Cement News tagged under: Indian sub-continent
Exports driving Pakistan cement sales04 April 2024, Published under Cement NewsTotal cement dispatches in Pakistan rose 3.9 per cent YoY to 3.941Mt in March 2024 from 3.795Mt a year earlier, according to the All Pakistan Cement Manufacturers Association. Local dispatches dipped 0.6 per cent YoY to 3.336Mt from 3.357Mt in March 2023, contained by extreme weather, including heavy snowfall in the north and flooding in the southern coastal city of Gwadar, as well as moderating but still high inflation, and the month-long holy month of Ramadan. Meanwhile, exports jumped a n... |
Maple Leaf Cement has bought shares in a fertiliser company04 April 2024, Published under Cement NewsMaple Leaf Cement Factory Ltd has acquired and settled 6m voting shares of M/s Agritech Ltd (formerly Pak-American Fertilizers Ltd), the first nitrogenous fertiliser plant built in Pakistan. “Under the above acquisition, Maple Leaf Cement Factory Ltd plus Maple Leaf Capital Ltd (person acting in concert) now hold 44,670,000 voting shares of the target company, ie 11.38 per cent aggregate shareholding (taken together with voting shares already held by MLCL) in the target company’s share ... |
Power Cement debuts export to the USA03 April 2024, Published under Cement NewsPower Cement Ltd has dispatched its first shipment to the USA. This shipment follows the start of exports to the Europe. On 27 December 2023, Power Cement marked a significant milestone as it successfully entered the European market by exporting its cement to the UK, marking the company's commitment to global expansion. It positions the company as a formidable force in the international construction materials arena, notably as the first Pakistani cement exporter to enter the UK market. ... |
Think tank to promote industrialisation in Pakistan02 April 2024, Published under Cement NewsPakistan's top trade body, the Federation of Pakistan Chambers of Commerce & Industry (FPCCI), has established a think tank including members from the cement industry to promote industrialisation/export in the country. Atif Ikram Sheikh, president of FPCCI, has formed a high-profile think tank of the apex organisation, comprising the nation’s top economic minds, governance specialists, industrialists, entrepreneurs, investors and exporters. The organisation will be called FPCCI’s Think Ta... |
Pakistan hopes to resume cement and other trade with India01 April 2024, Published under Cement NewsTwo federal ministers of Pakistan, Foreign Minister, Ishaq Dar, and Minister for Maritime Affairs, Qaiser Ahmed Sheikh, have shown intention to resume trade with India, which has been halted since August 2019 following India’s revocation of the special status for Jammu and Kashmir. Both ministers viewed that business people wanted the resumption of trade, but this required further talks and approval by the country's government and parliament. In addition, exporting cement from Pakistan via ... |
UltraTech Cement raises capacity with debottlenecking programme29 March 2024, Published under Cement NewsDuring the course of its capacity expansion programme, the UltraTech Cement ( Aditya Birla Group ) had identified opportunities for debottlenecking and efficiency improvements across various locations, including its wholly-owned subsidiary. Some of these upgrades have since been completed, resulting in additional production capacity of 2.4Mta. The increases in capacity were at the company's grinding units in Magdalla , Gujarat (+0.4Mta), Sonar Bangla , West Bengal (0.6Mta), Neem ka Th... |
Fauji Cement Co becomes Pakistan’s third-largest cement producer29 March 2024, Published under Cement NewsFauji Cement successfully commissioned its greenfield cement plant with a clinker capacity of 6500tpd at Shadan Lund district, Dera Ghazi Khan , within a record time of 13 months. With the commencement of operations of the new line on 30 November 2023, the company’s total cement production capacity increased to 10.6Mta, which established the company as the third-largest cement producer in Pakistan. Meanwhile, according to AKD Research, Fauji Cement effectively increased its local marke... |
A top official of Attock Group receives the highest civil award28 March 2024, Published under Cement NewsAttock Group of Companies in Pakistan congratulates Shuaib A Malik, Group CEO, on being conferred with the prestigious Sitara-e-Imtiaz by the government of Pakistan. He has been recognised for his outstanding contributions to fostering and facilitating foreign direct investment (FDI) in Pakistan's ever-challenging business environment. Attock Group of Companies includes the holding company Attock Oil Company Ltd (AOC). Its subsidiaries include Pakistan Oilfields Ltd (POL), Attock Refine... |
TARA and Promac boost LC3 commercial programme with MoU26 March 2024, Published under Cement NewsTechnology and Action for Rural Development (TARA) organised an LC 3 Celebration Day at its Head Office in New Delhi, India, on 19 March 2024. The event, supported by the Swiss Agency for Development and Cooperation, was kick-started by the signing of an MoU with PROMAC engineering. PROMAC engineering will cater to cement companies in India and across the globe to provide them a turnkey solution from ground-to-gate for producing calcined clay cement. TARA aims to develop the commercia... |
Pioneer Cement coal mix strategy impacting positively25 March 2024, Published under Cement NewsPioneer Cement Ltd (PIOC), which had a market capitalisation of US$110m on 8 March, will see healthy growth in profit and dividend yields, according to AKD Research. This is based on the company's past performance and steps taken to improve margin. The research house believes that improved fuel mix results may increase profitability. PIOC has exceeded market expectations, with a drop in coal prices and an increase in local coal in the fuel mix, resulting in gross margins expanding to 32... |