Cement News tagged under: Pakistan
Attock Cement adds a new line at Hub17 April 2024, Published under Cement NewsIrfan Amanullah, company secretary at Attock Cement , informed the Pakistan Stock Exchange on 16 April that construction and installation work concerning the additional 1.275Mta cement line at the Hub manufacturing site in Baluchistan was completed. The new line is now operational and production has commenced. |
Pakistan producers to add expiry dates to cement bags17 April 2024, Published under Cement NewsThe Competition Commission of Pakistan (CCP) has issued a Policy Note under Section 29 of the Competition Act, 2010 to the Ministry of Science and Technology and Pakistan Standards and Quality Control Authority (PSQCA). The Policy Note recommends an amendment to the Pakistan Standard Specification for all five types of cement and make it mandatory for cement manufacturers to disclose the ‘manufacturing/packaging and expiry/best before’ dates on their cement bags. CCP observed that ceme... |
Administrative changes at Fecto Cement and Fauji Cement11 April 2024, Published under Cement NewsFecto Cement Ltd's Company Secretary, Abdul Wahab, informed Pakistan Stock Exchange Ltd (PSX) on 8 April that Hanif Idress has been appointed as the Chief Financial Officer (CFO) of Fecto Cement Ltd in place of Abdul Samad with effect from 1 April 2024. The information is also meant for PSX TRE Certificate Holders accordingly. Meawnhile, on 8 April Fauji Cement Co Ltd (FCCL) informed the Pakistan Stock Exchange Ltd (PSX) that Lt Gen Anwar Ali Hyder, HI (M), (Retired) had been appointe... |
Cement production sees negligible growth in 7MFY23-2410 April 2024, Published under Cement NewsAccording to the Pakistan Bureau of Statistics, Pakistan’s cement industry production during the first seven months of FY23-24 (July 2023-January 2024) stood at 24.24Mt, almost flat (0.05 per cent growth) compared to the previous year’s corresponding data. The obvious reason was the slowdown in the country’s construction industry due to the high cost of business. However, Johar Qandhari, president of the Korangi Association of Trade and Industry (KATI), expressed satisfaction over the re... |
Exports driving Pakistan cement sales04 April 2024, Published under Cement NewsTotal cement dispatches in Pakistan rose 3.9 per cent YoY to 3.941Mt in March 2024 from 3.795Mt a year earlier, according to the All Pakistan Cement Manufacturers Association. Local dispatches dipped 0.6 per cent YoY to 3.336Mt from 3.357Mt in March 2023, contained by extreme weather, including heavy snowfall in the north and flooding in the southern coastal city of Gwadar, as well as moderating but still high inflation, and the month-long holy month of Ramadan. Meanwhile, exports jumped a n... |
Maple Leaf Cement has bought shares in a fertiliser company04 April 2024, Published under Cement NewsMaple Leaf Cement Factory Ltd has acquired and settled 6m voting shares of M/s Agritech Ltd (formerly Pak-American Fertilizers Ltd), the first nitrogenous fertiliser plant built in Pakistan. “Under the above acquisition, Maple Leaf Cement Factory Ltd plus Maple Leaf Capital Ltd (person acting in concert) now hold 44,670,000 voting shares of the target company, ie 11.38 per cent aggregate shareholding (taken together with voting shares already held by MLCL) in the target company’s share ... |
Power Cement debuts export to the USA03 April 2024, Published under Cement NewsPower Cement Ltd has dispatched its first shipment to the USA. This shipment follows the start of exports to the Europe. On 27 December 2023, Power Cement marked a significant milestone as it successfully entered the European market by exporting its cement to the UK, marking the company's commitment to global expansion. It positions the company as a formidable force in the international construction materials arena, notably as the first Pakistani cement exporter to enter the UK market. ... |
Flying Cement Ltd's new Line II to announce start of production03 April 2024, Published under Cement NewsFlying Cement Ltd has yet to officially announced the start of production of its new 9000tpd (clinker) Line II, which had a scheduled commissioning date of March 2024. JS Research said commissioning Flying Cement’s 3Mt plant amidst low industry utilisation is challenging. The industry’s average capacity utilisation remained below 60 per cent in the recent quarter, and analysts estimated and pointed out that this could alter the dynamics of the northern market of Pakistan. In the 1HFY... |
Think tank to promote industrialisation in Pakistan02 April 2024, Published under Cement NewsPakistan's top trade body, the Federation of Pakistan Chambers of Commerce & Industry (FPCCI), has established a think tank including members from the cement industry to promote industrialisation/export in the country. Atif Ikram Sheikh, president of FPCCI, has formed a high-profile think tank of the apex organisation, comprising the nation’s top economic minds, governance specialists, industrialists, entrepreneurs, investors and exporters. The organisation will be called FPCCI’s Think Ta... |
Pakistan hopes to resume cement and other trade with India01 April 2024, Published under Cement NewsTwo federal ministers of Pakistan, Foreign Minister, Ishaq Dar, and Minister for Maritime Affairs, Qaiser Ahmed Sheikh, have shown intention to resume trade with India, which has been halted since August 2019 following India’s revocation of the special status for Jammu and Kashmir. Both ministers viewed that business people wanted the resumption of trade, but this required further talks and approval by the country's government and parliament. In addition, exporting cement from Pakistan via ... |