Cement News tagged under: DG Khan
Red Sea crisis on Pakistan’s cement industry18 January 2024, Published under Cement NewsPakistan closely monitors the Red Sea crisis as it could disturb the movement of cement export cargoes to the USA and Europe as well as affect coal imports at Pakistani ports. It is also feared that any trade re-route would spark new inflation and supply chain disruption worldwide and in Pakistan. IMS Research, in a situation review report, warned that escalating tensions in the Middle East have begun to exert a notable influence on global trade, with Yemeni Houthi actions targeting commerc... |
Pakistan cement market to contract by 10%17 June 2022, Published under Cement NewsBased on cement dispatches over the first 11 months, Pakistan’s cement market is expected to contract by 10 per cent in FY22 (ending 30 June), compared to FY21, according to a report in the Business Recorder. This is in stark contrast to the 10-15 per cent growth forecast by the industry. Much of that predicted growth was dependent on the country’s massive infrastructure and power projects, along with the government’s Pakistan Housing Plan. But in reality domestic demand has remained low wit... |
DG Khan set for US exports15 June 2022, Published under Cement NewsPakistan-based DG Khan Cement Co will be exporting 50,000t of cement to the USA for the first time. “A ship, Tomini Felicity, is presently loading cement at KPT in 1.5t jumbo bags destined for Houston, Texas USA,” Fareed Fazal, DG Khan director, said. The shipment is part of a contract that will see the cement producer export 100,000tpd to Texas after concluding a deal in August 2021, when Mr Fazal visited the US. Following the deal, there was a 10-month process to obtain the necessary ce... |
Pakistan’s producers contend with soaring costs05 May 2022, Published under Cement NewsIn the first nine months of the current financial year (9MFY22), Pakistan’s cement producers sold 40.8Mt of cement, down 2.5Mt or 5.8 per cent on the same period a year earlier. While local dispatches have remained stable at 36.1Mt, exports have fallen by 35 per cent. With costs continuing to soar, domestic cement producers are reporting a mixed bag of results as the industry reels from the economic fallout of the pandemic and ongoing crisis in Ukraine. According to estimates by research... |
DG Khan’s continuous drive22 December 2020, Published under Cement NewsDG Khan Cement Co Ltd is one of Pakistan’s largest producers with a total capacity of 6.72Mta. Having launched a new integrated line in 2018, the company continues investing in its domestic manufacturing base to improve energy efficiency and reduce power consumption and production costs. By Shahid Ghazanfar (Hub Plant) and Muhammad Shafiq (DGK 1 Plant), DG Khan Cement Co Ltd, Pakistan. DG Khan’s 9000tpd Hub cement plant is the most recent addition to the company’s domestic production ... |
DG Khan suspends operations at Kofli Sattai and Khairpur plants30 March 2020, Published under Cement NewsIn view of the measures to fight the spread of COVID-19 including the current lockdown by the authorities, Pakistan-based cement producer DG Khan will temporarily suspend the plant operations at Kofli Sattai, Dera Ghazi Khan, and Khairpur, Chakwal, in Punjab, with immediate effect, said the company in a Pakistan Stock Exchange filing. The two plants have a total production capacity of 4.22Mta. State support Meanwhile, Pakistan Prime Minister Imran Khan reiterated that he is against the c... |
Sailing through high seas06 August 2019, Published under Cement NewsPakistan’s cement producers are sailing through high tides as domestic demand succumbs to macroeconomic pressures, manufacturing costs rise and utilisation levels look set to weaken with the addition of new capacities. Exports are providing a much-needed cushion, as is the shift towards reducing costs and improving operational efficiencies. By Syeda Humaira Akhtar, BMA Capital Management Ltd, Pakistan. Against a backdrop of lower domestic demand and higher production costs, Pakistan p... |
Pakistan cement firms see profits fall02 May 2018, Published under Cement NewsPakistani cement companies continue to report decreases in profits, largely due rises in the cost of sale and other factors in the 9MFY17-18. DG Khan Cement Co Ltd (DGKC) earned a net profit of PKR4.96bn (US$40.4m) in 9MFY18 compared to PKR6.45bn (US$55.6m) in the corresponding period of the previous financial year, representing a 23 per cent YoY drop. Net sales rose to PKR23.37bn from PKR22.63bn during this period. DGKC incurred a distribution cost of PKR691m against PKR231m in the year... |
DG Khan Hub plant to start production by year-end19 July 2017, Published under Cement NewsDG Khan’s new US$300m Hub cement plant in Balochistan province, Pakistan, will begin production by December 2017, according to a local brokerage house. The Express Tribune reported yesterday that Shajar Capital said it along with its clients paid a visit to the construction site to assess the process which “as per the project management is expected to come online by the end of calendar year 2017.” The company has set the target to complete its civil work by September 2017 and move into ... |
Pakistan: DG Khan sees profit up 15%, expands capacity by a further 2.2Mta01 September 2016, Published under Cement NewsPakistan cement producer DK Khan Cement Co announced a 15 per cent YoY rise to PKR8.79bn (US$83.9m) in its profit after tax in FY16 from PKR7.624bn in FY15. Its sales rose to PKR29.703bn from PKR26.104bn in FY15bn and cost of sale increased PKR17.035bn from PKR16.649bn in the same period. Along with financial results, the company also announced a full and final cash dividend of PKR6.0/share, making the payout to 30 per cent. The company also announced a brownfield cement capacity expans... |