Cement News tagged under: Dispatches
Pakistan expects local cement dispatches to fall in July 202431 July 2024, Published under Cement NewsPakistan's local cement dispatches are likely to fall 24-26 per cent YoY and 32-34 per cent MoM to clock in at around 2.08Mt in July 2024. This was roughly estimated by BMA Capital Management Ltd, which further adds that local cement dispatches on a YoY basis are down due to a slowdown in construction activities courtesy of higher cost of construction, plus muted government spending on infrastructure due to fiscal constraints, as well as the implementation of axle load. Furthermore, the M... |
Pakistan cement industry exhibits record quarterly profit in 2QFY23-2408 March 2024, Published under Cement NewsPakistan's listed cement sector reported record earnings of PKR22.4bn (US$58.18m), up eight per cent YoY in the 2QFY23-24. This earnings growth is primarily due to higher gross margins and other income. Major contributors to the profitability of the cement sector in the 2QFY23-24 were Lucky Cement (LUCK), followed by Bestway Cement (BWCL) and Fauji Cement (FCCL), according to Topline Pakistan Research, Analysts believe these achievements were made despite a fall in cement dispatches. ... |
Pakistan cement prices rise due to freight costs21 December 2023, Published under Cement NewsCement prices across Pakistan have risen over recent weeks, according to the Pakistan Bureau of Statistics. The lowest price for a 50kg bag now stands at PKR1265 (US$4.52) with the maximum price coming in at PKR1400. Prices in the north of the country have reported an almost two per cent uptick from an average of PKR1220 in late November/early December to PKR1271/bag. Reports by the Pakistan Observer suggest the price increases are being driven by higher freight rates. The Pakistan govern... |
Decline in Pakistan cement dispatches blamed on axle load regime05 December 2023, Published under Cement NewsPakistan’s cement industry registered a contraction of 2.12 per cent in dispatches during November 2023, with total cement shipments coming in at 3.924Mt versus 4.009Mt in November 2022. According to a breakdown released by the All Pakistan Cement Manufacturers Association (APCMA), local cement dispatches during November stood at 3.262Mt compared to 3.862Mt in the same month a year earlier, marking a decline of 15.53 per cent. Exports, meanwhile, increased by 348.29 per cent from 147,757t in... |
Pakistan’s cement dispatches decline in April and 9MFY2210 May 2022, Published under Cement NewsPakistan's cement industry is facing weaker dispatches issues due to the unstable business and economic situation prevailing in the country. Even the Pakistan stock exchange witnessed a several losses on 9 May 2022, due to further devaluation of the Pakistani rupee against US dollar, uncertainty regarding debt repayments and depletion of foreign exchange reserve, leading investors to remain sidelined from the market as they await a positive trigger by IMF revival programme. The total ceme... |
APCMA reports local dispatches improve while exports fall in 9MFY2208 April 2022, Published under Cement NewsAccording to the data released by the All Pakistan Cement Manufacturers Association (APCMA), Pakistan cement total dispatches (local and overseas) declined by 6.3 per cent in March 2022 to 5.04Mt against 5.37Mt in the same month of last fiscal year. The breakdown suggests a domestic consumption of 4.74Mt and 815,120t of exports versus 4.56Mt and 815,120t, respectively in March 2021. It sees local dispatches up four per cent, but exports dispatches suffered a considerable decline of 63.8 per... |
Pakistan’s domestic dispatches grow, but exports declined in November 202107 December 2021, Published under Cement NewsAccording to the data released by the All Pakistan Cement Manufacturers Association (APCMA), local cement dispatches during November 2021 were 4.124Mt compared to 3.742Mt in November 2020, showing an increase of 10.2 per cent YoY. However, exports declined by 9.2 per cent with volumes falling from 766,273t to 695,779t during this period. In November 2021 northern-based cement mills delivered 3.469Mt of cement to domestic markets, representing an increase of 10.9 per cent against 3.129Mt ... |
JK Lakshmi Cement halts production at its Durg plant05 October 2021, Published under Cement NewsIndia’s JK Lakshmi Cement has suspended production at its 2.7Mta Durg plant in Chhattisgarh, due to a strike called by the state’s Cement Transport Association. Dispatches from the facility, which were substantially reduced from 19 September, have now been completely stopped, according to the company. However, industry-wide negotiations are being held with the state government and the company is hopeful of an amicable solution soon. |
Pakistan's local and overseas cement dispatches drop during September05 October 2021, Published under Cement NewsPakistan's local and export dispatches during September 2021 remained depressed, reports All Pakistan Cement Manufacturers Association (APCMA). Domestic dispatches stood at 4.018Mt and exports reached 0.572Mt compared to 4.095Mt and 1.131Mt in September 2020, respectively. This defines a YoY eduction of 1.9 per cent and 49.5 per cent on local and overseas markets, respectively. At the same time, total cement dispatches declined by 12.2 per cent to 4.589Mt from 5.225Mt during this period. ... |
Thatta Cement Co increases Sindh’s capacity10 September 2021, Published under Cement NewsThatta Cement Co Ltd has completed its increases in clinker and cement capacities at its plant in Makli, Thatta district, Sindh province, Pakistan. The company shared this update with the Pakistan Stock Exchange Ltd about important material information earlier this week. The company has completed in-house modifications and improvements in the processes of the existing plant. Its technical team has completed the trials and testing process. Due to earlier changes and improvements, the ... |