Cement News tagged under: pakistan
Several companies show interest in Lafarge Pakistan12 May 2014, Published under Cement NewsIn response to a notice sent to the Karachi Stock Exchange by Lafarge SA to divest its entire holding (75.86 per cent) in Lafarge Pakistan Cement Limited (LPCL), local as well as international players have shown interest in acquiring the company. While the acquisition remains in the due diligence phase at the moment, seven companies/groups are currently believed to be vying for LPCL namely: Lucky Cement, DG Khan Cement, House of Habib, Vision Holdings, Pioneer Cement, Bestway Cement and K... |
Pakistan: utilisation rates reach 5-year high09 May 2014, Published under Cement NewsCement despatches in Pakistan reached an all time high of 3.21Mt during April 2014 raising the industry hopes of a long awaited turnaround. The sector has achieved capacity utilisation of 75.21 per cent during first 10 months of the current fiscal year – the highest level achieved during last five years – and industry experts expecting that this will be increased to 80 per cent by the end of June 2014. Although the overall increase in the cement despatches is only 1.17 per cent, domestic sa... |
A trio of producers eye Lafarge Pakistan Cement08 May 2014, Published under Cement NewsA three-way struggle looms for Lafarge Pakistan (LPCL) as Kohat Cement is the latest party to announce its interest in the assets of the only major cement producer in Pakistan. Kohat Cement's interest follows that of DG Khan Cement and Bestway Cement who are both keen on the purchase. The divestment of LPCL follows 'the merger of equals' to establish LafargeHolcim, which will become a giant cement producer in more than 90 countries with a balanced exposure to both developed and high growth m... |
Pakistan cement industry trebles FDI07 May 2014, Published under Cement NewsThe Pakistan cement sector has received foreign direct investment (FDI) to the tune of US$21.5m from July 2013-March 2014, more than trebling the US$6.3m received during the comparative period the previous year, according to the State Bank of Pakistan. In March alone, FDI into the cement industry reached US$2.2m. While investment fell from US$102.5m in FY08 to US$32.6m one year later, in FY11 it recovered, rising to US$65.2m. However, in FY12, the industry did not receive any FDI. The ... |
Pakistan: Kohat Cement Co interested in 76% Lafarge Pakistan stake05 May 2014, Published under Cement NewsPakistan's Kohat Cement Company announced that it will participate in the bidding process for the acquisition of 1.1bn ordinary shares of PKR10 each of Lafarge Pakistan, representing 75.86 per cent of the total issued and paid-up share capital of Lafarge Pakistan, according to local news service The News. Vision Holdings Middle East, which holds a 47 per cent stake in Pioneer Cement, and DG Khan Cement have also expressed interest in acquiring the stake from Lafarge subsidiary Sofima SA. ... |
Pakistan producers raise cement prices05 May 2014, Published under Cement NewsCement prices in Pakistan have increased by PKR10/50kg bag from PKR525 (US$5.31) to PKR535. Cement companies, including DG Khan Cement, Lucky Cement and Falcon Cement have raised the price of a 50kg bag from PKR515.20 to PKR525.35. In June 2013, a 50kg bag cost PKR450 but after the budget announcement it rose to PKR500 in July as the sales tax regime was changed. Cement makers that are dependent on power from the national grid have attributed the rise to a hike in power rates by Nepra.... |
Lafarge Pakistan hosts groundbreaking ceremony for CSR project02 May 2014, Published under Cement NewsThe groundbreaking ceremony of a fully-equipped medical unit and parking complex was held at Lafarge Pakistan’s operations in Kallar Kahar, Chakwal district, earlier this week. Among those in attendance were Philippe Thiébaud, Ambassador of France to Pakistan and Malik Tanveer Aslam Awan, Pakistan’s Minister for Housing, Urban Development & Public Health Engineering. “The medical unit aims to provide healthcare treatment in the area to the local villagers and surrounding villages within D... |
Pakistan export volumes and revenues fall01 May 2014, Published under Cement NewsPakistan export volumes have seen a decline in the first nine months of the current fiscal both in terms of volumes and dollar value. However, latest monthly figures show a significant increase in exports to India. For the July 2013 – March 2014 period, Pakistan exported 6.123Mt of cement on revenues of US$374.78m compared to 6.522Mt at US$421.12m in the comparative period of the previous year. This translates to YoY declines of 6.11 and 11.11 per cent in terms of quantity and value, respe... |
Price increase for Karachi market, Pakistan28 April 2014, Published under Cement NewsPakistan cement producers have increased the price of cement by PKR5/bag to PKR220-235/bag in Karachi, according to local retailers. “The latest increase is made after a gap of six to eight weeks,” vendor Muhammad Sohail told News International (Pakistan), adding that the previous increase of PKR5 per bag was made sometime in March. Commenting on the increase, an analyst said that the surge in development work in the country has provided room to the manufacturers to raise the price of th... |
Lucky Cement 9MFY13-14 profit rises25 April 2014, Published under Cement NewsPakistan’s leading cement producer Lucky Cement reported a profit after tax for nine months of PKR8.185bn (US$83m), up 17.2 per cent YoY. Earnings per share (EPS) for the period increased to PKR25.31 against an EPS of PKR21.59 of corresponding period last year. Local sales volumes during the period registered a growth of 7.7 per cent to 2.9Mt compared to 2.7Mt in FY12-13. Exports increased 11.8 per cent YoY to 1.9Mt. The company has recently started production at its joint venture g... |