Cement News tagged under: Bestway Cement Co

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Bestway Cement to appoint new directors

14 November 2019, Published under Cement News

Bestway Cement Ltd of Pakistan has announced holding of extraordinary general meeting of the company on 5 December 2019 to elect eight directors for the next term of three years.   The new eight member’s team of directors would replace retiring directors namely, Mohammed Anwar Pervez, Muhammad Irfan Anwar Sheikh, Muhammed Younus Sheikh, Haider Zameer Choudhrey, Zameer Mohammed Choudhrey, Dawood Pervez, Njma Naheed Pirzada and Nazib Nazir.

Bestway Cement profit falls 23% in FY19

12 August 2019, Published under Cement News

Bestway Cement Ltd (BCL) has announced its financial results for the year ended 30 June 2019 on 8 August by declaring of net profit of PKR10.09bn (US$63m), amounting to a fall of 23.3 per cent YoY, as compared to PKR13.15bn in the same period last year. The company's net sales during the reporting year increased by 2.5 per cent to PKR79bn from PKR77.11bn during the same period last year. It incurred a lower distribution cost of PKR1.33bn against PKR1.62bn in the same period last year. Admi...

Topnewer brings energy savings to Bestway's Chakwal plant

14 May 2019, Published under Cement News

Topnewer awarded new contract at Bestway Cement's Chakwal plant, Pakistan On 27 April 2019, Topnewer's commissioning team arrived at Bestway Cement Ltd's Chakwal plant, Pakistan, to commission ball mill No 3 following the replacement of steel grinding media with ceramic grinding balls in the second chamber to reduce specific power consumption. Topnewer was invited to upgrade the ball mill, having successfully installed ceramic grinding balls at ball mill No 2 in Febru...

Bestway Cement's Farooqia plant completes 6000tpd expansion project

04 June 2018, Published under Cement News

Bestway Cement Ltd has completed the installation of its Farooqia plant brownfield expansion project, in Khyber Pakhtunkhwa province. The expansion also includes a 9MW waste heat recovery power plant. According to Bestway Cement's Company Secretary and General Counsel, Sehar Husain, the project has completed in a record time of 14 months. The Farooqia Line II commenced production on 31 May 2018 and has a clinker capacity of 6000tpd. The Bestway now has a total group cement capacity of 7.96...

Pakistan has eight brownfield cement projects underway

29 May 2018, Published under Cement News

The eight brownfield cement projects with a total capacity of 18.8Mta are at various stages of completion and scheduled to be commissioned between June 2019 and June 2020 at an estimated cost of over PKR159bn (US$1.37bn) in Pakistan, according to a research house report. So far, all the projects have completed, on average, at least 46 per cent of their construction. China-based Sinoma is currently building a 1.9Mta plant for Bestway Cement at a cost of PKR18.9bn and about 55 per cen...

Cement factories offer water solution to Supreme Court

09 May 2018, Published under Cement News

The Suo Motu case against Bestway-I, Bestway-II, DG Khan cement factories and Dandot Cement Co in Pakistan on the Shri Kates Raj Temple Pond issue seems to be wrapped, as the Supreme Court on 8 May, has received a proposal from the cement factories that they would find an alternative water source and pay for the water they use until then, local media reports. In November last year, the Supreme Court had taken notice of reports that the pond in the Katas Raj temple complex in Punjab was d...

Bestway Cement bags five CSR awards

22 January 2018, Published under Cement News

Bestway Cement has won five awards at the 10th Annual CSR Awards 2018 ceremony, held on 18 January in Islamabad, Pakistan.  Bestway won the coveted awards by the National Forum for Environment and Health (NFEH) in the categories of Green Energy Initiatives, Community Development and Service, Education and Scholarship, Vocational Trainings and Sustainability Initiatives.

Bestway and Cherat show good financial results

24 August 2017, Published under Cement News

Bestway Cement Ltd has announced earning a profit of PKR13.29bn (US$126m) for the financial year ended 30 June 2017, against PKR11.88bn in corresponding period last year. This showed profits jumped by 12 per cent for the Pakistan-based cement producer.   The company announced a final cash dividend of PKR3/share, which is in addition to interim dividend already paid at PKR9/share. Gross turnover stood at PKR71.44bn, increased from PK58.54bn of last year.   The company incurred selling an...

Bestway signs coal transport MoU with Pakistan Railways

10 January 2017, Published under Cement News

Bestway Cement Co and Pakistan Railways have signed a memorandum of understanding (MoU) for transporting from Sindh to Punjab. Under the MoU coal would be transported from Port Qasim and Bin Qasim Railway Station to Ushman Khattar and Pind Dadan Khan Railway Station. The agreement is for an initial six months with an optional six-month extension. Bestway Cement will deposit PKR150m (US$1.43m) to Pakistan Railways. Monthly deliveries of 14,000t and 6000t of coal would be transported from t...