Cement News tagged under: Pakistan
Pakistan cement exports down 27.6% in FY15-1629 July 2016, Published under Cement NewsPakistan's cement industry exported 5.97Mt of cement in FY15-16, which represents a fall of 22.3 per cent YoY, according to the Pakistan Bureau of Statistics. The bureau attributes the decline to contracting demand and competition among other issues. In terms of value, exports during July 2015-June 2016 saw a 27.6 per cent YoY decrease from US$443.63m to US$321.29m. The average price of cement also fell to US$53.75/t from US$57.64/tt during this period. In June 2016, 394,905t of ce... |
Pakistan: FECTC to add 0.95Mta capacity29 July 2016, Published under Cement NewsOne of Pakistan's smaller cement companies, Fecto Cement Ltd (FECTC) is reported to plan a new cement plant in Kalar Kahar, Chakwal district, Punjab. The works is expected to add 0.95Mta of capacity to the company's existing 0.819Mta. The project represents an estimated investment of PKR12bn and commissioning is expected by 2018. Financial performance FECTC saw also a boost in revenues during the nine-month period ended 31 March 2016 as net sales revenue rose 7.7 per cent YoY to P... |
Lucky Cement announces Karachi plant expansion29 July 2016, Published under Cement NewsPakistani cement producer Lucky Cement Ltd informed Pakistan Stock Exchange (PSX) that it will be expanding the capacity of its Karachi cement works by 1.25Mta in a US$30m project. This is in addition to the proposed plant expansion of 2.3Mta at its works in Punjab province. This latest project, when completed, will bring the company's total capacitdy from 7.75Mta to 11.3Mta and help Lucky Cement to meet the growing cement demand in the country. Cement consumption is forecast to rise on ... |
Pakistan: producers warn that tax increase will encourage smuggling26 July 2016, Published under Cement NewsThe All Pakistan Cement Manufacturers Association (APCMA) has warned that the decision to impose an additional excise duty imposed in this year’s federal budget 2016-17 could lead to a rise in smuggling of cement from Iran. The Nation reports that the Pakistani cement industry lost 1Mt in sales due to Iranian cement being smuggled into coastal areas. The APCMA criticised what it said was a lax regime of border controls and called on the government to act. Cement producers in Pakistan n... |
Pakistan: cement demand to grow 8% in run-up 201822 July 2016, Published under Cement NewsThe Pakistani demand for cement during the ongoing FY16-17 and next financial year FY17-18 is expected to grow at a rate of eight per cent annually. This follows the government showing a strong commitment towards the China Pakistan Economic Corridor-led infrastructure development and its higher allocation of funds, up to 20 per cent of the PKR1.675trn (US$15.98bn) to the Public Sector Development Programme for the year. FY15-16 saw double-digit growth in industry dispatches. The strong do... |
Pakistan: Kohat Cement new milling capacity at year-end20 July 2016, Published under Cement NewsKohat Cement Ltd (KOHC) says that work is going on its fourth cement mill to lift its current capacity of 105tph to take its total grinding capacity to 480tph at an estimated cost of INR650m. The mill will be operational by December 2017, says local report. The new mill will replace old technology and improve efficiency at the company's plant in Kohat, Khyber Pakhtunkhwa province. Headquartered in Lahore, Kohat Cement is one of the smaller cement players in the sector with a market s... |
Pakistan: Lucky Cement highlights its social impact18 July 2016, Published under Cement NewsThe largest Pakistani cement manufacturer, Lucky Cement, has highlighted the contribution its operations have made to their locality and the country’s economy reports the Daily Times. Lucky Cement has pointed out that in 2014-15 it paid the government more than PKR7bn (US$67m) in sales and income taxes and generated PKR14bn (US$134m) in foreign exchange. In addition, the company has undertaken a programme to provide clean water supplies to residents of Pezu, its base of operations, whi... |
Pakistan: Pioneer approves new 7000tpd plant05 July 2016, Published under Cement NewsPioneer Cement (PIOC) informed Pakistan Stock Exchange (PSX) on 4 July that the company’s board of directors has approved a capacity expansion plan for a new 7000tpd cement plant. The present Chenki unit, Khusshab district, produces 2Mta of cement in the heart of Punjab province, 250km away from Lahore and 120km away from the M2 motorway. The board also directed company management to consider the possibility of acquiring other cement manufacturer (though no name or structure has been d... |
Pakistan: Kohat Cement reappoints chief executive05 July 2016, Published under Cement NewsKohat Cement Company Ltd (KCCL) announced that it has re-appointed Aizaz Sheikh as chief executive and Nadeem Atta Sheikh as executive director for a term of three years commencing from 29 June 2016. The decision was made in the company's board meeting held on 2 July, in Lahore, says a notice sent to Pakistan Stock Exchange (PSX). |
Pakistan: cement dispatches grow 10% in fiscal year 2015-1604 July 2016, Published under Cement NewsPakistan's cement industry saw a growth of 9.82 per cent in total dispatches to 38.87Mt during fiscal year 2015-16 (July-June) from 35.34Mt in July 2014 to June 2015. The breakdown shows local and export dispatches stood at 33Mt and 5.87Mt, respectively during this period. The All Pakistan Cement Manufacturers Association (APCMA) remarked this growth positive for industry except the levy of additional tax in budget 2016-17 that increased the cement price by INR35 (US$0.52) per bag. To mov... |