Displaying items by tag: Pakistan
Pakistan: Fecto Cement has appealed to the Islamabad High Court to allow it to continue mining in the Margalla Hills. In August 2016 it had its mining lease cancelled by the Capital Development Authority (CDA) and a fine was issued. This followed an order by the Supreme Court in March 2015 to stop all development and stone crushing activities, according to the Dawn newspaper. In 2013 the Islamabad Capital Territory issued a mining lease that allowed Fecto Cement to carry out stone crushing activities in the area until 2030.
Pakistan: Maple Leaf Power has submitted an application to National Electric Power Regulator Authority (NEPRA) for a power generation license for a 40MW coal-based thermal power plant. The plant will be used to supply power to the Maple Leaf Cement plant at Mianwali in Iskanderabad, according to the Associated Press of Pakistan. The project will cost US$52.5m and it expected to start operation in December 2017.
India: Bharatiya Janata Party (BJP) leader and Rajya Sabha MP Subramanian Swamy has urged Prime Minister Narendra Modi to ban imports of cement from Pakistan in the interest of domestic industry and national security. He said that imports of cement without levy of customs duty were introduced in 2007 to augment supply in view of high demand, according to the Press Trust of India. However, he added that the situation has since changed, with the local industry now facing capacity utilisation of below 70%.
"I request you to ban import of cement into the country not only in the interest of growth and sustenance of domestic cement industry but also in keeping with the imperatives of national security. Ban of import from Pakistan will be in the interest of the country's security in the present juncture," Swamy said in a letter to Modi. He added that imports from Pakistan also carried the risk of smuggling of contraband materials like drugs and weapons.
Democratic Republic of Congo: Pakistan’s Lucky Cement is set to open its US$270m Nyumba Ya Akiba cement plant in Bas-Congo later in October 2016. The 1.2Mt/yr plant will be operated with Groupe Rawji, a local company, under the name CIMKO. It is financed by the African Development Bank, the International Finance Corporation, EKF and by Habib Bank among others, according to Bloomberg.
“We will take care of everything that can hinder your production, unfair competition, fraudulent imports, we will take care of that,” said Prime Minister Matata Ponyo Mapon to CIMKO executives in a show of support for the project at a recent meeting.
Pakistan: The Competition Commission of Pakistan (CCP) has fined four cement producers for deceptive marketing practices in violation of the Competition Act 2010. Fines of US$1.8m each have been levied on Al-Abbas Cement, Attock Cement, Bestway Cement and Lucky Cement.
A CCP official said that the commission is mandated under the Competition Act 2010 to ensure fair competition in all spheres of commercial and economic activities. The Competition Commission of Pakistan is committed to maintain transparency for enhancing economic efficiency and to protect consumers from anticompetitive practices, including deceptive marketing.
Pakistan: Total cement despatches in Pakistand during the first two months of the current fiscal year clocked up at 4.9Mt, a 14% increase from 4.3Mt recorded in same period of 2015-16. However, according to data released by the All Pakistan Cement Manufacturers Association (APCMA), overall export despatches have decreased: Exports in July-August were down almost 1% on a year-on-year basis to 1.022Mt. Overall domestic sales in August rose 21% to 3.02Mt from 2.5Mt in August 2015. Cement sales in the north zone were 2.495Mt in August, up 22.6% from a year ago. In the south zone sales recorded an increase of 13.2% at 0.532Mt from the same month of 2015.
Exports to Afghanistan dropped 12% to 346,928t in July-August on an annual basis, APCMA data shows. Exports by sea suffered even more. As opposed to 537,120t exported during the first two months of the preceding fiscal year, exports by sea in July-August 2016 were 407,120t, showing 24% decline on an annual basis.
However, increased exports to India made up for these shortfalls to some extent. Exports to India during the first two months of the current fiscal year grew 167% year on year to 268,230t.
A spokesman for the APCMA said the industry has been doubling its production capacity every seven to eight years. The buoyancy in the sector on the back of healthy domestic consumption during the last 20 months has encouraged the industry players to go for further capacity expansion. He said growth in the sector during the first two months of the fiscal year was in spite of Eid holidays. Growth of domestic consumption in August was also 'impressive,' as consistent rains failed to hurt construction activities, he added. He said upcoming projects along the China-Pakistan Economic Corridor (CPEC) will further boost cement consumption.
The industry has yet to realise its export potential due to the lack of support from the government. The loss of the Afghanistan market is a matter of concern for the industry, which has been marginalised there because of subsidised Iranian exports.
Pakistan: Lucky Cement Limited has received the 13th Annual Environment Excellence Award 2016. The awards ceremony took place on the occasion of a conference titled 'Making our cities sustainable' organised by The National Forum for Environment and Health. Provincial ministers, the Secretary of the Environment, representative of United Nations and other notables were also present on the occasion.
Pakistan: The Capital Development Authority (CDA) has cancelled the mining lease for Fescto Cement and issued a fine against it of US$4m for illegally operating in the Margalla Hills National Park near Islamabad. The CDA has also requested that the local explosives inspector ask the cement producer to remove explosives dumped in the park area and it has asked police to take action.
A report by the CDA says that the cement producer’s 30 year lease was extended for another 18 years by the director of the Industries and Mineral Development department of the Islamabad Capital Territory in June 2012. However, a forestry director raised objections to the extension.
Pakistan: Lucky Cement has decided to spend US$190m towards building a new 2.3Mt/yr cement plant at Chakwal in Punjab province. The cement producer is currently working with the provincial government to acquire land for the project and it is finalising a contract for the equipment supplier. It is expected that the plant will be commissioned by the end of 2018. It will be Lucky Cement’s third cement plant in Pakistan, according to the Daily Times newspaper.
Pakistan: The Environmental Protection Agency (EPA) has issued directives to the Hazara and Kohat administrations to stop production at two cement plants in breach of EPA regulations on dust pollution. Muhammad Bashir Khan, the director general of the EPA, has issued directives to shut down the Dewan Hattar Cement plant in Hattar and the Kohat Cement plant, according to the News International newspaper. Khan said that the Dewan Hattar plant had requested an eight-month period to install dust control measures but had failed to do so. The Kohat plant’s dust control unit is currently out of order.