Displaying items by tag: Pakistan

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.

Pakistan: Cement despatches, including exports, reached 3.85Mt in August 2025, a 12% year-on-year increase from 3.42Mt in August 2024, according to the All Pakistan Cement Manufacturers Association (APCMA). Local despatches grew by 10% to 3.10Mt from 28Mt, while exports rose by 22% to 0.75Mt from 0.6Mt previously.

In the first two months of the 2025–26 financial year, total despatches rose by 21% to 7.85Mt from 6.49Mt a year earlier. Domestic despatches grew by 14% to 6.09Mt, while exports climbed by 51% to 1.76Mt.

The APCMA noted that August growth was slower than in July 2025, when domestic despatches rose by 19% and exports rose by 84% year-on-year.

Pakistan: Kot Addu Power Company (KAPCO) and Fauji Foundation have submitted a binding offer to acquire Pharaon Investment Group’s entire 84% stake in Attock Cement, according to Pakistan Today news. Each acquirer intends to purchase 42% of the company’s issued and paid-up capital.

KAPCO confirmed the development in a notice to the Pakistan Stock Exchange. The offer remains subject to acceptance by the seller, execution of a share purchase agreement, regulatory approvals and other conditions. The partners first declared their intention to jointly acquire control of Attock Cement in June 2025.

Pakistan: Fauji Cement posted a record net profit of US$46.8m for the 2025 financial year, up by 62% from US$28.8m in 2024. Annual revenues reached US$314m, an 11% year-on-year increase, supported by a 6% rise in despatch volumes. For the fourth quarter of the 2025 financial year, the company reported earnings of US$17.3m, reflecting a 232% year-on-year rise and an 83% quarter-on-quarter increase.

Pakistan: Cement despatches rose by 30% year-on-year to 3.99Mt in July 2025 from 3.07Mt in July 2024, according to data from the All Pakistan Cement Manufacturers Association (APCMA). Local sales grew by 18% to 2.98Mt during the period, while exports increased significantly, by 84%, to 1.01Mt from 0.54Mt previously.

An APCMA spokesperson said “The new fiscal year started on a positive note in spite of disturbing weather conditions in most parts of the country.” The APCMA expressed hope for continued momentum for the rest of 2025, supported by improved macroeconomic indicators.

Pakistan: Dewan Cement has commissioned a 6MW solar power system at its Dhabeji plant in Karachi, the company disclosed to the Pakistan Stock Exchange. The system now reportedly provides over 50% of the plant’s operational energy requirements. The company said that the investment in renewable energy would improve energy security and deliver cost savings amid rising fuel prices.