Cement News tagged under: Pakistan
Lucky Cement updates on operations at home and away04 August 2017, Published under Cement NewsLucky Cement has provided an update on operations in the Democratic Republic of Congo, as well as capacity expansion plans in Iraq and Pakistan, during a corporate briefing organised by Elixir Securities (Pakistan) earlier this week. Stabilising market dynamics in the DR of Congo have resulted in Lucky Cement witnessing healthy growth from its operations in the central African country. As a result, the utilisation rate is expected to improve. However cement prices (currently hovering aroun... |
Lucky Cement FY17 profit rises 5.78%01 August 2017, Published under Cement NewsLucky Cement has reported a 5.78 per cent YoY increase in full-year profit of PKR13.69bn (US$129.8m) versus PKR12.94bn in FY16, the company informed the Pakistan Stock Exchange. Gross sales increased to PKR61.6bn during FY17 from PKR 55.92bn in the previous year. The company said it incurred distribution costs of PKR1.703bn and administrative expenses of PKR1.021bn versus PKR2.01bn and PKR1.10bn incurred, respectively in FY16. Sales volumes rose by 3.1 per cent YoY to 7.15Mt. While its... |
Loesche supplies VRM to Attock Cement27 July 2017, Published under Cement NewsLoesche has provided a LM 56.3+3 CS vertical roller mill for cement grinding to Attock Cement in Pakistan. The new mill will be used in the new Line 3 of Attock's cement plant in Hub Chowki in Pakistan. It will grind OPC cement with a fineness of 3300 Blaine with a capacity of 200tph, or 2800 Blaine with a capacity of 240ph,. The scope of the order also includes monitoring and assembly as well as commissioning, which is due to take place in mid-2017. Hefei Cement Research & Design Institut... |
Potential impacts of Pakistan capacity build27 July 2017, Published under Cement NewsPakistan cement producers have embarked on an ambitious expansion phase but could this fast-paced capacity build up be leading to a potential supply glut and a reduction in company margins? All the industry's major players are undertaking new investment projects and some 32Mta of capacity is due to come online in the next 5-6 years. This has led one local research house to warn that following tremendous valuation expansion in the last three years, risks are now becoming more prominent in ... |
Pakistan's cement exports fall during FY1724 July 2017, Published under Cement NewsDuring the FY16-17 (July 2016-June 2017), Pakistani cement producers exported 4.53Mt of cement at a total value of US$237.88m, compared with 5.97Mt at US$321.21m in the equivalent period of the previous year. This represent a YoY retrenchment, both in terms of value (-25.94 per cent) and volume (-24.17 per cent). During this period, value of cement in US$ fell to US$52.46/t from US$53.72/t. On MoM basis, Pakistan cement exporters have earned revenues of US$18.01m on exports of 349,430... |
Pakistan producers see mixed dispatch performance19 July 2017, Published under Cement NewsPakistan cement producers recorded a mixed performance in total dispatches for FY17 as a double-digit decline in exports was witnessed. During FY17, which drew to a close at the end of last month, the industry recorded growth a four per cent rise in dispatches YoY to 40.267Mt. Of this total, local sales climbed eight per cent YoY to 35.604Mt, while exports fell by 21 per cent YoY. Dispatches by local producers for the 12 month period included: • Lucky Cement: 6.89Mt (-1 per cent YoY) •... |
DG Khan Hub plant to start production by year-end19 July 2017, Published under Cement NewsDG Khan’s new US$300m Hub cement plant in Balochistan province, Pakistan, will begin production by December 2017, according to a local brokerage house. The Express Tribune reported yesterday that Shajar Capital said it along with its clients paid a visit to the construction site to assess the process which “as per the project management is expected to come online by the end of calendar year 2017.” The company has set the target to complete its civil work by September 2017 and move into ... |
Pakistan full-year growth slows10 July 2017, Published under Cement NewsPakistan dispatched 40.315Mt of cement of during fiscal year 2016-17, up 3.71 per cent YoY, the latest data from the All Pakistan Cement Manufacturers Association (APCMA) shows. Capacity utilisation for the year was 86.9 per cent. During the July 2016-June 2017 period domestic cement dispatches from the north zone were 29.141Mt (+7.72 per cent) and exports were 3.150Mt (-18.22 per cent). Meanwhile, dispatches from the south zone rose by 9.47 per cent YoY to 6.511Mt. However, exports were... |
Pakistan terminal begins commercial operations06 July 2017, Published under Cement NewsPakistan International Bulk Terminal Ltd (PIBT) has started commercial operations from the country's first and only common-user coal, cement and clinker terminal at Port Qasim, near Karachi. In May the company announced that the terminal commenced hot commissioning and achieved a significant milestone by handling the first coal cargo vessel of 41,000t. PIBT has invested around US$285m to establish the state-of-the-art mechanised, coal, clinker and cement bulk cargo terminal. Under a 30-... |
Pakistan cement output up 6.6% YoY04 July 2017, Published under Cement NewsCement output in Pakistan during the first 10 months (July-April) of FY17 increased by 2.12 per cent on a MoM basis and 6.63 per cent on a YoY basis. According to data released by the country's Federal Bureau of Statistics, the domestic cement industry produced 3.33Mt in April 2017 compared to 3.258Mt in April 2016. On cumulative basis, during July-April 2017 cement production totalled 31.12Mt vs 29.17Mt in the same period a year earlier. The industry growth was due to higher loc... |