Cement News tagged under: Pakistan
Pakistan: APCMA demands checks on smuggling of Iranian cement04 December 2012, Published under Cement NewsThe All Pakistan Cement Manufacturers Association (APCMA) has requested the government take measures to stop the smuggling of Iranian cement into the country to safeguard the domestic cement industry. Iranian cement is reportedly is finding its way to Quetta and other parts of Balochistan (Pakistan's Western province which shares its borders with Iran) through informal channels. Cement is being sold below the average price of locally produced cement of PKR451.50/50kg bag (US$4.62). ... |
Maple Leaf Cement Factory on course for higher FY13 profit27 November 2012, Published under Cement NewsPakistan cement producer Maple Leaf Cement Factory, is on course to record its most highest profit in six years on the back of higher cement prices and lower interest rates to reduce loan payments. According to reports by Businessweek, earnings per share may rise to about PKR3 in the year ending June 2013, according to Waleed Tariq Saigol, a member of the company’s board of directors. EPS in the previous 12 months was PKR0.84. Maple Leaf plans to reduce its debt to PKR13bn (US$135m) in... |
India imposes export barrier for Pakistani cement26 November 2012, Published under Cement NewsIndia has made cement exports subject to a performance bank guarantee of US$10,000 to be supplied by exporters. In a letter issued by the Bureau of Indian Standards (BIS) to all foreign cement manufacturers, said cement exporters would have to submit this guarantee to qualify for exporting cement to the country. The move has not been welcomed in Pakistan which sees it as another nontariff barrier imposed by India to restrict its cement exports despite Pakistan to have accorded the most... |
Lucky Cement plans Indian plant23 November 2012, Published under Cement NewsPakistani cement producer Lucky Cement has expressed interest in establishing a manufacturing plant in India. “Currently, Lucky Cement is contemplating having a direct presence in India once it has achieved key understanding of the Indian market and the opportunities it may offer,” said a spokesperson. “At present, Lucky Cement is seeking guidance both from the Pakistan and Indian government authorities on the existing FDI policy.” If it is realised the investment would be a modest bu... |
Pakistan’s October exports fall but 4MFY12-13 exports see rising value22 November 2012, Published under Cement NewsPakistan’s cement producers recorded a fall in cement exports to 741,782t at US$43.68m when compared with the September figure of 745,237t at US$54.96, declines of 0.46% and 20.53%, respectively. On a YoY basis, export volumes fell 19.4% from 920,375t and 12.54% from US$49.948m in October 2011. In the first four months July-October of FY12-13, Pakistan exported 2.641Mt of cement and earned US$190m. This represents a 14.2% fall in volumes but a 17.3% rise in value compared with the 2011 eq... |
Maple Leaf Cement expects to record highest net profit in six years20 November 2012, Published under Cement NewsPakistani cement producer Maple Leaf Cement Factory Ltd (MLCF) is expected to be on track to record its highest net profit in six years on improved price realisation and lower interest rates reducing loan payments. Rising prices are helping local cement makers to deal with sluggish sales. In the four months ended 31 October, national sales were 1.5% down to 13.4Mt, according to the All Pakistan Cement Manufacturers’ Association. The average price of a 50kg bag could increase to PKR440 by ... |
Pakistan: Building material costs to rise15 November 2012, Published under Cement NewsWhile local Pakistani companies are anticipating a rise in building materials costs over the next year, their counterparts in Iran are already experiencing a hike of up to 30 per cent under the pressure of trade sanctions. Cement prices have increased by 20 to 30 per cent in Iran this year compared to the year before. It's because of energy, transport and supply costs but most of all because of the sanctions. The suppliers are not selling at the same prices as before. The currency exchange ... |
Oracle signs MoU with Thatta for coal supply, Pakistan12 November 2012, Published under Cement NewsOracle Coalfields PLC, the UK coal developer of a lignite mineral property located in the southeastern desert of the Sindh Province, Pakistan, signed a Memorandum of Understanding (MoU) with Thatta Cement Company Ltd for the proposed supply of coal from the mine that Oracle is developing in Block VI of the Thar Coalfield. The MoU, which is between Oracle’s 80 per cent-owned subsidiary Sindh Carbon Energy Limited and Thatta, will see Oracle supply dried coal to Thatta’s cement works. The rep... |
Pakistan October dispatches down on falling exports06 November 2012, Published under Cement NewsPakistan cement dispatches in October 2012 fell by 5.87 per cent mainly due to a steep 20.59 per cent drop in cement exports, data from the All Pakistan Cement Manufacturers (APCMA), showed. Dispatches for the month stood at 2.767Mt, down from the 2.939Mt recorded in the same month last year. Local dispatches were 2.086Mt, representing a marginal rise of 0.19 per cent compared to 2.082Mt in October 2011. In the first four months of this fiscal year, total cement dispatches stood at 10.4... |
Pakistan exports to India decline02 November 2012, Published under Cement NewsPakistan cement exports to India have registered a decline of 15.67 per cent in the first quarter of current fiscal year, standing at 137,742t compared to 163,340t exports in the same period of last year, said Aizaz Mansoor Sheikh Chairman Association of Pakistan Cement Manufacturers (APCMA). Exports to India have been in constant decline ever since the two countries opened their borders for liberal bilateral trade, according to industry sources. Pakistan traders blame the stringent No... |