Cement News tagged under: Pakistan
Lafarge Pakistan launches new precast cement22 October 2014, Published under Cement NewsLafarge Pakistan held a launch ceremony for its new specialised OPC, Stallion, an early-setting cement formulated to meet the needs of the precast industry. Marketing director, Rizwan Jamil, said, “Pakistan’s cement industry remains quite basic due to lack of initiatives by the players. Lafarge Pakistan is committed to lead the change by bringing new innovative value offerings tailored to meet the specific needs of various customer groups.” The product is currently available for the p... |
Pakistan first-quarter dispatches up 4.86% YoY08 October 2014, Published under Cement NewsPakistan's total dispatches for the first quarter of the current fiscal increased by 4.86 per cent YoY as domestic sales offset lower exports. Domestic sales increased by 9.85 per cent in the July-September period, according to the latest data. Exports however, dropped by 8.13 per cent YoY during the period. Total dispatches during September 2014 were 3.15Mt compared to 2.94Mt during the same month last year. Domestic dispatches in September were down 13.86 per cent 2.42Mt compared to 2... |
Pakistan sees strong increase in August export growth26 September 2014, Published under Cement NewsPakistan recorded an acceleration in exports during August 2014 against the previous month and were also higher on an annual comparative basis. Exports during August 2014 reached 984,039t – a rise of 76.62 per cent compared to the month before. Revenues were also 76.84 per cent higher at US$57.648m compared to July 2014. On an annual basis, volumes and revenues increased by 23.42 per cent and 28.74 per cent, respectively, July-August 2014 data However, exports during the first t... |
Maple Leaf wins 'Best Corporate Report' award25 September 2014, Published under Cement NewsMaple Leaf Cement Factory Limited was declared the overall winner at the 13th Best Corporate and Sustainability Report (BCSR) Awards hosted by The Institute of Chartered Accountants of Pakistan (ICAP) and the Institute of Cost and Management Accountants of Pakistan (ICMAP). ICAP President, Yacoob Suttar, said corporate reporting has an important role to play in building trust with the stakeholders and the awards recognise excellence in corporate and sustainability reporting. Zia ul Mustafa... |
Lucky alters ownership structure of coal-based power project17 September 2014, Published under Cement NewsLucky Cement has announced a change in the planned structure of its 660MW coal-based power plant, according to a company notice issued to the Karachi Stock Exchange, The board of directors of Lucky Cement has decided that Lucky Electric Power Company Ltd will be a wholly-owned subsidiary of Lucky Cement instead of Lucky Holdings Ltd. Intially, the group planned to set p the power plant as a wholly-owned subsidiary under the 75 per cent-owned ubsidiary Lucky Holdings Ltd. While the ... |
Pakistan’s August cement dispatches higher08 September 2014, Published under Cement NewsTotal Pakistan dispatches during August increased by 23.2 per cent compared to the same month of last year with strong increases seen on both the domestic and export front. Latest data from the All Pakistan Cement Manufacturers Association shows that total dispatches reached 2.7788Mt last month compared to 2.254Mt in August 2013. Domestic cement sales increased by 23.6 per cent to 1.95Mt, compensating for a decline during July 2014. Meanwhile exports rose by 22.3 per cent to 828,000t. ... |
Lucky boosted by higher volumes and pricing03 September 2014, Published under Cement NewsPakistan’s largest cement producer, Lucky Cement, reported a net profit of PKR11.3bn (US$110.34m) for the fiscal ending 30 June 2014, up 16.4 per cent compared to PKR9.7bn in the previous year. Earnings growth was primarily supported by higher sales volumes and prices during the period. On a quarterly basis, earnings grew four per cent QoQ to PKR3.15bn. Revenue increased 14 per cent YoY to PKR43.08bn during FY14 because of a nine per cent rise in sales volumes to 6.62Mt and a 14 per ce... |
Work begins on Pakistan bulk terminal project02 September 2014, Published under Cement NewsWork has begun on the Pakistan International Bulk Terminal project at Port Qasim, the country’s first terminal for handling coal, clinker and cement. The state-of-the-art multi-purpose cargo handling facility will be built on a build operate and transfer basis. Estimated to cost US$250m, it will be able to handle 4Mta of cement and clinker as well as 12Mta of coal. It is expected to be operational by 2016. Port Qasim is located 50km from Karachi, on the coast line of the Arabian Sea. The n... |
Pakistan's export earnings down by one-third29 August 2014, Published under Cement NewsDuring the first month of the new Pakistan fiscal, cement exports declined by 30.31 per cent YoY to 557,159t, with shipments to Afghanistan falling significantly. In revenue terms, exports were down by 33.68 per cent to US$32.59m during the same month, according to the latest data from Pakistan’s Bureau of Statistics. Exports earnings also declined in Pakistan rupee terms by 33.55 per cent to PKR3.216bn during July 2014, Similarly, the average export price of cement dropped 4.84 per cent t... |
South Africa to probe dumping allegations27 August 2014, Published under Cement NewsThe International Trade Administration Commission (Itac) is investigating claims that cement from Pakistan is allegedly being dumped in the Southern African Customs Union (Sacu). South Africa-based producers AfriSam, Lafarge, NPC Cimpor and PPC allege that bagged cement from Pakistan was being dumped at a price 48 per cent lower than the normal value in Pakistan. According to statistics by the XA International Trade Advisors, annual imports from Pakistan rose from 362,350t in 2011 to... |