Pakistan cement export in July to October up by 73%: Steel Guru

November 16, 2008
YoY

Daily times reported that cement export witnessed a growth of 73% in four months of 2008 to reach 3.5 million tonnes as total dispatches register an increase of 4% YoY with total sales amounting to 9.8 million tonnes.On the exports front, depreciation of rupee has rendered Pakistani cement as a highly attractive option. The north has primarily contributed to the impressive increase in exports, where exports have taken a leap of a commendable 80% YoY. This is primarily due to the higher demand pouring in from India, which now constitutes 6.5% of exports FY-09. Afghanistan accounts for 28% of the exports.

This is because the incremental exports have primarily been directed towards the cement thirsty UAE, the elaborate construction projects of which have yet to take a hit from the looming economic slowdown.Though sales have increased, capacity utilization has taken a hit by falling to 76.4% which is down by 21% points.

This is primarily because of the expansion ensuing an increase of 1.5 million tonnes YoY in rated capacity, which was unmatched by a 0.35 million tonnes YoY increase in demand. Lucky cement has also made its mark in terms of capacity utilization as its plant in south zone boasts of a level of 117%.

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