Cement News tagged under: Pakistan
Pakistan production costs set to increase10 January 2014, Published under Cement NewsPakistan cement producers fear further production costs increases after the Gas Infrastructure Development Cess (GIDC) has been increased from PKR50/mmbtu to PKR100. This will push up costs for those producers with gas-fed captive power plants, such as Lucky Cement, DG Khan Cement and Maple Leaf Cement Company. The Pakistan Tribune quoted Farhan Mehmood of Sherman Securities as saying that the increase could lead to an increase of cement prices by PKR10-12/bag. The tax was initially... |
Pakistan exports fall in 5MFY1307 January 2014, Published under Cement NewsDuring the first five months of FY13-14, Pakistan exported 3.749Mt of cement on foreign exchange revenues of US$225.30m, down 0.44 and 8.03 per cent YoY in terms of volume and value, respectively. However, on a more positive note, in local currency terms, Pakistan producers and exporters saw growth of 0.93 per cent to PKR23.48bn. The average price fell 7.63 per cent to 7.63 per cent to US$60.09/t from US$65.05/t in the same five months of the previous fiscal. According to Pakistan’s B... |
Saigol appointed chairman of Maple Leaf Cement06 January 2014, Published under Cement NewsMaple Leaf Cement Factory Ltd (MLCFL) has appointed Tariq Saeed Saigol as chairman of the company for a term of three years. Company secretary Muhammad Ashraf on Friday announced that MLCFL's board of directors confirmed the appointment, effective 1 January 2014. |
Pakistan first-half cement sales edge ahead06 January 2014, Published under Cement NewsPakistan’s cement sales in the first half of fiscal FY14 edged ahead by 1.8 per cent with a long-awaited pick-up in exports recorded in December, latest data from industry association APCMA shows. Overall sales increased by 3.8 per cent in 2013 with domestic sales increasing to 2.33Mt from 2.24Mt in the same month of the year before. After declining for the first five months of FY14, exports increased to 625,000t in December 2013 against 580,000t in December 2012, resulting in YoY grow... |
Pakistan: quarterly gains expected03 January 2014, Published under Cement NewsPakistan cement dispatches during the second quarter of the current fiscal are expected to have increased by 5.13 per cent on a QoQ basis to 8.2Mt compared to 7.8Mt in the first three months of the year. According to a report by InvestCap, domestic sales are anticipated to have increased by 14 per cent over the October-December period on a QoQ basis but exports are seen declining 16 per cent. Total dispatches increased by four per cent in December compared to 2.73Mt in November, the re... |
Pakistani cement exports to India down 11%27 December 2013, Published under Cement NewsPakistan’s cement exports to India posted a fall of 11 per cent during Jul-Nov of this fiscal year compared to the same period last fiscal year, according to the Pakistani Business Recorder. Industry sources said non-tariff barriers are hampering cement export to India, which fell from 183,400t to 163,500t over the five months. Pakistan’s overall cement exports fell by three per cent to 3.5Mt. Currently, the country’s cement producers export around 25 per cent of total production. |
Pakistan: Lahore Stock Exchange delists Mustehkam Cement after Bestway merger27 December 2013, Published under Cement NewsLahore Stock Exchange has delisted Mustehkam Cement as the company merges with Bestway Cement on 26 December. The move finalises a process that saw Mustehkam Cement shareholders approve the merger last May with the Islamabad High Court following suit on 30 September 2013. |
Pakistan November dispatches decline, prices hold firm05 December 2013, Published under Cement NewsPakistan cement dispatches in November fell six per cent compared to the previous month but cement prices have risen by four per cent since the start of the current fiscal. Preliminary data shows that dispatches declined to 2.6Mt in November 2013 as the onset of winter hampers sales. However, on a YoY basis, sales were down by only two per cent. Domestic demand is expected to have reached 2Mt, down three per cent MoM but up by three per cent on an annual comparative basis. Exports, howeve... |
Lucky to begin Basra plant trial production, Iraq29 November 2013, Published under Cement NewsPakistan's largest cement producer, Lucky Cement, has said it is working on its 0.87Mta grinding plant in Basra, Iraq on a fast-track basis and trial productions are expected to begin next month. The company intends to import clinker from the UAE for this project. The new grinding plant is expected to cost US$35m, with an expected payback period of three years. Lucky Cement has said it may consider setting up a fully integrated works in Iraq, on successful implementation of the Basra fa... |
Pakistan dispatches slip in first four months of FY13-1429 November 2013, Published under Cement NewsPakistan cement sales in the first four months of the current fiscal slipped 0.39 per cent, while capacity utilisation stood at 70 per cent due to heavy monsoons and Eid holidays, a spokesperson from the All Pakistan Cement Manufacturers Association has said. During the July-October period, total sales were 10.437Mt compared to 10.477Mt in same period of last year. Local cement dispatches during the period stood at 7.518Mt against 7.524Mt the year before. Exports during the four months wer... |