Cement industry shows 44.39 % growth

Cement industry has seen massive growth this month due to the booming construction industry in the country.

According to the data released by the All Pakistan Cement Manufacturers Association (APCMA), local cement despatches in the month of March 2021, were 4.563 million tons showing a healthy increase of 41.96 percent compared to 3.214 million tons in March 2020.

Exports of cement have also increased significantly by 59.80 percent, from 507,480 tons in March 2020, to 810,962 tons in March 2021 mainly due to the incentives by the government on export.

This fiscal year has been significantly more profitable for the cement industry as compared to the last one. During the first nine months of this fiscal year, total cement despatches (domestic and exports) were 43.325 million tons that was 16.99 percent higher than 37.035 million tons of cement despatched during the corresponding period of last fiscal year.