Cement News tagged under: Pakistan
PPC29 June 2015, Published under Cement NewsMarking the first collaboration between the two companies, PPC has recently signed an EPC contract with Sinoma’s CMBI Construction Co Ltd for a new 3000tpd clinker production line at PPC’s Slurry plant near Lichtenburg, South Africa. The new kiln line 9 is expected to take 25 months to complete. The contract includes engineering, procurement, civil works, installation and commissioning. Meanwhile, PPC, along with Afrisam, Lafarge and NPC Cimpor, has successfully campaigned for a provision... |
Pakistan: Dewan Cement restructuring debt22 June 2015, Published under Cement NewsDewan Cement Ltd (DCL) has taken steps to ease debt burden and improve production efficiency. According to a local brokerage house, the company has taken the first step in converting its debt amounting PKR450m into equity by issuing 45m shares and is planning to further convert debt amounting to PKR500m into 50m shares to its director. This will lower Dewan's financial leverage thereby helping it obtain a loan to meet its working capital requirements. Moreover, management intends to resch... |
Pakistan increases duty on imported cement09 June 2015, Published under Cement NewsPakistan's Finance Minister, Ishaq Dar, has proposed a number of measures under Budget FY15-16 that will have a direct and indirect impact on the cement industry and which are likely to help increase demand in the country. The proposals include an increase in the duty on imported cement, rationalisation of the tax structure for the cement industry and housing development, a significant rise in spending under the government's Public Sector Development Programme (PSDP), a five-year tax holi... |
Pakistan’s consumption up 8%, but exports fall08 June 2015, Published under Cement NewsWhile Pakistan’s cement industry recorded strong domestic growth of 8.07 per cent in cement consumption during May, there was also a steep decline in exports and the sector is not performing to full capacity. The decline in exports during May was 26.13 per cent which led to an overall decline of 0.39 per cent in the cement despatches compared with May 2014. A spokesman of the All Pakistan Cement Manufacturers Association (APCMA) said the cement industry was still operating below capacity ... |
Pakistan: hopes of FY15-16 budget boost03 June 2015, Published under Cement NewsThe Pakistan cement industry has submitted a number of proposals to the government ahead of Budget FY15-16. The All Pakistan Cement Manufacturers’ Association has proposed a review of the Federal Excise Duty (FED), Sales Tax, import duty on coal, duties on waste and scrap tyres, duties on Iranian cement and an increase in the allocation of funds under the government's Public Sector Development Programme (PSDP). The industry body argues that the rationalisation of taxes should help ce... |
Pakistan to contest ITAC ruling02 June 2015, Published under Cement NewsThe government of Pakistan is to challenge South Africa’s recent decision to impose duties on imported cement from the country. “We are analysing the detailed report of International Trade Administration Commission of South Africa (ITAC) to determine our course of action,” an official of the Pakistan National Tariff Commission (NTC) told Dawn media (Pakistan) on Friday. Last month, ITAC imposed provisional anti-dumping duties ranging from 14.29 per cent to 77.15 per cent on Portla... |
Domestic demand buoys Pakistan dispatches in first 10 months01 June 2015, Published under Cement NewsA total of 29Mt of cement was dispatched during the first 10 months (July 2014 - April 2015) of the current Pakistan versus 28Mta in the same period of last year due to a rise in domestic demand, the All Pakistan Cement Manufacturers Association (APCMA) said. Total dispatches in April 2015 were 3.29Mt compared to 3.21Mt during the same month last year, up by 2.62 per cent. Monthly domestic dispatches increased by 4.57 per cent to 2.65Mt. Meanwhile, exports fell by 4.72 per cent to 0.64Mt ... |
Pakistan cement exports see monthly gains27 May 2015, Published under Cement NewsPakistan's cement exports during April 2015 showed sequential gains but declined over the first 10 months of the current fiscal on an annual comparative basis, with shipments to its main market of Afghanistan down by almost a quarter. In April 2015, Pakistan exported 614,732t of cement on revenues of US$33.36m, up by 40.02 and 33.51 per cent, respectively compared to the previous month. However, on an annual basis, export volumes were down by 14.9 per cent while the value in dollar ter... |
APCMA calls for increased duty on imported cement26 May 2015, Published under Cement NewsThe chairman of the All Pakistan Cement Manufacturers Association (APCMA) has suggested that the one per cent custom duty on the import of cement be increased to 25 per cent to curb imports, citing in particular imports from Iran. Considering the recent imposition of anti-dumping duty on Pakistani cement by South Africa, the chairman has called on the Pakistan government to also increase duties to stop the influx of Iranian cement which it claims is damaging the domestic indust... |
Fauji Cement inaugurates WHR project, Pakistan19 May 2015, Published under Cement NewsFauji Cement Company Ltd (FCCL) has inaugurated a 12MW waste heat power project at its factory in Jhang Bahater, Attock district of Pakistan. Sinoma Energy Conservation of China commissioned the project at an estimated cost of PKR 1.7bn (US$16.7m) in 14 months. The WHR unit was completed in April 2015 and has been on trial generation. The company reports that its benefits will start accruing in the final quarter of FY14-15. Present at the official launch ceremony last week were Kha... |