Cement News tagged under: Pakistan
Pakistan: capacity utilisation tops 90% in December 201602 February 2017, Published under Cement NewsAccording to figures released by the All Pakistan Cement Manufacturers Association (APCMA), cement sales in December 2016 reached 3.56Mt, with capacity utilisation running at 90.9 per cent, the Nation newspaper reports. The first six months of Pakistan’s 2017 fiscal year, which began in June 2016, has seen local cement consumption rise by 11.1 per cent on the same period in 2015. Declining export sales have been more than matched by rising local demand, with the result that total shipm... |
Pakistan: Attock Cement net profit of US$13.1m30 January 2017, Published under Cement NewsAttock Cement Ltd has announced a net profit of PKR1.378bn (US$13.1m), translating into the earnings/share (EPS) of PKR12.03 for the half-year ended 31 December 2016, which is 19 per cent higher than the profits of PKR1.152bn, and the EPS of PKR10.07 announced during the same period of the last year. The surge in profitability can be attributed to higher sales, which stood at PKR7.228bn for the period under review as compared to the sales of PKR6.396bn during the same period of the last ye... |
Lucky Cement sees half-year profits rise 12.5% to US$67m27 January 2017, Published under Cement NewsLucky Cement has announced that its profits rose by 12.5 per cent YoY in the last six months of 2016 to PKR7bn (US$67m). In a statement to the Pakistan Stock Exchange, Lucky revealed that it had sold 3.5Mt of cement and 235,000t of clinker during the first six months of FY17. Cement sales improved over the previous year by 5.4 per cent, while no clinker sales at all took place in the corresponding period in FY16. Cement production also rose to 3.5Mt, up six per cent on FY16, while clin... |
Pakistan exports of cement show dismal figure in 6MFY2016-1726 January 2017, Published under Cement NewsPakistan cement exporters have earned revenues of US$16.36m on exports of 309,868t cement in December 2016, compared to US$23.68m on 455,720t of exports in the previous month. These figures represent a MoM decline in dollar value and volumes of 32 and 30 per cent, respectively. However, when compared with December 2015 (434,967t with a value of US$22.89m), volumes decreased by 28.76 per cent and the value was down by 28.50 per cent, according to the country's Federal Bureau of Statist... |
Pakistan: construction of US$245m Haripur cement plant gets go-ahead25 January 2017, Published under Cement NewsThe chief minister of Khyber Pakhtunkhwa, Pervez Khattak, has approved plans to invest US$245m in the construction of a cement plant in Haripur, The Dawn reports. The moves comes as part of a wider package of measures intended to support projects relating to the China-Pakistan economic corridor. At this point, no further details concerning the size of the plant or the operator have been released. Other projects which received funding at the same time are to be offered to Chinese firms ... |
Pakistan: APCMA calls for reduced taxes on domestic cement25 January 2017, Published under Cement NewsAll Pakistan Cement Manufacturers Association (APCMA) has asked the government to support the industry by placing anti-dumping duty on the Iranian cement and reducing taxes to make the cement more affordable for consumers, increasing the commodity's demand and the need for more capacity. The APCMA spokesperson said on Saturday that the domestic industry needed government’s support. He was of the view that in the current scenario, the suggestion given by some people that the import duty b... |
Pakistan: Cherat plans third production line24 January 2017, Published under Cement NewsPakistan cement producer Cherat Cement Company has disclosed that it will undertake another expansion of some 2.34Mta (7100tpd) at its existing site of Nowshera, Khyber-Pakhtunkhwa, in north of the country. Azam Faruque, Cherat Cement's CEO has informed Pakistan Stock Exchange (PSX) that it would take its total cement capacity to around 4.64Mta. The Board of Directors has authorised the company's management to finalise terms and conditions for the procurement and supply of equipment ... |
Pakistan: Arif Habib Group to invest PKR25bn in new plant20 January 2017, Published under Cement NewsArif Habib Group has said that it is going to invest PKR25bn (US$238.5m) in a new cement plant to be completed in the next two years, to be operated by its subsidiary Power Cement. The new plant will take the installed capacity of Power Cement to 3.37Mta from its current capacity of just 0.9Mta. Owing to energy shortages, Pakistan’s GDP is not growing at the pace it should. However, Power Cement Chairman, Nasim Beg, stated that he believed the China-Pakistan Economic Corridor (CPEC) will ... |
Pakistan: Pioneer Cement inaugurates WHR unit at Chenki plant20 January 2017, Published under Cement NewsPioneer Cement has marked the formal coming into operation of the new waste heat recovery plant at its Chenki plant by celebrating the firm’s environmental credentials. Writing in the Business Recorder, Pioneer notes that the facility’s conversion to coal has increased emissions, but that this has been countered by greater efficiency. “I take this opportunity to convey my appreciation and gratitude to the entire Project team for their untiring efforts in completion of project in record... |
Maple Leaf Cement to raise cement capacity20 January 2017, Published under Cement NewsMaple Leaf Cement Factory Ltd (MLCF) was in the news this week when FLSmidth announced it had secured an EPC contract for a new 7300tpd third line at Daud Khel in Iskanderabad, Mianwali, Pakistan, which will be completed before the end of 2018. The brownfield project is an expansion that is estimated to cost PKR20bn (US$190.8m) and will take grey cement capacity at the factory up to 18,000tpd, the equivalent of around 5.9Mta. Started in 1956, MLCF was established in northern Pakistan as ... |