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September 08, 2008


Pakistani cement exporters eyeing USD 400 million mark

Daily Times reported that Pakistani cement exports have witnessed huge jump in the recent months and the manufacturers are eyeing USD 400 million mark. The cement production has also witnessed around 32% increase in 2008.

Official sources said that the Indian government has banned its cement exports and ultimately it would benefit Pakistan, as the construction boom is taking place in Gulf countries. India exported around 0.55 million tonnes of cement to UAE while Pakistan exports remained 0.25 million tonnes. In such situation, the local manufacturers are set to capture the Middle Eastern market.

The cement export in 2006-07 remained 2.79 million tonnes and Pakistani manufacturers got orders between USD 65 to USD 70 per tonne. Resolutely, the industry fetched around USD 190 million. However, this year the price is roaming at USD 70 to USD 75 per tonnes. So far, the exports in recent nine months are at 4.45 million tonnes and the manufacturers are expecting to export 5.5 million tonnes of cement by July 2008, getting around USD 400 million.

Currently, Pakistan is producing 28 million tonnes of cement annually and the capacity with addition of new projects would be enhanced to 37 million tonnes. A number of plants including Lucky, Bestway, Kohat and Gharibwal would start production and it would enhance the cement production in Pakistan.

During July 2007 to March 2008 period, Pakistan produced 21.88 million tonnes of cement and exported around 4.45 million tonnes to different countries like India, Afghanistan, Middle East and some of African countries.

In 2008, the cement exports have witnessed a huge increment, as in 2007 Pakistan exported around 2.79 million tonnes of cement including 1.72 million tonnes to Afghanistan and 1.07 million tonnes to other countries. This year, the Indian government allowed cement import and it remained attractive market for the Pakistani producers. So far, the industry has witnessed around 50% enhancement in cement exports while clinker exports have also seen huge improvement. In 2007, clinker exports stood at 0.39 million tonnes while in the previous nine months, they remained 0.7 million tonnes.