Cement News tagged under: DG Khan Cement
A trio of producers eye Lafarge Pakistan Cement08 May 2014, Published under Cement NewsA three-way struggle looms for Lafarge Pakistan (LPCL) as Kohat Cement is the latest party to announce its interest in the assets of the only major cement producer in Pakistan. Kohat Cement's interest follows that of DG Khan Cement and Bestway Cement who are both keen on the purchase. The divestment of LPCL follows 'the merger of equals' to establish LafargeHolcim, which will become a giant cement producer in more than 90 countries with a balanced exposure to both developed and high growth m... |
Pakistan: Kohat Cement Co interested in 76% Lafarge Pakistan stake05 May 2014, Published under Cement NewsPakistan's Kohat Cement Company announced that it will participate in the bidding process for the acquisition of 1.1bn ordinary shares of PKR10 each of Lafarge Pakistan, representing 75.86 per cent of the total issued and paid-up share capital of Lafarge Pakistan, according to local news service The News. Vision Holdings Middle East, which holds a 47 per cent stake in Pioneer Cement, and DG Khan Cement have also expressed interest in acquiring the stake from Lafarge subsidiary Sofima SA. ... |
DG Khan plans Balochistan plant, Pakistan08 April 2014, Published under Cement NewsDG Khan is expected to begin construction of a new 2.5Mta plant at Hub, located in the Lasbela district of Balochistan, next year, to lift its market share in the south of Pakistan and facilitate exports. A senior company official told The International News (Pakistan) that it is in the process of finalising vendors for the implementation of the project. In the next phase it will open a letter of credit, the official said, adding that construction work is expected to start in 2015. Balochi... |
Pakistan: DG Khan second-quarter profit rises14 February 2014, Published under Cement NewsDG Khan, one of Pakistan's leading cement producers, posted a 14 per cent YoY rise in profit during 2QFY14 to PKR1.61bn but higher power costs affect gross margins. Earnings per share rose to PKR3.68 against PKR3.22 a year earlier. Revenues increased by 10 per cent YoY to PKR6.54bn while gross margins declined to 34 per cent from 40 per cent in the comparative period of FY13 due to higher power costs. Earnings were down 5.6 per cent YoY to PKR2.66 compared to PKR2.82bn in 2QFY13.... |
Pakistan to report fall in dispatches in 1M1403 February 2014, Published under Cement NewsThe Pakistan cement industry is likely to post a MoM drop of 13 per cent of total dispatches in January 2014 as winter affected both domestic and export shipments, which were down by 13 per cent and 12 per cent, respectively. But 7MFY14 (Jul-Jan) total dispatches minutely improved by 0.4 per cent to 18.68Mt. According to estimates of leading brokerage houses, cement units located in the north dispatched 1.95Mt and 611,000t in the south during January 2014 (total 2.56Mt) compared to 2.37M... |
DG Khan sees 17% decline in first-quarter exports, Pakistan25 October 2013, Published under Cement NewsDG Khan Cement reported a lower-than-expected post-tax profit of PKR1.07bn (US$10m) in the first quarter of the current fiscal year, down 26 per cent from the PKR1.44bn reported in the same period of last year. The decline is mainly being attributed by analysts at Summit Capital to a decline in sales which fell six per cent YoY to 903,000t compared to 964,000t in the same period of last year. Local sales fell one per cent to 621,000t while exports fell by a substantial 17 per cent YoY to 2... |
DG Khan Cement plans greenfield plant, Pakistan12 September 2013, Published under Cement NewsDG Khan Cement has been given the green light by its Board of Directors (BoD) to set up a greenfield plant in Pakistan, but plans for a Mozambique facility have been withdrawn. The Pakistan-based manufacturer announced it is to set up the new 2.6Mta facility in the Hub District, Lasbela in the Baluchistan Province near Karachi. Its BoD has asked management to initiate the process to establish the plant, the land for which has already been acquired. If the new project comes to fruition... |
DG Khan Cement posts 34% rise in annual profit, Pakistan06 September 2013, Published under Cement NewsDG Khan Cement, part of the Nishat Group and one of Pakistan's largest cement manufacturers, posted a 34 per cent YoY increase in profit for fiscal year 2012-13. According to a notice sent by the company to the Karachi Stock Exchange, the company reported a net income of PKR5.5bn for the fiscal year 2013, compared PKR4.11bn in fiscal 2012. The rise in earnings was attributed to better cement prices and an increase in other income but were lower than analysts’ estimates due to a higher t... |
DG Khan reports strong rise in 9MFY12 net profit19 April 2013, Published under Cement NewsDG Khan Cement Company (DGKC) registered a net profit of PKR4.2bn (US$42m) compared to PKR2.1bn in the first nine months of the fiscal year, an increase of 105 per cent. Revenues increased by nine per cent YoY during the period due to higher price realisations while the cost of sales stayed relatively controlled mainly due to lower coal prices, and were up only one per cent YoY. This enabled the company to record a gross margin of 38 per cent compared to the 33 per cent recorded in the sam... |
DG Khan to buy stake in GS Cimento, Mozambique28 March 2013, Published under Cement NewsPakistan-based cement producer DG Khan Cement Company (DGKC) has signed a Memorandum of Understanding (MoU) to acquire a majority stake in an upcoming Mozambique cement producer. DG Khan has informed the Pakistan Stock Exchange that it has entered into a MoU with Sumaria Cement Holdings Ltd of Mauritius to acquire a 57.5 per cent shareholding In GS Cimento which is plans to construct a 0.55Mta cement plant in Mozambique. The total consideration for the deal is US$8.625m, which may be r... |