Domestic Cement Demand Bounces Back with a Growth of 10.43% YoY
As per the data released by the All Pakistan Cement Manufacturers Association (APCMA) the industry dispatched 3.8m tons of cement during September against 3.2m tons dispatched during the same period last year, recording a significant growth of 18.9% YoY. The growth in overall dispatches is mainly due to revival of cement demand from domestic market and strong growth in export dispatches which grew by 78% YoY during September. According to data released by APCMA, total dispatches during first three months FY19 rose by 4.5% YoY to 10.8m tons compared to 10.34m tons during the corresponding period last year. Please note that dispatches to domestic market in 1QFY19 declined by 0.4% YoY. Going forward, we expect cement demand from domestic market to remain intact along with growth in export dispatches.
Attock Cement Pakistan Ltd. Attock Cement Pakistan Limited is principally engaged in manufacturing and sale of cement. The Company is also engaged in exporting clinker and cement both in bags and bulk to the United Arab Emirates (UAE), South Africa, Iraq, Sri Lanka and many other countries. The Company also has the facility of supply of cement in bulk and also produces the low alkali cement for some of its market. Its products include Ordinary Portland Cement (OPC), which is a product under the Falcon Brand used in all types of general construction. OPC can be used in concretes, mortars, grouts and premix concrete. It also offers Sulfate Resistant Cement (SRC), which is sold under falcon Brand and is used in sea and coastal areas and provides resistance to chemical attack from sulfates and dissolved salts present in sea and saline waters. The Company's Falcon Block Cement product is offered for block and precast slab makers.
Bestway Cement. Bestway Cement Limited is a Pakistan-based company, which is engaged in the production and sale of cement. The Company's products include Ordinary Portland Cement, Sulphate Resistant Cement, Quick Setting Cement, Low Alkali Ordinary Portland Cement and Clinker. The Company supplies these products either in standard packaging, in bulk or packaged according to customers' requirements. The Company exports its products to various markets, including Sri Lanka, Africa, the Middle East and Central Asia. The Company is a subsidiary of Bestway (Holdings) Limited, which is engaged in global banking, wholesale cash and carry business, a string of retail outlets, real estate investment, ethnic food and beverage import and distribution, and milling of rice.
Co. is engaged in the production and sale of Ordinary Portland and Sulphate Resistant Cements.
Fauji Cement is engaged in the manufacturing and marketing of cement.
Lucky Cement is a cement manufacturing and distribution company which is based in Pakistan. Co. is engaged in the manufacture and sale of Ordinary Portland, Sulphate Resistant, and Slag Cement. Co.'s brand names included Lucky Cement, Lucky Star, Lucky Gold, Chairman, and Lucky Sulphate Resistant Cement. Co. maintains production facilities in Pezu (Production capacity: 13,000 tons per day) as well as in Karachi (Production capacity: 8,000 tons per day). In addition, Co. is engaged in developing export markets for bulk loose cement from Pakistan to the Gulf Countries, African Markets, and Far East Region including Nepal & Sri Lanka.
Ismail Iqbal Securities (Private) Limited (IISPL) is a TREC holder of the Pakistan Stock Exchange, as well as an SECP registered Underwriter and Book Runner. IISPL provides comprehensive financial services including Equity Sales, Research on Equities and the Macro-Economy, Investment Advisory, Portfolio Management, Corporate Finance, and extensive services for Private Equity investors. IISPL services a diversified client base, from Institutional to Retail Investors including High Net worth Individuals.
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