LAHORE - Cement sector posted growth of 12.73 per cent in June 2021 compared to June 2020. Total cement dispatches during June 2021 were 5.211 million tons against 4.623 million tons dispatched during the same month of last fiscal year.
According to the data released by All Pakistan Cement Manufacturers Association, local cement dispatches in the month of June 2021 increased to 4.668 million tons against 3.834 million tons dispatched in June 2020, showing an increase of 21.74 per cent. Exports dropped by 31.12 per cent to 542,622 tons in June 2021 compared to 787,842 tons exported in June 2020.
Region wise, domestic cement dispatches in the north during June 2021 increased by 14.06 per cent to 3.859 million tons from 3.384 million tons in June 2020. Exports from the north massively increased by 337.89 per cent to 201,540 tons in June 2021 from 46,025 tons in June 2020.
In the south region, domestic cement dispatches increased by 79.35 per cent to 808,490 tons during June 2021 from 450,792 tons in June 2020. Exports from south however decreased by 54.02 per cent to 341,082 tons in June 2021 from 741,817 tons in June 2020.
A Spokesman of APCMA said that FY2020-21 has been a good year for cement, as demand has grown considerably. Cement industry is expanding its capacity from 70 million tons to around 100 million tons with the hope that the demand will increase by 15% annually for the next three years due to increase in allocation in PSDP, increase in CPEC related projects and housing as well as industrial demand.