Cement News tagged under: Pakistan
Pakistan: Kohat half-year profit up 54%29 January 2016, Published under Cement NewsKohat Cement Company Ltd’s profit climbed 54 per cent to PKR2.10bn (US$20m) in the half-year ended 31 December 2015 on increased sales and other income as well as decreased finance cost and energy prices, analysts said. The cement manufacturer reported a profit of PKR1.36bn in the same period a year earlier. “Decreases in energy prices coupled with increased sales volume are the primary reasons for the improved gross and net margins during the quarter under review,” said Khurram Shehzad,... |
PPC26 January 2016, Published under Cement NewsPPC, along with AfriSam, Lafarge and NPC Cimpor, has been instrumental in imposing new duties on cement imports arriving in South Africa that originate in Pakistan. A final ruling by the International Trade Administration Commission of South Africa stated that Portland cement originating in or being imported from Pakistan was being dumped into the South Africa Customs Union (SACU), causing material injury to the SACU cement market. According to the ruling, material injury includes price ... |
Bestway boosted by Pakcem contribution14 January 2016, Published under Cement NewsBestway Group of the UK, parent company of Pakistan's largest cement producer, announced that its consolidated turnover for the year ending 30 June 2015 increased by 20 per cent to GBP3.06bn from GBP2.55bn in 2014. Profit before tax for the year ended 30 June 2015 was up 39.9 per cent to GBP373.8m from GBP267.1m in 2014. All group businesses continued to be profitable, the group noted. Commenting on the results, group chief executive, Zameer Choudrey, CBE, said: “The past financial year has... |
Pakistan records increased domestic dispatches in first six months11 January 2016, Published under Cement NewsPakistan cement industry saw noticeable growth during the first six months of the current fiscal on the back of higher domestic demand. The data released by the All Pakistan Cement Manufacturers Association (APCMA) revealed that dispatches during July-December 2015 (ie, 6MFY15-16) increased by 6.38 per cent to 18.21Mt compared with dispatches of 17.12Mt during the corresponding period of FY14-15. “It is to be noted that this growth is mainly led by domestic consumption which increased by a... |
Pakistan July-November export volumes down06 January 2016, Published under Cement NewsPakistan exports fell to 2.63Mt in the first five months of the current fiscal, down 32.62 per cent YoY, official government data reveals. In terms of revenue, exports declined 35.79 per cent during the July-November 2015 period to US$147.55m. On positive note, in November 2015 alone, Pakistan exported cement 569,620t at US$30.122m compared to 534,889t at $29.72m, translating to a MoM rise of 6.49 and 1.33 per cent in quantity and dollar value, respectively. However, compared with Novembe... |
Pakistan: Attock Cement selects Hefei for new plant04 January 2016, Published under Cement NewsAttock Cement Pakistan Ltd has awarded a contract to Hefei Cement Research and Design Institute (China) for a new 4000tpd plant in Hub, Balochistan, the cement producer said. "The management of Attock Cement has concluded an agreement for setting up new 4000tpd cement manufacturing plant with all standard parts and accessories with Hefei Cement Research and Design Institute (China)," the company said in a bourse filing. In August the manufacturer informed the Karachi Stock Exchange that... |
ITAC announces final anti-dumping duties23 December 2015, Published under Cement NewsSouth Africa has imposed final anti-dumping duties on Portland cement originating in or imported from Pakistan, ranging between 14.29 and 77.15 per cent, effective 18 December 2015. The duties will remain in place for a period of five years, unless a review process takes place. The decision follows an investigation initiated by the International Trade Administration Commission of South Africa (ITAC) on 22 August 2014 after local producers AfriSam, Lafarge Industries South Africa, NPC Cimp... |
Pakistan exports fall 25% in 5MFY15-1621 December 2015, Published under Cement NewsCement exports from Pakistan have fallen by more than 25 per cent in the first five months of the current fiscal year. Between July and November 2015 cement exports reached 2.56Mt, compared with 3.45Mt in the corresponding period of the previous financial year. Cement plants in the north sold 1.63Mt of exports, down by 25.2 per cent YoY, but dispatched 10.17Mt to domestic market, an increase of 14.6 per cent YoY. In the south, domestic growth was more robust at 21.1 per cent with sales i... |
Pakistan gypsum shortage concern21 December 2015, Published under Cement NewsAs Pakistan’s cement consumption rises, the country’s cement producers have voiced their concerns about dwindling reserves of gypsum and unchecked exports of the raw material to India. “We believe that gypsum reserves will be exhausted in about seven years, which will pose a challenge to the cement manufacturers in the future,” said Khalid Mahmoud, general manager of the DG Khan Cement plant in Khairpur. Some 1000tpd of raw gypsum are imported from Pakistan by India via the Wagah bord... |
APCMA asks to impose 20% regulatory duty on Iranian cement18 December 2015, Published under Cement NewsAll Pakistan Cement Manufacturers Association (APCMA) has requested the Ministry of Finance to impose regulatory duty on cement imports from Iran to save the local industry. In a letter to the Finance Secretary, Waqar Masood Khan, APCMA Chairman, Mohammad Ali Tabba, said that cement imports from Iran have touched “alarming” levels. “Over the last year, larger and larger quantities are arriving daily and now the quantities are at an alarmingly high level, reaching about 2,000tpd," stated th... |