Monday, May 27, 2024

A 15.7% growth is seen in cement sales from July to December.

Pakistan’s cement sector posted a growth of 15.66 percent during the primary months of the financial year 2020-21.

According to data released by the All Pakistan Cement Manufacturers Association (APCMA), the sales reached 28.6 million tons compared to 24.8 million tons during July-December 2019.

Local sales witnessed an uptick of 15.9 percent in July-December 2020 to 23.6 million tons as against 20.4 million tons within the same period of the financial fiscal year .

Exports grew from 4.4 million tons in July-December 2019 to five million tons in July-December 2020, showing a growth of 14.6 percent.

Exports from the north fell from 1.4 million tons during July-December 2019 to 1.2 million tons, down by 14.74 percent within the same period of the present financial year . within the south, domestic cement sales increased by 13.97 percent to three .4 million tons during July-December 2020 on a year-on-year basis.

While in December 2020, the cement sector posted a growth of 11.18 percent because the total sales reached 4.8 million tons. Cement sales had stood at 4.3 million tons in December 2019.

The local cement sales increased to 4.15 million tons in December 2020 compared to three .54 million tons in December 2019, posting an increase of 17.47 percent.

A spokesman for APCMA said that the rising coal, electricity, and diesel prices are hurting the cement sector.

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