Cement News tagged under: Attock Cement Pakistan Ltd
Attock Cement sells additional stake in Iraq cement firm for US$5.85m21 August 2024, Published under Cement NewsAttock Cement Pakistan Ltd, a Pakistan-based cement producer which manufactures ordinary Portland cement, sulphate-resistant cement, Falcon rock cement and Falcon block cement, has announced its sale of an additional stake in Saqr Al Keetan of Cement Production Co Ltd (SAKCPCL). SAKCPCL operates a 0.54Mta grinding facility in the Basra region of Iraq. Attock’s stake (4,500,000 shares) in the Iraq-based company will be sold to an undisclosed acquirer for US$5.85m. Attock, a subsidiary... |
New chairman in Attock Cement14 November 2023, Published under Cement NewsCompany Secretary, Attock Cement Pakistan Ltd , Irfan Amanullah, informed Pakistan Stock Exchange Ltd (PSX) on 13 November that after the recent election of directors of the company held on 23 October 2023, Shuaib A Malik has been appointed chairman by the Board of Directors. |
Mixed results announced by Pakistani cement companies for 9MFY2024 April 2020, Published under Cement NewsThree Pakistani cement companies have announced their 9MFY19-20 financial results. DG Khan Cement Co Ltd and Kohat Cement Co Ltd have reported losses, but luckily Attock Cement Ltd has reported only a fall in profit during this financial period. Analysts have attributed losses to a combination of factors, including a significant drop in retention prices in both local and export markets, an increase in finance cost, higher energy tariffs and an increase in transportation cost following the i... |
Attock Cement resumes production at Hub21 April 2020, Published under Cement NewsAttock Cement Pakistan Ltd has informed Pakistan Stock Exchange Ltd (PSX) on 20 April that subsequent to the partial removal of the lockdown by Federal and Provincial Governments, the company has partially commenced its plant operations with immediate effects at Hub Chowki, Lasbela in Baluchistan Province. The company operates three production lines at Hub that have total capacity of 2.955Mta of cement. Attock Cement Pakistan Ltd previously halted production on 26 March to meet government r... |
Attock temporarily closes doors amid COVID-1927 March 2020, Published under Cement NewsPakistan’s cement industry has been impacted by measures taken by federal and provincial governments to stop the spread of the coronavirus in the country. Attock Cement Pakistan Ltd has informed the Pakistan Stock Exchange in accordance with Section 96 of the Securities Act, 2015 and Clause 5.6.1(a) of P5X Regulations: “In view of the prevailing lock down announced by the Governments of Sindh and Balochistan in order to control the spread of COVlD-I9, the management of Attock Cement Pakistan... |
Attock Cement reports 41% growth in profit during 1HY19-2023 January 2020, Published under Cement NewsOn 21 January 2020, Attock Cement Pakistan Ltd (ACPL) announced its 1HFY19-20 financial results (for the period ended 31 December 2019). According to a notification by Attock Cement to the Pakistan Stock Exchange (PSX), the company's consolidated profits after tax increased to PKR1.15bn (US$7.44m) during this period, from PKR816m earned in corresponding period of FY18. This translates an increase of 41.3 per cent on YoY basis, which was possible due to a sales increase to PKR12.45bn from P... |
Attock Cement's perceptions for Pakistan's cement industry02 October 2019, Published under Cement NewsTop officials of Attock Cement Pakistan Ltd (ACPL) presented a pictorial review of Pakistan cement industry in local bourse house on 30 September. Muhammad Rehan, chief financial officer and Muhammad Irfan Amanulah, senior general manager and company secretary, highlighted the company performance, issues negating to industry's profitability and future outlook. Cement sales The sale of cement in Pakistan is likely to remain flat at 47Mt during FY19-20 but may inch up to 49Mt during FY21-... |
Attock Cement's grinding unit starts production in Iraq02 September 2019, Published under Cement NewsAttock Cement Pakistan Limited (ACPL) has informed the Pakistan Stock Exchange (PSX) that commercial production from its newly constructed 0.9Mta cement grinding unit in Basra, Iraq, commenced on 1 September. ACPL has succeeded in exporting a huge quality of clinker and cement both in bags and bulk to UAE, South Africa, Iraq, Sri Lanka and many other countries. In addition, the company also produces low-alkali cement. It is a member company of Pharaon Commercial Investment Group, pre... |
Attock Cement profit falls in FY1930 July 2019, Published under Cement NewsAttock Cement Pakistan Ltd (ACPL) has announced its FY19 results, reporting a net profit after tax fall to PKR2.073bn (US$12.86m) from PKR4.4bn in FY18, down 53 per cent on YoY. Along with the result, ACPL also announced a final cash dividend of PKR4/share. The topline of the company grew 26 per cent YoY during FY19 to PKR 20.781bn, led by 29 per cent YoY growth in sales volume (mainly exports), a research house commented. However, financial charges of the company swelled significantly by... |
Askari seeks minning lease approval26 July 2019, Published under Cement NewsAskari Cement Ltd (ACL) has submitted an application to Environmental Protection Agency (EPA), Government of Punjab to seek environment approval under section 12 Punjab Environment Protection Act 1997 for mining of limestone at Wah and Hassan Abdal, Rawalpindi Attock district in Punjab province, Pakistan. According to a public notification, Environmental Protection Agency (EPA), the Government of Punjab has invited comments from all stakeholders and the general public for their comments... |