Cement News tagged under: pakistan
Cement prices are fluctuating in Pakistan02 January 2020, Published under Cement NewsAccording to a local research house, cement prices in north of Pakistan have declined from the recent peak of PKR550/bag (US$3.55/bag) (October 2019) and now they have fallen below PKR490/bag in some areas of north Pakistan. An analyst of Intermarket Securities Ltd attributes this fall to a drop in demand during the winter season as well as reportedly aggravated price competition by Cherat Cement (CHCC), which is trying to sell in other markets than its allocated areas. According to the r... |
Thatta Cement appoints new CFO01 January 2020, Published under Cement NewsThatta Cement Co Ltd (THCCL) informed the Pakistan Stock Exchange (PSX) on 1 January that Mr Fuad Zakaria Bhuri has been appointed to the position of Chief Financial Officer (CFO) of the company with effect from 1 January 2020, in place of Mr Shahid Yaqoob. Thatta Cement operates an integrated cement plant with a capacity of 488,250tpa at Thatta in the Sindh Province of Pakistan. |
Lucky Cement successfully completes new line; receives PSX award31 December 2019, Published under Cement NewsLucky Cement Limited has informed the Pakistan Stock Exchange (PSX) and local authorities that the brownfield expansion for the additional 2.8Mta line at its Khyber Pakhtunkhwa plant in the north of Pakistan has been successfully completed on schedule. In a bourse filing, Irfan Chawala, Finance Director, stated that the new line was made operational with the start of clinker production on December 30, 2019: "With the addition of this new 2.8Mta line, the total production capacity (includ... |
Power Cement completes plant expansion30 December 2019, Published under Cement NewsPower Cement Ltd, part of the Arif Habib Group, has completed the expansion of its Nooriabad facility, Pakistan, making the company the second largest producer in the southern region of the country. The upgraded plant installed a second production line, supplied by FLSmidth (Denmark), increasing capacity from 3000tpd to 10,700tpd. Total plant capacity now stands at 3.6Mta. |
DG Khan Cement completes 12MW WHR power project27 December 2019, Published under Cement NewsPakistan-based DG Khan Cement Co Ltd (DGKC) has informed the Pakistan Stock Exchange (PSX) that it has successfully completed installation and commissioning of a 12MW waste heat recovery power plant (WHRPP) with air-cooled condenser (ACC) technology at its 2.11Mta cement plant in Khairpur, Punjab. DGKC’s Company Secretary, Khalid Mahmood Chohan said: “[Through] this technology, process waste heat is absorbed in boiler to produce steam at suitable pressure to run a turbine for the generatio... |
Fecto forms new subsidiary, reports fall in domestic sales27 December 2019, Published under Cement NewsFecto Cement Ltd has approved the formation of a wholly-owned subsidiary to implement the investment in a new cement plant. The Pakistani cement producer had earlier announced plants to build a 6000tpd greenfield plant and 9MW waste heat recovery power plant in Palai, Khyber Pakhtunkhwa. Completion of the project would be expected in 18 months’ time. Financial performance 1QFY19-20 In the first quarter of the 2019-20 financial year, Fecto Cement increased its clinker production by 10.4... |
Pakistan installs captive solar power24 December 2019, Published under Cement NewsFauji Cement Co Ltd (FCCL), Pakistan, recently installed a 12.5MW captive solar power project at its Attock plant. Plant located at Distt Attock, Pakistan. The project, which was successfully commissioned in May 2019, is the largest captive solar power project in Pakistan’s industrial sector and makes FCCL leader in renewable energy in the country’s cement sector. Completed in four months, the captive solar power plant saw the erection of over 38,000 Tier 1 solar panels over a 50-acr... |
Thatta Cement Co appoints Muhammad Aslam Shaikh CEO24 December 2019, Published under Cement NewsPakistani-based Thatta Cement Co Ltd (THCCL) has informed Pakistan Stock Exchange (PSX) that Muhammad Aslam Shaikh is the company’s new CEO with effect from 23 December 2019, replacing Muhammad Taha Hamdani. THCCL has a production capacity of 488,250tpa at its cement plant in Thatta, Sind Province. |
Maple Leaf Cement to elect new directors24 December 2019, Published under Cement NewsMaple Leaf Cement Factory Ltd (MLCF) will elect new directors for a three-year term at its Extraordinary General Meeting on 31 December 2019 in Lahore, Pakistan. Eight people have filed with the company as candidates for the directorships. They have been named as Tariq Sayeed Saigol, Taufique Sayeed Saigol, Waleed Tariq Saigol, Danial Taufique Saigol, Jahanara Saigol, Syed Mohsin Raza Naqvi, Shafiq Ahmed Khan and Zulfikar Monnoo. |
Increase in gas price may impact Pakistan cement industry23 December 2019, Published under Cement NewsPakistan's government intends to increase gas prices effective from 1 January 2020 for all types of commercial consumers, including the cement industry. A research house anticipates a large gas price increase, which could eat into the margins for a range of sectors such as cement, chemicals, fertiliser and textiles. The proposed prices hike will be considered by the petroleum division, which will then forward their proposal to the Economic Coordination Committee (ECC), Government of Paki... |