Attock Cement expects that its cement despatches will decline by 10% year-on-year in the 2025 financial year. During a corporate briefing it revealed that local despatches of cement had fallen by 20% year-on-year to 7.91Mt in the first quarter to 30 September 2024 from 9.87Mt in the same period in 2023, according to the Pakistan Press International news agency. The decrease was more pronounced in the south of the country than the north. Despite this, exports grew by 22% to 2.14Mt. The company’s turnover and profit also fell during the reporting period.
The company is currently investing US$4.5m in a 4.8MW wind power unit. The project is intended to reduce the company’s reliance on the local electricity grid and reduce power costs generally. It is expected to become operational from January 2025. The cement producer is also planning to increase its usage of alternative fuels to further bring down production costs.
