Cement News tagged under: Pakistan
APCMA appeals for expeditious handling of imported coal17 November 2020, Published under Cement NewsPakistan's cement manufacturers have appealed to the Prime Minister of Pakistan, Imran Khan, the Minister for Industries and Production, Hammad Azhar, and the Minister for Maritime Affairs, Ali Zaidi, to ensure the smooth expeditious handling of imported raw materials for cement and other industries at the country’s ports at competitive rates. The All Pakistan Cement Manufacturers Association (APCMA) has appealed that coal imports at Port Qasim has become a costly and time-consuming a... |
APCMA posts highest monthly dispatches in October 202005 November 2020, Published under Cement NewsAll Pakistan Cement Manufacturers Association (APCMA) has released overseas and domestic dispatches data of 5.735Mt for October 2020, which is in line with the statement by Lucky Cement’s CEO, Mohammad Ali Tabba. Local shares increased by 15.8 per cent to 4.859Mt from 4.195Mt in October 2019 while exports registered an increase of 11.6 per cent, rising to 0.875Mt from 0.784Mt in the same month last year. Regional dispatches In the northern region, domestic cement dispatches increase... |
Pakistan records 33% growth in October cement dispatches03 November 2020, Published under Cement NewsPakistan's domestic and overseas cement dispatches figures for October 2020 are officially yet to be released by the All Pakistan Cement Manufacturer Association (APCMA), but Lucky Cement Ltd's CEO, Mohammad Ali Tabba, has estimated a record growth to 5.7Mt, increasing from 4.4Mt in September 2020. The MoM rise of 29.5 per cent in dispatches in October was possible due to the increase in domestic and export demand as well as the speedy momentum in Pakistan's economy. During an intervi... |
Power Cement sees net sales surge 459%03 November 2020, Published under Cement NewsPakistan’s Power Cement saw its net sales surge 458.9 per cent YoY in the quarter ending 30 September 2020, rising to PKR3.26bn (US$20.36m) from PKR583m. However, the company has also reported a loss after tax of PKR170.78m against a PKR7.9m profit in the corresponding period of the previous fiscal. |
Fecto Cement records 21% rise in net sales30 October 2020, Published under Cement NewsPakistan’s Fecto Cement saw its net sales advance 20.5 per cent YoY to PKR1.08bn (US$6.76m) in the third quarter of 2020, against PKR897.7m in the year-ago period. The company also announced a contraction in its loss after tax to PKR39.35m from PKR52.9m in the 3Q19. |
Kohat Cement Co announces US$21.67m expansion programme27 October 2020, Published under Cement NewsKohat Cement Co Ltd (KOHC) in Pakistan announced a big expansion programme in the north of the country at an estimated cost of PKR3.5bn (US$21.67m). KOHC will implement three projects at the plant site in Kohat in Khyber Pakhtunkhwa. The company is setting up a 16.2MW coal-fired boiler at an estimated cost of PKR1.04bn. This will result in energy cost savings and availability of other power sources, the company believes. KOHC is also to undertake construction of a 6700tpd production l... |
Gharibwal Cement sees revenue advance 27% YoY23 October 2020, Published under Cement NewsPakistan’s Gharibwal Cement has reported a 27 per cent YoY rise in unaudited revenue for the quarter ending 30 September 2020, increasing to PKR2.6bn (US$16.19m) from PKR2.06m. The company also returned to a net profit of PKR263.3m from a PKR235.3m loss in the July-September 2019 period. |
Pakistan cement exports record positive trend in 3MFY2119 October 2020, Published under Cement NewsPakistan's Federal Bureau of Statistics (FBS) released cement export data for July-September 2020 and September alone, which showed a positive trend on a cumulative YoY and MoM basis. Pakistan's cement industry earned US$72.29m of export revenue by exporting 2.197Mt of cement and clinker in the 3MFY20-21, compared to US$66.77m from 1.689Mt of exports in July-September 2019. Shipping represents an 8.3 per cent jump in dollar terms and a growth of 30.1 per cent in dispatches YoY. ... |
Two applications for new capacity at Dera Ghazi Khan09 October 2020, Published under Cement NewsTwo of Pakistan's leading cement manufacturers are seeking environmental approval from the Environment Protection Department (EPD), Government of Punjab, for setting up a cement plant in Dera Ghazi Khan. According to official communications of the government department, DG Khan Cement Ltd and Pioneer Cement Ltd have both applied to set up new capacity in the same region. The approval is necessary under section 12 of Punjab Environmental Protection Act (1997), amended in 2012. The gover... |
Minerals Department issues 8 cement plant licences in Punjab07 October 2020, Published under Cement NewsPakistan’s Minerals Department has issued licences to eight companies willing to invest in Punjab to establish cement factories. These licences were issued on the direction of Provincial Minerals Minister, Hafiz Ammar Yasir, who noted that the province was making headway towards progress and development, according to The News International. Under the previous government, there was a ban on establishing new cement factories in Punjab. However, Hafiz Ammar Yasir has since had the ban wit... |