Cement News tagged under: Pakistan
Exports from southern Pakistan remain strong09 April 2019, Published under Cement NewsTotal cement sales in Pakistan declined by seven per cent YoY to 4.3Mt in March 2019 and six per cent YoY to 29.3Mt in 9MFY19. However, exports from the southern region continued to be strong. Total exports rose by 23 per cent YoY to 0.5Mt in March 2019. Exports from the northern region fell by 40 per cent as shipments to India have been halted following escalation tensions on the border. Exports in 9MFY19 rose 49 per cent YoY to 5.1Mt, mainly due to a ramp up of exports from southern pl... |
9MFY18-19 APCMA data depicts gloomy results in northern Pakistan05 April 2019, Published under Cement NewsPakistan's cement industry showed poor performance during the first nine months of current financial year July 2018-March 2019. All Pakistan Cement Manufacturers Association (APCMA) pictured a gloomy situation in its monthly report, stating that cement sector with its huge underused capacities continued to face a lack of domestic demand due to slowing growth, lower development spending and delays in the launch of the government’s ambitious low-cost housing scheme. While cement consumption ... |
Northern Pakistan cement prices rise04 April 2019, Published under Cement NewsPakistan cement manufacturers have reportedly increased the prices PKR10-15/bag (US$0.07-0.1) of cement in the northern region (Punjab and Khyber Pakhtunkhwa ) of the country. The hike in cement prices will be effective immediately, according to a report by a local research house. Reasoning the hike, the analyst stated that the price change is courtesy of supply-side management amid continued demand-side pressure and inter-regional trade. Ceemnt prices in the north witnessed a sharp drop ... |
A review of 9MFY19 performance of Pakistan’s cement industry02 April 2019, Published under Cement NewsIGI Securities has reviewed the performance of Pakistan's cement industry for the first nine months of FY18-19 (July 2018-March 2019). Provisional numbers show that cement dispatches for March 2019 declined by 12 per cent YoY to 4.11Mt. On a cumulative basis, this brings 9MFY18-19 total dispatches to 34.19Mt as against 34.76Mt, recorded in the same period last year, marking a fall of two per cent YoY. While local sales from southern Pakistan have grown by over 15 per cent during the nine-m... |
State Bank of Pakistan reviews performance of cement in 1H1926 March 2019, Published under Cement NewsThe State Bank of Pakistan has released its second quarterly report on The State of Pakistan’s Economy for FY19. As stated by the report, the effects of macroeconomic stabilisation measures, taken since December 2017, started to unfold as the economy moved into the second quarter of FY19. The report covered the performance of cement in terms of local and export sales. In line with other construction-allied industries, cement production declined by 1.6 per cent in 1H-FY19, compared to an e... |
The road to global leadership25 March 2019, Published under Cement NewsWith China’s One Belt, One Road initiative increasing momentum, demand for cement is set to rise. ICR speaks with Romain de Laubier and Arne Burfeind of Boston Consulting Group (BCG) to gauge the impact on the global cement industry and its drive to expand its production capacity. Romain de Laubier – partner and managing director at Boston Consulting Group, Paris & Tokyo ICR: How would you define China’s One Belt, One Road (OBOR) initiative, which is visibly gaining momentum? W... |
Flying Cement to install OK™ mill on new 7700tpd line25 March 2019, Published under Cement NewsFlying Cement Company has placed a major order with FLSmidth for its new 7700tpd production line in Mangwal, Pakistan. FLSmidth will supply a new OK™ 71-6 cement mill, which will be designed to grind OPC cement at a capacity of 415tph. Commissioning is expected in 2020, and the mill will be supplied together with an FLSmidth ILC preheater system, two-Base Kiln, Cross-Bar ® cooler, ROKSH 119 Separator, MAAG ® WPV-5000 gear unit, heat exchanger and three filters. |
DG Khan to invest in hotel business20 March 2019, Published under Cement NewsDG Khan Cement has informed Pakistan Stock Exchange(PSX) that an extra ordinary general meeting of board of directors is scheduled to be held on 17 April to transact some special business pertain to invest in Nishat Hotels and Properties Ltd. According to a bourse filing of the company, to consider and if deem fit, the company be and is hereby authorised to further invest upto PKR200m (US$1.43m) from time to time in Nishat Hotel. The company top officials are being empowered in this regard. |
Exports of cement from Pakistan continue to swell in 8MFY1919 March 2019, Published under Cement NewsPakistan Bureau of Statistics (PBS) data shows that the country's cement export value and volume rose during first eight months of the current FY18-19, despite dwindling exports of cement to Afghanistan and India. Pakistan's cement industry received foreign exchange revenues of US$205.86m by exporting 4.83Mt of cement/clinker during the eight months of July 2018-February 2019, compared to US$149.71m at 2.98Mt in the same period last year, according to the PBS. This translates a YoY growth ... |
Pakistan's cement and construction FDI falls18 March 2019, Published under Cement NewsAccording to State Bank of Pakistan (SBP), total foreign direct investment (FDI) into country during July 2018-February 2019 fell by 22.6 per cent compared to same period last year. The SBP data shows that the country received investments worth US$1.61bn during the first eight months of current fiscal year, down 23 per cent from US$2.09bn in the same period last year. FDI in cement and construction sectors have also been impacted. Out of the country's total FDI, Pakistan's construction i... |