Cement News tagged under: indian sub-continent
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... |
Lucky Cement is reaping the benefits of expansion25 March 2024, Published under Cement NewsAccording to AKD Research, Lucky Cement has demonstrated prowess in seizing opportunities, particularly through efficient coal inventory procurement, per management guidance. This strategy has resulted in the company achieving the highest gross margins among its peers, standing at 36.4 per cent in 1HFY23-24, with unconsolidated earnings doubling over the previous year. Similarly, consolidated earnings remained robust, driven by the growth in power subsidiary earnings (up 84 per cent YoY) a... |
UltraTech Commissions Roorkee brownfield project25 March 2024, Published under Cement NewsUltraTech Cement has commissioned 1Mta of brownfield cement capacity at Roorkee , Uttarakhand taking the Unit’s capacity to 2.1Mta. This forms part of the 22.6Mta capacity expansion announced in June 2022. With this commissioning, the company’s total grey cement manufacturing capacity in Indianow stands augmented to 138.39Mta. |
Lucky Cement diversifies mining business22 March 2024, Published under Cement NewsThe Competition Commission of Pakistan (CCP) has recently approved two mergers (cement and fertiliser firms) in the mining of copper and minerals in the Balochistan province of Pakistan. CCP approved the acquisition of a cumulative 66.66 per cent shareholding in National Resources (Private) Ltd by two publicly-listed companies: Lucky Cement Ltd and Fatima Fertilizer Co Ltd. National Resources (Pvt) Ltd is engaged in mining, surveying, extracting, excavating, mining and boring minerals. Its ... |
TUSDEC initiates global chain study22 March 2024, Published under Cement NewsTechnology Upgradation and Skill Development Co (TUSDEC), established by Pakistan's Ministry of Industries and Production, has announced that it is working to upgrade the technology and skills of key and strategic industrial clusters to connect Pakistan to the global value chain. TUSDEC is implementing the “National Strategic Programme for Acquisition of Industrial Technology (NSPAIT)” project. This strategic programme will include selected key industrial sectors to upgrade Pakistan’s indu... |
Track and trace system for cement and auxiliary products in Pakistan21 March 2024, Published under Cement NewsThe Federal Board of Revenue of the Government of Pakistan (FBR) is seeking applications for the grant of five-year licence(s) under Licensing Rules, 2019, of track and trace system/solution (TTSS) for electronic monitoring of cement and auxiliary products manufacturers and importers in Pakistan. The licensee(s) will be responsible for the end-to-end installation and operation of a TTSS connecting manufacturing sites and import stations to the FBR's central control room (CCR). The TTSS wo... |
Mixed Pakistan export revenue trend in 8MFY23-2419 March 2024, Published under Cement NewsPakistan’s cement industry has registered noticeable growth in the first eight months of FY23-24 (July 2023-February 2024), due to the continued good exchange rate of the Pakistani rupee against foreign currency and other factors. Pakistan’s cement and clinker exports increased by 39.3 per cent in the 8MFY23-24 to US$163.9m (4.245Mt), compared to US$117.69m (2.473Mt) in the 8MFY22-23, the Pakistan Bureau of Statistics (PBS) said. In Pakistani rupee terms, export revenue saw a significant ... |