Cement News tagged under: Pakistan
Fecto Cement appoints chairman and chief executive08 November 2021, Published under Cement NewsPakistan’s Fecto Cement has appointed Aamir Ghani and Mohammed Yasin Fecto as chairman and chief executive, respectively, with effect from 1 November 2021. The appointment has been made for a term of three years, according to Pakistan Company News. |
Punjab government to charge cement companies for groundwater02 November 2021, Published under Cement NewsThe government of the Punjab will charge cement producers in the state up to US$0.93/m 3 for ground water used in their cement production. The Dawn newspaper has reported that the charge will depend on water availability, and be US$0.6/m 3 in water secure areas, US$0.85/m 3 in semi-critical areas and US$0.93/m 3 in critical areas most affected by drought. The measure aims to encourage rainwater harvesting to preserve water tables. The charges will impact Maple Leaf Cemen... |
Soaring freight rates prompt cement sector reaction29 October 2021, Published under Cement NewsThis week, we are taking a look at the rising costs of dry bulk freight and the resulting impact on the cement industry. Earlier this month, the Baltic Dry Index, a global indicator of bulk freight rates, reached 5670 , marking its highest level since September 2008. Dry bulk rates on the whole have been steadily rising with spot rates for large dry cargo ships, such as Capesize, topping US$80,000 a day in the opening week of October – up 50 per cent in just two weeks. Much of the ri... |
Attock Cement records 22% decline in revenue25 October 2021, Published under Cement NewsPakistan’s Attock Cement has announced a 21.6 per cent YoY decrease in consolidated revenue to PKR5.73bn (US$32.86m) in the quarter ending 30 September 2021, compared to PKR7.31bn in the year-ago period. Profit also fell 46 per cent YoY to PKR373.3m from PKR691.7m in the 1QFY20-21. |
Pakistan: 3MFY2021-21 exports mixed19 October 2021, Published under Cement NewsPakistan's Federal Bureau of Statistics (FBS) has released cement and clinker export data for the first quarter (July-September) of FY2021-22. Both value and quantity of exports slid during this period on a cumulative basis compared with the equivalent months in FY20-21, but growth was recorded MoM. Between July-September 2021, Pakistan's cement industry earned US$55.2m of export revenue by dispatching 1.555Mt of cement and clinker overseas, compared to US$72.29m from 2.206Mt of export... |
Pakistan’s manufacturing costs rise06 October 2021, Published under Cement NewsCoal FOB prices have increased from US$68/t in September 2020 to over US$210/t during September 2021, says the All Pakistan Manufacturing Cement Manufacturers Association (APCMA). Ocean freight from South Africa to Karachi has also increased from US$11/t in September 2020 to US$30/t in September 2021. Pakistani rupee parity to the US dollar has increased from PAK165 to over PAK171/US$ during the same period. A representative of APCMA added that power and energy rates continue to increase,... |
Pakistan's local and overseas cement dispatches drop during September05 October 2021, Published under Cement NewsPakistan's local and export dispatches during September 2021 remained depressed, reports All Pakistan Cement Manufacturers Association (APCMA). Domestic dispatches stood at 4.018Mt and exports reached 0.572Mt compared to 4.095Mt and 1.131Mt in September 2020, respectively. This defines a YoY eduction of 1.9 per cent and 49.5 per cent on local and overseas markets, respectively. At the same time, total cement dispatches declined by 12.2 per cent to 4.589Mt from 5.225Mt during this period. ... |
Dewan Cement sees 7% rise in turnover27 September 2021, Published under Cement NewsPakistan's Dewan Cement has announced a 7.3 per cent YoY rise in net turnover to PKR6.3bn (US$37m) for the year ended 30 June 2021, compared with PKR5.83bn in the year-ago period. The company also recorded a PKR666.4m loss for the FY20-21, which had contracted against the PKR1.32bn loss seen in the previous fiscal year. |
Askari Cement orders three new cement mills23 September 2021, Published under Cement NewsPakistan’s Askari Cement Ltd has ordered three MVR vertical roller mills from Gebr Pfeiffer for its plant in Nizampur. Two of the mills are MVR 5000 C-4 cement mills, which together grind 360tph of cement to a fineness of 3250cm²/g according to Blaine. The other is an MVR 5000 R-4 raw mill for grinding 520tph of raw material to a fineness of 12 per cent R90µm. A SLS V high-efficiency classifier will also be installed on all three mills. The order is being handled by China’s Hefei Cement Re... |
Pakistan’s promising prospects21 September 2021, Published under Cement NewsPakistan’s cement sector performed very well in the FY21, supported by government policies to assist construction activity in the wake of the COVID-19 crisis. Going forward local demand is expected to remain robust, giving rise to new capacity enhancements. Improved pricing power also bodes well for producers in terms of enhanced profitability. By The Pakistan Credit Rating Agency Ltd, Pakistan. Economic growth and government spending on development projects are the main drivers of ce... |