Cement News tagged under: Pakistan
Pakistan's cement dispatches expected to grow 12% in August31 August 2017, Published under Cement NewsProvisional figures released by a local research house indicate that Pakistan's cement dispatches in Augiust will see a growth of 12 per cent YoY. Total dispatches are expected to reach 4Mt for the month during the month amid low cement prices. Both the north and southern regions are expected to record growth of 15 and 26 per cent YoY, respectively during August 2017 on the back of higher demands from infrastructure activities. However, export dispatches from the north and south are for... |
Monthly advance in Pakistan export revenues30 August 2017, Published under Cement NewsPakistan's cement export revenue during July 2017 increased by 25.02 per cent compared to the previous month but declined by 0.94 per cent on YoY basis, according to data released by the country's Federal Bureau of Statistics. A breakdown of the figures reveals that the country exported 428,489t of cement with revenues of US$22.51m in July 2017 compared to 349,430t at US$18.01m in June, 2017. This translates into a rise of 22.63 and 25.02 per cent in volume and value terms, respectively. ... |
Kohat seeks environmental clearance for expansion project29 August 2017, Published under Cement NewsKohat Cement Company is seeking environmental clearance for the construction of 7800tpd in additional capacity at its plant in Kohat, northern Pakistan. The Environmental Protection Agency (EPA) of Khyber Pakhtunkhwa province has received the application from Kohat Cement, according to local sources. Comments in favour or against the environmental approval of the said project are invited to be submitted to the EPA's director general within a period of 30 days from the date of issuance of... |
Bestway and Cherat show good financial results24 August 2017, Published under Cement NewsBestway Cement Ltd has announced earning a profit of PKR13.29bn (US$126m) for the financial year ended 30 June 2017, against PKR11.88bn in corresponding period last year. This showed profits jumped by 12 per cent for the Pakistan-based cement producer. The company announced a final cash dividend of PKR3/share, which is in addition to interim dividend already paid at PKR9/share. Gross turnover stood at PKR71.44bn, increased from PK58.54bn of last year. The company incurred selling an... |
Fauji Cement's second line to reopen in October23 August 2017, Published under Cement NewsThe second production line of Fauji Cement Company Ltd (FCCL) in Pakistan is expected to restart from October this year, easing pressure on company revenues weighed down by the cost of clinker procurement, a brokerage reported on Tuesday. Production from Fauji Cement’s major unit, located in Punjab, was suspended in May 2016 after a silo collapse, rendering the 7200tpd (2.2Mta) clinker production line non-operational.The collapse of silo, containing 25,000t of raw materials, necessitated ... |
Thatta FY16-17 performance hit by higher costs23 August 2017, Published under Cement NewsPakistan producer Thatta Cement Co reported a 5.4 per cent decline in net profit to PKR614.43m (US$5.8m) for FY16-17. Net sales rose increased by 28 per cent YoY to PKR3.656bn versus PKR2.846bn a year earlier. However, the company incurred selling and distribution costs of PKR101.03m and administrative expenses of PKR148.31m, representing increases of 41 and 30 per cent, respectively. Thatta Cement is in the process of establishing a 5MW waste heat recovery plant at its 0.49Mta cemen... |
Government data indicates growth in Pakistan cement sector22 August 2017, Published under Cement NewsPakistan's large-scale manufacturing sector increased by 5.6 per cent during FY16-17 compared with the previous year, with government officials attributing this growth to progress achieved in a number of industries, including the cement sector. According to the country's Federal Bureau of Statistics, Pakistan's cement output increased by 4.48 per cent YoY to 37.02Mt . However, in the final month (June 2017) of fiscal year FY16-17, production declined by 11.16 per cent YoY to 2.6... |
Maple Leaf issues right share to finance expansion16 August 2017, Published under Cement NewsMaple Leaf Cement Factory Ltd will issue a right share to partially finance a 7300tpd clinker production line at Daud Khel in Iskanderabad, Mianwali, Pakistan. According to a statement to the Pakistan Stock Exchange, Maple Leaf's Board of Directors has recommended an issuance of 12.5 per cent right shares by offering 65,966,740 right shares to existing ordinary shareholders a price of PKR65/share (including a premium of PKR55/per share) in proportion of 12.50 right shares for every 100 ord... |
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, ... |
Pakistan achieves monthly sales high08 August 2017, Published under Cement NewsPakistan achieved record monthly sales in July, increasing by 44 per cent YoY to 3.382Mt during the month led by robust growth in domestic demand. Data from the All Pakistan Cement Manufacturers Association (APCMA) said local sales increased by 55 per cent YoY to 2.906Mt in July, while exports remained flat at 0.476Mt during the month. “The dispatch figures for July are most encouraging,” International News (Pakistan) quoted an APCMA’s spokesman as saying. “The industry has established... |