Cement News tagged under: Pakistan
Pakistan cement exporters earn US$499m in FY2011-1225 July 2012, Published under Cement NewsPakistan cement manufacturer and exporters during FY2011-12 (July-June) exported 8.257Mt of cement and earned US$498.909m compared to 9.299Mt at US$457.448m in corresponding period last year, according to data released by Federal Bureau of Statistics. This shows that cement exports fell by 11.21 per cent in terms of quantity but rose 9.06 per cent in dollar value over the corresponding period last year, respectively However, on Pakistan rupee terms, exports increased significantly by 14.... |
ABB completes test runs at Attock Cement, Pakistan12 July 2012, Published under Cement NewsABB has successfully completed test runs of its SpectraFlow online analysers at Fauji Cement plant in Attock, Pakistan. Fauji Cement Company (FCC), headquartered in Rawalpindi, operates a 1.165Mta cement plant, located in the province of Punjab. In 2009, Fauji Cement built a second kiln line to expand its production capacity and invested in a raw material proportioning (RMP) solution in combination with a SpectraFlow online analyser to optimise its stockpile blending. The expanded operatio... |
Pakistan cuts Indian cement export prices10 July 2012, Published under Cement NewsPakistan cement producers have cut export prices for India by 13 per cent due to currency movements. The Business Recorder of Pakistan reports that due to the depreciation of the Pakistan rupee, cement producers have reduced export prices by US$/9/t. As such, cement is now being exported to India at an average price of US$60/t compared to US$69/t previously. Market sources said this will help capture the Indian export market which holds much potential despite challenges such as transpo... |
Pakistan’s full-year domestic dispatches rise 8.84%06 July 2012, Published under Cement NewsPakistan has closed fiscal year 2011-12 (FY11-12) with an 8.84 per cent YoY rise in local dispatches, however exports for the year have seen their third successive year of decline and capacity utilisation remains under pressure. Domestic dispatches for the fiscal year, which ended on 30 June 2012, reached a record 23.947Mt, data from the All Pakistan Cement Manufacturers Association (APCMA) shows. However, exports declined by 9.12 per cent to 8.568Mt, marking the third consecutive yea... |
Lucky Cement supplies electricity to HESCO, Pakistan03 July 2012, Published under Cement NewsPakistan-based producer Lucky Cement has started supplying excess electricity generated from its power generation plants to a domestic electricity distribution company. Lucky Cement is selling 20MW/h of electricity to Hyderabad Electricity Supply Company Ltd (HESCO), a company official has said. The company is also likely to start selling the same amount to Peshawar Electricity Supply Company (Pesco) by mid-July, a spokesperson told local press at News Tribe, noting that talks are underwa... |
Mixed trends for Pakistan cement exports26 June 2012, Published under Cement NewsDuring the first 11 months (July 2011-May 2012) of the current fiscal year, Pakistan exported 7.64Mt of cement and earned US$446.85m compared to 8.44Mt at US$414.773m in the corresponding period of last year. This shows that cement expors fell 9.46 per cent in terms of quantity but rose 7.73 per cent in terms of value on a year-on-year basis, according to data released by Pakistan's Federal Bureau of Statistics. In terms of Pakistan currency, exports rose 12.07 per cent during July-May 20... |
PIBT receives US$19m from IFC to part finance terminal21 June 2012, Published under Cement NewsPakistan International Bulk Terminal Limited (PIBT) said it has signed an agreement with the International Finance Corp (IFC), a member of the World Bank Group to get part financing for the construction of Pakistan’s first multipurpose non-food dry bulk cargo terminal at the Port Qasim near Karachi. In his welcome speech, Managing Director Marine Group of Companies Aasim A Siddiqui highlighted the importance of the contributions made by IFC in the Ports of Pakistan and specifically to the... |
Pakistan budget brings relief measures to cement sector07 June 2012, Published under Cement NewsPakistan's Finance Minister Dr. Abdul Hafeez Shaikh has announced number of incentives and relief for various sectors including the cement industry in the Federal Budget July 2012 - June 2013. Dr Shaikh announced an increase in the Public Sector Development Program (PSDP), which is also spent on infrastructure development, to PKR873bn, up 20 per cent from last year. Federal Excise Duty (FED) on cement pricea has been reduced by PKR100/t (PKR5/bag) to PKR400/t (PKR20/bag). In addition, the... |
Pakistan cement industry pins hopes on Federal Budget 2012-1301 June 2012, Published under Cement NewsThe Pakistan cement industry has surplus capacity and the key factors hindering overall production capacity are rises in energy and the demand and supply mechanism, says the pre-budget document, Economic Survey 2011-12. D. Abdul Hafeez Shaikh Federal Minister for Finance, Revenue, Economic Affairs, Statistics and Planning & Development is scheduled to present the 2012-13 Federal Budget at the National Assembly today. The cement industry is pinning its hopes on the government announcing a ... |
Northern Pakistan prices decline30 May 2012, Published under Cement NewsPakistan cement prices have registered a decline of PKR20/bag during May to PKR415-420/bag from PKR435-440/bag due to the start of wheat harvesting, which created a temporary shortage of labour for the construction industry, sources said on Tuesday. It is traditional for construction activity to slow in April and remain under pressure in the Punjab and and Khyber-Pakhtoonkhwa (KPK) until August. Daily dispatches have reduced to 60,000t from around 80,000t, one north-based cement produce... |