Cement sales grow 21pc in 11 months

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Karachi

Cement sector showed excellent growth of around 21 percent during the first 11 months (July-May) of the current fiscal year 2020-21, as total cement dispatches during the month remained 52.222 million tonnes against 43.189 million tonnes during the corresponding period of last fiscal year.

Likewise, growth remained around 50 percent on a year-on-year (YoY) basis in May 2021, as total cement dispatches during the month remained 3.947 million tonnes as compared to 2.634 million tonnes during the same month in the previous fiscal year.

According to data released by All Pakistan Cement Manufacturers Association (APCMA), the cement sector showed excellent growth of 49.86 percent in May 2021.

Domestic cement dispatches during May increased to 3.201 million tonnes from 2.271 million tonnes in the same month in FY20.

Exports massively rose by 105.56 percent – from 363,174 tonnes in May 2020 to 746,550 tonnes last month.

During May, North-based cement mills dispatched 2.713 million tonnes in the local markets, up by 35.55 percent from 2.001 million tonnes in the same period last year. —APP

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