Cement News tagged under: Attock Cement Pakistan Ltd

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Pakistan: Attock Cement selects Hefei for new plant

04 January 2016, Published under Cement News

Attock Cement Pakistan Ltd has awarded a contract to Hefei Cement Research and Design Institute (China) for a new 4000tpd plant in Hub, Balochistan, the cement producer said. "The management of Attock Cement has concluded an agreement for setting up new 4000tpd cement manufacturing plant with all standard parts and accessories with Hefei Cement Research and Design Institute (China)," the company said in a bourse filing. In August the manufacturer informed the Karachi Stock Exchange that...

Pakistan: Attock Cement plans 3300tpd plant

14 August 2015, Published under Cement News

Attock Cement Ltd has planned an estimated capital outlay of US$120m to install a new plant with a clinker production capacity of 3300tpd, securities analyst Sajjad Hussain at BMA Capital said. Currently the company has a cash and short-term investment reserves of PKR3.8bn. The location of the new plant will be next to the existing Hub Chowki plant site in Lasbella, Baluchistan, in the western province of Pakistan. “However, the mode of financing is yet to be decided,” Mr Hussain said. ...

Attock Cement to remit US$24m Iraqi project

16 March 2015, Published under Cement News

Attock Cement Pakistan Limited (ACPL), Pakistan, one of Pakistan’s largest cement manufacturers and exporters, has received government approval to remit US$24m as an equity investment for the establishment of a cement grinding unit in Basra, Iraq. The permission was given by the the country's finance minister, Senator Mohammad Ishaq Dar, who chaired the meeting of the Economic Coordination Committee (ECC) of the cabinet at the Prime Minister’s Secretariat on 15 March.   An official governme...

Pakistan: Attock Cement to set up Basra grinding unit

19 August 2013, Published under Cement News

Attock Cement plans to invest US$25m in a new grinding plant in the city of Basra, Iraq, making it the third Pakistan-based cement manufacturer to venture into the Middle East and Africa region. The company exports cement to Iraq, South Africa, Sri Lanka, Tanzania, India, Somalia, Yemen and Sudan.

Pakistan cement producers post first quarter profit

19 October 2012, Published under Cement News

Two leading Pakistan cement manufacturers have reported a rise in first quarter FY13 profit. Maple Leaf Cement Factory Limited posted PKR384.409m profit in the quarter ended September 30, 2012 as compared to after tax loss of PKR228.279m in the same period last year. According to the financial results sent to Karachi Stock Exchange, the company's net sales increased to PKR3.807bn in this quarter against PKR3.356bn in the same quarter last year while cost of sales stood at PKR2.680bn aga...

Attock Cement full year profit rises, Pakistan

19 September 2012, Published under Cement News

Attock Cement Pakistan reported profit after tax to PKR1.44bn for the year ended 30 June 2012 compared to PKR684m in the previous year, thanks to higher prices. Net sales rose to PKR10.63bn in FY12 against PKR8.55bn in FY11 while cost of sales rose to PKR7.691bn against PKR6.8bn a year earlier. Pretax profit for  FY12 rose to PKR2.03bn compared to PKR1.03bn a year earlier.

Attock Cement profit rises, Pakistan

02 February 2012, Published under Cement News

Attock Cement Pakistan Ltd (APCL) has reported a YoY rise in first-half net profit of 116 per cent due to a rise in prices and an exemption in taxes. The Business Recorder notes that the company posted net profit of to PKR507m for the July-December period of the current fiscal against PKR235m in the same period last year. This translates into earnings per share (EPS) of PKR5.86 this year compared to PKR2.72 last year. Industry analysts are expecting sales to increase in the second half...