Cement News tagged under: Pakistan
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... |
Pakistan cement exports hit by strike action17 May 2017, Published under Cement NewsExports of cement and other commodities from Pakistan via seaports in Karachi have been affected by a strike by goods carriers. Goods transporters went on strike last Monday against a ban imposed by the Sindh High Court on the movement of heavy vehicles in Karachi during the daytime. The strike was later joined by 14 other transport bodies. The import of a range of raw materials and finished goods was also affected. As a result of the industrial action, port traffic was brought to a s... |
Pakistan dispatches up 6.21%08 May 2017, Published under Cement NewsPakistan dispatched 33.88Mt of cement during the first 10 months (July-April) of the current fiscal, up by 6.21 per cent YoY, latest figures from the All Pakistan Cement Manufacturers Association (APCMA) show. During the period, domestic consumption rose by 10.74 per cent YoY to 29.871Mt while exports were down by 18.63 per cent to 4.01Mt during the 10-month period under review. In April 2017 dispatches totalled 3.576Mt, of which 2.734Mt were destined for the north and 0.596Mt headed so... |
Pakistan's first coal/cement terminal begins operation05 May 2017, Published under Cement NewsPakistan's first state-of-the-art coal, clinker and cement bulk terminal has commenced operations at Port Qasim, Karachi. According to a statement by Pakistan International Bulk Terminal Ltd (PIBTL), bulk carrier African Finfoot became the inaugural vessel to call at the terminal, transporting 41,510t of coal for importer and exporter Awan Trading. A second vessel named Iris Oldendorff visited the terminal on Tuesday, carrying 39,550t. PIBTL has invested around US$ 285m in the establ... |
No sign of Pakistan cement export recovery28 April 2017, Published under Cement NewsPakistan recorded export volumes of 204,159t cement in March 2017 on revenues of US$11.38m, representing a MoM decline of 11.77 and 7.04 per cent, respectively. On an annual comparative basis, the declines were much steeper with volumes down 65.03 per cent and revenues falling 59.86 per cent, according to the country's Federal Bureau of Statistics. In the first nine months of FY16-17, cement exports totalled 3.644Mt or US$191.51m compared with 4.555Mt at US$248.02m ... |
Lucky Cement 9MFY16-17 profit and volumes increase25 April 2017, Published under Cement NewsLucky Cement achieved a profit before tax of PKR14.668bn (US$140.2m) during the first nine months of FY16-17 compared to the PKR13.395bn recorded in the same period a year earlier. Cement volumes increased by 8.3 per cent to 5.53Mt in the nine month period. Exports, however, were down by 23.09 per cent. The increase in revenue of 5.4 per cent was mainly attributed to the higher sales volumes. During the period, the company’s cost per tonne of sales was down by four per cent YoY, which... |
New orders for Gebr Pfeiffer in South Asia20 April 2017, Published under Cement NewsGebr Pfeiffer has announced that it has received orders for its MVR grinding technology for two South Asia-based cement plants. Wonder Cement switches to Gebr Pfeiffer vertical roller mill for cement grinding Wonder Cement has selected Gebr Pfeiffer’s MVR 6000 C-6 with a 5280kW drive mill for cement grinding at its cement plant Nardana, in the Indian state of Maharashtra. It will produce mixed cements with finenesses of up to five per cent R45µm. Until now, the customer has used combi... |