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.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	184,174.49 344.20M	1.01% 1836.37
ALLSHR	110,725.47 802.30M	1.02% 1116.66
KSE30	56,462.88 128.04M	0.96% 535.72
KMI30	261,050.23 116.63M	1.37% 3522.37
KMIALLSHR	71,230.99 382.91M	1.23% 862.76
BKTi	53,229.04 40.62M	1.01% 532.20
OGTi	38,590.42 18.06M	1.28% 488.37

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	83,460.00	84,945.00 81,210.00	-940.00 -1.11%
BRENT CRUDE	68.81	70.21 67.79	-0.78 -1.12%
RICHARDS BAY COAL MONTHLY	86.75	0.00 0.00	-2.35 -2.64%
ROTTERDAM COAL MONTHLY	98.95	99.00 98.95	0.00 0.00%
USD RBD PALM OLEIN	1,071.50	1,071.50 1,071.50	0.00 0.00%
CRUDE OIL - WTI	64.72	66.11 63.64	-0.70 -1.07%
SUGAR #11 WORLD	14.23	14.71 14.15	-0.47 -3.20%