Displaying items by tag: Pakistan
Attock Cement commissions grinding plant in Iraq
17 April 2019Iraq: Pakistan’s Attock Cement has commissioned its new grinding plant in Basra. Civil, mechanical and electrical construction work on the unit was finished in January 2019.
Attock Cement’s nine month profit down
12 April 2019Pakistan: Attock Cement’s profit fell by 25% year-on-year to US$9.7m in the nine months of the end of March 2019 from US$12.9m in the same period to March 2018. Its revenue rose by 36% to US$114m from US$83.7m.
Pakistan: Cement despatches fell by 9% year-on-year to 34.6Mt in the nine months to the end of March 2019 from 34.8Mt in the same period to March 2018. Data from the All Pakistan Cement Manufacturers Association (APCMA) shows that despatches and exports fell in both the north of the country but that despatches fell and exports rose in the south. Exports more than doubled in the south to 3.14Mt. This was due to a reported start in seabourne clinker sales in the 2018 – 2019 year. Otherwise, overall cement exports to Afghanistan and India declined.
Afghanistan/Pakistan: The share of exports of cement from Pakistan to Afghanistan fell to 24% in the first eight months of the current 2019 Pakistan financial year compared to 48% in the 2018 period. The Cement Manufacturers And Export Association has blamed this on Afghanistan opening its market to imports from other countries including Iran, according to the Frontier Star newspaper. It has urged the government to take measures to cut local production costs and force anti-dumping tariffs on Iranian cement imports.
The association said that the cement industry in Punjab and Khyber Pakhtunkhwa has been most affected by the decline in exports to Afghanistan. Exports from these regions fell by 16% year-on-year in the first nine months of the current Pakistan financial year to February 2019.
Two workers die at DG Cement’s Khairpur plant
29 March 2019Pakistan: Two workers have died at DG Cement’s Khairpur plant. They were both killed by ammonia gas poisoning after falling into a sewer at the site, according to the Dawn newspaper. The investigation continues.
Belaz supplies dump truck to Cherat Cement
27 March 2019Pakistan: Belorussian company Belaz has sold a dump truck to Pakistan for the first time. The 45t vehicle will be used to transport of gypsum and clay to a plant owned by Cherat Cement, according to the Dawn newspaper. It has been supplied via the distribution company Greaves. The cement producer plans to buy up to 15 such vehicles in the current year.
Pakistan’s export picture mixed to February 2019
26 March 2019Pakistan: The All Pakistan Cement Manufacturers Association (APCMA) has reported that cement exports during first eight months of the current Pakistani fiscal year, from 1 July 2018, saw growth of 52.3% year-on-year compared to the same period of the prior fiscal year. Exports were 4.65Mt compared to 3.05Mt.
In February 2019 exports were up by 69.1% year-on-year at 0.51Mt. The southern part of the country, particularly the Sindh region, fared considerably better than the national picture, as cement exports from the region increased by 185% to 0.35Mt in February 2019. Local consumption in the region was also higher, albeit less dramatically, with sales of 0.67Mt as compared to 0.61Mt a year earlier. However, plants in the north continued to suffer, with exports falling by 16% to 1.86Mt over the eight-month period from 2.21Mt a year earlier. In February 2019 exports from the north declined by 8.7% to 0.17Mt
Among other factors, the export of cement to India has been suspended due to a 200% increase in the import duty, as the Indian government had announced to de-list Pakistan from the status of ‘Most-Favoured Nation.’ The APCMA also said that rain in almost all parts of Pakistan had also affected construction activities.
Flying Cement orders mill from FLSmidth
25 March 2019Pakistan: Flying Cement has ordered a 71-6 OK model cement mill from Denmark’s FLSmidth for its new 7700t/day production line at its Mangwal plant. The mill will be designed to grind Ordinary Portland Cement (OPC) at a capacity of 415t/hr. Commissioning is expected in 2020, and the mill will be supplied together with an FLSmidth ILC Preheater System, 2-Base Kiln, Cross-Bar Cooler, ROKSH 119 Separator, MAAG WPV-5000 Gear, Heat Exchanger and three filters. No price for the order has been disclosed.
DG Khan Cement’s reports mixed half-year
28 February 2019Pakistan: DG Khan Cement’s sales rose by 26% year-on-year to US$154m in the six months to 31 December 2018 from US$122m in the same period in 2017. Its net profit more than halved to US$12m from US$24.8m. However, its net profit fell by 7% to US$10.9m from US$11.8m.
Kohat Cement’s sales grow in half-year
28 February 2019Pakistan: Kohat Cement’s net sales grew by 22% year-on-year to US$60m in the six months to 31 December 2018 from US$49.1m in the same period in 2017. Its cement production rose by 16% to 1.99Mt from 1.71Mt. The cement producer said that work on a new 7800t/day production line was on schedule with all of the equipment delivered on site.