Cement News tagged under: Askari Cement
Fauji Cement revenue up 27% YoY25 October 2022, Published under Cement NewsPakistan-based Fauji Cement Co Ltd (FCCL) has posted consolidated revenue of PKR14,700m (US$66.7m) in the quarter ended 30 September 2022. This compares to PKR11,577m in the same period a year earlier, marking a 27 per cent YoY improvement. Operating profit over the same timeframe has risen from PKR2859m to PKR3555m, while profit before tax has advanced from PKR2766m to PKR3315m. Earnings per share have improved from PKR0.97 in the quarter ended 30 September 2021 to PKR1.06 in the same ... |
Fauji Cement to become Pakistan’s third-largest cement player20 October 2022, Published under Cement NewsThe Fauji Cement Company Ltd (FCCL) is currently undertaking two expansions to become the second-largest cement producer in the north of Pakistan and third-largest cement player in the country as a whole. Top officials from the company disclosed this during a corporate briefing on 18 October discussing the FY21-22 financial result (the FY21-22 profit of the company was the highest in history) and future outlook. According to Topline Pakistan Research, the merger of Askari Cement and ... |
FCCL to become the third-largest player in the country19 November 2021, Published under Cement NewsFauji Cement Company Ltd (FCCL) informed the Pakistan Stock Exchange (PSX) on 18 November that its Board of Directors has approved the process of amalgamation of Askari Cement Ltd into Fauji Cement Co Ltd and its placement before the shareholders in the Extraordinary General Meeting of the company as Special Business for their approval as per requirements of the Companies Act of 2017. While commenting on the amalgamation, AHL Research stated that, pertinently, Askari has a cement capacit... |
Askari Cement orders three new cement mills23 September 2021, Published under Cement NewsPakistan’s Askari Cement Ltd has ordered three MVR vertical roller mills from Gebr Pfeiffer for its plant in Nizampur. Two of the mills are MVR 5000 C-4 cement mills, which together grind 360tph of cement to a fineness of 3250cm²/g according to Blaine. The other is an MVR 5000 R-4 raw mill for grinding 520tph of raw material to a fineness of 12 per cent R90µm. A SLS V high-efficiency classifier will also be installed on all three mills. The order is being handled by China’s Hefei Cement Re... |
Fauji Cement appoints CEO/MD and makes resource sharing agreement with Askari Cement29 May 2020, Published under Cement NewsFauji Cement Co Ltd (FCCL) informed Pakistan Stock Exchange (PSX) on 28 May 2020 that due to expiry of employment contract of Lt Gen Muhammad Ahsan Mahmood, HI (M) (Retd), CEO/MD of FCCL on 9 June 2020, Qamar Haris Manzoor has been appointed as his replacement by the Board of Directors of Fauji Cement, says a notification signed by company secretary. He will assume the charge of this appointment with effect from 10 June 2020. Earlier, the company stated that as a result of the approval of t... |
Pooling of resources between Fauji Cement and Askari Cement13 January 2020, Published under Cement NewsFauji Cement Company Ltd has informed Pakistan Stock Exchange (PSX) that its 11th Extraordinary General Meeting (EGM) was held on 10 January 2020 and two important resolutions were adopted by the shareholders for sharing resources amongst two cement units. The first resolution for approval and authorisation was the resource sharing arrangement to be entered into with Askari Cement Ltd (ACL). The second resolution approved an equity investment of up to PKR200m (US$1.29m) in the associate... |
Askari Cement orders ESP conversions from CTP Team Srl19 September 2019, Published under Cement NewsCTP Team Srl will install new bag filters at Askari Cement Ltd's Nizampur and Wah cement plants, Pakistan. The new bag filters will be constructed from electrostatic precipitator (ESP) conversions and are to be installed on both kiln and raw mills using CTP's SWAP technology. Marco Ernesto Donghi, sales director of CTP Team, and Mustafa Kausar, managing director of Askari Cement Ltd, signed the contract for the order earlier this week. |
Askari Cement opts for ETA cooler technology19 September 2017, Published under Cement NewsThe Chinese design institute NCDRI has awarded a contract to Claudius Peters for the delivery of two clinker cooler conversions. The customer, Askari Cement in Pakistan, wants to convert two grate coolers to modern ETA cooler technology from Claudius Peters. The cooler conversions will be carried out at the Nizampur cement plant which has two production lines in operation. The 856 S ETA coolers will each be equipped with eight rows of HE-modules and a roller crusher RB 305-3 EM. In a fir... |
Pakistan: WHR for Askari Cement's Wah plant01 July 2016, Published under Cement NewsPakistani cement producer Askari Cement Ltd is planning to install a waste heat recovery (WHR) plant for its 3500tpd clinker line at its Wah works in Rawalpindi, Punjab.It is currently negotiating with leading international WHR suppliers. At present Askari Cement has two plants in operation: one is located in Wah and the other in Nizampur (Khyber Pakhtun Khwa), with a combined production capacity of 8925tpd. |
Fauji Cement in possible Askari Cement takeover, Pakistan22 February 2012, Published under Cement NewsFauji Cement Company Ltd (FCCL) plans to acquire Askari Cement of the Army Welfare Trust (AWT). Both companies are reportedly at an advanced stage of negotiations and are expected to announce a merger soon, once the necessary approval is received from the relevant government departments and board of directors. Should the deal proceed, Fauji Cement will become the second largest cement producer in Pakistan as capacity will increase from 3.43Mt to 6.10Mt. As per FY11 figures, FCCL holds... |
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