Pakistani cement producer, Lucky Cement, saw its cement sales rise 3.1% in the financial year ending 30 June, benefitting from strong local demand for the building material.
The cement industry in Pakistan grew by 3.7% over the same period, reaching sales of 40.32 million t. This compares with sales of 38.87 million t over the previous financial year. Local sales volumes showed much stronger growth, rising 8% on demand driven by significant infrastructure development in the country.
Lucky’s local sales rose 13.9% to 6.93 million t over the year.
The surge in demand for cement within Pakistan saw producers divert product into the local market, hitting exports. Overall, shipments were down 20.6% to 4.66 million t, while Lucky’s exports declined 32.7% to 1.08 million t.
Read the article online at: https://www.worldcement.com/indian-subcontinent/24082017/lucky-cement-sees-sales-rise-in-last-financial-year/
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