Cement export exceeds three million tons: Brecorder

RIZWAN BHATTI
KARACHI (November 04 2008): Cement exports exceeded 3 million tons as 3.497 million tons cement was exported in July-October of the current fiscal year depicting 73 percent growth as compared to 2.025 million tons during the same period of last fiscal year. This was due to huge export orders from Middle East, industry sources said.They said that surged in cement export was due to high demand and its shortage in the region, especially in Dubai, Afghanistan and India, where construction activities are at peak. Following the rising demand for cement on international front, the industry is also rapidly growing and its production capacity has increased by about 50 percent to 37 million tons from 21 million tons.Cement exports in October 2008 also broke all previous records, as over one million tons cement was exported in a single month. However, due to poor economic situation in the country, local dispatches declined by 14 percent during the period under review. Local cement dispatches declined to 6.337 million tons during this period as compared to 7.456 million tons of last fiscal year. But overall cement dispatches increased by 3.71 percent to 9.834 million tons as compared to 9.482 million tons of last fiscal year.

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