Cement News tagged under: pakistan
Pakistan exports rise in November21 December 2018, Published under Cement NewsPakistan's cement industry received foreign exchange revenue of US$26.77m by exporting 635,192t of cement during November 2018, compared to US$26.74m and 616,648t in the previous month. This shows minor MoM growth of 0.1 per cent and three per cent in terms of value and quantity, respectively, according to the Federal Bureau of Statistics. However, if compared to November 2017, it translates to an increase of 48.4 per cent in earnings of foreign currency and 74.8 per cent YoY in quantity. ... |
Pakistan’s gateway to expansion17 December 2018, Published under Cement NewsWith a newly-elected President, strong housing demand and infrastructure investment flowing in from China, Pakistan is at the gateway to a new beginning. The cement sector is thriving, rapidly adding new capacity and enjoying stellar demand growth. However, the continuing pace of investment could risk oversupply if demand expectations are not met. Anticipating considerable growth in demand thanks to housing programmes and large-scale infrastructure projects, the Pakistani cement in... |
Pakistan's cement industry braces itself for challenges ahead13 December 2018, Published under Cement NewsPakistan's cement industry will face challenges in the remaining six months of current financial year 2018-19 due to various pressing factors. Industry experts are of opinion that declining trends in cement demand, capacity expansion, cut in Public Sector Development Programme (PSDP), slowdown in private construction and price war may adversely impact cement industry performance from January 2019 onward. According to a report of Taurus Security Ltd, the cement sector in Pakistan faces ... |
Fauji Cement Company appoints directors13 December 2018, Published under Cement NewsFauji Cement Company Ltd (FCCL) has informed Pakistan Stock Exchange (PSX) that it has appointed a new Chairman, Chief Executive Officer/Managing Director and Directors during 10th Extra Ordinary General Meeting on 29th November 2018. The new board now consists of the following directors with effect from 13 December 2018. Lt Gen Syed Tariq Nadeem Gilani, HI(M), (Retd) Chairman Lt Gen Muhammad Ahsan Mahmood, HI(M), (Retd) CEO/MD Dr Nadeem Inayat Non Executive Director Maj Gen Tahi... |
Construction ban on high-rise buildings withdrawn12 December 2018, Published under Cement NewsThe Supreme Court of Pakistan has withdrawn its order banning high-rise constructions beyond six floors in the metropolis. A three-judge bench headed by Chief Justice of Pakistan (CJ), Justice Mian Saqib Nisar, heard a petition filed by the Association of Builders and Developers (ABD) against the ban on high-rise constructions at the SC's Karachi Registry. Earlier, ABAD repeatedly have drawn the attention of President of Pakistan, Dr Arifur Rehman Alvi; the Chief Justice of Pakistan, Mian S... |
Karachi builders seek removal of high rise building ban10 December 2018, Published under Cement NewsThe Association of Builders and Developers of Pakistan (ABAD) once again called for the removal of ban on the construction of high rise buildings in Karachi city, Sindh province. The Supreme Court (SC) ruled recently that the ban imposed on construction of high-rise buildings in specific residential and commercial localities will remain in force in the metropolis. The SC banned construction of high-rise buildings in the urban centres citing water shortage. ABAD has appealed to the Pres... |
Pakistan's cement production falls in July-September FY18/1907 December 2018, Published under Cement NewsPakistan's cement industry recorded a negative growth of 1.41 per cent during first three months of FY18-19, ended 30 September 2018, as production fell from 9.332Mt of cement to 9.2Mt, apparently due to lack of local demand and other issues, reports Pakistan Federal Bureau of Statistics (FBS). However, in September 2018 alone, cement production increased by 10.7 per cent to 3.144Mt from 2.84Mt in September 2017. According to the All Pakistan Cement Manufacturers Association (APCMA), i... |
APCMA reports Pakistan cement dispatch rise for 5MFY2018-1905 December 2018, Published under Cement NewsAccording to All Pakistan Cement Manufacturer Association (APCMA), total dispatches from Pakistan's cement mills in the first five months of this fiscal July-Nov 2018 stood at 19.253Mt against dispatches of 18.513Mt achieved during the corresponding period of last financial year. This represents a four per cent YoY growth. Of this total, the domestic dispatches during July-November 2018 stood at 16.283Mt compared with dispatches of 16.434Mt recorded in July-November 2017. The net decline i... |
Fauji Cement of Pakistan to build new cement plant30 November 2018, Published under Cement NewsAt the 10th Extraordinary General Meeting of Fauji Cement Co (FCCL)'s Board of Directors, held on 29 November, the company secretary was authorised and empowered for the execution of a new cement plant in Pakistan. FCCL also elected executive, non-executive and independent directors for a term of three years commencing from 13 December 2018 to 12 December 2021. First-quarter FY18-19 results During first quarter of FY18-19, FCCL earned a net profit of PKR801m (US$5.97m) as compared to... |
DG Khan Cement of Pakistan plans WHR plants in Punjab28 November 2018, Published under Cement NewsA new waste heat recovery (WHR) plant is being planned by DG Khan Cement to reduce water consumption at its 2.11Mta Chakwal plant in Punjab, according to a report of Intermarket Securities Ltd. T he new plant would include improved technology that requires only marginal water consumption. This would avoid the technical and financial challenges of sourcing water, said the company's management. The step follows a PKR100m (US$0.74m) fine imposed by the Supreme Court of Pakistan on ... |