Cement News tagged under: Power Cement Ltd
Investment Fund for Developing Countries sells Power Cement stake12 September 2024, Published under Cement NewsThe Investment Fund for Developing Countries and IFU Investment Partners K/S (IIP) have decided to dispose of their combined 6.1 per cent stake in Power Cement Ltd , Pakistan. IFU Investment Partners K/S (IIP) and the Investment Fund for Developing Countries (IFU), which hold a total of 80,506,670 shares in Power Cement, have decided to dispose of the entire shareholding in the company. IFU and IIP have been shareholders in Power Cement for approximately seven years, which is a regular... |
Power Cement debuts export to the USA03 April 2024, Published under Cement NewsPower Cement Ltd has dispatched its first shipment to the USA. This shipment follows the start of exports to the Europe. On 27 December 2023, Power Cement marked a significant milestone as it successfully entered the European market by exporting its cement to the UK, marking the company's commitment to global expansion. It positions the company as a formidable force in the international construction materials arena, notably as the first Pakistani cement exporter to enter the UK market. ... |
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... |
Power Cement secures investment for plant upgrade05 September 2018, Published under Cement NewsArif Habib Corporation Ltd (AHCL) has called extra ordinary general meeting on 26 September to make an additional investment of US$11m in Power Cement Ltd (PCL), an associated undertaking of the corporation. PCL aims to install components/machinery to make its plant more energy efficient, according to a notification on the Pakistan Stock Exchange (PSX) on 4 September . This guarantee amount by AHCL will enable PCL to negotiate a better deal with the potential supplier as AHCL will ens... |
Power Cement releases update on expansion project06 April 2018, Published under Cement NewsPower Cement Ltd has released a progress report regarding its brownfield expansion project at its facility in Nooriabad, Pakistan, for the quarter ending 31 March 2018. The new 7700tpd line is expected to increase plant capacity to 3.5Mta, making the company the second-largest cement producer in the southern region. The site is positioned close to Sindh province and Karachi, with direct links to both seaports of the capital. The company has issued letters of credit for the supply of engi... |
Danish investors and FLSmidth buy into Power Cement05 February 2018, Published under Cement NewsA joint venture of foreign investors IFU (Danish Investment Fund for Developing Countries), IIP (IFU Investment Partners) and FLSmidth have reportedly purchased over 100m shares in Power Cement Ltd (PCL) and its undertaking, situated at DehKaloKohar, Nooriabad Industrial Estate, District Dadu (Sindh), Pakistan. PCL has informed the Pakistan Stock Exchange (PSX) last week that that the subscription amount (in euros) has been received against 104,658,670 ordinary shares by way of allotmen... |
Power Cement announces progress of expansion26 January 2018, Published under Cement NewsPower Cement Limited has released a progress report regarding its brownfield project in Nooriabad, for the quarter ending 31 December 2017. The expansion is expected to increase plant capacity by 2.5Mta to 3.4Mta, at an estimated cost of PKR24.9bn (US$224.8m). The company plans to commission the new capacity by the last quarter of FY19, ending 30 June 2019. Power Cement has already provided letters of credit for the PKR10bn order for supply of engineering and equipment from FLSmidth. The ... |
FLSmidth receives cement plant order in Pakistan30 May 2017, Published under Cement NewsFLSmidth has been awarded an order from Power Cement Ltd, part of the Arif Habib Group in Pakistan, for engineering, procurement and supply of equipment for a 7700tpd production line comprising two projects; clinker production and cement production and dispatch. The new production line will expand the two existing lines located in Nooriabad north-east of Karachi, Pakistan. The order includes a complete range of equipment from crushing to packing and cement loading. FLSmidth will also supply... |
Pakistan: Power Cement reports 20% fall in profit after tax27 February 2017, Published under Cement NewsPakistan’s Power Cement Ltd reported a decline of 20 per cent in its profit after tax to PKR242m in 1HFY17. The company’s sales rose 25 per cent to PKR2.06bn during this period against PKR1.64bn in the equivalent period of the previous year, according to the firm’s filing with the Pakistan Stock Exchange. The company incurred a distribution cost of PKR54m and administrative expenses of PKR31m in 1HFY17, up from PKR47m and PKR28m, respectively, in 1FYH16. Power Cement operates a 0.945M... |
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