Cement News tagged under: Pakistan
Pakistan: Iranian imports continue to hurt domestic producers (APCMA)23 November 2015, Published under Cement NewsThe All Pakistan Cement Manufacturers Association (APCMA) said markets in areas near the Pakistan-Iran border and the coastal areas of Baluchistan continue to be flooded with Iranian cement which is sold well below the PKR525-550/bag charged by local cement producers. In a letter to Federal Secretary of Commerce, Muhammad Shehzad Arbab, APCMA chairman, Muhammad Ali Tabba, urged the Ministry of Commerce to suspend cement imports through land routes into Pakistan, and further suggested the ... |
Pakistan challenges SA anti-dumping duty decision20 November 2015, Published under Cement NewsPakistan's Ministry of Commerce has initiated World Trade Organisation (WTO) dispute settlement proceedings to challenge South African decision to impose preliminary anti-dumping duty on the import of Pakistani cement. Earlier this year, South Africa authorities (ITAC) imposed duties on various Pakistani cement exporters ranging from 15-68 per cent. The South African government considered that these imports were causing injury to the local cement industry. The basis of Pakistan's argu... |
Pakistan: cement industry demands export incentives13 November 2015, Published under Cement NewsAs Pakistan reports a decline in cement export sales over the first quarter of FY16, the local industry body is calling on the government to provide relief measures and incentives to facilitate exports going forward. During first three months of the current fiscal Pakistan exported 1.52Mt of cement and earned export revenue of at US$87.74m compared to 2.42Mt at US$142.78m. This translated to a fall of 36.91 and 38.55 per cent in terms of quantity and value in dollar respectively over 1QFY... |
CTP closes three contracts, Pakistan12 November 2015, Published under Cement NewsCTP TEAM, a Bedeschi company, announced the closing of three contracts with Power Cement Ltd for the upgrade of dedusting systems at the producer's cement factory in Pakistan. Part of the Harif Habib Company, Power Cement operates two production lines at the cement plant situated near Karachi. The contract with CTP concerns the conversion of Kiln No 2's raw mill electrostatic precipitators (ESPs) into baghouses, the conversion of the cooler's ESP into baghouse and the supply of the new cem... |
Pakistan July-October sales boosted by strong domestic demand growth05 November 2015, Published under Cement NewsPakistan cement dispatches in the first four months of FY16 increased by 3.79 per cent YoY to 11.398Mt, according to the All Pakistan Cement Manufacturer’s Association (APCMA). Domestic sales during the period climbed to 9.37Mt, representing a YoY increase of 14.38 per cent – the fastest growth in the last eight years, the industry body noted. However, exports fell by just over a quarter to 2.028Mt versus 2.79Mt in the comparative period of last year. Regional breakdown Closer anal... |
Pakistan: Fauji Cement first-quarter earnings rise03 November 2015, Published under Cement NewsFauji Cement Co Ltd (FCCL) announced corporate earnings for the quarter ended 30 September where the company posted profits of PKR1.102bn (US$10.5m) against PKR601.96m a year ago, a company statement said on Thursday. "The result outperformed the market forecast for the quarter on the back of lower-than-anticipated cost of goods sold and financial charges," Faizan Ahmed at JS Global Capital said. Revenues increased by 4.9 per cent in 1QFY16 to PKR4.381bn, as local dispatches remained stron... |
Lucky Cement plans Punjab plant02 November 2015, Published under Cement NewsLucky Cement posted a net profit of PKR2.968bn (US$28.2m) during the first quarter ended 30 September 2015, 11.2 per cent higher than the same period of last year. Revenue declined by 1.2 per cent to PKR10.34bn versus PKR 10.47bn a year earlier. The reduction was attributed to a 2.7 per cent in sales volumes which was partially offset by 1.5 per cent increase in net retention due to improved sales mix. Domestic sales increased by 11 per cent to 1.07Mt (0.97Mt a year earlier), while exp... |
ICCI asks cement manufacturers to reduce prices to help quake-hit areas29 October 2015, Published under Cement NewsThe Islamabad Chamber of Commerce and Industry (ICCI) has called on Pakistan's cement manufacturers to reduce the price of cement to benefit the millions of people whose homes were damaged after a 7.5 magnitude earthquake hit the Pak-Afghan region earlier this week. Pakistan’s Ministry of Water and Power says early reports indicate the country’s dams and hydropower installations are safe and secure . However, houses and others infrastructure have reportedly been damaged in northern area. ... |
Attock Cement 1Q net profit up 2%26 October 2015, Published under Cement NewsAttock Cement announced a net profit of PKR470m (US$4.5m) in the first quarter (Jul-Sep) of fiscal year 2015-16, up just two per cent compared to the profit it earned in the same period of the previous fiscal year. Earnings per share (EPS) were up to PKR4.20 from PKR4.11 in the period under review. The company registered a 10 per cent YoY decline in sales mainly on the back of a 10 per cent reduction in dispatches, a report by Arif Habib Limited published in the The Express Tribune (Pakist... |
Maple Leaf Cement 1QFY15-16 profit rises by 55%21 October 2015, Published under Cement NewsPakistan-based Maple Leaf Cement net profit surged 55 per cent to PKR846.729m (US$8.1m) in the quarter ended 30 September 2015 versus PKR545.319m a year earlier, the company said on Monday. Revenue increased by 11.5 per cent to PKR4.965bn for the period under review versus PKR4.453bn in 1QFY14-15. Earnings per share stood at PKR1.60, up from PKR1.03 in the same period of last year. Maple Leaf Cement operates a 3.37Mta integrated plant in Daudkhel, Punjab province. |