Cement News tagged under: indian sub-continent
Pakistan producers expect mixed results in 1QFY24-2517 October 2024, Published under Cement NewsPakistan Stock Exchange (PSX) listed cement firms have yet to start posting their financial results for 1QFY24-25. However, Topline Pakistan Research believes that its Cement Universe (comprising Lucky Cement, Kohat Cement, DG Khan Cement , Maple Leaf Cement and Fauji Cement Co Ltd – the country's top five cement producers) is expected to post profitability of PKR13.3bn in the first quarter of FY24-25 against a profit of PKRs12.9bn in the 4QFY23-24, up by three per cent QoQ, mainly ... |
Fauji Cement exports to Afghanistan likely to increase in FY2511 October 2024, Published under Cement NewsThe management of Fauji Cement Co Ltd (FCCL) held an analyst briefing session on 9th October 2024 to discuss the company’s performance and future outlook. FCCL reported strong results for FY24, driven by significant cement and solar expansion investments. The company posted earnings of PKR8223m (US$29.6m) compared to PKR7440m in the previous period, a jump of 11 per cent YoY. In FY24, volumetric dispatches rose by five per cent, recording 5.08Mt, with local dispatches up by three per cent... |
Gharibwal Cement achieved significant financial milestones in FY2408 October 2024, Published under Cement NewsGharibwal Cement Ltd has issued a notice to call the 64th Annual General Meeting, which will be held on 24 October 2024, to approve the account for FY24. The company achieved significant financial milestones in FY24, with a net profit surge of 41.4 per cent YoY, reaching PKR1.743bn (US$626.1m). This strong performance, a testament to the company’s collective efforts, contributed to an impressive Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) growth of nine per... |
Pakistan cement exports surged in September04 October 2024, Published under Cement NewsAll Pakistan Cement Manufacturers Association (APCMA) released local and overseas dispatch data for September and July – September on 3 October. The data reflects that Pakistan cement producers continued to experience headwinds in local sales, but exports remained beneficial. Cement dispatches declined by 5.63 per cent in September 2024 to 3.54Mt, compared to 3.751Mt dispatched during the previous fiscal year. APCMA attributed that due to increased cement prices due to irrational taxation... |
Cherat Cement exports increased by 22% in FY2403 October 2024, Published under Cement NewsCherat Cement Co Ltd has released a detailed report for FY24. The 43rd Annual General Meeting will be held on 16 October 2024, to approve the account for the same financial year. The company will consider and approve the payment of the final cash dividend at 40 per cent (PKR4 per share). This is in addition to an interim cash dividend at 15 per cent (PKR50 per share) already paid to the shareholders for the financial year ending 30 June 2024, as the Board of Directors recommended. Accor... |
Thatta Cement achieves 22.57% increase in local cement dispatches02 October 2024, Published under Cement NewsThe directors of Thatta Cement Co Ltd (TCCL) have released a financial report and the company’s audited financial statements for the fiscal year ending 30 June 2024. In the FY23-24, the company achieved a 22.6 per cent increase in local cement dispatches compared to the previous year. An impressive 39 per cent rise matched this surge in volume in revenue. The revenue growth is largely due to a significant increase in cement retention prices. This price adjustment enhanced the compa... |
SRSMES to upgrade Dalmia Bharat classifier26 September 2024, Published under Cement NewsSRSMES Pvt Ltd has been awarded the contract to upgrade the existing classifier at Dalmia Bharat Ltd’s Bengal Cement Works in Midnapore, Line 2 (OK mill 66.6), India. This upgrade will optimise the grinding system's efficiency by reducing its specific power consumption, directly contributing to a lower carbon footprint in the cement manufacturing process. With nearly 15 successful classifier upgrades across various segments of the cement industry, including the upcoming commissioning of... |
Minister inaugurates hot gas project at Bokajan factory25 September 2024, Published under Cement NewsIndia's Steel and Heavy Industries Minister, H D Kumaraswamy, recently visited the Cement Corp of India (CCI) factory at Bokajan in Assam’s Karbi Anglong district and said “[The] potential of the region will be harnessed for the benefit of locals.” Mr Kumaraswamy attended a public meeting where he inaugurated the hot gas utilisation project in the raw mills of the cement factory. Important issues of the area were placed before Mr Kumaraswamy during the meeting, such as the need to ... |
Bangladesh cement sales drop as major construction projects shelved23 September 2024, Published under Cement NewsSales of cement in Bangladesh have nearly halved in the last few of months as real estate developers cancelled construction plans, while public projects were delayed because of nationwide unrest and the sudden political changeover. According to the Bangladesh Cement Manufacturers Association (BCMA), cement sales declined by over three per cent to 25Mt in the January-August 2024 period compared to 26Mt in the same period of 2023. Cement producers have found it hard to move product.... |
Pakistan's cement export volume rose amid lesser revenue in 2MFY24-2520 September 2024, Published under Cement NewsPakistan’s cement and clinker exports dropped by 16.9 per cent in the first two months of the current financial year 2024-25 to US$36.70m (992,026t) from US$39.64m (981,400t) in the same period of the previous year, as reported by the Pakistan Bureau of Statistics (PBS). In Pakistani rupee terms, export revenue saw a double-digit fall of 10.7 per cent to PKR10.22bn (US$37.6m). However, export volumes increased by 1.1 per cent YoY in the same period. The export growth trend from the previo... |