Displaying items by tag: Pakistan

Pakistan: Pioneer Cement has appointed Ch Tasneem Anwar as Deputy General Manager (Production). He has worked in production roles at the cement producer since 2017. Prior to this was the Section Head (Production) at City Cement in Saudi Arabia. He launched his career working for Pioneer Cement in 2006. Anwar holds a bachelor’s degree in chemical engineering from the University of Engineering and Technology in Lahore.

Pakistan: Local cement despatches rose by 15% year-on-year to 3.93Mt in October 2025, up from 3.41Mt in October 2024, according to the All Pakistan Cement Manufacturers Association (APCMA). Exports fell by 23% from 1.1Mt to 0.83Mt, bringing total despatches to 4.75Mt, an increase of 6% year-on-year. In the first four months of the 2026 financial year, total despatches reached 17.3Mt, up by 15% from 15Mt a year earlier. Domestic sales rose by 18% to 13.9Mt, while exports increased by 6% year-on-year from 3.22Mt to 3.42Mt.

An APCMA spokesman said “The decline in exports over the past two months is a matter of concern. If this trend continues, it may dent our hopes of a full cement sector revival.”

Pakistan: The Competition Commission of Pakistan (CCP) has approved the acquisition of Denmark-based FLSmidth’s global cement business by Pacific Avenue Capital Partners Management Company subsidiary ApS as it affects the Pakistani market. Local press has reported that the parties concluded a global share purchase agreement earlier in 2025.

FLSmidth subsidiary FLSmidth (Private) holds a non-dominant share across various cement technologies and services market sub-segments in Pakistan, while ApS has no current operational presence. The CCP’s Phase 1 investigation concluded that the transaction does not result in horizontal or vertical overlaps, raise competition concerns, create entry barriers or enhance the market power of FLSmidth (Private).

Pakistan: Flying Cement reported a profit after tax of US$2.27m for the year ending 30 June 2025, a sharp rise from US$0.18m in the 2024 financial year. Net sales more than doubled to US$39.8m, supported by strong volume growth and favourable market conditions. Gross profit increased to US$6m, while operating profit rose to US$4.2m from US$0.65m the previous year.

Pakistan: Cement despatches, including both domestic despatches and exports, rose by 16% year-on-year to 12.2Mt in the first quarter of the 2026 financial year, up from 10.5Mt in the same period in 2024, according to data from the All Pakistan Cement Manufacturers Association (APCMA). Domestic sales grew by 15% to 9.57Mt, compared to 8.32Mt in 2024, while exports jumped by 21% to 2.59Mt, up from 2.14Mt.

On a monthly basis, dispatches surged by 31% in July and 13.5% in August 2025, before moderating to 7% growth in September 2025, when volumes reached 4.25Mt compared with 3.97Mt a year earlier. In September 2025, local sales rose by 14% to 3.42Mt, up from 2.99Mt in September 2024, while exports dropped by 15% to 0.83Mt, against 0.98Mt a year earlier.

Pakistan: Flying Cement says that its CEO Agha Humayun Khan died on 22 September 2025. Khan had been in post since 2006. It described him as a “distinguished leader” and said that “his contribution to Flying Cement Company was significant.” He was reappointed as CEO for three months in May 2025. The cement company has started proceedings to appoint his successor.

Pakistan: Listed cement producers closed the 2025 financial year (ending 30 June 2025) with their best results in several years, posting a combined after-tax profit of US$593m. This was an increase of 38% from US$431m in the 2024 financial year. Revenue for the sector rose by 7% to US$3.1bn, supported by stronger retention prices, cheaper coal and greater reliance on efficient power sources, which lifted gross margins to 31%. Cement dispatches increased by 2% to 37.4Mt for the year, reflecting a modest rebound in volumes alongside firmer pricing. In the fourth quarter of the 2025 financial year, sales grew 5% year-on-year, with dispatches up 4% to 9.3Mt.

Pakistan: Burj Clean Energy Modaraba (BCEM) and Power Cement (PCL) have signed a ‘green’ captive power transaction, a US$5.3m project to establish a 7.5MW wind captive power plant.

The deal is backed by a finance facility arranged by The Bank of Punjab, with participation from the National Bank of Pakistan and Pak Kuwait Investment Company. Power Cement said the initiative will allow it to generate clean and reliable electricity on-site, reducing reliance on fossil fuels and supporting Pakistan’s wider clean energy goals.

Pakistan: Cement sales in September 2025 are projected to reach 3.9Mt, reflecting a 1% year-on-year decline but a 2% increase compared to August 2025, according to Pakistan Business News. Local cement shipments are expected to grow by 3% year-on-year to 3.08Mt, despite a 1% month-on-month fall. Analysts attributed the decline to ongoing flood impacts, though sales rebounded in the third week of September 2025.

Cement exports are forecast to fall by 15% year-on-year but rise by 11% month-on-month, with flood-related disruptions continuing to weigh on annual comparisons. For the first quarter of the 2026 financial year, total cement sales are projected to rise by 12% year-on-year, supported by a 10% increase in domestic sales and a 21% rise in exports. Capacity utilisation in September 2025 is estimated at 55%, the same as the same month in 2024 but slightly below the 56% recorded in 2023. Analysts continue to forecast 8% year-on-year growth in local shipments, underpinned by increased construction activity and a more relaxed monetary policy.

Pakistan: The Punjab government has approved the construction of a new Gharibwal Cement plant in Chakwal. The Punjab Finance Minister Mujtaba Shuja-ur-Rehman described the approval of a new cement plant in Chakwal as a milestone for industrial growth that would support the construction sector and stabilise the local economy.