Search on
News Title
News Details
Reports/Directory
Glossary
Title_head
Pakistan cement dispatches for Oct declined by 6pct
269 times viewed.
Wednesday, 07 Nov 2012
EmailButton
Pdf_button

The News reported that cement dispatches for October declined by 5.87% mainly due to a drastic decline of 20.59% in cement exports while local dispatches show a marginal growth of 0.19%.

Revealing the data for the month of October, a spokesman for the All Pakistan Cement Manufacturers Association said that cement industry dispatched 2.767 million tonnes of cement in October that was 5.87% less than the dispatches achieved in the corresponding month of 2011 ie 2.939 million tonnes.

He said that the local cement dispatches was 2.086 million tonnes up by 0.19% as compared to 2.082 million tonnes cement dispatched in October 2011. In the first 4 months of this fiscal year total cement dispatches stood at 10.474 million tonnes which is slightly higher than total dispatches of 10.436 million tonnes achieved during the corresponding period last year.

The overall gain in dispatches is only 0.37%.The capacity utilization of the industry during July to October period stood at 70.19%. The cement exports continued their downward trend in October, as well, declining by 20.59% from the exports achieved in October 2011.

Pakistan exports cement to Afghanistan, India and to other destinations through sea. During the period from July to October exports to Afghanistan declined by 9.46% to 1.634 million tonnes. The exports to India declined by 37.51% to 0.158 million tonnes and exports to other destinations through sea increased by 2.34% to 1.161 million tonnes.

Mr Aizaz Mansoor Sheikh chairman of APCMA said that hype created on trade with India has so far not been materialized and export in that market is well below the expectations of the cement sector. After opening of land route it is expected that the industry would be able to export more than five million tons cement to India.

Mr Sheikh appealed the government to engage the Indian governments on a regular basis for the removal of non trade barriers which are hurting cement exports. He urged the government to boost the construction sector through prudent government policies and facilitation; resultantly increase in cement dispatches triggers a chain growth in 42 allied industries.

Source - The News.com

(www.steelguru.com)

This is alternative content.

/
Arcelor
Middle East News