Pakistan’s cement industry braces itself
for challenges ahead
Pakistan’s cement industry will face challenges in
the remaining slx months of current financial year
2018-19 due to various pressing factors. Industry
experts are of opinion that declining trends in
cement demand, capacity expansion, cut tn Public
Sector Development Programme (PSDP),
slowdown in private construction and price war
adversely Impact
cement
industry
may
performance from January 2019 onward.
According to a report of Taurus Security Ltd, the
cement sector in Pakistan faces a dismal outlook
in FY19. Multiple expansions coming online in the
near-term are expected to lead to a price war
among players. In addition, the weak macro
environment is anticipated to subdue total
demand.
The 16 per cent PSDP cut in the amended budget
will reduce the total dispatches. However, on a
positive development, from FY20 cement demand
is expected to normalize with the impetus from
the PM’s housing scheme.
The report added that as robust years for private
builders have ended. the increase in the cost of
borrowing will further decrease the demand for
housing finance.
Current cement capacity is around S4Mt with
20Mt in the pipeline. The new capacity is expected
to come online by FY21. In FY18, the industry
effective capacity was 95 per cent, the highest
since FYll. On the regional front, the southern
belt is expected to improve with a high possibility
of exports tn FY19 (+71 per cent YoY in FY18).
Due to the Increased capacity, cement players
could face tough pricing competition in coming
years, with a major impact in the south. Experts
anticipate average prices to be around
PKR575/bag (US$4.11)
PKRS90/bag
and
(US$4.21) for the north and the south region
respectively
URGENTLY looking for the following for our
PRODUCTION DEPARTMENT located in our FACTORY
in HUB, BALOCHISTAN:
Facebook page: Joinoilandgas.com
1) PROCESS ENGINEER – B.E. (Chemical) with
at least 05 years of experience working in the
production department of a CEMENT PLANT ONLY.
Age limit is 45 years.
Facebook page: Joinoilandgas.com
2) OFFICER / JR. OFFICER (PROCESS) – D.A.E.
(Chemical) / (Mechanical) with at least 05 years of
experience working in the production department of
a CEMENT PLANT ONLY. Age limit is 40 years.
3) JUNIOR MANAGEMENT TRAINEE – FRESH
D.A.E. (Chemical) / (Mechanical) graduates ONLY.
Age limit is 25 years.
Facebook page: Joinoilandgas.com
Interested and eligible candidates can send their
CVs tohr@attockcement,.com.Kindly mention the
position applied for in the subject liner. Also note that
Interviews for the position will be held in Karachi so
if you are located outside of Karachi, kindly consider
travel cost and arrangements before applying.
