Displaying items by tag: Pakistan

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.

Pakistan: Cement exports almost doubled in the first two months of the 2026 financial year compared with the same period in the 2025 financial year, according to provisional trade data from the Trade Development Authority of Pakistan (TDAP).

Exports of cement were valued at US$73m in July - August 2025, up by 98% year-on-year from US$37m in July - August 2024. In August 2025 alone, cement exports reached US$38m, compared with US$22m in 2024, reflecting an increase of about 70% year-on-year.

Pakistan: Lucky Cement commissioned 28.8MW of wind power at its south Karachi plant in the second quarter of the 2025 financial year, bringing its total renewable energy portfolio to 160MW. This includes 74MW of solar and 56MW of waste heat recovery (WHR).

The company said renewable sources now cover more than 55% of its cement operations’ electricity demand, with the remaining 45% supplied by the national grid.

Lucky Cement also reported that cement dispatches rose by 8% year-on-year in the 2025 financial year, driven largely by stronger exports. The company said that it has retained its position as Pakistan’s largest cement exporter, with African markets accounting for the bulk of volumes.

Pakistan: Thatta Cement has approved the issuance of a US$19.5m Sukuk, a type of financial bond that complies with Sharia law, to finance the expansion of its production capacity or to acquire an operational company.

In a notice to the Pakistan Stock Exchange, the company said that the Sukuk includes a green shoe option of US$1.8m. The funds, along with internally generated resources, will be used to expand existing production capacity or acquire an operational company.

Thatta Cement said the initiative is designed to accelerate growth, diversify revenue streams, strengthen its competitive position and generate sustainable returns for shareholders.