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Cement despatches surge to record 5.21m tonnes in Sept
By
Staff Report
-
October 3, 2020
1
33
LAHORE: The cement sector has achieved its highest ever despatches in the previous month. The total despatches during September 2020 were 5.213 million tons against despatches of 4.273 million tons in September 2019.
The local uptake of cement in September 2020 increased by 17.65 percent to 4.089 million tons from 3.475 million tons in September 2019 while exports registered an increase of 40.95 percent, increasing to 1.124 million tons from 0.797 million tons in the same month last year.
The improved performance comes in the wake of the industry making large investments in new plants and machinery and modernization over the last few years, which has helped the consumer the availability of cement at very competitive rates compared to other countries in the region.
In the north region, domestic cement despatches increased by 16.30 percent to 3.523 million tons during September 2020 from 3.029 million tons in September 2019. Exports from the north increased by 9.27 percent to 0.287 million tons in September 2020 from 0.263 million tons in September 2019.
The southern region has also seen a generally positive trend in growth, where the domestic cement despatches increased by 26.84 percent to 565,236 tons from 445,629 tons in September 2019. Exports from the South continued to grow and increased by 56.53 percent to 837,033 tons in September this year from 534,751 tons in September 2019.
Total cement despatches during the quarter increased by 21.88 percent to 13.573 million tons from 11.136 million tons in July-Sep 2019. Domestic despatches registered a healthy increase of 18.84 percent, increasing from 9.120 million tons to 10.837 million tons. Exports also showed encouraging growth increasing by 35.67 percent from 2.016 million tons to 2.735 million tons.
According to stakeholders in the cement industry, the government needs to play its role in ensuring it is easily available to the public at affordable prices. They say that cement is a basic commodity and is crucial in the development of the country. To this end, the industry often laments the fact that their product is subject to very high taxes, including Federal Excise Duty of Rs. 1,500/- per ton equivalent to Rs75/- per bag. They say that the government must abolish Federal Excise Duty as this is not a luxury product.
The recent construction package announced by the Prime Minister of Pakistan has helped the industry in terms of growth and is fully aligned to support the government in its efforts to restart the development and reindustrialization.
After the cement industry faced huge losses during the financial year 2019-2020, the recent raid by Competition Commission of Pakistan was especially felt as a demoralizing action against the industry.
https://www.facebook.com/sharer.php...patches-surge-to-record-5-21m-tonnes-in-sept/
By
Staff Report
-
October 3, 2020
1
33
LAHORE: The cement sector has achieved its highest ever despatches in the previous month. The total despatches during September 2020 were 5.213 million tons against despatches of 4.273 million tons in September 2019.
The local uptake of cement in September 2020 increased by 17.65 percent to 4.089 million tons from 3.475 million tons in September 2019 while exports registered an increase of 40.95 percent, increasing to 1.124 million tons from 0.797 million tons in the same month last year.
The improved performance comes in the wake of the industry making large investments in new plants and machinery and modernization over the last few years, which has helped the consumer the availability of cement at very competitive rates compared to other countries in the region.
In the north region, domestic cement despatches increased by 16.30 percent to 3.523 million tons during September 2020 from 3.029 million tons in September 2019. Exports from the north increased by 9.27 percent to 0.287 million tons in September 2020 from 0.263 million tons in September 2019.
The southern region has also seen a generally positive trend in growth, where the domestic cement despatches increased by 26.84 percent to 565,236 tons from 445,629 tons in September 2019. Exports from the South continued to grow and increased by 56.53 percent to 837,033 tons in September this year from 534,751 tons in September 2019.
Total cement despatches during the quarter increased by 21.88 percent to 13.573 million tons from 11.136 million tons in July-Sep 2019. Domestic despatches registered a healthy increase of 18.84 percent, increasing from 9.120 million tons to 10.837 million tons. Exports also showed encouraging growth increasing by 35.67 percent from 2.016 million tons to 2.735 million tons.
According to stakeholders in the cement industry, the government needs to play its role in ensuring it is easily available to the public at affordable prices. They say that cement is a basic commodity and is crucial in the development of the country. To this end, the industry often laments the fact that their product is subject to very high taxes, including Federal Excise Duty of Rs. 1,500/- per ton equivalent to Rs75/- per bag. They say that the government must abolish Federal Excise Duty as this is not a luxury product.
The recent construction package announced by the Prime Minister of Pakistan has helped the industry in terms of growth and is fully aligned to support the government in its efforts to restart the development and reindustrialization.
After the cement industry faced huge losses during the financial year 2019-2020, the recent raid by Competition Commission of Pakistan was especially felt as a demoralizing action against the industry.
https://www.facebook.com/sharer.php...patches-surge-to-record-5-21m-tonnes-in-sept/
