Pakistan cement producer and exporter – Power Cement Ltd has dispatched its first shipment to the USA. This shipment follows the start of exports to Europe.

On 27 December 2023, Power Cement marked a significant milestone by successfully entering the European market by exporting cement to the UK. This milestone marked the company’s commitment to global expansion and positioned it as a formidable force in the international construction materials arena, notably as the first Pakistani cement exporter to enter the UK market.

According to Power Cement’s 1HFY23-24 report, the company sold 1.389Mt of cement, up from 1.082Mt in the comparative period last year. Its sales revenue stood at PKR16.84bn (US$60.61m), representing an increase of 33 per cent compared to the previous year’s period.

Gross profit for the 1HFY23-24 surged to PKR3.95bn, indicating a growth of around 43 per cent compared to the 1HFY22-23.