Cement News tagged under: Pakistan
A review of listed cement companies in Pakistan07 April 2022, Published under Cement NewsThe total market capitalisation of the top 15 cement companies in Pakistan stood at US$2.738bn as of 28 March 2022. They represent a market share of 97.4 per cent in the total sales of cement in the country. A Topline Research report estimated that Pakistan listed cement companies’ EV/t (replacement cost) is hovering at around US$43/t. Amongst major players, Kohat Cemen t (KOHC) is trading at an attractive EV/t of US$28/t. Similarly, Fauji Cement (FCCL) is trading at an EV/t of US$31/t. S... |
New CFO for Power Cement05 April 2022, Published under Cement NewsPower Cement Ltd has appointed Irfan Sikandar Bawa as CFO with effect from 4 April 2022, succeeding Tahir Iqbal, according to the company’s filing to the Pakistan Stock Exchange. |
Reon Energy to install 34MW solar power project for Lucky Cement01 April 2022, Published under Cement NewsLucky Cement and Reon Energy have announced a 34MW captive solar power project with a 5.589MWh Reflex energy storage. The project, set to be installed at Lucky Cement's Pezu plant in Khyber Pakhtunkhwa, will hold not only Pakistan’s largest on-site captive solar plant but also the largest-ever energy storage solution, claims Lucky Cement. The 34MW solar PV project is expected to produce approximately 48GWh annually. The output energy will be used on-site, resulting in substantial s... |
Flying Cement Co awarded long-term mining lease in Punjab25 March 2022, Published under Cement NewsFlying Cement Co Ltd has informed Pakistan Stock Exchange (PSX) recently that the Directorate General of Mines & Minerals (Punjab) has granted the company a long-term mining lease for limestone over an additional area of 714ha (1765 acres) of land situated near to factory site, Dhok Meharwal in District Khushab, Punjab, Pakistan. This will add remarkable value to the company’s vision in the implementation plan of achieving constant future growth. Accordingly, the company would be... |
Maple Leaf Cement Co’s expansion project nears completion22 March 2022, Published under Cement NewsMaple Leaf Cement Co (MLCF) is expecting to complete the Kiln Line No 4 expansion at the existing site in Iskanderabad, Mianwali district, Pakistan, in October 2022. This will lead the company to become the fourth largest player in the industry with a single site capacity of 7.7Mta. Addressing a Pakistan Mid Cap Conference 2022 organised by research house Topline, Group Director Finance of Maple Leaf Group, Mohsin Naqvi, disclosed the details of the expansion plan and added that the overa... |
Maple Leaf Cement records consolidated profit of PKR2.757bn21 March 2022, Published under Cement NewsIn 1HFY22 Maple Leaf Cement ’s consolidated profit stood at PKR2.757bn (US$15.27m) as against PKR1.625bn for the corresponding period last year, representing an increase of 70 per cent. A total sales volume of 2.406Mt was achieved in the 1HFY22, depicting a 4.5 per cent decrease over 2.52Mt sold during the corresponding period last year. Domestic sales volume was 2.336Mt, defining almost the same level of demand, with slight pressure on cement consumption in the local market compared ... |
Pakistan's cement/clinker exports observe a mixed trend in 8MFY2217 March 2022, Published under Cement NewsPakistan's cement and clinker exports have observed a mixed trend in the first eight months of FY21-22. During a presentation, Mohsin Naqvi, group director finance of Maple Leaf Group – the parent company of Maple Leaf Cement Co (MLCF), has stated that the company is not foreseeing robust growth in export given higher sea freight charges. Hence, the negative trend was also reflected in cumulative export data. The Pakistan cement industry earned US$179.44m in export revenue by dispat... |
Pakistan cement producers turn to Afghan coal14 March 2022, Published under Cement NewsCement factories in north Pakistan have mostly switched to using a mix of coal sourced from Afghanistan and other countries as record-high world markets are making imports too expensive for the sector to maintain its profitability. Northern players are currently using 70 per cent Afghan coal and are considering adding 20 per cent more local coal to the mix, reports The News International. “Afghan coal gave a sufficient buffer to cement companies that gave them room to keep their margin... |
Pakistani cement producers earn a profit in 1HFY2211 March 2022, Published under Cement NewsThe major players in Pakistan’s cement industry have reported a profit during 1HFY22 in Pakistan. The Spectrum Research has attributed to an increase in the topline, a decrease in finance cost and an increase in other costs during this period, particularly in the 2QFY22. However, most of the companies did not announce any dividends. Industry dispatches in 1HFY22 According to Lucky Cement , the cement industry-wide local sales volume registered a growth of 1.9 per cent to reach 24.... |
Pakistan cement dispatches fall in February and 8MFY2207 March 2022, Published under Cement NewsAll Pakistan Cement Manufacturers Association (APCMA) released disappointing domestic and export dispatch data for February and 8MFY22 as some negative developments hit the cement industry. Businesss sentiment is low as the industry sees burgeoning coal prices, a cut in public sector development funds by Islamabad to make up losses for the freezing of oil prices and lowering power tariffs for the next four months. In addition, there have been falling prices of cement scripts in local market... |