Cement News tagged under: Pakistan
Lucky Cement to construct Iraq grinding plant27 April 2012, Published under Cement NewsPakistan’s Lucky Cement is to construct a 0.87Mt grinding plant in Iraq through a joint venture, according to reports by the Associated Press of Pakistan. The company is to invest US$15m in the cement plant which is estimated to cost US$30m. The technical and financial evaluation of the proposed project has already been carried out by the team of experts. Similarly, the board also decided to invest in the equity of its newly incorporated associated company Yunus Energy Ltd, a 50MW wind fa... |
Pakistan cement exports earn US$339m in 9MFY2011-1225 April 2012, Published under Cement NewsDuring 9MFY2011-12 (July-March), Pakistan cement exporters saw recovery in cement exports in terms of value. In Pakistani currency, the export also rose by 6.06%. In addition, the average cement price improved. The Pakistan cement manufacturer and exporters exported 6.51Mt of cement and earned US$339.208m compared to 6.72Mt at US$329.696m in the corresponding period last year. The figures indicate that cement exports fell by 3.07% in terms of volumes but increased 2.89% in terms of dolla... |
Pakistan: cement import starts through ICP23 April 2012, Published under Cement NewsThe newly-opened Integrated Check Post (ICP) has received its first Pakistani cement imports from the road route, but traders continue to be unhappy over the high handling charges. Earlier, India was importing cement through the rail route and shifting to the road route is being seen a boost for the trade. Unhappy with the high handling charges at the ICP, the exporters and importers held a meeting with the officials on Friday, but it remained inconclusive. Traders claimed that charges are... |
Pakistan’s DG Khan Cement swings to net profit19 April 2012, Published under Cement NewsDG Khan Cement, Pakistan’s second-biggest producer, swung to a third-quarter profit thanks to an increase in prices. Net income in the three months ended March 31 was PKR754.6m (US$8.3m), compared with a loss of PKR5.32m in the same period a year ago, according to a statement to the Karachi Stock Exchange. Sales rose 21 per cent to PKR6.23bn. |
Fauji Cement reports drop in profit, Pakistan17 April 2012, Published under Cement NewsPakistan cemet producer, Fauji Cement Company, has reported a lower profit after tax of PKR140.391m (US$1.55m) during nine months ending 31 March, 2012. According to financial results sent to the Karachi Stock Exchange, pre-tax profit fell to PKR286.417 due to higher financial costs during the period under review compared to PKR369.294m in the same period last year. Earnings per share also dropped to PKR0.109 compared to PKR0.438 in 2011. |
Pakistan prices see further rises10 April 2012, Published under Cement NewsCement producers in the Sindh and Balochistan regions have increased cement prices by PKR10/bag – the second increase in just over two weeks, according to reports by local press. Cement prices were hiked by PKR10-15/50kg bag on 26 March citing a rising demand in the summer as a reason. This followed a January 2012 rise, where prices increased by PKR2.5/bag. Analysts said repeated hikes in cement prices would affect construction activities as the construction cost of many projects would... |
Pakistan domestic sales rise, exports drop05 April 2012, Published under Cement NewsPakistan cement sales increased 14.8 per cent in March following however exports continued their downward trend by falling 23.72 per cent. A spokesman from the All Pakistan Cement Manufacturers Association (APCMA) said that domestic sales crossed the 2.55Mt mark. In the first nine months of the fiscal local sales were 17.39Mt compared to 16Mt in the same period last year, representing growth of 8.4 per cent. The spokesperson said: “This is better but we need much more sales to ut... |
Improving prices forecast to raise margins, Pakistan03 April 2012, Published under Cement NewsPakistan cement industry is forecasted to earn good margins during the last quarter of the current fiscal as cement prices increase on rising sales volumes. According to a report by InvestCap, local cement manufacturer and exporter firm Fauji Cement (whose capacity has been increased by commissioning of a new 7200tpd plant in 1HFY12) would be the main beneficiary of an increase in prices followed by Lucky Cement, DG Khan Cement and others. The report noted that cement prices are on th... |
Pakistan eight-month export sales rise in value terms29 March 2012, Published under Cement NewsDuring the first eight months of the current fiscal (July 2011-June 2012), Pakistan cement exports have progressed in terms of value while the markets of Afghanistan, India and Saudi Arabia look promising. The eight month period (July 2011-February 2012) saw Pakistan export 5.855Mt of cement with a value of US$303.127m compared to 5.905Mt at US$290.852m in the corresponding period of last year. This shows that cement export fell slightly by 0.85 per cent in terms of quantity but were up... |
Lucky Cement inks power supply agreement, Pakistan22 March 2012, Published under Cement NewsLucky Cement plans to sell additional electricity to the Peshawar Electricity Supply Company through its plant in Darra Pezu, Pakistan. The daily Business Recorder reported that Lucky Cement is holding meetings with Pesco to sell 15-20MW of electricity to overcome prevailing power shortages in the district of Lakki Marwat and Dera Ismail Khan and the adjacent areas of Lucky Cement’s plant. Lucky Cement has its own power generation units at both its production faclities in Karachi and D... |