Cement News tagged under: Pakistan
Kohat Cement establishes a letter of credit for Punjab plant30 December 2021, Published under Cement NewsKohat Cement Co Ltd (KOHC) has informed Pakistan Stock Exchange (PSX) that the company has established a letter of credit for the import of plant and equipment for the pyro-process optimisation of its 6700tpd grey cement production line at Khushab in Punjab. On 17 February 2021, the company approved, subject to all regulatory approvals, setting up of 7800- 10,000tpd cement plant (along with 8-10MW waste heat recovery and 25MW coal-fired power plants), in Khushab. The estimated cost of ... |
Pakistan sees exports surge in November22 December 2021, Published under Cement NewsPakistan's cement and clinker exports has reported mixed results between July 2021 and November 2021. According to a research house, exports observed a negative trend on a cumulative basis driven mainly by the political crisis in Afghanistan, as exports from the north reportedly remained disturbed. Elsewhere, exports from southern plants posted nominal growth. The industry earned US$115.99m in export revenue by dispatching 3.20Mt of cement and clinker overseas in the 5MFY21-22 (1 July-31 No... |
Fauji Cement Co appoints new CEO15 December 2021, Published under Cement NewsThe board of directors at Pakistan’s Fauji Cement Co Ltd has approved the appointment of Qamar Haris Manzoor as chief executive officer. The appointment became effective from 13 December 2021 and is expected to last until 12 December 2024. |
Pakistan’s domestic dispatches grow, but exports declined in November 202107 December 2021, Published under Cement NewsAccording to the data released by the All Pakistan Cement Manufacturers Association (APCMA), local cement dispatches during November 2021 were 4.124Mt compared to 3.742Mt in November 2020, showing an increase of 10.2 per cent YoY. However, exports declined by 9.2 per cent with volumes falling from 766,273t to 695,779t during this period. In November 2021 northern-based cement mills delivered 3.469Mt of cement to domestic markets, representing an increase of 10.9 per cent against 3.129Mt ... |
Pakistan plans new cement capacities for its northern zone06 December 2021, Published under Cement NewsPakistan's five big cement manufacturers are in the process of raising total production capacity in the northern zone, targeting 73.6Mta by 2024 from 54.1Mta of 2021, expanding at an average annual growth of 12 per cent to meet the expected robust demands in Punjab and NPK provinces. In addition, the extra capacity will benefit land export opportunities to Afghanistan and India. The north zones expansion plan includes Lucky Cement raising capacity at its Pezu facility to 9.8Mta from 6.64M... |
Pakistani cement exporters face several challenges24 November 2021, Published under Cement NewsThe exports of cement and clinker from Pakistan have been affected by several factors, including a change in political set-up in Afghanistan, the persistent deadlock in trade between Islamabad and Delhi, anti-dumping duties, and the financial crunch in Sri Lanka, according to Inayat Ullah Niazi, CFO of DG Khan Cement. DG Khan exports its products to Afghanistan, Kenya, Madagascar, Maldives, Mozambique, Seychelles, Sri Lanka and Tanzania. As a result total cement exports declined by 40.4 p... |
Pakistan registers fall in exports during 4MFY21-2222 November 2021, Published under Cement NewsPakistan’s Federal Bureau of Statistics (FBS) reported a 38 per cent fall in exports in terms of dollar value and a 44.2 per cent decrease in export volumes in the 4MFY21-22 when compared with the year-ago period. The cement industry earned US$65.45m of export revenue by dispatching 1.804Mt of cement and clinker overseas, compared with US$105.54m from 3.233Mt of exports in the 4MFY21-22. In local currency terms, exports sales declined 37.6 per cent YoY to PKR10.89bn. In October 2021 alone, ... |
FCCL to become the third-largest player in the country19 November 2021, Published under Cement NewsFauji Cement Company Ltd (FCCL) informed the Pakistan Stock Exchange (PSX) on 18 November that its Board of Directors has approved the process of amalgamation of Askari Cement Ltd into Fauji Cement Co Ltd and its placement before the shareholders in the Extraordinary General Meeting of the company as Special Business for their approval as per requirements of the Companies Act of 2017. While commenting on the amalgamation, AHL Research stated that, pertinently, Askari has a cement capacit... |
Kohat Cement receives regulatory approvals for Punjab plant17 November 2021, Published under Cement NewsKohat Cement Co (KOHC) has obtained all the requisite regulatory approvals for setting up the greenfield 7800-10,000tpd cement production line in Khushab, Punjab province of Pakistan. According to Kohat Cement’s latest report for 1QFY22, acquisition of land is under progress and it is expected that contracts for the supply of plant will be executed. A Letter of Credit for the import of plant and machinery will be established by the end of the 2QFY22. Financial performance in 1Q... |
APCMA reports declining local and export dispatches08 November 2021, Published under Cement NewsAll Pakistan Cement Manufacturers Association (APCMA) reports that cement dispatches declined by 9.1 per cent to 5.214Mt in October 2021 against 5.735Mt in the year-ago period. The breakdown indicates that the local share out of this total stands at 4.603Mt, compared to 4.859Mt in October 2020, showing a reduction of 5.3 per cent YoY. Exports suffered a significant 30.1 per cent decline, as volumes fell from 875,266t to 611,884t in October 2021. A representative of the APCMA said that ... |