Lucky Cement reports strong results
Published by Jonathan Rowland,
Editor
World Cement,
Lucky Cement reported cement production of 5.8 million t over the nine months ending 31 March, a rise of 11.1% on the same period in 2016/17. Cement sales were up 10.2% over the same period.
Overall, cement industry dispatches in Pakistan grew by 14.7% over period to 34.8 million t, according to the All Pakistan Cement Manufacturers Association. Local sales volumes grew by 17.3%, while exports fell 8.2%.
The company also expects volumes to continue to grow over the last quarter of the financial year.
“Domestic sales are expected to remain strong on the back of private and public sector construction projects, as well as mega infrastructure development projects under the China-Pakistan Economic Corridor initiative,” the company said.
Read the article online at: https://www.worldcement.com/indian-subcontinent/07052018/lucky-cement-reports-strong-results/
You might also like
Planned spin-off of Holcim’s North American business expected to occur in H1 2025
Holcim is progressing on the planned full capital market separation of its North American business, planned by way of a 100% spin-off to be listed on the New York Stock Exchange.