Maple Leaf Cement expansion project advancing at a good speed
Maple Leaf Cement said that the Company had started its capacity enhancement project, i.e. Line 4 (7000 tpd), at its existing plant site. The construction work is in progress at a satisfying pace, and approximately fourteen shipments of plant and machinery have arrived at the construction site to date.
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The said project is financed with a mix of concessionary debt and internally generated cash during 9MFY22. Management is targeting to achieve COD in 2Q FY 2023.
Export to Kabul
The Company’s export volume decreased by almost 63.36% to reach 89,225 metric tons from 243,493 metric tons in the corresponding period. This decline is mainly attributable to the Afghanistan market due to the slow economic activity post-American departure from the country, low margins and banking restrictions. Further, cement dispatches to the rest of the world are still not feasible due to high production costs in Pakistan and increased shipping rates.
