Unimpressive exports dent overall cement sales
Demand rises only 5% to 3.94 million tons in Nov 2017LAHORE: Cement manufacturers sold 3.941 million tons in November 2017, up 5.16% compared to the same month of previous year, showed data released by the All Pakistan Cement Manufacturers Association on Wednesday. Though domestic cement consumption rose 9.89%, the overall growth was 5.16%, undermined by a steep decline in exports which dropped 27.11%. Domestic sales in the southern region increased 8.4% from 0.578 million tons in November 2016 to 0.626 million tons in November 2017. Exports from the northern region decreased 8% to 0.278 million tons as opposed to 0.350 million tons in November 2016. Overall, the industry sold 2.261 million tons more cement in Jul-Nov FY18, which was 13.91% higher than sales in the corresponding period of previous year.
Source: The Express Tribune December 07, 2017 03:56 UTC
