DGKC in process to export Cement to US

MG News | June 14, 2022 at 11:00 PM GMT+05:00

0:00

June 14, 2022 (MLN): D.G Khan Cement Company (DGKC) is in process to ship 50,000 tons of the building material to the US, Bloomberg reported today.

The ship is currently loading cement at a Karachi port for delivery to Houston.

Speaking to MG News, Company CFO Inayat Ullah Niazi stated “We are exporting cement to USA which is a new market”

As per the latest PBS data, Pakistan’s cement exports in the month of May’22, went down by 10.2% MoM to stand at $2.6 billion.

Commenting on sector’s outlook, CFO DGKC said that next year cement will have flat or may be negative growth due to rise in interest rate.

However, south cement sector looking for export avenues. Export figure may remain flattish due to high input cost, he added.

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