2.5Mta and 2.8Mta, respectively. Earlier, the company said the installation of a 105tph... |
Pakistan: growth in local cement consumption unabated05 June 2017, Published under Cement NewsPakistan's cement industry dispatches to domestic markets during May 2017 stood at 3.399Mt compared to 3.065Mt during same month last year. The home market shows a healthy increase of 10.90 per cent on YoY basis. However, exports during May 2017 were 0.309Mt, against 0.558Mt during May 2016, showing a reduction of 44.58 per cent. Total dispatches (local and export) during May 2017 were 3.708Mt, compared to 3.623Mt during same month last year, showing an increase of 2.36 per cent. On cu... |
Pakistan cement sector prospects02 June 2017, Published under Cement NewsPakistan's construction industry is thriving and is expected to continue doing so in the foreseeable future. However, to maintain healthy capacity utilisation rates, increased exports are needed. The acceleration in construction sector activity and the government's infrastructure and housing initiatives has seen cement consumption increasing by 17.6 per cent in 2016 to reach 34.7Mt. Growth in the cement sector has been underpinned by robust domestic demand, which has enabled local... |
Khrew Cement is on target to reach 0.9Mta capacity02 June 2017, Published under Cement NewsProduction capacity at JK Cement's Khrew cement plant in India is expected to soon surpass 0.9Mta, the company informed Minister for Industries and Commerce, Chander Parkash Ganga, who recently visited the Khrew factory to view the laboratory, analytical lab and kiln. The minister also highlighted the importance of strictly conforming to the pollution measures introduced by the government and carry out a pollution control programme to minimise the degradation of the environment. The ar... |
Pakistan FY18 budget 'neutral' for cement industry31 May 2017, Published under Cement NewsAnnouncing its FY18 Budget on Friday, the Pakistan government has increased the allocation for its Public Sector Development Program (PSDP) and reduced corporate tax, but on the other hand increased has Federal Excise Duty (FED) and provided no relief to aid dwindling cement exports. Finance Minister, Ishaq Dar, in his budget 2017-18 has proposed the allocation of PKR1001bn (US$9.5bn) for the PSDP in FY17-18, of which 67 per cent will be dedicated to infrastructure projects. Meanwhile, FED... |
FLSmidth receives cement plant order in Pakistan30 May 2017, Published under Cement NewsFLSmidth has been awarded an order from Power Cement Ltd, part of the Arif Habib Group in Pakistan, for engineering, procurement and supply of equipment for a 7700tpd production line comprising two projects; clinker production and cement production and dispatch. The new production line will expand the two existing lines located in Nooriabad north-east of Karachi, Pakistan. The order includes a complete range of equipment from crushing to packing and cement loading. FLSmidth will also supply... |
Pakistan Economic Survey forecasts growth in cement industry26 May 2017, Published under Cement NewsThe performance of the Pakistan cement industry has been remained encouraging and recorded good growth in the fiscal year to-date. Going forward, the prospects continue to be bright, according to the recently-released Pakistan Economic Survey 2016-17, as the government identifies locations for future investment in the cement sector. The new survey, published yesterday, shows that growth in the cement sector has been underpinned by robust domestic demand, which has enabled local producers ... |
Pakistan cement exports continue to disappoint25 May 2017, Published under Cement NewsPakistan exported 225,778t cement in April on revenues of US$13.49m, down 25.28 and 18.54 per cent, respectively compared to the previous month. Compared to April 2016, export volumes were down by 49.65 per cent from 507,958t and revenues fell by 49.65 per cent (US$26.31m) a year earlier, data from Pakistan's Federal Bureau of Statistics shows. In the first 10 months of FY16-17, the country exported 3.9Mt of cement at a total value of US$205m, considerably lower than the 5.06Mt at US$274.3... |
Pakistan cement sector hopes for relief measures under Budget FY1823 May 2017, Published under Cement NewsPakistan cement producers are hoping that Budget FY17-18, due to be presented by the country’s Minister of Finance on Friday, will include relief measures to protect the local industry from the alleged smuggling of cement from Iran, help arrest the decline in exports and reduce the cost of doing business. The All Pakistan Cement Manufacturers Association (APCMA) has urged the government to increase the duty on imported clinker from 10 to 20 per cent to support local manufacturers. I... |
Pakistan's positive nine-month performance22 May 2017, Published under Cement NewsThe Pakistan cement industry has demonstrated a good performance in the first nine months of the current fiscal due in part to an acceleration of private sector construction activity, the commencement of work on mega housing schemes and projects across the country and the partial materialisation of budgeted Public Sector Development Programme projects. Consequently, the cement industry saw growth of 7.19 per cent YoY over the July 2016-March 2017 period, and increased by 7.10 per cent in... |