Cement News tagged under: Pakistan
Bestway Cement: building for a greener future27 May 2022, Published under Cement NewsThis week Bestway Cement announced that it is building a new 7200tpd cement plant in Paikhel, Mianwali district, Punjab province, Pakistan, which it expects to commission by the end of this year. The Pakistani cement company has slipped into second place behind Lucky Cement in terms of domestic cement capacity. However, it is not standing still and is preparing to fend off competition for its market share. As detailed in its 3Q22 report, Bestway Cement plans further expansion, helping it ... |
Bestway Cement Ltd plans greenfield Punjab plant24 May 2022, Published under Cement NewsBestway Cement Ltd has announced its plans to setup a greenfield cement plant with a capacity of 7200tpd of clinker in Punjab province, Pakistan, along with 9MW waste heat recovery plant. Bestway Cement has entered into an agreement with Sinoma International Engineering Co of China for engineering, procurement and construction (EPC). “In view of increasing demand for cement in the country, Bestway Cement has decided to setup a greenfield cement plant in District Mianwali along with 9... |
Pakistan's government to conduct cement industry report19 May 2022, Published under Cement NewsPakistan’s government plans to conduct research reports on the cement, automobile and fertiliser sectors in Pakistan. The feasibility report will be conducted by Pakistan Industrial Development Corp (Pvt) Ltd (PIDC) with the assistance of private consultancy firms with experience and expertise in conducting research studies relevant to these sectors in Pakistan. The research study would cover cost analysis, challenges, sector review and performance. Interested firms are requested to submi... |
Pakistan cements export plunges in April and 10MFY2216 May 2022, Published under Cement NewsPakistan's cement exports continued to fall in April alone and 10MFY22, in particular due to high freight costs and other local factors, according to Pakistan Bureau of Statistics. Experts stated that high freight costs have made exports overseas unviable. The seaborne exports will continue their current trajectory until freight rates normalise. In addition, cross-border exports to Afghanistan and other regional markets have also fallen victim to poor economic conditions. Sri Lanka is sl... |
Pakistan’s cement dispatches decline in April and 9MFY2210 May 2022, Published under Cement NewsPakistan's cement industry is facing weaker dispatches issues due to the unstable business and economic situation prevailing in the country. Even the Pakistan stock exchange witnessed a several losses on 9 May 2022, due to further devaluation of the Pakistani rupee against US dollar, uncertainty regarding debt repayments and depletion of foreign exchange reserve, leading investors to remain sidelined from the market as they await a positive trigger by IMF revival programme. The total ceme... |
Pakistan’s producers contend with soaring costs05 May 2022, Published under Cement NewsIn the first nine months of the current financial year (9MFY22), Pakistan’s cement producers sold 40.8Mt of cement, down 2.5Mt or 5.8 per cent on the same period a year earlier. While local dispatches have remained stable at 36.1Mt, exports have fallen by 35 per cent. With costs continuing to soar, domestic cement producers are reporting a mixed bag of results as the industry reels from the economic fallout of the pandemic and ongoing crisis in Ukraine. According to estimates by research... |
Lucky Cement sees double-digit profit growth02 May 2022, Published under Cement NewsLucky Cement Limited has reported profit after tax on a consolidated basis of PKR26.53bn (US$142.9m), of which PKR5.81bn was attributable to non-controlling interests, in the nine months ending March 31, 2022. This translates into earnings per share (EPS) of PKR64.07, compared to PKR56.36 in the same period a year earlier. The company saw gross turnover of PKR265.70bn, up 31.2 per cent YoY. Consolidated net profit, attributable to the owners’ of the holding company, advanced by 13.7 per cent... |
Pakistan cement dispatches and exports slow in 9MFY2221 April 2022, Published under Cement NewsPakistan’s cement dispatches have slowed amid rising construction costs, a lower development budget and higher freight costs with 9MFY22 dispatches down six per cent, says Topline Securities. Topline analysts report that political noise, economic slowdown and rising cement bag costs could further affect dispatches going ahead. Along with the lower dispatches, rising coal cost is another key concern for the sector as global supply chain disruption, and the Russia-Ukraine war has kept t... |
Power Cement's Kiln Line III to resume operations by the end of April 202213 April 2022, Published under Cement NewsPower Cement Ltd informed Pakistan Stock Exchange (PSX) on 11 April 2022, that a component of the new Line III of the company’s plant at Nooriabad Industrial Area, Kalo Kohar District, Jamshoroo, Sindh, was damaged at the end of January 2022. According to Power Cement's Company Secretary, Salman Gogan, it does not expect an adverse financial impact due to the warranty coverage and the availability of stock sufficient to cover over two months of sales. Meanwhile, the planned periodic ... |
APCMA reports local dispatches improve while exports fall in 9MFY2208 April 2022, Published under Cement NewsAccording to the data released by the All Pakistan Cement Manufacturers Association (APCMA), Pakistan cement total dispatches (local and overseas) declined by 6.3 per cent in March 2022 to 5.04Mt against 5.37Mt in the same month of last fiscal year. The breakdown suggests a domestic consumption of 4.74Mt and 815,120t of exports versus 4.56Mt and 815,120t, respectively in March 2021. It sees local dispatches up four per cent, but exports dispatches suffered a considerable decline of 63.8 per... |