Cement News tagged under: Bestway Cement
Pakistan manufacturers post strong 1HFY22-23 financial results27 February 2023, Published under Cement NewsAccording to the Pakistan Stock exchange (PSX), Pioneer Cement Ltd (PIOC) earned a profit of PKR1.76bn (US$6.81m) in 1HFY22-23 compared to PKR1.14bn made in the previous year’s corresponding period. This reflects a growth of 54.1 per cent YoY. PIOC's gross sales increased by 19.4 per cent to PKR25.08bn in 1HFY22-23 from PKR21bn during the same period last year. It incurred distribution expenses of PKR61m against PKR52m in the previous financial period. The administrative costs rose to P... |
Bestway Cement completes Punjab brownfield line20 February 2023, Published under Cement NewsGeneral Counsel and Company Secretary of Bestway Cement Ltd (BWCL), Hassan Niazi, informed Pakistan Stock Exchange (PSX) that the company has completed the construction and installation of a brownfield line at its Hattar plant in Punjab. The bourse filling adds that Hattat Line-II has a clinker capacity of 7200tpd and the new production line commenced cement production on 17 February 2023. A last-quarter report adds that the work on the company’s greenfield cement plant of 7200... |
Bestway Cement's post expansion capacity will stand at 15.2Mta30 November 2022, Published under Cement NewsThe top management of Bestway Cement Ltd organised a corporate briefing earlier this month to discuss the company's 1QFY22-23 results and outlook. The company's CFO, Muhammad Amir Khan, and Head of Budgeting, Treasury and Reporting, Muhammad Danish Khan, of Bestway Cement Ltd announced that the start of commercial operation of 7200tpd clinker line at the Minawali location is expected in December 2022 and the 7200tpd clinker line in Hattar II will start up in March 2023. The post-expan... |
Bestway Cement receives Pioneer Award29 November 2022, Published under Cement NewsPakistan’s Bestway Cement has been awarded the ‘Carbon Neutralisation Pioneer Award’ by LONGi Green Energy Technology Co Ltd, the largest solar panel manufacturer in the world, in recognition of the cement producer’s commitment to renewable energy. Bestway is the country’s second-largest cement producer with a cement production capacity of 12.9Mta. Not only was it acknowledged for introducing a waste heat recovery (WHR) power plant at all its production facilities, Bestway also installe... |
APCMA elects new executive committee23 November 2022, Published under Cement NewsMuhammad Ali Tabba, chief executive of Lucky Cement , has been appointed chairman of the All Pakistan Cement Manufacturers Association (APCMA) for the 12 months ending September 2023. Senior vice chairman of the APCMA over the same period has been named as Kohat Cement ’s Aizaz Mansoor Sheikh, while Attock Cement ’s Babar Bashir Nawaz has been elected vice chairman. Also elected were eight executive committee members, including: Sayeed Tariq Saigol ( Maple Leaf Cement ) Azam Fa... |
Pakistani producers to expand cement capacities26 October 2022, Published under Cement NewsIn a cement sector update, MS Research has stated that four companies in Pakistan are expected to add extra capacity in FY22-23, lifting the current 70Mta of capacity by 11.7Mta by end March 2023. According to market sources and company announcements, Bestway Cement’ s (BWCL) greenfield expansion of 2.2Mta in Mianwali, Punjab, and Fauji Cement’ s (FCCL) 2Mta brownfield expansion in Nizampur, Khyber Pakhtunkhwa, have recently commenced trial operations. As both plants are located in the ... |
Bestway Cement fires new kiln line at Mianwali plant21 October 2022, Published under Cement NewsCompany Secretary of Bestway Cement Ltd , Hassan Niazi, has informed Pakistan Stock Exchange (PSX) that the company has achieved the major milestone of lighting up the kiln at its 7200tpd greenfield plant near Paikhel, Mianwali district, in Punjab Province of Pakistan. The kiln was successfully lit up at 9.22h on 20 October 2022, added the regulatory filling. Chairman of Bestway Group, Sir Mohammed Anwar Pervez OBE HPk cut the ribbon to inaugurate the lighting up of the kiln. Mr Nia... |
Bestway Cement: building for a greener future27 May 2022, Published under Cement NewsThis week Bestway Cement announced that it is building a new 7200tpd cement plant in Paikhel, Mianwali district, Punjab province, Pakistan, which it expects to commission by the end of this year. The Pakistani cement company has slipped into second place behind Lucky Cement in terms of domestic cement capacity. However, it is not standing still and is preparing to fend off competition for its market share. As detailed in its 3Q22 report, Bestway Cement plans further expansion, helping it ... |
Bestway Cement Ltd plans greenfield Punjab plant24 May 2022, Published under Cement NewsBestway Cement Ltd has announced its plans to setup a greenfield cement plant with a capacity of 7200tpd of clinker in Punjab province, Pakistan, along with 9MW waste heat recovery plant. Bestway Cement has entered into an agreement with Sinoma International Engineering Co of China for engineering, procurement and construction (EPC). “In view of increasing demand for cement in the country, Bestway Cement has decided to setup a greenfield cement plant in District Mianwali along with 9... |
Pakistani cement producers earn a profit in 1HFY2211 March 2022, Published under Cement NewsThe major players in Pakistan’s cement industry have reported a profit during 1HFY22 in Pakistan. The Spectrum Research has attributed to an increase in the topline, a decrease in finance cost and an increase in other costs during this period, particularly in the 2QFY22. However, most of the companies did not announce any dividends. Industry dispatches in 1HFY22 According to Lucky Cement , the cement industry-wide local sales volume registered a growth of 1.9 per cent to reach 24.... |