Muhammad Omar
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KARACHI - The calendar year 2014 ended for the cement sector on a healthy and pleasant note as besides registering sustained growth in last six months, the sector was exonerated of any willful default by a report presented to FBR by LUMS.
Dispatches during the six months ended on 31st Dec., 2014 increased by 6.23 percent to 17.12 million tons compared with dispatches of 16.11 million tons during the corresponding period of 2013. "The most pleasant aspect of this growth is that it is led by domestic consumption which increased by 9.10 percent during July to Dec 2014" said a spokesman of All Pakistan Cement Manufacturers Association.
He said that higher cement uptake depicts turnaround in economy. It may be noted that during the first 6 months of this fiscal, cement dispatches crossed the 3 million tons bench mark in three months in 2014. During July-December 2013 this benchmark was not crossed in any of the six months.
Further analysis of dispatches revealed that the factories located in north showed robust growth in domestic consumption by selling 10.96 million tons in domestic markets from July to Dec 2014 against 9.9 million tons during same period of last year thereby registering growth of 10.50 percent.
Dispatches during the six months ended on 31st Dec., 2014 increased by 6.23 percent to 17.12 million tons compared with dispatches of 16.11 million tons during the corresponding period of 2013. "The most pleasant aspect of this growth is that it is led by domestic consumption which increased by 9.10 percent during July to Dec 2014" said a spokesman of All Pakistan Cement Manufacturers Association.
He said that higher cement uptake depicts turnaround in economy. It may be noted that during the first 6 months of this fiscal, cement dispatches crossed the 3 million tons bench mark in three months in 2014. During July-December 2013 this benchmark was not crossed in any of the six months.
Further analysis of dispatches revealed that the factories located in north showed robust growth in domestic consumption by selling 10.96 million tons in domestic markets from July to Dec 2014 against 9.9 million tons during same period of last year thereby registering growth of 10.50 percent.
