Cement News tagged under: Pakistan
Pakistan export pressures continue through FY14-1510 August 2015, Published under Cement NewsPakistan exported 7.682Mt and earned US$443.63m in FY14-15 (July 2014 - June 2015) compared to 8.81Mt at US$508.15m, according to data from the country's Bureau of Statistics. The data translates to a fall of 12.88 per cent and 12.77 per cent in terms of quantity and revenue, respectively. Statistics show that exports to Afghanistan were down by 21.4 per cent to 2.87Mt compared to 3.65Mt during FY13-14. A spokesman for the All Pakistan Cement Manufacturers Association attributed the d... |
Bestway Cement signs MoU with NUST Institute of Civil Engineering, Pakistan07 August 2015, Published under Cement NewsBestway Cement signed an MoU with NUST Institute of Civil Engineering on 27 July to promote the research and development of cutting-edge, innovative construction materials and building solutions in Pakistan. Present at the MoU signing were Irfan Sheikh, director of finance & CFO of Bestway Cement & Pakcem Ltd and Asif Shah, director of Administration and Marketing. Speaking on the occasion, Mr Sheikh expressed his delight at the collaboration and stressed the need for construction mater... |
Pakistan – preliminary figures: MoM sales down by a third03 August 2015, Published under Cement NewsPakistan cement sales fell by 33 per cent in the first month of FY15-16 to 2.19Mt, preliminary data from AHL Research shows. During July 2015, domestic demand dropped by 36 per cent MoM to 1.74Mt while exports were down by 17 per cent to 499,000t, data from the report published in the Tribune (Pakistan), revealed. On a regional basis, exports were down 27 per cent MoM but rose by six per cent in the southern region. The decline in sales is attributed to Ramadan as well as a reduction in... |
Pakistan International Bulk Terminal issues 20% stake to IFC28 July 2015, Published under Cement NewsThe Pakistan International Bulk Terminal Limited (PIBTL) has issued 189.653m shares, or 20 per cent, stakes to the International Finance Corporation (IFC) at INR10 (US$0.09)/share for its bulk terminal to handle coal, clinker and cement under construction on a build, operate and transfer (BOT) basis at Port Qasim, near Karachi, Pakistan. The project is expected to be completed in the end of 2016 at a cost of US$185m. Once completed PIBTL will have capacity for handling up to 12Mta of coal, ... |
Pakistan: Bestway Cement inaugurates two WHR power plants27 July 2015, Published under Cement NewsBestway Cement Ltd has announced the inauguration of 6MW and 7.5MW waste heat recovery (WHR) power plants at Hattar and Farooqia, district Haripur, respectively, in Pakistan's Khyber Pakhtunkhwa province at an estimated cost of PKR1.7bn (US$166.9m). Speaking at the opening ceremony, group chairman, Anwar Pervez, hailed the accomplishment as yet another milestone in the long series of achievements by Bestway since its entry in Pakistan. “It follows the company's successful acquisition of Laf... |
Pioneer Cement to install WHR plant, Pakistan24 July 2015, Published under Cement NewsPioneer Cement Ltd plans to install a 12MW waste heat recovery plant at its factory located at Chenki Village, District Khushab in the Punjab province of Pakistan. During the period ended on 31 March 2015, the company produced 736,510t of clinker, a decline of 12.4 per cent (or 104,668t) compared to the 841,178t produced in the corresponding period of last year. Capacity utilisation declined by seven per cent YoY to 49.2 per cent due to the availability of sufficient stock at the start of ... |
Thatta completes modernisation project, Pakistan17 July 2015, Published under Cement NewsThatta Cement on 13 July 2015 successfully started clinker production from its modernised plant situated in Thatta district, Sindh province, the company informed the Karachi Stock Exchange. Production had been suspended from 28 February 2015. The expansion project will lift capacity at the plant from 0.25Mta to 0.525Mta. In the first nine months of FY14, the company earned a net profit of PKR 241m compared to PKR195m in the corresponding period of the previous year. Sales during the n... |
FLSmidth to supply DG Khan new plant, Pakistan13 July 2015, Published under Cement NewsFLSmidth has signed a contract worth EUR57m with DG Khan Cement Company Ltd to supply engineering and equipment for a 8500tpd greenfield cement plant in Pakistan. The plant will be located in Hub in the province of Baluchistan approximately 30 km northwest of Karachi, Pakistan. DG Khan Cement Company Ltd is a major cement producer in Pakistan and part of the Nishat Group which is one of the largest conglomerates in the country. The first contract between DG Khan Cement Company Ltd and FLSmi... |
Pakistan closes FY14-15 with 3.5% sales rise08 July 2015, Published under Cement NewsPakistan cement sales increased by 3.5 per cent in FY14-15 as strong domestic construction and housing activity boosted dispatches, according to Topline Securities. Total sales during the year amounted to 35.4Mta, the Express Tribune reported yesterday. The rise is attributed to an "increase in the private sector expenditure on construction and housing," the newspaper quoted Topline Securities analyst Nabeel Khursheed as saying. Higher government infrastructure spending and improved securi... |
Pioneer Cement and CITIC sign agreement for WHR plant, Pakistan03 July 2015, Published under Cement NewsPioneer Cement has signed an agreement with CITIC Heavy Industries, China, to purchase a waste heat recovery (WHR) plant with a power generation capacity of 12MW. According to the company notice sent to the Karachi Stock Exchange (KSE) on Wednesday, the total estimated cost of the plant is PKR1.5bn (US$14.7m). Pioneer Cement's 2.03Mta plant is located at Chenki, District Khusshab, in the heart of Punjab province, 250km from Lahore. |