Cement News tagged under: Lucky Cement
Cement prices rise in Pakistan04 June 2018, Published under Cement NewsPrices of cement in Pakistan are expected to rise following an increase to the Federal Excise Duty (FED) to PKR1.50/kg (U$0.012) from PKR1.25/kg , in the Federal Budget 2018-19 (July 2018-June 2019). Experts expect local cement producers to pass on the extra government levy to end users. Last week Attock Cement Pakistan Ltd (ACPL) and Lucky Cement announced increases in their cement prices, respectively. The maximum retail price for ordinary Portland cement varies between PKR600-620/bag ... |
Pakistan has eight brownfield cement projects underway29 May 2018, Published under Cement NewsThe eight brownfield cement projects with a total capacity of 18.8Mta are at various stages of completion and scheduled to be commissioned between June 2019 and June 2020 at an estimated cost of over PKR159bn (US$1.37bn) in Pakistan, according to a research house report. So far, all the projects have completed, on average, at least 46 per cent of their construction. China-based Sinoma is currently building a 1.9Mta plant for Bestway Cement at a cost of PKR18.9bn and about 55 per cen... |
Lucky Cement to establish 1.2Mta Samawah grinding plant27 April 2018, Published under Cement NewsLucky Cement Ltd of Pakistan is planning to set up greenfield clinker production facility in southeast of Baghdad, Iraq, according to Irfan Chawala, the ompany's CFO in information sent to Pakistan Stock Exchange (PSX). Lucky Cement plans to set up a 1.2Mta clinker line in Samawah as a step to becoming self-sufficient in terms of clinker production in the country.The US$109m project will be carried out as a joint venture with an existing local partner and is subject to all regulatory and s... |
Export of clinker from Pakistan on the rise20 April 2018, Published under Cement NewsThe Pakistan cement industry experts predict a greater clinker export potential for export since excess capacities in China have been curtailed substantially over environmental concerns, while demand from Bangladesh and other countries are also growing. India and Vietnam as well as east Africa (and particularly Uganda and Tanzania) remain viable export destinations for Pakistani cement producers, said Irfan Chawala, finance director and CFO at Lucky Cement Ltd and Irfan Amanullah, general ma... |
Lucky recognised for commitment to sustainable development10 August 2017, Published under Cement NewsPakistan producer Lucky Cement has been awarded Environment Excellence Award at the 14th Annual Environment Excellence Awards 2017, organised by the National Forum of Environment and Health (NFEH). Lucky Cement received the award in recognition of its commitment towards sustainable development and contribution towards protecting the overall environment for a greener Pakistan, it added. Commenting on the award, Amin Ganny, chief operating officer of Lucky Cement, said: “At Lucky Cement, ... |
Lucky Cement updates on operations at home and away04 August 2017, Published under Cement NewsLucky Cement has provided an update on operations in the Democratic Republic of Congo, as well as capacity expansion plans in Iraq and Pakistan, during a corporate briefing organised by Elixir Securities (Pakistan) earlier this week. Stabilising market dynamics in the DR of Congo have resulted in Lucky Cement witnessing healthy growth from its operations in the central African country. As a result, the utilisation rate is expected to improve. However cement prices (currently hovering aroun... |
Lucky Cement FY17 profit rises 5.78%01 August 2017, Published under Cement NewsLucky Cement has reported a 5.78 per cent YoY increase in full-year profit of PKR13.69bn (US$129.8m) versus PKR12.94bn in FY16, the company informed the Pakistan Stock Exchange. Gross sales increased to PKR61.6bn during FY17 from PKR 55.92bn in the previous year. The company said it incurred distribution costs of PKR1.703bn and administrative expenses of PKR1.021bn versus PKR2.01bn and PKR1.10bn incurred, respectively in FY16. Sales volumes rose by 3.1 per cent YoY to 7.15Mt. While its... |
Iraq and Pakistan discuss co-operation for cement industry13 April 2017, Published under Cement NewsIraq and Pakistan have discussed close mutual cooperation in the areas of cement, trade and commerce. While meeting Shamim Ahmed Firpo, president of the Karachi Chamber of Commerce and Industry (KCCI) on 12 April, Ambassador of Iraq in Pakistan, Dr Ali Yasin Mohammed Karim, said that some factories including 18 cement plants were available in Iraq, but they were not working properly as compared to Pakistan’s advanced industrial units and infrastructure. "As factories in Iraq need imp... |
Pakistan: Lucky Cement inaugurates WHR plant14 March 2017, Published under Cement NewsLucky Cement has inaugurated its 10MW fifth Waste Heat Recovery (WHR) power plant in Pezu, Khyber Pakhtunkhwa, Pakistan, on 15 February 2017. The fifth power plant, in collaboration with China-based Sinoma Energy Conservation Ltd became operational last month. Under this project, two 2400tpd cement production lines were used, which will provide sufficient heat for an installed power of 10MW. Speaking of the occasion, Mr Muhammad Ali Tabba, CEO Lucky Cement Ltd, said, "We, being one... |
Pakistan: capacity expansion projects reach 27.3Mta09 March 2017, Published under Cement NewsPakistani cement producers have been announcing capacity expansions at a breakneck pace of late, reports the Business Recorder, which calculates that if all of these are completed the country’s nominal cement production capability will rise by 62 per cent to 72Mta. The Business Recorder also notes that the rise in capacity is broad-based, with all but the smallest of firms increasing their production potential. While the three largest producers – Bestway, Lucky and DG Khan – will remai... |