Cement News tagged under: Pakistan
DG Khan Cement completes new 9000tpd Hub line23 May 2018, Published under Cement NewsDG Khan Cement Co Ltd (DGKC), informed the Pakistan Stock Exchange that it has completed the installation of country's largest cement plant of 9000tpd at Hub, Baluchistan province, near Karachi. DGKC's Company Secretary, Khalid Mahmood Chohan told Cemnet that this greenfield project was set up at a cost of over PKR40bn (US$345.3m) and has installed the latest European technology. A notification of the company says, "The largest vertical cement grinding mill with Cope drive has started ... |
Cumulative cement export revenue shows mix results in 10MFY1823 May 2018, Published under Cement NewsPakistani export revenues of cement during the first 10 months of current FY17-18 ended 30 April recorded a YoY fall of 3.6 and 9.4 per cent in terms of quantity and value in dollar, respectively, according to says data released by Federal Bureau of Statistics, Government of Pakistan. The country exported 3.74Mt of cement and earned export revenue of US$185.74m in July 2017-April 2018, compared to 3.88Mt at US$204.94m in corresponding months of the previous fiscal year. In April 2018 ... |
New dam project to boost Dewan Cement sales22 May 2018, Published under Cement NewsThe PKR474bn (US4bn) Diamer-Bhasha dam is expected to raise cement demand in Pakistan by as much as 20-25Mt over the next four to five years. The dam will have an installed power capacity of 4500MW. The construction of Dam would boost approximately cement demand by approximately 5Mta in Pakistan. Dewan Cement Ltd's nearest cement manufacturing plant is located in Kamilpur Hattar Industrial Estate, district of Khyber Pakhtunkhwa. It is expected to be awarded the largest cement supply contr... |
Cement growth seen in Pakistan's 9MFY17-18 data21 May 2018, Published under Cement NewsAccording to Federal Bureau of Statistics, the large-scale manufacturing sector posted 5.8 per cent growth in the first nine months July 2017-March 2018, as the construction boom continued to push up consumption of cement and steel. The local cement industry production was recorded at 31.17Mt during this period from 27.77Mt, produced in corresponding months July 2016-March 2017. This shows a growth of 12.2 per cent on YoY basis. The growth in March 2018 alone produced 4Mt of cement compar... |
Gharibwal starts its new VRM16 May 2018, Published under Cement NewsGharibwal Cement Ltd has started commercial operation of its 250tph vertical cement mill at its Ismailwal, plant, Pakistan. According to Company Secretary, Muhammad Shamail Javed, the new cement mill will help reduce the energy costs of cement grinding, while the excess cement grinding capacity will support future expansion plans. This new cement mill is the single-largest cement grinding mill presently in operation in Pakistan. Performance in nine months ended 31st March 2018 The compan... |
Dewan Cement rejects Mega Conglomerate offer14 May 2018, Published under Cement NewsMega Conglomerate's plan to acquire 87.5 per cent majority stake in Dewan Cement could be over. The deal is thought to have collapsed after Dewan Mohammad Yousuf Farooqui, chairman of the Yousuf Dewan Companies, rejected the offer of Mega Conglomerate to acquire a majority stake in Dewan Cement, reports Pakistan Today. A letter sent on 21 April by Mega Conglomerate Executive Director, Aly Khan, to Mr Farooqui, reveals that the due diligence exercise assessed Dewan Cement's enterprise value... |
Pakistan producers to increase prices14 May 2018, Published under Cement NewsCement prices in Pakistan are set to increase by PKR15-20/50kg bag (US$0.13-0.17/50kg bag), after companies have reached a consensus on production according to a stipulated quota. High supply levels and increased production costs have negatively impacted profitability for cement companies, according to The Express Tribune. “A consensus has been reached among cement producers to increase prices,” said Anjali Rawlani, UBL Funds research analyst. “Companies have been producing as much as they ... |
Fauji Cement 9M net profits total PKR2.12bn09 May 2018, Published under Cement NewsAccording to Board of Directors report of Fauji Cement Co Ltd (FCCL), during the nine-month period ended 31 March 2018, it earned a net profit of PKR2.12bn (US$18.36m) as compared to PKR1.972bn (US$17m) in the same period last year. FCCL achieved capacity utilisation of 98 per cent, compared to 87 per cent in the corresponding period of the last year. FCCL's local dispatches stood at 2.328Mt, compared to 2.132Mt during the corresponding period of the last year, showing an increase of nin... |
Cement factories offer water solution to Supreme Court09 May 2018, Published under Cement NewsThe Suo Motu case against Bestway-I, Bestway-II, DG Khan cement factories and Dandot Cement Co in Pakistan on the Shri Kates Raj Temple Pond issue seems to be wrapped, as the Supreme Court on 8 May, has received a proposal from the cement factories that they would find an alternative water source and pay for the water they use until then, local media reports. In November last year, the Supreme Court had taken notice of reports that the pond in the Katas Raj temple complex in Punjab was d... |
Pakistan cement dispatches total 39Mt in first 10 months of fiscal year08 May 2018, Published under Cement NewsThe Pakistan cement industry during the first 10 months of outgoing fiscal year July 2017-April 2018 dispatched 38.99Mt of cement compared to 33.880Mt during the same period last year. It posts a growth of 15.1 per cent YoY. According to data released by All Pakistan Cement Manufacturers Association (APCMA), out of this total, the mills of the northern region dispatched 28.9Mt cement for domestic consumption, up by 18.69 per cent over last year. The northern zone exported 2.674Mt of cem... |