Cement News tagged under: Pakistan
Pakistan: good FY14 with positive outlook for FY1507 July 2014, Published under Cement NewsDomestic cement sales in the last month of FY14 jumped 14.32 per cent to 2.53Mt compared to 2.21Mt during June 2013. Exports were also up, although at a more modest rate of 2.9 per cent, reaching 685,000t, according to the All Pakistan Cement Manufacturers Association. For the full-year, cement sales in Pakistan increased 4.32 per cent to 26.14Mt from 25.06Mt the previous year. Exports declined 2.87 per cent YoY from 8.37Mt to 8.133Mt. However, with total sales rising from 33.432Mt to 34.... |
Pakistan exports decline in first 11 months03 July 2014, Published under Cement NewsDespite a marked increase in shipments to India, Pakistan exports have proved disappointing in the first 11 months of the current fiscal, declining both in volume and revenue terms compared to the same period of last year. Latest data shows that Pakistan exported 7.792Mt of cement on revenues of US$460.30m during the first 11 months (July 2014 - May 2014) of fiscal FY13-14, a YoY decline of 5.08 and 12.23 per cent, respectively. The average cement export price fell by 7.05 per cent to US... |
Lafarge Pakistan launches new Xtreme Bond product02 July 2014, Published under Cement NewsLafarge Pakistan has launched its Xtreme Bond product, a new tile adhesive designed and developed by the company. The adhesive, unveiled at a ceremony in the capital Islamabad, has been specifically designed to combat risks that can occur during tiling, such as differential shrinkage, allowing the job to be completed within a shorter time period, it added. Mirza Sheeraz, brand manager of Xtreme Bond said: “Developing new innovative products that work to make the process easier for professi... |
APCMA calls on government to eliminate duty on imported coal01 July 2014, Published under Cement NewsThe All Pakistan Cement Manufacturers Association (APCMA) is calling on the government to eliminate the one per cent duty on imported coal as it has done with other fuel types since its initial introduction. The association has requested has requested Prime Minister Mian Muhammad Nawaz Sharif, Ishaq Dar, Minister for Finance and Tariq Bajwa, chairman of the Federal Board of Revenue to restore zero taxation on the cement industry’s main fuel. The Pakistan cement sector relies heavily on... |
Lafarge Pakistan to go under hammer26 June 2014, Published under Cement NewsThree leading Pakistan cement producers are gearing up to acquire a majority holding in Lafarge Pakistan, with the bidding process expected to be concluded in the coming weeks. Bestway Cement, DG Khan and Kohat Cement, have received approval from their respective board of directors to separately bid for the acquisition of acquisition of 1.1bn ordinary shares of PKR10 each of Lafarge Pakistan, representing 75.86 per cent of the total issued and paid-up share capital of Lafarge Pakistan. ... |
Maple Leaf signs rail transport agreement, Pakistan11 June 2014, Published under Cement NewsPakistan Railways has signed an agreement with local cement producer Maple Leaf to transport cement from Daud Khel to Karachi. Railways GM (Operations) Anjum Pervaiz and Maple Leaf representative Saeed Sehgal signed the agreement on Monday. Initially, the agreement has been signed for a period of three years. The freight trains utilised for carrying cement would bring coal on the way back from the port city and provide to different power plants in Punjab and Sindh, said a statement issue... |
Pakistan FY14-15 Budget set to positively impact on the cement sector04 June 2014, Published under Cement NewsPakistan’s FY14-15 Budget, announced yesterday by Finance Minister Ishaq Dar, is being regarded as largely positive for the country’s cement industry as it includes a number of infrastructures and energy-related projects which look set to spur demand. It is hoped that a 24 per cent increase in higher Public Sector Development Programme spending (PSDP), investments in irrigations, improving the road network and housing projects will accelerate cement demand from the current growth rate of t... |
Positive outlook for Pakistan producers03 June 2014, Published under Cement NewsThe government of Pakistan said yesterday it expects the domestic cement industry to prosper during fiscal FY14-15, led by improvements in local pricing and demand. According to the Pakistan Economic Survey 2012-13 released yesterday, due to improving cement prices this year, the outlook for most cement players is positive for the next fiscal which begins in July 2014. Local cement dispatches are also expected to increase due to improvements in Public Sector Development government expe... |
APCMA budget proposals02 June 2014, Published under Cement NewsThe All Pakistan Cement Manufacturers Association has proposed a number of incentives to facilitate the industry ahead of tomorrow’s 2014-15 Budget announcement. Among the budget proposals from the APCMA, it has called on the government to abolish the Federal Excise Duty on cement (currently FED400/t) in a phased manner, and reduce general sales tax (GST) from 17 to 12.5 per cent. Officials from the country’s Federal Board of Revenue (FBR) stated that the government promised cement ma... |
Pakistan exports decline in 10MFY13-1428 May 2014, Published under Cement NewsPakistan export volumes and revenues have continued to decline in the first 10 months of the current fiscal, mainly due to a decline in shipments to Afghanistan. On a more positive note, despite the disappointing performance on the export front, utilisation rates have climbed to a five-year high. During the July 2013-April 2014 period, Pakistan exported 6.92Mt of cement on revenues of US$415.03m compared to 7.298Mt at US$468.74m. This translates to YoY falls of 5.18 and 11.46 per cent in t... |