Cement News tagged under: Pakistan
Pakistan exports volumes fall, rise in value terms28 February 2013, Published under Cement NewsPakistan exports during the first seven months of the current fiscal year (FY12-13) fell 0.52 per cent to 5.076Mt, according to data released by Pakistan’s Federal Bureau of Statistics. In terms of value, however, exports rose by 24.67 per cent to US$273.33m. The average export price of cement increased by 25.31 per cent to US$67.12/t in the seven months from US$53.56/t of 7MFY 2011-12 In January 2012 alone, Pakistan exported 488,884t of cement and earned US$36.25m compared to 90... |
Fauji Cement swings to profit, Pakistan22 February 2013, Published under Cement NewsFauji Cement reported a rise in net profit in the first half of FY13 compared to a loss in the same period of last year. The Pakistan-based producer also reported a strong rise in revenue due to higher selling prices. The company reported a net profit of PKR0.923bn in the first half of the current fiscal compared to a loss of PKR0.102bn in 1HFY12. Revenue reached PKR7.567bn in the period, up by 77 per cent compared to PKR4.257bn in FY12 thanks to a better pricing environment. Prices we... |
Majority stake in Zeal Pak Cement to be sold, Pakistan21 February 2013, Published under Cement NewsThe majority shareholder of Pakistan cement manufacturer Zeal Pak Cement, Sardar Mohammad Ashraf D Baluch (Pvt) Ltd, plans to its 64 per cent controlling stake in the company. Zeal Pak’s plant, located in Hyderabad, Sindh province, is a wet-process plant with a capacity of 3000tpd. A company official told CemNet News that the owner also wants to sell Zeal Pak Cement Factory’s paper sack division, which has a capacity of 120,000 bags per day. The slag division of Zeal Pak Cement Factory is ... |
Lafarge Pakistan appoints new CEO06 February 2013, Published under Cement NewsLafarge Pakistan Cement has appointed Amr Ali Reda as its new Chief Executive Officer (CEO) for a term of three years, the company informed the Pakistan Stock Exchange. The changes at the top were made through an extraordinary general meeting of shareholders on 21 January 2013. Mr Reda has held many senior positions in various multinational companies. Prior to joining Lafarge Pakistan, he was the regional business controller of Lafarge Middle East and Pakistan and has served as a membe... |
Pakistan's domestic sales rise 10.1% in January05 February 2013, Published under Cement NewsPakistan’s domestic consumption continues to uphold sales with latest industry data for January show another decline in exports. According to data from the All Pakistan Cement Manufacturers Association, domestic cement sales jumped by 10.10 per cent to 2.135Mt in January 2013. However, exports fell by 11.91 per cent to 522,584t during the month. In the first seven months (July-January) of the current fiscal year, total cement sales rose by 4.02 per cent and reached 18.607Mt. Domestic c... |
Lucky Cement first-half boosted by higher prices, Pakistan29 January 2013, Published under Cement NewsPakistan’s leading cement producer Lucky Cement has recorded a strong rise in profit for the first half of the current fiscal year, driven by higher selling prices. Profit for the first six months of FY12-13 rose 42.15 per cent rise to PKR4.29bn (US$44m). Cement prices during the period rose 13 per cent to PKR465/bag (US$4.76) in the south zone and eight per cent in the north to PKR438. Additional increasing income and declining financial charges supported the company's bottom-line. G... |
Pakistan first-half cement export volumes rise24 January 2013, Published under Cement NewsPakistan cement exporters have registered almost a 30 per cent YoY rise in cement export volumes in the first six months of the current fiscal. However, the amount of deliveries to neighbouring India continue to disappoint. During 1HFY13, Pakistan exported 4.514Mt of cement and earned US$304.92m compared to 4.419Mt at US$235.02m in the corresponding period of last year. This shows that cement exports rose by 2.16 per cent in terms of dollar value and 29.74 per cent in quantity over the Ju... |
Thatta’s Cement announces modernisation project, Pakistan22 January 2013, Published under Cement NewsPakistan cement producer Thatta Cement Company’s announced that its board of directors has approved a plan to improve production efficiency at its cement works through a ‘Balancing Modernisation and Rehabilitation’ (BMR) programme. The BMR project will take about 18-24 months to execute from the date of equipment order, CemNet News has learnt. Thatta’s cement works is located 115km northeast of Karachi, in Makli, Thatta District. The plant was commissioned in 1982 and based on dry-proc... |
Pakistan exports to India slow16 January 2013, Published under Cement NewsExports of cement over the northeast border of Pakistan to western India have slowed over the past week due to border tension between Islamabad and New Delhi. It has been alleged that trucks carrying cement are being examined carefully and slowly, which has partially affected deliveries, the All Pakistan Cement Manufacturers Association has said. The issue is exacerbating the concerns of a drop in exports from Pakistan to its neighbour over the past six months. Over July-December... |
Pakistan first-half domestic sales rise, exports remain under pressure07 January 2013, Published under Cement NewsPakistan has recorded a rise in domestic cement sales in the first half of the current fiscal but export levels continue to remain under pressure. Latest data from the All Pakistan Cement Manufacturers’ Association (APCMA) shows that local dispatches in 1HFY12-13 rose by 7.61 per cent to 11.728Mt YoY however exports declined by 5.28 per cent during the period to 4.22Mt. Cement units located in the south registered growth of 7.98 per cent in local dispatches but a 16.34 per cent decli... |