Cement News tagged under: Pakistan
Fauji Cement appoints new Company Secretary28 June 2018, Published under Cement NewsFauji Cement Company Ltd (FCCL) informed Pakistan Stock Exchange (PSX) that it has appointed Brig Riaz Ahmed Gondal as Company Secretary with effect from 27 June 2018, in place of Brig Ch Zafar Iqbal (Retd). The company plant is located at Fateh Jang in Punjab, Pakistan. The clinker capacity stands at 3.27Mt while cement capacity is at 3.433Mt. |
Pakistan Cement industry export revenue rises 9% in May27 June 2018, Published under Cement NewsAccording to Pakistan's Federal Bureau of Statistics, the Pakistan cement industry earned a foreign exchange revenue of US$20.78m by exporting 446,741t of cement in May 2018 compared to US$19.147m on 404,898t of cement in previous month. This represents a MoM growth of 8.6 per cent and 10.3 per cent in terms of value and quantity, respectively. When compared with the figure of May 2017 – earning US$14.863m on 283,193t of cement – cement exports advanced YoY at 39.9 per cent and 57.8 per cen... |
Lucky receives power plant financing27 June 2018, Published under Cement NewsLucky Cement has received financing approval for its power plant at Deh Ghangiaro, Bin Qasim, Karachi. Lucky Electrical Power Co Ltd, a subsidiary of Lucky Cement, applied for the finance to build a 660MW supercritical coal-based power project to supply power to the national grid. The project cost is estimated at US$885m, financed through a debt-to-equity ratio of 75:25. Commercial operation is scheduled to start in March 20121. |
Pakistan cement industry receives US$54.1m FDI22 June 2018, Published under Cement NewsPakistan’s cement industry has received a net foreign direct investment (FDI) of US$54.1m in July 2017-May 2018, up 63 per cent when compared with July 2016-May 2017 when FDI reached US$33.3m, according to data published by the Pakistan’s central bank, the State Bank of Pakistan. Overall investment including other sectors slipped from US$2.5bn to US$2.47bn over the same period. |
Power Cement completes Nooriabad expansion finance21 June 2018, Published under Cement NewsOne of the Pakistan’s leading cement producers, Power Cement Ltd has completed financing arrangements of PKR24.9bn (US$205m) for the 2.5Mta expansion of its cement plant Nooriabad Industrial Area, Kalo Kohar District, Jamshoroo, Sindh. On completion of this expansion, Power Cement will be the second-largest producer in the Southern Region by May 2019, with the total capacity of 3.4Mta, saidTahir Iqbal, the company's CFO. The breakdown of financing includes equity of PKR1.3bn by foreign in... |
Cement output in Pakistan rises in 10MFY17-1820 June 2018, Published under Cement NewsAccording to Pakistan's Federal Bureau of Statistics, the large-scale manufacturing sector posted 6.13 per cent growth in the first 10 months of FY17-18 (July 2017-April 2018) as the construction boom continued to drive the consumption of cement and steel, while other sectors also recording growth. Local cement industry production was recorded at 35.015Mt during this period from the 31.116Mt produced in 10M16-17, representing a YoY growth of 12.5 per cent. This trend was also observed in A... |
Flying Cement orders Aumund bulk handling equipment13 June 2018, Published under Cement NewsFlying Cement (Flying Group of Industries) is planning to increase its production by building an 8000tpd kiln line. Aumund Fördertechnik GmbH will supply two of the main bucket elevators for this project, those for the raw meal silo and the heat exchanger, as well as two pan conveyors for clinker. The complete supply package from Aumund Fördertechnik to Flying Cement also includes 13 Aumund silo discharge gates. Of the two Aumund belt bucket elevators, the one to feed raw meal to the silo i... |
Pakistan's cement exports to benefit from PKR depreciation12 June 2018, Published under Cement NewsCement exports from Pakistan are likely to benefit from the Pakistani rupee depreciation against the US dollar as reported in foreign exchange markets. According to Elixir Securities Pakistan, the rupee has depreciated by 3.9 per cent during the day to PKR121 against the greenback, from last week's close of PKR116.5. Historically the local currency has depreciated in spurts, with today's move being the third one to date in FY18, following depreciations in December 2017 and March 2018, taki... |
Coal prices on Pakistan may affect profitability08 June 2018, Published under Cement NewsThe increase in coal prices is likely to affect the margin of cement companies in Pakistan, particularly those who have captive power plants based on imported coal. According to Research House report, the demands for coal may vary subject to international factors in coming months. International coal prices posted a surge of 34 per cent during FY18 to date mainly due to production constraints, low inventory levels and strong demand (spurred by cold weather) in China. Currently coal (Richa... |
Pakistan records highest capacity utilisation06 June 2018, Published under Cement NewsAll Pakistan Cement Manufacturers Association (APCMA) has released data for the month of May, 2018, which showed capacity utilisation between July and May 2018 was at 94.69 per cent – the highest in Pakistan's history since records began. The previous highest capacity utilisation was achieved in 1992-93, it reached 93.62 per cent. May's data also indicated a dip in local dispatches, due to the reduction of working hours in the Holy month of Ramadan. During May the industry dispatched 3.... |