Cement News tagged under: Pakistan
DG Khan eyes new Pakistan plant construction20 February 2015, Published under Cement NewsDG Khan plans to build a US$300m near Karachi as economic growth boosts cement demand in Pakistan. “There will be a shortage domestically in three years if there is 10 per cent growth in demand each year,” Inayat Ullah Niazi, CEO of DG Khan, told Bloomberg in an interview. The new plant near Hub, a city west of Karachi will produce about 2-2.5Mta of cement, Niazi said. Construction is slated for completion in late 2018. Some 40 per cent of the project will be financed through internal... |
Fauji Cement first half profit rises by a third18 February 2015, Published under Cement NewsPakistan producer Fauji Cement reported a 33 per cent rise in first-half profit of PKR1.67bn (US$16.4m) compared to PKR1.25bn a year earlier. Earnings surged 77 per cent QoQ to PKR1.06bn or an EPS of Rs0.80 during 2QFY14-15 because of the increase in margins and lower finance cost. Revenues increased nine per cent YoY to PKR8.99bn during the first half due to and increase in sales volumes to 1.24Mt and a higher proportion of domestic sales (82 per cent compared to 80 per cent a year earlie... |
Thatta Cement 1H net profit surges 51% YoY16 February 2015, Published under Cement NewsPakistan-based producer Thatta Cement posted a 51 per cent jump in net profit to PKR139m (US$1.2m) in the first half of the current Pakistan fiscal. Earnings per share improved by PKR1.34 compared to PKR0.89 in the same period of the previous year. However, second quarter profit declined 23 per cent to PKR48m compared to PKR62.5m in 2QFY13-14. Thatta Cement operates a 0.45Mta cement works situated about 115km from Karachi which serves the southern region of the country. |
Pakistan dispatches rise 9.5% in first seven months05 February 2015, Published under Cement NewsPakistan cement dispatches over the first seven months of the current fiscal increased by 6.18 per cent to 20.22Mt compared with 18.86Mt in the same period of the previous year, boosted by local sales. "The most pleasant aspect of this growth is that it is led by domestic consumption which increased by 9.45 per cent during this period" a spokesperson for the All Pakistan Cement Manufacturers Association (APCMA) said. Dispatches from the north rose by 10.63 per cent to 12.95Mt versus 11... |
Pakistan: Attock Cement sees 24% increase in quarterly profit29 January 2015, Published under Cement NewsAttock Cement reported a 24 per cent rise in profit during 2QFY14-15 of PKR554m (US$5.5m) compared to PKR449m in the same period of last year. First-half profit increased 15 per cent to PKR1025m against PKR871m in 1HFY13-14, the Pakistan-based producer reported. Net sales rose to PKR3193m in 2QFY15 compared to PKR3045m in 2QFY14, up by five per cent. First half sales rose seven per cent to PKR 6369m Gross margins also improved markedly by 33.04 per cent compared to 27.46 per cent dur... |
Lucky Cement gets go-ahead for coal power plant investment14 January 2015, Published under Cement NewsLucky Cement Ltd's Board of Directors has approved the investment of around PKR27bn (US$268.4m) to set up a 660MW coal-based power plant in Karachi, Pakistan. Under the name of Lucky Electric Power Co Ltd (LEPCL) the power plant will be wholly-owned by Lucky Cement and will be financed with a debt/ equity ratio of 75:25. The announcement comes shortly after fellow-Pakistan producer Attock Cement Ltd signed an Memorandum of Understanding with K-Electric to establish a coal-fired plant fo... |
Pakistan: Attock Cement signs agreement for coal-fired plant06 January 2015, Published under Cement NewsAttock Cement Ltd and K-Electric have agreed to establish a 40MW coal-fired plant, enough to power the cement producer’s Pakistan-based plant while surplus electricity will be sold back to the grid. “Attock Cement has signed Memorandum of Understanding (MoU) with K-Electric for the installation of 40MW coal fired plant at its factory in Hub, Balochistan for its own utilisation and sell surplus power to K-Electric at a mutually agreed term and condition,” the cement manufacturer said in a b... |
Pakistan: cement exports and dispatches rise02 January 2015, Published under Cement NewsCement exports from Pakistan increased 1.9 per cent during first five months (July-November) of the current fiscal year, compared to the corresponding period of last year. Exports during the period under review were recorded at US$229.8m compared to the exports of US$225.6m in July-November 2013, according to the latest data of Pakistan Bureau of Statistics (PBS). On YoY and MoM basis, the cement exports in November 2014 also surged by 28.06 per cent and 25.7 per cent against November 2013... |
Pakistan producers bring prices down18 December 2014, Published under Cement NewsPakistan cement producers have reduced prices by PKR5-23/bag, passing on the cut in the prices of petroleum products and coal, according to a recent market survey. Bestway Cement reduced the price to PKR492 from PKR502/bag (US$5), Dewan Cement to PKR490 from PKR510/bag, Cherat Cement to PKR495 and Lucky Cement slashed the price to PKR497 from PKR520/bag, according to a report by local press. The wholesale price of a cement bag has declined to PKR472 and PKR480 in Khyber Pakhtunkhwa and ... |
Pakistan monthly sales up 11% YoY08 December 2014, Published under Cement NewsPakistan’s cement dispatches rose by 11 per cent YoY in November 2014 to 3Mt largely thanks to higher domestic demand and exports from the northern region. According to the All Pakistan Cement Manufacturers Association (APCMA), consumption in the north rose by 13 per cent YoY whereas in the south the increase was just two per cent. Exports during the month improved by 10 per cent YoY, driven by a 14 per cent rise in dispatches from northern-based plants. This came as welcome news as d... |