Weekly Cement News from Pakistan

We are starting new weekly newsletter covering important updates of cement sector in Pakistan and around Globe.


**********************************************************



Increasing Coal prices affecting cement industry.

Rising cost and sinking volume of coal affect the cement industry in Pakistan. Coal which constituite major portion of cement production cost plays a vital role in profitability of cement manufacturers.



Ethiopia: Pakistani’s firm presents lowest bid for Habesha Cement.

Five companies bidding for Ethiopian Habesha Cement building contract; Pakistan based firm stand-out to win project management with lowest bid.



Pakistan cement freight subsidy policy widened

Court orders inclusion of cement factories in Pakistan’s south for the subsidy grants.



UAE: More exports answer to cement surplus

Post-oil boom, UAE to increase cement exports, the cement producers in UAE are manufacturing more than the local demand. Therefore UAE cement manufacturers are looking for new export markets. This has happend after a sharp decline in construction activities in UAE.



DG Khan Cement swings to net loss on higher tax payments.

One of major cement producer DG Khan Company has reported net loss due to higher annualized taxes. Increased coal price, low local despatched and low export also held responsible for reduced profitability.



Lucky Cement to sell electricity to KESC.

Lucky Cement, the biggest exporter of cement has signed supply agreement which expected to help ease power shortage in Karachi.





Construction slowdown affects cement producer\'s earnings.

The Weak construction sector of Pakistan has affected the profit of cement manufacturers in Pakistan.