Cement News tagged under: Lucky Cement
Pakistan cement industry's US$1bn expansion03 June 2016, Published under Cement NewsThe steady growth of Pakistan’s cement industry saw the sector attract investment of US$1bn in the current financial year, an economic survey has revealed. Economic Survey 2015-16, released today by Pakistan’s Ministry of Finance, finds that the cement industry is focussing on capacity expansion in view of ever-growing domestic demand and a focus on exports to African markets. Four companies have already announced further investment plans: Cherat Cement, Attock Cement, DG Khan Cement and ... |
New projects push Indonesia towards overcapacity27 April 2016, Published under Cement NewsIndonesia's dynamic market has attracted both foreign and local cement companies to invest in new cement plants, intensifying competition for existing producers and tipping the industry towards oversupply. Four new entrants - including companies from Taiwan, India and two local firms - plan to build new factories in Indonesia with a combined capacity of 12.1Mta, according to a report in the Jakarta Globe. The total investment is estimated at between US$1.3bn and US$3bn over the next few ye... |
Lucky Cement to award 660MW power plant contract next month27 April 2016, Published under Cement NewsLucky Cement is preparing to award a contract to build a 660MW coal-fired electricity generation plant at the country's industrial hub near Karachi. Negotiations with potential EPC (engineering, procurement and construction) contractors have started and the EPC contract will be concluded during the month of May 2016. In March, the Pakistan Power Infrastructure Board issued a licence to Lucky Electric Power Company, a subsidiary of Lucky Cement, to build the coal-fired plant at Deh Ghangar... |
Pakistan: Producers to invest up to US$1bn in CAPEX18 April 2016, Published under Cement NewsCement producers in Pakistan will invest between US$700m and US$1bn in expanding capacity over the next few years, according to Mohammad Ali Tabba, chair of the All Pakistan Cement Manufacturers Association. According to an interview with Mr Tabba in the Nation, four companies have already announced expansion plans: Cherat Cement; Attock Cement; DG Khan Cement; and Lucky Cement. Capacity in 2015-16 stands at 45.6Mta. Despite this investment, Mr Tabba noted that the industry was not rec... |
Cement exports on the rise15 April 2016, Published under Cement NewsAs global cement capacity continues to rise against a limited demand increase, there is a swell of cement producers chasing ever-smaller export markets across the globe. News this week that Saudi Arabia has lifted its ban on exports will increase pressure on prices in the Middle East region. The Saudi Arabian export ban had been in place since 2012 when it was renewed from an earlier 2008 period of export control. While lifting of the ban provides a good opportunity for Saudi producers to ... |
Lucky Cement unit gets licence to generate 660MW coal power08 March 2016, Published under Cement NewsThe government of Pakistan has licensed Lucky Electric Power Co, a concern of Lucky Cement, to generate electricity from its 660MW coal-fired plant. “In order to meet the future energy needs of the country and to improve the energy mix, the Pakistan Power Infrastructure Board issued letter of intent to various local and foreign investors/groups, including Lucky Cement Limited for setting up 660MW imported coal-based generation facility at Deh Ghangario, Bin Qasim Town,” according to a docum... |
Lucky Cement not to proceed with court challenge01 February 2016, Published under Cement NewsLucky Cement has decided to drop its South African court challenge regarding the imposition of anti-dumping duties by the International Trade Administration Commission (Itac) on Portland cement imports originating from Pakistan. The company said it had instead decided to put its faith in the Pakistan government's approach to the World Trade Organisation (WTO) to challenge and revoke the anti-dumping duties. Muhammad Faisal, the financial director of Lucky Cement, confirmed to Business Rep... |
ITAC announces final anti-dumping duties23 December 2015, Published under Cement NewsSouth Africa has imposed final anti-dumping duties on Portland cement originating in or imported from Pakistan, ranging between 14.29 and 77.15 per cent, effective 18 December 2015. The duties will remain in place for a period of five years, unless a review process takes place. The decision follows an investigation initiated by the International Trade Administration Commission of South Africa (ITAC) on 22 August 2014 after local producers AfriSam, Lafarge Industries South Africa, NPC Cimp... |
Lucky considers increasing northern exposure12 October 2015, Published under Cement NewsLucky Cement plans to build a new cement plant in the north region of the country to meet growing demand, a senior company official said on Friday. "Yes, we have planned to set up a plant in the north [of the country], News International quoted the company's CEO Muhammad Ali Tabba, as saying. "Our next board of directors meeting is scheduled at end of October and we would take up the plan there for approval," he added. Lucky Cement would release all relevant financial and other information... |
Lucky Cement full-year profit advances, Pakistan09 September 2015, Published under Cement NewsLucky Cement Ltd reported net profit of PKR12.43bn (US$119m) for the year ended 30 June 2015, representing a 9.6 per cent YoY increase. Revenue advanced by 3.9 per cent to PKR44.76bn compared to PKR43.08bn a year earlier. The increase was mainly attributed to higher sales local volumes which rose by seven per cent YoY to 4.42Mt. However, exports declined by 4.5 per cent to 2.37Mt compared with 2.48Mt during the year before. On a consolidated basis, Lucky Cement reported net profit of P... |