Cement News tagged under: pakistan
Pakistan construction sector likely to be declared as industry11 February 2020, Published under Cement NewsWhile chairing a recent construction meeting, Pakistan's Prime Minister, Imran Khan, stated that a decision has been taken, in principle, to declare the construction sector as an industry and directed that all necessary requirements should be completed at the earliest for implementation of the decision so that the sector could avail the same benefits being enjoyed by other industries. Mr Khan was of the view that promotion of construction sector is a government priority because more than 40... |
Pakistan cement industry records a growth of 11% in January 202007 February 2020, Published under Cement NewsPakistan's cement industry showed encouraging performance in January 2020. As per the data released by All Pakistan Cement Manufacturers' Association (APCMA), domestic consumption increased by six per cent to 3.265Mt in January 2020 from 3.082Mt in January 2019, while the exports registered another impressive growth of 39.5 per cent from 0.579Mt in January 2019 to 0.808Mt in January 2020. Therefore, the cement sector continued to post growth in January as its total dispatches increased to ... |
Dewan Cement makes changes in top management05 February 2020, Published under Cement NewsDewan Cement Ltd (DCL) has informed Pakistan Stock Exchange (PSX) about changes in top management. Company Secretary, Muhammad Hanif Germany stated in a bourse filing that Haroon Iqbal, Syed Muhammad Anwar, Ghazanfar Baber Siddiqi, Waseem-ul-Haque Ansari, Ishtiaq Ahmed, Muhammad Baqar Jafferi and Aziz ul-Haque have elected as the directors of the company. The new appointments have taken place on, and are thus effective from Monday, 27 January 2020. Ishtiaq Ahmed was appointed as chairman ... |
Lucky Cement wins International Corporate Social Responsibility Award04 February 2020, Published under Cement NewsLucky Cement Ltd received the International Corporate Social Responsibility Award in the category of "Green Environmental Stewardship", organised by The Professionals Network (TPN), at the 9th CSR Summit and Awards held on 30 Jan 2020 at a local hotel in Karachi, Pakistan. Lucky Cement Ltd received this prestigious award in recognition of its efforts to control carbon emissions into the atmosphere, via innovative techniques and contribution towards protecting the overall environment. Spe... |
Cement prices receding in Pakistan03 February 2020, Published under Cement NewsCement prices in the northern region of Pakistan are starting to soften on account of various reasons observed the local research house Intermarket Securities Ltd. Cement prices in the northern region have declined from its recent peak of PKR535/bag (US$3.46) (December 2019) to below PKR450/bag in some markets. The main reason behind this slide is reduced demand in the winter season while new capacities have been added rapidly (three new units of cumulative 8.5Mta added in the north in the... |
Lucky Cement reports profit fall during 1H2030 January 2020, Published under Cement NewsLucky Cement Ltd of Pakistan has announced its financial results for 1HFY19-20, posting earnings of PKR1.937bn (US$12.54m), down 65 per cent when compared with earnings of PKR5.501bn reported for the 1HFY18-19. Revenues also fell by 15 per cent YoY to PKR 21.211bn in the 1HFY19-20, largely due to a slowdown of demand coupled with weaker pricing resulting from the industry's demand-supply gap. Commenting on results, a local research house attributed the fall in profits to pricing weakness, ... |
Economic activity is strengthening in Pakistan29 January 2020, Published under Cement NewsPakistan State Bank has stated that data of 1HFY20 for large scale manufacturing (LSM) indicates that economic activity is strengthening in export-oriented and import-competing industries, including gains in cement, while inward-oriented industries continue to slow. This was shared at a central bank meeting on 28 January 2020, when the Monetary Policy Committee (MPC) decided to keep the policy rate unchanged at 13.25 per cent for coming two months. The decision reflected the MPC's view th... |
Kohat Cement commissions 7800tpd kiln line27 January 2020, Published under Cement NewsKohat Cement Company Ltd (KOHC) informed Pakistan Stock Exchange (PSX) on 27 January 2020 that it has successfully commenced commercial operations from its brownfield grey kiln line of 7800tpd, including waste heat recovery power plant, in Khyber Pakhtunkhwa province. A company notification says that after setting up of this additional line, the total installed cement production capacity of the company has enhanced from 2,953,500tpa to 5,293,500tpa. |
FDI falls QoQ in Bangladesh23 January 2020, Published under Cement NewsBangladesh received gross foreign direct investment (FDI) of US$716.48m during the 3Q19 for the cement, textile, power, telecommunication, banking, foods, construction, trading, gas and petroleum, leather, chemicals, fertiliser, IT industry and other sectors, according to data released by Central Bank of Bangladesh. The country had received US$973.28m in previous quarter of April-June 2019 period and US$1.331bn in January-March 2019 period. This amounts to US$3.021bn between January-Septe... |
Attock Cement reports 41% growth in profit during 1HY19-2023 January 2020, Published under Cement NewsOn 21 January 2020, Attock Cement Pakistan Ltd (ACPL) announced its 1HFY19-20 financial results (for the period ended 31 December 2019). According to a notification by Attock Cement to the Pakistan Stock Exchange (PSX), the company's consolidated profits after tax increased to PKR1.15bn (US$7.44m) during this period, from PKR816m earned in corresponding period of FY18. This translates an increase of 41.3 per cent on YoY basis, which was possible due to a sales increase to PKR12.45bn from P... |