Cement News tagged under: Pakistan
FECTO Cement lease extended, Pakistan04 September 2012, Published under Cement NewsFECTO Cement has obtained another 30 years’ extension to its lease. The lease agreement has been controversial since it was granted to the cement factory by former dictator, General Zia-ul-Haq. According to sources in the Capital Development Authority, the cement factory falls in a National Park Area consisting of the Margalla Hills, the Rawal Dam, and the adjoining green areas. The factory has also been causing concern due to alleged erosion of land and environmental pollution resulting in ... |
Cherat Cement full-year net profit jumps, Pakistan28 August 2012, Published under Cement NewsPakistan-based producer Cherat Cement posted a rise in net profit to PKR436.8m for the fiscal year ended 30 June 2012 (FY12) from PKR68.851m, according to reports in the Pakistan Observer. Earnings per share rose to PKR4.57 in the period compared to PKR0.72. Turnover rose to PKR5.45bn in FY12 compared to PKR4.24bn in FY11 while the cost of sales increased to PKR4.30bn against PKR3.68bn. Pre-tax profit rose to PKR571.62m compared to PKR55.2m a year earlier. Cherat Cement supplies the North ... |
Pakistan cement industry earns US$46m from exports in July 201224 August 2012, Published under Cement NewsPakistan's cement manufacturers and exporters exported 545,125t of cement and earned US$46.197m in the first month of current FY12-13, ie July 2012, compared to 612,500t at US$52.064m in June 2012. This reflects a fall of 11 per cent and 11.27 per cent in terms of quantity and value in dollar, respectively, on a MoM basis, according to data released by the government’s Federal Bureau of Statistics. Furthermore, if compared with July 2011 data of 740,592t cement at a value of US$39.074m... |
Pakistan loses Afghan cement market share to Iran20 August 2012, Published under Cement NewsThe declining trend of cement exports continues to worry Pakistani manufacturers as cement exports to Afghanistan have plummeted by 10 per cent annually, owing to availability of cheaper Iranian cement there. The industry said that the energy crisis and constant hike in petroleum products have made its product uncompetitive even in the neighbouring country, the main purchaser of cement from Pakistan. Industry sources said that historically US sanctions on Iran have been an impediment for... |
Lucky Cement domestic sales boost full-year profit, Pakistan16 August 2012, Published under Cement NewsLucky Cement reported a 71 per cent rise in full year net profit as domestic sales offset a decline in exports. Net income was PKR6.78bn (US$71.8m) in the 12 months ended 30 June with a PKR3.97bn (US$623.5m) a year earlier, the Karachi-based company said in a filing to the stock exchange. Revenue rose 23 per cent to PKR39.1bn while sales were three per cent higher at 5.97Mt. Domestic sales rose seven per cent while exports were down 4.7 per cent to 2.25Mt, the company said. A total ... |
Pakistan government urged to facilitate exports09 August 2012, Published under Cement NewsThe Islamabad Chamber of Commerce and Industry (ICCI) has said that Non-Tariff Barriers (NTB) are hampering cement exports and has urged the government to explore new markets for the growth of the industry in the country. Speaking to the Nation, ICCI president Yasir Sakhi Butt, said: “The local cement industry needs attention as its growth is considered a major indicator of economic activity," with regard to decreasing exports. He believes that new export destinations should be explored and... |
Pakistan July dispatches decline07 August 2012, Published under Cement NewsPakistan dispatches in the first month of the current fiscal saw a decline of 1.64 per cent compared to July 2011, according to data from the All Pakistan Cement Manufacturers Association (APCMA). Domestic dispatches were down by 1.47 per cent in July 2011 to 2.05Mt compared to 2.02Mt in 2011. However, the decline in exports was steeper at 9.23 per cent to 755,010t from 831,785t in July 2011. Exports to Afghanistan dropped by 10.37 per cent to 455,897t while exports to India were down ... |
Eight Pakistan factories issued with environmental notices06 August 2012, Published under Cement NewsThe Environment Protection Department (EPD) has issued notices to eight cement factories across the Punjab over the last week for failing to install devices to mitigate dust pollution levels. The notices were issued under Section 12 and Section 16 of the Punjab Environment Protection Act 2012. The notices were issued after a month-long survey, initiated after three cement factories in Chakwal – DG Khan Cements, Bestway Cements and Pakistan Cements – were found not using the electrostatic p... |
Lucky Cement-led consortium acquires ICI Pakistan01 August 2012, Published under Cement NewsLucky Cement, in consortium with other Yunus Brothers Group (YBG) entities, has acquired a 75.81 per cent shareholding in chemical producer ICI Pakistan from Omicron BV, a 100 per cent owned subsidiary of AkzoNobel NV of The Netherlands. The Share Purchase Agreement was signed in Amsterdam on 27 June 2012 after the close of stock markets. The bid value of this acquisition is US$152.2m. Lucky Cement Limited – the flagship company of Yunus Brothers Group lead the consortium with 50 per c... |
Lafarge South Africa import concerns30 July 2012, Published under Cement NewsLafarge South Africa unit may ask country’s the International Trade Administration Commission to protect the market from alleged low quality imports from Pakistan, Business Day reported, citing Lafarge South Africa Chief Executive Officer Thierry Legrand. The company is concerned that the cement, which it says is of low-quality is being used for building projects in South Africa, the Johannesburg-based newspaper said. Some importers are labeling cement as flour to avoid quality tests, ... |