Pakistan Bureau of Statistics (PBS) has reported numbers of quantum index of the Large Scale Manufacturing (LSM) which posted a cumulative decline of 0.90 per cent YoY during 5MFY19, against the growth of 7.66 per cent YoY in 5MFY18. The cement production has also been affected during this period.
Pakistan’s cement industry recorded a contraction of 0.62 per cent during first five months of FY18-19, between July and November, 2018, as production fell from 16.669Mt of cement to 16.565Mt, apparently due to lack of local demand and other issues, reports PBS. During this period the government has slashed the development fund and construction of big housing schemes remain stagnant, due to court related matters.
However, in November, 2018 alone, cement production decreased by 10.03 per cent to 3.264Mt from 3.628Mt in November. 2017.
According to research house report, the heavyweight contributors – automobile, cement, steel and petroleum products – expected to take a hit in terms of economic slowdown. As increasing inflation and interest rates are hurting consumption of different products including cement.
Published under Cement News
Jan 21 2019
Attock Cement Pakistan Limited (ACPL) on Monday announced that its project in Iraq is ready for commissioning and the company will start production very soon.
According to information sent to Pakistan Stock Exchange (PSX), the company said that the entire civil, mechanical and electrical jobs on Iraq Project had been completed and cement grinding unit was now at commissioning stage.
“The company is in the process of obtaining permission for the import of clinker,” it said. As soon as the permission is granted, the company would start the process of import of clinker and thereafter start the trial production.
The Economic Coordination Committee of the Cabinet (ECC) in March 2015 allowed ACPL to remit $24 million for the establishment of a cement grinding unit in Basra, Iraq on account of equity investment, starting from March 2015 onwards.
Jan 17 2019
Arabian Cement Company has signed an agreement with Solariz Egypt for the setting up of a solar photovoltaic (PV) energy plant at its plant in Suez Governorate.
Funded by Qatar National Bank Al Ahli, the solar plant will be the first in Egypt to power a #cement plant. The construction of the project is expected to commence in the second quarter of 2019,
Arabian Cement’s CEO Sergio Alcantarilla said. The projected solar plant will be located on up to 96,000 square metres.
Solariz Egypt is a certified company that has been financing, designing, installing and commissioning PV solar power plants across Egypt since 2013. The project, to be implemented on a Build Own Operate Transfer (BOOT) model, is being financed by QNB AlAhli under the EBRD-Green Economy Program.
As per the deal, SolarizEgypt will be responsible for the construction and operation of the unit for the period of 25 years, stated Sergio Alcantarilla, the chief executive of ACC after signing the agreement with Yaseen Abdel Ghaffar, the founder and managing director of SolarizEgypt. $5.56 million, the solar energy unit is expected to generate over 14 GW hours year; producing up to 4% of the total power supply of ACC’s plant for 25 years
– EAPC says may sell non-core assets to boost capital – Lafarge already owns 41.7% of EAPC
Jan 21, 2019
East African Portland Cement Co. denied reports it was in early-stage talks with Lafarge
SA about a possible acquisition. “It has never featured in any board discussions,” the company’s head of financial management, Stephen Nthei, said by phone. “I don’t think it’s a considerable move given the current shareholding structure.”
The Kenyan Wall Street, a Nairobi-based financial news website, reported LafargeHolcim was in nascent discussions to acquire EAPC that’s facing cash flow difficulties. EAPC’s board has been considering selling off non-core assets like land to inject fresh capital,
he said. “The company has a strong balance sheet, but an ailing cash flow,” Nthei said. Lafarge holds a 41.7% stake in Portland through 3 units; Bamburi Cement Co. Associated International Cement Ltd. and Cementia Holding, according to its 2018 annual report.
Lafarge’s representative on Portland’s board, Kung’u Gatabaki, said he is not aware of such talks. “Such discussions would be with the shareholders and not the company,” he said by phone.
Line 4 Cement Plant 7800tpd
Line 4 WHR-PP will be start very soon.
Maple leaf Cement:
New Line Cement Plant 7700 tpd FLSmidth
Lucky Cement Pezu:
New Line 5 Cement Plant 5000 tpd
New Line 3 Cement plant 7700 tpd FLSmidth
12.5MW Solar power plant is in initial stage.