Cement News tagged under: Pakistan
Pakistan: Pioneer Cement starts its WHR plant in Punjab province19 December 2016, Published under Cement NewsPioneer Cement Ltd has informed Pakistan Stock Exchange (PSX) that its 12MW Waste Heat Recovery power plant (WHRPP) has started operations on from 15 December at Jouharabad, Khushab district, in central Punjab province. It will impact positively on the financial results of the company in the years to come. The company is also in the final stages of selecting a of supplier for installation of a new production line having capacity of 7000tpd clinker at the existing site. The negotiations a... |
Pakistan: Fecto Cement joins race for Dewan assets14 December 2016, Published under Cement NewsFecto Cement has announced that it intends to enter a bid for Dewan Cement’s North plant, a 1.134Mta facility located in Hattar. Earlier this month, Lucky Cement indicated that it would put in a bid for the Hattar plant, while The News reports that a Chinese firm is also in the process of carrying out a due diligence investigation. In a trading update released to the Pakistan Stock Exchange, Fecto Cement said that sales revenues for the first quarter of FY2017 were up by 16.3 per cent to ... |
Pakistan: Lucky Cement considers buying Hattar plant and investing in Iraq09 December 2016, Published under Cement NewsLucky Cement has announced that it has begun the due diligence process for the purchase of Dewan Cement’s 1.134Mta Hattar plant and that separately it would look to expand its grinding plant in Basra, Iraq, according to Pakistan’s The News. Lucky’s corporate strategy calls for an expansion of its business into northern Pakistan, for which the Hattar plant – located around 25km from Islamabad – is well suited. The Basra plant, which Lucky holds as a joint-venture with an Iraqi partner, ... |
Pakistan: FCCL calls board meeting to approve waste heat project07 December 2016, Published under Cement NewsFauji Cement Company Ltd (FCCL) has informed the Pakistan Stock Exchange that a special Board of Directors of the company will be held on 9 December 2016 to discuss and approve the waste heat recovery power plant (WHRPP) for Line 1, and Wärtsilä's captive power plant at Jhang Bahtar, district Attock, Pakistan. FCCL plans to install 9MW WHRPP at its 3700tpd cement plant and a 16MW Wärtsilä power plant. |
Pakistan: 98% capacity utilisation rate achieved06 December 2016, Published under Cement NewsThe Pakistan cement industry has achieved its highest-ever capacity utilisation rate at 98.61 per cent, dispatching 3.749Mt of cement in November 2016. This is up on the 3.377Mt registered in November 2015. Domestic consumption for the month in question reached 3.27Mt compared with 2.843Mt a year prior. However, exports have experienced a decline, falling 10.39 per cent YoY to 0.478Mt in November from 0.533Mt last year. According to data released by the All Pakistan Cement Manufacturers A... |
Pakistan: cement producers see profits of 12% 1QFY16/1730 November 2016, Published under Cement NewsPakistan's cement manufacturers posted 12 per cent growth in their profits during the first quarter of the current fiscal year of 2016/17 on high sales and low financial cost, acocording to a Topline Securities research report. An analysis of 15 out of a total of 19 listed manufacturers, representing 95 per cent of cement companies’ market capitalisation, the profitability of the sector grew to PKR13.6bn (US$127.9m) during the quarter. Analysts attribute this boost to a 10 per cent YoY inc... |
Pakistan: Dewan Cement to sell its North cement plant28 November 2016, Published under Cement NewsDewan Cement Ltd has appointed Next Capital Ltd as the financial advisor for sale of its North cement plant, Kamilpur, near Hattar in Khyber Pakhtunkhwa, Pakistan. Next Capital Ltd will explore the possibility of sale of the North plant which has a production capacity of 3800tpd. The Board announced that this plant sale would be run in parallel with the potential sale of 51 per cent of the shares of the company held by Dewan Muhammad Yousuf Farooqui and his associates. |
Pakistan: exports to Afghanistan decline28 November 2016, Published under Cement NewsCement exports to Afghanistan declined 23.4 per cent YoY in October 2016, falling from 0.252Mt to 0.193Mt. Meanwhile, exports to India registered a 27 per cent YoY growth from 0.086Mt in October 2015 to 0.110Mt in October 2016. Exports to India mainly travel the Wahga border and the southern coast of India. The All Pakistan Cement Manufacturers Association (APCMA) expressed its concern regarding an 11.74 per cent drop in exports to Afghanistan in the first four months of its current fisca... |
Pakistan: gas price reduction to benefit cement manufacturers28 November 2016, Published under Cement NewsThe Federal Minister for Finance, Senator Mohammed Ishaq Dar, approved a gas price reduction at a meeting of the Economic Coordination Committee (ECC). The decision will see prices fall from PKR600 to PKR400/mBTU. Lucky Cement, DG Khan Cement and Maple Leaf Cement, each of which operate captive gas-fired power facilities, are set to benefit from the decision with the impact on profitability estimated at 4.1 per cent, 1.6 per cent and 1.2 per cent, respectively. |
Pakistan: cement industry export revenue falls in 4MFY16-1724 November 2016, Published under Cement NewsPakistan cement manufacturers earned revenues of US$28.3m on 543,674t of cement exports in October 2016, compared to US$24.52m on 476,170t of exports in the previous month. These figures represent a MoM rise in dollar value and volumes of 15.42t and 14.18 per cent, respectively. However, when compared with October 2015 (544,797t with a value of US$29.72m), volumes slipped by 4.78 per cent and the value was down by 0.2 per cent, according to the country's Federal Bureau of Statistics. I... |