Cement News tagged under: Pakistan
Pakistan cement sales expand 2% in February04 March 2021, Published under Cement NewsTotal cement sales in Pakistan edged up two per cent YoY to 4.6Mt in February 2021, showing sharply decelerating market growth when compared with January, when the market expanded by 16.3 per cent. The drop in sales was attributed by the All Pakistan Cement Manufacturers Association (APCMA) to a considerably drop in export sales, which fell to 18.2 per cent YoY to 753,444t – the fourth-consecutive monthly decrease. Domestic sales in February 2021 increased by 6.1 per cent YoY to nearly 4... |
Pakistan cement companies show significant profits during 2QFY2002 March 2021, Published under Cement NewsPakistan’s top cement manufacturers recorded significant profitability with improved margins during the last quarter of 2020. The experts believe this trend is likely to continue in reaming quarters of the ongoing financial year. According to an analyst of Spectrum Securities Ltd, the cement sector’s profitability continued in 2QFY21 as the bottom line of the 13 companies on the Pakistan Stock Exchange (PSX) posted profits to the tune of PKR11bn (US$69.7m) as compared to PAT of PKR5bn in... |
Dewan Cement sees 77% fall in turnover23 February 2021, Published under Cement NewsPakistan’s Dewan Cement Ltd has seen a 76.5 per cent YoY decline in net turnover to PKR948.17m (US$5.97m) for the first half of the FY20-21, compared with PKR4.04bn in the year-ago period. The company’s net loss has also expanded to PKR382.71m from PKR172.75m. In the 2QFY20-21, net turnover fell 58.5 per cent YoY to PKR931.64m while its net loss reached PKR266.59m in the quarter. |
DG Khan Cement sees 161% rise in profit22 February 2021, Published under Cement NewsPakistan’s DG Khan Cement recorded a 160.8 per cent surge in profit to PKR1.3bn (US$8.17m) for the quarter ending 31 December 2020, compared with PKR500.7m in the year-ago period. The increase has been attributed to a rise in retention prices and falling maintenance and repair costs. Sales declined 4.2 per cent YoY to PKR12.3bn from PKR12.9bn in the 2QFY19-20. Cement offtake also decreased seven per cent to 2.08Mt. |
Fauji Cement sees sales up 15% YoY22 February 2021, Published under Cement NewsPakistan’s Fauji Cement has seen a 378 per cent rise in profit to PKR905.2m (US$5.69m) for the October-December 2020 period, supported by higher retention prices. Sales also advanced 15 per cent YoY to PKR6.1bn against PKR5.3bn in the 2QFY19-20. Cement dispatches fell two per cent YoY to 914,000t. |
New cement capacity in Punjab planned22 February 2021, Published under Cement NewsFauji Cement and DG Khan Cement plan new capacity in Punjab, Pakistan. Top industry officials believed that construction activity is picking up, and that there will be a significant spend on infrastructure. Thus, both cement companies' Board of Directors have decided to invest in additional cement capacity. Fauji Cement has approved the setting up of a 2.05MMa greenfield cement plant in Dera Ghazi Khan. The project's construction work is expected to commence within the current financial y... |
Power Cement records surge in revenue18 February 2021, Published under Cement NewsPakistan’s Power Cement Ltd has seen its revenue surge to PKR6.85bn (US$43.1m) in the first half ended 31 December 2020, compared to PKR1.24bn in the year-ago period. Gross profit returned to a PKR1.69bn profit from a PKR345.6m loss in the 1HFY19-20. Net profit after tax reached PKR68.79m from a PKR365.8m loss. |
Kohat Cement to set up Punjab cement plant17 February 2021, Published under Cement NewsKohat Cement Co Ltd has announced that its Board of Directors have approved, subject to all regulatory approvals, setting up a 7800-10,000tpd cement manufacturing plant (along with 8-10MW waste heat recovery and 25MW coal-fired power plants), in Khushab, Punjab, Pakistan. According to a company notification to the Pakistan Stock Exchange (PSX), the management has estimated cost of the project at PKR30bn (US$187.4m), which will be financed through a mix of debt and equity. It is expec... |
Flying Cement completes Punjab WHR plant15 February 2021, Published under Cement NewsThe Flying Cement Co Ltd updated the Pakistan Stock Exchange (PSX) that it has achieved another key milestone. Company Secretary, Shahid Ahmad Awan, stated that the company has successfully completed the installation and commissioning of a 7.5MW waste heat recovery power plant (WHRPP) at its site in Mangowal, Khushab district in Punjab, Pakistan. He added, “The employment of this technology will augment our ability to process waste heat absorbed in boilers to produce steam at a suitable... |
Pakistan's cement dispatches rise 16% in January03 February 2021, Published under Cement NewsPakistan's cement factories recorded a growth of 16.3 per cent in cement dispatches during January 2021 when total cement dispatches reached at 4.73Mt against 4.07Mt in the same month of last fiscal year, says data released by All Pakistan Cement Manufacturers Association (APCMA). Out of the total dispatches, local cement shipments increased to 4.03Mt compared to 3.26Mt in January 2020, depicting a growth of 23.7 per cent. Whereas exports dropped by 14.1 per cent from 808,874t to 694,9... |