Cement News tagged under: pakistan
Fauji Cement Line II expected to be running at the end of October10 October 2017, Published under Cement NewsFauji Cement Company Ltd’s (FCCL) of Pakistan is making efforts to revive production from Line II following an accident last year which affected plant production. According to local research house, the company has taken the advantage of the line's needed reconstruction to expand its capacity from original 7200tpd to 7600tpd. FCCL suffered depressed operations in FY17 post collapse of its 2.16Mt clinker silo in May 2016, which halted operations of the line. However, the company is expecte... |
Pakistan export revenue declines 15% in 2MFY1709 October 2017, Published under Cement NewsThe Pakistan cement industry export revenue during the first two months of current financial year (July-Aug 2017) recorded a fall of 14.86 per cent and 13.9 per cent i n terms of value in dollar and quantity, respectively on YoY basis , while mixed trends were also observed on a MoM basis, says data released by Federal Bureau of Statistics, Pakistan Government. The country exported 871,434t of cement and earned export revenue of US$44.92m in July-August 2017 compared to 1Mt at US$52.77m i... |
Pioneer Cement to acquire Galadari Cement06 October 2017, Published under Cement NewsPioneer Cement Company Ltd (PIOC) in a stock filing informed that it has signed a Memorandum of Understanding with sponsors of Galadari Cement (GULF) Ltd (GCGL) to acquire 100 per cent stake of the company. GCGL was incorporated in 1980 with acquisition of land at District Hub, in Baluchistan province of Pakistan, while formal construction of plant had begun during 1998. The plant's main equipment was procured from European manufacturers. However, due to legal and inheritance issues the ... |
Northern Pakistan records fall in cement prices06 October 2017, Published under Cement NewsAccording to industry sources, cement producers in the north region of Pakistan have increased the discount on cement prices effective 2 October 2017 by PKR10-15/bag to PKR480-495/bag (US$4.55-4.69). As a result, cement prices in the North are down 11-12 per cent from the high of PKR540-560/bag seen in Jul-August 2017. However, prices in the southern region remain unchanged. Current price range of PKR570-605/bag reflects a premium of approximately PKR100/bag compared with the North (PKR4... |
Pakistan's cement industry records highest dispatches in 1Q1705 October 2017, Published under Cement NewsPakistan cement manufacturers in the first quarter of this fiscal year, July - September 2017 dispatched 10.348Mt of cement – a new record. The country is now well poised to exceed the 40Mt barrier this year, according to data released by the All Pakistan Cement Manufacturers’ Association (APCMA), which added that the cement industry is operating at 88.18 per cent of its installed capacity. According to APCMA, the sector dispatched 3.199Mt of cement in September 2017 alone that was 4.61 ... |
Gharibwal Cement's net profit falls 14.8%29 September 2017, Published under Cement NewsGharibwal Cement Ltd has reported that its net profit fell by 14.84 per cent to PKR2.283bn (US$21.6m) in FY17 on YoY basis. The company said sales increased by sales 6.7 per cent to PKR11.22bn in FY17 from PKR10.522m the previous year. However, a higher cost of sales saw gross profit fall from PKR4.172m to PKR3.854m and pretax profits from PKR3.695m to PKR3.045m. The company incurred a distribution cost of PKR27m and administrative cost of PKR320m versus PKR20m and PKR307m, resp... |
Pakistan's local dispatches expected to grow at 3% in September29 September 2017, Published under Cement NewsExperts foresee that total cement sales in September 2017 to observe a decline of two per cent YoY to clock in at 3Mt. Out of which, exports are likely to depict a downward trajectory, dropping by 26 per cent YoY to 387,000t while local dispatches are expected to grow three per cent YoY to 2.6Mt. According to estimates of local research house, region wise distribution suggests that domestic sales during September in the north and south registered growth of five per cent YoY to 2.2Mt and ... |
Pioneer Cement net income rises 16%28 September 2017, Published under Cement NewsPioneer Cement Ltd posted a net income of PKR2.91bn (US$27.6m) in the fiscal year ended on 30 June, up 16 per cent compared with PKR2.51bn in the previous year, according to a company notice to the Pakistan Stock Exchange (PSX). Revenues of the company surged by 13 per cent YoY mainly driven by clinker sales made to Fauji Cement during the year. Gross margins of the company remained above industry average of 40 per cent, however, they dipped slightly by 100 basis points YoY to 42 per ce... |
Wärtsillä receives 29MW power engine order from Cherat Cement25 September 2017, Published under Cement NewsFinland-based technology group Wärtsilä is to supply power generation equipment for an extension to Cherat Cement Ltd. The Pakistani cement producer has contracted Wärtsilä to supply three Wärtsilä 34DF dual-fuel engines capable of operating on both natural gas and heavy fuel oil (HFO). The total electrical output will be approximately 29MW. Wärtsilä will also provide advisors to oversee the installation and commissioning of the engines. Cherat Cement, located in the Khyber Pakhtunkhwa... |
Five killed in accidental explosion at Rohri Cement plant22 September 2017, Published under Cement NewsInitial report suggests that five people, including security personnel, were killed and eight others were injured in a blast while defusing explosives at a cement factory in Sukkur in Sindh province of Pakistan on Tuesday. The management of Rohri Cement (Pvt) Ltd in a public announcement, on 21 September, expressed profound sorrow about the deaths of "martyred, valiant Rangers – as well as the officers and the workers of Rohri Cement plant, due to accidental explosion occurred on 19 S... |