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News Reduced exports and higher input costs cut Gharibwal Cement’s sales

Reduced exports and higher input costs cut Gharibwal Cement’s sales

Written by Global Cement staff 08 October 2019
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Pakistan: Gharibwal Cement has blamed reduced exports due to tensions on the Pakistan-Indian border and rising input costs for a reduction in its sales. Its net sales fell by 3% year-on-year to US$72.3m in the year to 30 June 2019 from US$74.5m in the same period in 2018. Its cement dispatches fell by 11.4% to 1.68Mt from 1.89Mt. Its earnings before interest, taxation, depreciation and amortisation (EBITDA) dropped by 6.5% to US$18.7m from US$20m.

The cement producer said that work on a new 0.15Mt clinker silo is in progress and this is expected to be completed by June 2020. It is also building a rainwater reservoir to capture precipitation for use in the production process. The company operates a 2.1Mt/yr integrated plant at Ismailwal in Punjab Province.

Published in Global Cement News
Tagged under
  • Pakistan
  • Gharibwal Cement
  • Results
  • Plant
  • Upgrade
  • Silo
  • GCW426
  • India
  • Export

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