Cement News tagged under: DG Khan
K-Electric to supply 40MW of electricity to new DG Khan cement plant, Pakistan16 April 2015, Published under Cement NewsK-Electric (KE) and DG Cement Ltd have signed an agreement through which the power utility will provide 40MW of electricity to the cement producer's upcoming plant in Hub, Balochistan, Pakistan . The agreement was signed at the KE House in the presence of KE and DG Khan management. According to KE’s press statement, electricity will be provided from its Hub grid station and DG Cement Ltd is to construct a Line Bay and a 12km long 132kV transmission line. The new cement plant will have a c... |
Expressions of interest for Lafarge Pakistan acquisition01 May 2014, Published under Cement NewsTwo parties have officially expressed an interest in acquiring control of Lafarge Pakistan Cement, according to local press reports. Sofima SAS, a fully-held direct subsidiary of Lafarge SA, is divesting 100 per cent shares of its shares in Lafarge Pakistan Cement. DG Khan Cement (DGKC) informed all three stock exchanges and the Securities and Exchange Commission of Pakistan that it had received approval from its board of directors to participate in this [buying] process and to ta... |
DG Khan full-year profit rises, Pakistan11 September 2012, Published under Cement NewsPakistan cement producer DG Khan Cement reported a profit-after-tax of PKR4.10bn (US$43.3m) for the year ended June 30 2012, compared to PKR170.96, earned in the previous year, according to a statement on Monday. This translated into the earnings per share (EPS) of PKR9.38 from 45 paisas in 2011-12, according to the profit and loss account of the company available with the Karachi Stock Exchange. Revenues for the company surged 24% to PKR22.95bn in fiscal 2012, against sales of PKR18.58b... |
Pakistan budget brings relief measures to cement sector07 June 2012, Published under Cement NewsPakistan's Finance Minister Dr. Abdul Hafeez Shaikh has announced number of incentives and relief for various sectors including the cement industry in the Federal Budget July 2012 - June 2013. Dr Shaikh announced an increase in the Public Sector Development Program (PSDP), which is also spent on infrastructure development, to PKR873bn, up 20 per cent from last year. Federal Excise Duty (FED) on cement pricea has been reduced by PKR100/t (PKR5/bag) to PKR400/t (PKR20/bag). In addition, the... |