Cement News tagged under: Pakistan
Pakistan: exports continue to decline in 8MFY16-1723 March 2017, Published under Cement NewsPakistan cement exporters have earned revenues of US$12.24m on exports of 229,819t cement in February 2017, compared to US$22.268m on 411,257t of exports in the previous month. These figures represent a MoM decline in dollar value and volumes of 45 percent and 44.1 per cent, respectively. However, when compared with February 2016 (519,733t with a value of US$28.131m), volumes slipped by 56.5 per cent and the value was down by 55.8 per cent, according to the country's Federal Bureau of Stati... |
Pakistan: Flying Cement to double capacity14 March 2017, Published under Cement NewsFlying Cement Company Ltd (FCCL) has informed the Pakistan Stock Exchange (PSX) that it has signed an agreement with a Chinese company for the procurement of plant and machinery to be installed at the cement producer's existing plant site in Mangowal, Khushab district, Punjab province. The new equipment will upgrade the works' current cement capacity of 2000tpd to 4000tpd. The financial results of the FCCL for the half year ended 31 December 2016 shows that the sales fell from PKR1223m (... |
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... |
Pakistan: domestic demand up in February07 March 2017, Published under Cement NewsTotal cement sales in Pakistan in February 2017 were 3.435Mt, down by 0.41 per cent from 3.449Mt during the corresponding month of last year, according to the All Pakistan Cement Manufacturers Association (APCMA). Domestic cement sales reached 3.181Mt, up 6.7 per cent YoY. While domestic sales rebounded in February, exports saw a 45 per cent drop. Exports reached 0.254Mt, representing a 45.7 per cent fall when compared with February 2016. On cumulative basis, during the first eight mont... |
Pakistan: export revenue rise MoM but fall YoY06 March 2017, Published under Cement NewsPakistan cement exporters earned revenues of US$22.26m on exports of 411,257t cement in January 2017, compared to US$16.36m on 309,868t of exports in the previous month. These figures represent a MoM surge in dollar value and volumes of 36.05 per cent and 32.72 per cent, respectively. When compared annually with January 2016 (393,994t with a value of US$21.10m), volumes rose by 4.38 per cent and the value by 5.51 per cent, according to the country's Federal Bureau of Statistics. Howe... |
Pakistan: Bestway Cement awards Sinoma brownfield project02 March 2017, Published under Cement NewsBestway Cement Ltd informed the Pakistan Stock Exchange that it will set up a brownfield cement plant with a capacity of 6000tpd clinker at its Farooqia site in District Haripur, Khyber Pakhtunkhwa, in northern Pakistan. According to Sehar Hussain, secretary and general counsel of the company, Bestway Cement signed an agreement with Sinoma International Engineering Co Ltd on 1 March 2017. According to the APCMA, Bestway Cement’s four plants have a combined capacity of 7.9Mta. |
Pakistan's cement industry performance sees profitability soar during 1HF1728 February 2017, Published under Cement NewsPakistan's cement industry performed well during 1HFY17, report local analysts. The industry's profitability soared by 12 per cent YoY to PKR29bn (US$276m), as compared to PKR26bn recorded in the corresponding period last year. E xperts attribute the increase in profitability to higher dispatches, improved gross margins to 43 from 42 per cent and lower financial costs (-44 per cent YoY). According to Spectrum Securities (Private) Ltd, total dispatches for the same period amplified due to... |
Pakistan: Power Cement reports 20% fall in profit after tax27 February 2017, Published under Cement NewsPakistan’s Power Cement Ltd reported a decline of 20 per cent in its profit after tax to PKR242m in 1HFY17. The company’s sales rose 25 per cent to PKR2.06bn during this period against PKR1.64bn in the equivalent period of the previous year, according to the firm’s filing with the Pakistan Stock Exchange. The company incurred a distribution cost of PKR54m and administrative expenses of PKR31m in 1HFY17, up from PKR47m and PKR28m, respectively, in 1FYH16. Power Cement operates a 0.945M... |
Pakistan: FWO seeks approval for new plant in Khyber Pakhtunkhwa24 February 2017, Published under Cement NewsAccording to reports in the Daily Times, the Frontier Works Organization (FWO) is seeking approval from the Pakistani government to establish a new plant in the Haripur area of Khyber Pakhtunkhwa. Details of the proposal are scant, but the FWO is understood to have met with representatives of the provincial government to discuss the plan. The latter told local media that they welcomed the proposed investment as part of the wider work on the China-Pakistan Economic Corridor. The FWO is ... |
Pakistan: Kohat Cement earnings up 4% YoY23 February 2017, Published under Cement NewsKohat Cement reported earnings of PKR2.2bn (US$20.98m) in 1HFY17 compared to PKR2.1bn reported in the same period last year, up four per cent YoY. The result accompanied a second interim cash dividend of PKR8/share, taking cumulative 1HFY17 payout to PKR12/share. The company's total sale of cement stood at 1.06Mt compared to 1.03Mt in the first six months of the last financial year. Kohat's domestic sales of cement reached 988,159t and exports amounted to 81,271t during this period. ... |