Cement News tagged under: Pakistan
Pakistan: Port Qasim PIBTL starts civil works28 November 2014, Published under Cement NewsCivil works have started on the bulk cement handling project at Port Qasim of Pakistan International Bulk Terminal Ltd (PIBTL). Earlier this year, PIBTL awarded the PKR12.5bn EPC contract to China Harbour Engineering Co Ltd (CHE). The technical specifications relating to the plant and the equipment were finalised and PIBTL has appointed a German consultant to procure the equipment, which is expected to be finalised in the coming year. PIBTL will be the country's first terminal to hand... |
Pakistan: Cherat Cement to construct new 1.3Mta plant28 November 2014, Published under Cement NewsCherat Cement will construct a new plant with a cement capacity of over 1.3Mta. The project will cost PKR12bn (US$118m) and take 30 months to deliver. The new works will take the company’s overall production capacity up to 2.4Mta. Executive director at Cherat Cement, Abid A Vazir, explained that the facility is being built due to the increase in domestic demand, and is also expected to further increase the company’s market share and profitability. Highlighting financial performance, Yas... |
Pakistan records 4% drop in cement exports25 November 2014, Published under Cement NewsIn the first four months of FY14/15, Pakistan’s cement producers and exporters exported 3.116Mt of cement, down 3.8 per cent YoY. The total value of the shipments fell by three per cent from US$189.77m to US$184m. While volumes were down the average export price of cement rose by 0.58 per cent to US$58.57/t in 4MFY14/15 from US$59.04/t in 4MFY13/14, according to Pakistan’s Federal Bureau of Statistics. The MoM data also show a negative trend as the country exported 687,174t of cement a... |
Pakistan sales up 8.87% in first four months of FY14-1510 November 2014, Published under Cement NewsPakistan cement sales increased by 8.87 per cent to 8.197Mt during the first four months of the current fiscal year, latest data by All Pakistan Cement Manufacturers Association (APCMA) shows. In July-October, exports of cement decreased 4.43 per cent to 2.79Mt over the same period last fiscal year. Cement factories in the North Zone dispatched 6.872Mt during the July-October period, up 10.4 per cent YoY. Exports from the north, however, declined by 12.3 per cent to 1.742Mt. Cement fac... |
Pakistan exports continue to fall in first quarter05 November 2014, Published under Cement NewsPakistan cement exports continued to fall in the first quarter of FY14-15, largely due to declining shipments to its biggest market of Afghanistan. Export volumes in the July-September 2014 period fell by 3.85 per cent to 2.436Mt while revenues were down 3.22 per cent to US$ 142.77m. In terms of the Pakistan rupee, revenues also showed a 5.38 per cent drop to PKR14.36bn. On a slightly more positive note, the average export price of cement inched ahead by 0.58 per cent YoY to US$58.59/t.... |
Lafarge03 November 2014, Published under Cement NewsLafarge WAPCO Cement Nigeria, one of Lafarge's two main subsidiaries in Nigeria, has reported a 6.3 per cent increase in turnover to NGN74.27bn (US$492m) for the first nine months of 2013, giving rise to a pretax profit of NGN20.66bn. In the third quarter, the pretax profit jumped by some 65 per cent, though turnover was just five per cent ahead, as the three-week maintenance period that was taken in the comparative period last year and led to the import of clinker, did not re-occur this ti... |
Pakistan: Lucky Cement first-quarter profit up 4.8%31 October 2014, Published under Cement NewsLucky Cement Ltd, Pakistan’s leading cement producer, saw a 4.8 per cent rise in net profit for the first quarter of the current Pakistan fiscal to PKR2.669bn (US$26m). Earnings per share (EPS) during the July-September 2014 period increased to PKR8.25 against PKR7.87 in the corresponding period last year. Gross profit increased by 5.9 per cent during the quarter as its net sales revenue improved by 12.2 per cent to PKR10.470bn against PKR9.332bn of the corresponding period last year. Loca... |
Fauji Cement first-quarter profit edges ahead29 October 2014, Published under Cement NewsPakistan-based producer Fauji Cement on Tuesday announced a net profit of PKR602m (US$5.8m) during the first quarter (Jul-Sep) of the current fiscal, up three per cent YoY. Earnings per share increased to PKR0.45 from an EPS of PKR0.44 during the period under review. Earnings surged by 50 per cent QoQ because of the absence of a preferred dividend, which was recorded at PKR273m during the fourth quarter of FY14 and a lower tax rate of 32 per cent (versus 54 per cent in 4QFY14). Revenue... |
Kohat Cement 1QFY15 net profit up 11% YoY28 October 2014, Published under Cement NewsPakistan-based producer Kohat Cement posted a net profit of PKR683m (US$6.6m) in the three months to the end of September 2014, up 11 per cent YoY. The company attributed the higher earnings to better income on cash placements and lower financial charges, Sherman Securities reported on Monday. During the first quarter of FY15, sales revenue increased by 11 per cent to PKR2.9bn amid higher cement prices and slight increase in volumes which were up by five per cent YoY. On the other h... |
Pakistani cement industry weak due to lack of innovation24 October 2014, Published under Cement NewsPakistan is lagging behind in introducing different types of cement for use in different projects. Most construction requirements are met by ordinary Portland cement (OPC). This puts the industry at a disadvantage in the international market, says Pakistan’s Technology Upgradation and Skill Development Company (Tusdec). “The construction sector is expanding and there is dire need to introduce new cement qualities in Pakistan for better efficiency and cost reduction,” said Nabeel Asghar, Tu... |