Fauji Cement Company Limited (FCCL) has informed Pakistan Stock Exchange (PSX) that consequent to construction activity picking up and significant spend on infrastructure, expected to continue, the Company’s board of directors has decided to invest in additional cement capacity in the Country.… Continue
Kohat Cement Company Ltd in Pakistan announced that Board of Directors of the Company in its meeting held today have approved, subject to all regulatory approvals, setting up of 7,800 ~ 10,000 tpd cement manufacturing plant (along with 8 ~ 10 MW Waste Heat Recovery and 25MW Coal-Fired Power Plants), in Khushab, Punjab.… Continue
Lucky Cement announced to enhance its cement production capacity at its Pezu Plant by 3.15 million tons per annum, to keep pace with the increasing demand in the domestic cement industry. The construction work on the project is expected to commence within current financial year and is expected to be completed in 1.5 to 2 years.… Continue
Pakistan cement industry ended fiscal 2017-18 on a jubilant note, posting yearly growth of 13.84%; with domestic consumption increasing by 15.42% and exports inching up by 1.77% – first time in nine years that exports registered growth. According to data released by All Pakistan Cement Manufacturers’ Association (APCMA), during the fiscal year 2017-2018, domestic consumption stood at 41.147 million tons, an increase of 15.42% from 35.651 million tons in 2016-2017.… Continue
Bullish trend in cement dispatches continued unabated in April 2018 and buoyancy in exports was an icing on the cake as exports increased for the second month by over 81 percent as sector posted highest capacity utilization. According to data released by All Pakistan Cement Manufacturers Association (APCMA), the industry dispatched 4.237 million tons of cement in April 2018 that was 17.46 percent higher than the dispatches of 3.576 million tons achieved during the corresponding month of last fiscal.… Continue
National Bank of Pakistan (NBP) bagged eight awards at the two prestigious CSR Summit and Award ceremonies, organized in Karachi and Islamabad respectively. Impressed by NBP’s vision and implementation of CSR activities, the two organizations; National Forum for Health and Environment (NFEH) and The Professionals Network (TPN) unanimously acknowledged NBP’s valuable contribution in diversified categories.… Continue
Domestic consumption of cement increased by a whopping 37.3 percent in January 2018 on year-on-year basis as the construction activities continued to lead the economy and employment of both skilled and unskilled workforce of the Pakistan. However, the dismal performance of exports remained the achilles’ heels of cement industry as the exports went down by 7.82 percent from 0.376 million tons in January 2017 to 0.347 million tons in January 2018.… Continue
Cement consumption continued to surge in October 2017 as the monthly despatches of the commodity reached a record high of 4.222 million tons, which is 19.71 percent higher than 3.526 million tons despatches in October 2016. The total despatches of cement in the country has reached 14.570 million tons in the first four months of 2017-18 that is 16.53 percent higher than the despatches of 12.503 million tons during the corresponding four months of last fiscal.… Continue
Uptake of cement in the domestic market accelerated to 10.90 percent in May 2017 while exports continue to mar the performance of the cement sector registering a decline of 44.58 percent in May 2017, the fourth massive decline in exports which declined by 45.69 percent in February, 60.39 percent in March and 50.75 percent in April.… Continue