Cement News tagged under: Pakistan
Cherat Cement Co sells its hydropower project's feasibility15 July 2022, Published under Cement NewsDirector and Chief Operating Officer of Cherat Cement Co Ltd (CHCC), Yasir Masood, informed the Pakistan Stock Exchange (PSX) on 14 July that Madian Hydro Power Ltd (MHPL) has entered into an agreement with Pakhtunkhwa Energy Development Organization (PEDO) of the KPK government for sale of the feasibility study of Madian, a 148MW hydro power project for total consideration of PKR160m (US$762,485) and has also received the sale consideration. CHCC, owned by Pakistan's Ghulam Faruque ... |
Kohat Cement plans a 10MW solar power plant in Punjab14 July 2022, Published under Cement NewsKohat Cement Co Ltd (KOHC) has informed Pakistan Stock Exchange (PSX) that the Board of Directors of the company has approved the setting up of 10MW solar power plant at its Kohat cement plant, in northern Punjab, says CEO, Nadeem Atta Sheikh. The company’s Board of Directors has also re-appointed Aizaz Mansoor Sheikh as chairman and Nadeem Atta Sheikh as CEO for three years. Financial performance Total dispatches for July-March 2021-22 stood at 2.85Mt compared 1.75Mt in the corre... |
Pakistan dispatches decline in FY22 by 8%05 July 2022, Published under Cement NewsThe All Pakistan Cement Manufacturers Association (APCMA) released 12 months of local and overseas dispatch data on 4 July. During the FY21-22 (July 2021-June 2022) total cement dispatches were 52.89Mt, 7.9 per cent lower than 57.43Mt dispatched during the last fiscal year. Domestic consumption during this period fell by one per cent to 47.63Mt from 48.11Mt, while exports declined by 43.6 per cent to 5.25Mt from 9.31Mt from FY20-21. DG Khan Cement Co said in a briefing that local g... |
DG Khan Cement to install solar power plant in Punjab22 June 2022, Published under Cement NewsDG Khan Cement Co Ltd (DGKC) has informed Pakistan Stock Exchange (PSX) on 21 June that its has signed an agreement and established a Letter of credit with Reon Energy Ltd for the supply and installation of the on-grid solar power plant of 6.952MW at its site in Khairpur, District Chakwal, Punjab. The solar power plant is to be financed 100 per cent through the State Bank of Pakistan Financing Scheme for Renewable Energy. The project will be completed in about six months and replace elect... |
Cement exports from Pakistan show a mixed trend21 June 2022, Published under Cement NewsPakistan's cement exports continued to report mixed trends in the export of cement and clinker cumulative basis for 11 months and in May alone of FY22, according to the Pakistan Bureau of Statistics. AKD Research has attributed this mixed trend to low export prices and increasing coal prices, which have made exports unattractive. Pakistan's cement and clinker exports in the first 11 months of FY21-22 (July 2021 to May 2022) earned US$211.19m in revenue by dispatching 5.465Mt cement and cl... |
Pakistan cement market to contract by 10%17 June 2022, Published under Cement NewsBased on cement dispatches over the first 11 months, Pakistan’s cement market is expected to contract by 10 per cent in FY22 (ending 30 June), compared to FY21, according to a report in the Business Recorder. This is in stark contrast to the 10-15 per cent growth forecast by the industry. Much of that predicted growth was dependent on the country’s massive infrastructure and power projects, along with the government’s Pakistan Housing Plan. But in reality domestic demand has remained low wit... |
Gebr Pfeiffer to supply three more MVR mills to Pakistan16 June 2022, Published under Cement NewsAs a follow-up to the state-of-the-art MVR mills recently supplied to Askari Cement's Nizampur plant, Gebr Pfeiffer has now been contracted to supply three additional MVR mills to Fauji Cement's new plant in Salar, Dera Ghazi Khan, Punjab province, Pakistan. Fauji Cement's merger with Askari Cement and the addition of the new lines will make Fauji Cement the third-largest cement producer in Pakistan with a total future capacity of 10.3Mta, Gebr Pfeiffer highlighted. As with the Nizampur ... |
DG Khan set for US exports15 June 2022, Published under Cement NewsPakistan-based DG Khan Cement Co will be exporting 50,000t of cement to the USA for the first time. “A ship, Tomini Felicity, is presently loading cement at KPT in 1.5t jumbo bags destined for Houston, Texas USA,” Fareed Fazal, DG Khan director, said. The shipment is part of a contract that will see the cement producer export 100,000tpd to Texas after concluding a deal in August 2021, when Mr Fazal visited the US. Following the deal, there was a 10-month process to obtain the necessary ce... |
Pakistan producers await budget FY2310 June 2022, Published under Cement NewsPakistan’s cement producers will be paying close attention to the government’s federal budget for FY23, which is due to be announced today. The industry hopes it will include a number of measures to help boost growth over the next couple of years. Although there has been a revival in construction activity following the easing of lockdowns, cement demand remains sluggish due to inflation and high commodity prices. In May FY22 the industry declined by 15.9 per cent YoY with total cement di... |
High cost of manufacturing influences cement dispatches in May 202208 June 2022, Published under Cement NewsTopline Securities has stated that Pakistan’s cement sales were affected in May 2022 mainly due to the Eid holidays and economic slowdown. The attrition in exports is on the back of disruption in the global supply chain, resulting in higher sea freight charges. The All Pakistan Cement Manufacturers Association (APCMA) remarked that the continuous downfall of the rupee coupled with the skyrocketing prices of coal, electricity and petroleum products is badly affecting the business momentum. ... |