Cement News tagged under: pakistan
DG Khan victim of fake news social media story15 December 2017, Published under Cement NewsDG Khan Cement Co Ltd asks for an investigation into fake news item that alleged it was selling company shares in a cement plant to Anhui Conch. The Pakistan cement producer informed Pakistan Stock Exchange (PSX) that a letter titled "material information" stating permission of due diligence to Anhui Conch Cement Co Ltd, China for acquiring 40 per cent shares of DG Khan Cement Co Ltd was a fabricated document circulated on social media/WhatsApp. DG Khan Cement has neither issued any ... |
Fauji Cement announce plans for greenfield project14 December 2017, Published under Cement NewsFauji Cement Company Ltd (FCCL) has announced plans to set up a greenfield project. The Pakistan-based company currently operates a 3.43Mta cement plant in Jhang Bahtar, Attock District. Fauji Cement achieved 85 per cent capacity utilisation in the first quarter of FY2017-18, an increase from 72 per cent recorded in the year-ago period. The company also reported a rise in local dispatches in the same period, to 642,166t from 556,710t of the corresponding quarter the previous year. Expor... |
Punjab government proposes ban on new cement plants in Potohar14 December 2017, Published under Cement NewsThe Punjab government has proposed to ban the establishment of new cement factories in the Potohar region of Pakistan, according to the Nation. This proposal has been attributed to the noticeable decline in groundwater levels alongside an increase in pollution. The Department of Industries, Commerce and Investment has supplied a summary to the Chief Minister’s Office, requesting the cement industry to be placed under Schedule ‘C’ of the location policy. This would protect certain areas... |
Cement plants in Pakistan reach 95% capacity utilisation12 December 2017, Published under Cement NewsCement plants in Pakistan reached 94.65 per cent capacity utilisation during the July-November period of 2017, according to The Nation. In November 2017 the country recorded a 9.89 per cent increase in domestic consumption. In the same month, mills in the northern region of Pakistan dispatched 2.9Mta locally which is a 10.2 per cent increase YoY. However, November 2017 also saw exports from the mills in the south of the country decrease by 45.4 per cent, to 0.07Mta from 0.13Mta. Similarl... |
Pakistan's dispatches reach 18.5Mt during 5MFY1807 December 2017, Published under Cement NewsInitial data from local research houses suggests that Pakistan cement manufacturers dispatched 18.5Mt during 5MFY18, taking cumulative capacity utilisation to 95 per cent during five months period from July to November 2017. According to local research house reports, cement dispatches in November 2017 alone are expected to surge by five per cent YoY to 3.94Mt. Cement mills situated in the northern part of the country dispatched 2.96Mt cement locally, which is 10.2 per cent higher than 2... |
Pakistani cement industry reaches 93% utilisation rate05 December 2017, Published under Cement NewsThe first four months of FY17-18 have seen robust growth in Pakistani cement demand and as a result, the cement industry’s capacity utilisation rate has risen to over 93 per cent, the highest in the last two decades, according to industry specialists. Cement demand in the North Zone remained high against expectations, reaching 3.148Mt in October and breaching for the first time the 3Mt mark. In October 2016, cement demand in the north reached 2.489Mt. In the Southern Zone, cement consumpt... |
Tajikistan and Pakistan discuss ways to improve trade relations01 December 2017, Published under Cement NewsRepresentatives from Tajikistan and Pakistan have discussed ways to improve trade relations for the mutual benefit of both countries, with the cement industry identified as a potential area of cooperation. Jononov Sherali, Ambassador of Tajikistan, said that the geographical locations of both countries offer as-yet untapped opportunities for working together, during a meeting with the Islamabad Chamber of Commerce and Industry. Mr Sherali also commented on how Pakistan could become on... |
India’s petcoke ban to benefit Pakistani cement industry01 December 2017, Published under Cement NewsThe recent ban on the use of petcoke in India’s National Capital Region (NCR) is expected to have beneficial impact on Pakistan’s cement industry. While it is predicted that fuel and power costs could rise as world coal prices rise due increased demand from India, the Pakistani cement industry expects to increase its exports to India due to a better competitive position. “The Pakistani cement industry could expect two major implications in the aftermath of the Supreme Court's decision... |
Kohat Cement receives credit for new 7800tpd line27 November 2017, Published under Cement NewsKohat Cement Co Ltd has informed Pakistan Stock Exchange Ltd that a letter of credit for setting up 7800tpd grey cement line has been established. On 6 June 2017 Kohat Cement Co had decided to set up a new 7800tpd cement production line at its existing Kohat plant in Punjab province, along with a waste heat recovery (WHR) power plant. The company currently has a capacity of 2.8Mta of grey cement and 150,000tpa of white cement. The company dispatched 2.08Mt (2016: 2.09Mt) of cement ... |
Pakistan sees 31% YoY rise in exports in October 201724 November 2017, Published under Cement NewsThe export revenue of the cement industry in Pakistan fell 18.57 per cent YoY throughout the July-October 2017 period, to PKR9.05bn (US$85.97m) from PKR11.12bn. The volume of cement exported also decreased by 16.6 per cent in the same period, to 1.7Mt from 2.03Mt of the year-ago period. Exports to Afghanistan recorded an increase of 15.41 per cent YoY to 885,967t. However, exports to India saw a drop of 22.9 per cent YoY to 377,761t for the four-month period. Likewise, cement exports to th... |