Cement News tagged under: Pakistan
Power Cement reports 82% YoY rise in 1H net profit02 March 2022, Published under Cement NewsPower Cement posted a 43.6 per cent increase in revenues to PKR5162m (US$29.1m) in the quarter ended 31 December 2021 (2QFY21-22), up from PKR3595m m in the 2QFY20-21. Operating profit saw a 37.3 per cent hike to PKR961m in the 2QFY21-22 from PKR700m in the equivalent period of the previous year. Net profit advanced 96.7 per cent YoY to PKR471m in the 2QFY21-22 from PKR239.4m. Half-year results In the half year ended 31 December 2021, Power Cement saw its revenues increase by 35.7 pe... |
Dewan Cement returns to profit in 2QFY21-2201 March 2022, Published under Cement NewsPakistan-based Dewan Cement Ltd posted a turnover of PKR4149.6m (US$23.4m) in the quarter ended 31 December 2021 (2QFY21-22), up from PKR931.6m in the 2QFY20-21. In the 2QFY21-22, the company achieved an operating profit of PKR68.8m, an improvement when compared with the PKR334.5m loss in the 2QFY20-21. Net profit reached PKR130.7m, up from a loss of PKR266.6m in the equivalent period of the previous year. |
Cherat Packaging Ltd expands its production lines01 March 2022, Published under Cement NewsCherat Packaging Ltd has successfully installed and commissioned its fourth line of polypropylene plant for producing cement bags. The fourth line of polypropylene cement bag manufacturing plant has again been acquired from leading European supplier Windmoeller & Holscher Group. With this expansion, the production capacity of the company has increased from 195m to 260m polypropylene bags per annum. The plant has been commissioned at the existing factory site of the company in Gadoon Am... |
Pakistan's cement and clinker exports decline22 February 2022, Published under Cement NewsPakistan's cement and clinker exports have decreased in the first seven months of the FY21-22. According to local analysts, historically, when domestic demand is booming, exports take a backseat, and when the domestic market is slowing down, exports contribute a critical share in total sales. It makes more economic sense to sell domestically where prices are more desirable and less competitive. The Indian supply has not been restored to date, and there is no momentum in dispatches to Kabul... |
Pakistani cement dispatches contracted in 7MFY2203 February 2022, Published under Cement NewsAccording to the data released by All Pakistan Cement Manufacturers Association (APCMA), total local and overseas cement dispatches declined by 16.6 per cent 3.95Mt in January 2022 against 4.73Mt dispatched during the same month of last year. The breakdown of data shows local cement dispatches by the industry during January 2022 were 3.4Mt compared to 4.04Mt in January 2021, showing a reduction of 15.9 per cent. However, exports saw a massive decline of 20.7 per cent as the volume fell from ... |
Mixed trend in export and production observed in Pakistan25 January 2022, Published under Cement NewsPakistan's cement and clinker exports have reported mixed trends in the earlier part of FY2021-11. A local research house attributed the results to a drop in exports from the southern part of the country, leading to a subdued performance. Exports The Pakistan cement industry earned US$143.76m in export revenue by dispatching 3.921Mt of cement and clinker overseas in the 6MFY21-22 (July-December 2021), compared to US$142.92m from 4.325Mt of exports in the year-ago period. As a resu... |
Power Cement sign deal for 7MW power plant10 January 2022, Published under Cement NewsPower Cement Ltd has signed an agreement to set up a 7MW solar power plant at its existing site in Jamshoroo, Sindh state, Pakistan. Power Cement has decided to explore environment-friendly renewable energy solutions without incurring any major capital expenditures. " The company has signed an agreement with Burj Solar Energy (Private) Ltd for procurement of electricity on a fixed tariff (around 40 per cent lower than the existing grid tariff) for the next 20 years," a company bourse fil... |
Pakistan cement records dismal performance in December06 January 2022, Published under Cement NewsAccording to the data released by the All Pakistan Cement Manufacturers Association (APCMA), total cement dispatches declined by 4.2 per cent in December 2021 to 4.59Mt from 4.79Mt dispatched during the same month last fiscal year. AKD Research referred to this dismal performance to seasonality but expressed hope that the local demand remains vital for FY22 as economic activity continues to pick up where the private sector is expected to provide significant support to demand. Out ... |
Fauji Group receives largest syndicated cement financing project04 January 2022, Published under Cement NewsPakistan's Fauji Group, parent company of Fauji Cement Co Ltd (FCCL) and Askari Cement Ltd (ACL), has announced the signing of PKR37.4bn (US$212.2m) syndicated term loan facilities for an expansion programme from a local banking consortium, led by Habib Bank Ltd (HBL). The facilities, which have a combined project cost of PKR60bn (including a debt component of PKR37.4bn), will be used to enhance the company's total production capacity to 10Mta, making it the second-largest cement produce... |
Two Pakistan cement plants complete power projects04 January 2022, Published under Cement NewsAttock Cement Pakistan Ltd (ACPL) and Flying Cement Co Ltd (FCCL) have both opened new power plants in Pakistan. ACPL informed the Pakistan Stock Exchange that its 20MW solar power plant project has been completed at Hub Chowki, Lasbella in Baluchistan. According to ACPL Company Secretary, Irfan Amanullah, the solar power project was implemented at an estimated cost of PKR1.8bn (US$10.19m) in collaboration with lead consultant Attock Energy Pvt Ltd and leading Chinese suppliers. Meanwhil... |