Cement News tagged under: Cherat Cement
CTP Team Srl wins two ESP to baghouse projects in Pakistan30 October 2018, Published under Cement NewsPakistan-based cement producers Popular Cement and Cherat Cement have chosen CTP Team Srl for the company's expertise in de-dusting and air filtration system to carry out emissions control projects at their cement plants. Popular Cement has chosen the Italian dedusting specialist to convert its ESP to a baghouse at its cement mill using European state-of-the-art technology, before resuming operations at the plant following a nine-year stoppage. Meanwhile, Cherat Cement needed to co... |
Cherat Cement posts FY1Q profit fall17 October 2018, Published under Cement NewsCherat Cement Company Ltd (CCCL) has announced its financial results for the period ending 30 September 2018. The company reported a net profit of PKR431m (US$3.23m) in 1QFY 18-19, down by 28.87 per cent YoY. According to the company's notification to the Pakistan Stock Exchange (PSX), CCCL’s net revenue shrank to PKR3.34bn from PKR3.89bn during this period. Company sales during the quarter dropped by 14 per cent YoY, likely due to a slowdown in dispatches following the caretaker governmen... |
Pakistan cement companies recognised for corporate and sustainability reports08 August 2018, Published under Cement NewsThe Institute of Chartered Accountants of Pakistan (ICAP) and Institute of Cost and Management Accountant of Pakistan (ICMAP) have awarded Best Corporate and Sustainability Report 2017 (BCSR) Awards to more than 40 companies, including several cement firms for their reports. The award-winning cement companies included Cherat Cement, Lucky Cement Ltd, Maple Leaf Cement Ltd and Thatta Cement Ltd. Tariq Hassan, chairman of Audit Oversight Board, Richard Morin, CEO of the Pakistan Stock Excha... |
Capacity in Pakistan inches ahead24 May 2018, Published under Cement NewsThe capacities of Pakistan's cement industry in the north and south of the country are regularly being expanded. As a result, total cement capacity in Pakistan is on track to increase from 47Mta in FY17 to 56.6Mta by the end of FY19. Bestway Cement (BWCL) has reportedly started trial production at its 1.8Mta brownfield cement plant in the north. According to market sources, the commercial operations are expected to begin by 15 June 2018, contrary to earlier expectation of commencem... |
Cherat Cement reports 15% net profit increase26 April 2018, Published under Cement NewsPakistan’s Cherat Cement Co Ltd has announced its 9MFY18 results, reporting a 14.6 per cent YoY increase in net profit to PKR1.79bn (US$15.49m). Net sales increased 66 per cent to PKR11.14bn, compared with PKR6.71 of the year-ago period. However, the company’s distribution cost increased by 18.6 per cent to PKR248m, according to its statement to the Pakistan Stock Exchange. The company has a cement production capacity of 2.42Mta from its facility in Nowshera. |
Pakistan's local dispatches expected to grow at 3% in September29 September 2017, Published under Cement NewsExperts foresee that total cement sales in September 2017 to observe a decline of two per cent YoY to clock in at 3Mt. Out of which, exports are likely to depict a downward trajectory, dropping by 26 per cent YoY to 387,000t while local dispatches are expected to grow three per cent YoY to 2.6Mt. According to estimates of local research house, region wise distribution suggests that domestic sales during September in the north and south registered growth of five per cent YoY to 2.2Mt and ... |
Bestway and Cherat show good financial results24 August 2017, Published under Cement NewsBestway 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... |
New orders for Gebr Pfeiffer in South Asia20 April 2017, Published under Cement NewsGebr Pfeiffer has announced that it has received orders for its MVR grinding technology for two South Asia-based cement plants. Wonder Cement switches to Gebr Pfeiffer vertical roller mill for cement grinding Wonder Cement has selected Gebr Pfeiffer’s MVR 6000 C-6 with a 5280kW drive mill for cement grinding at its cement plant Nardana, in the Indian state of Maharashtra. It will produce mixed cements with finenesses of up to five per cent R45µm. Until now, the customer has used combi... |
Pakistan: Cherat Cement sees FY1516 profits rise 9%25 August 2016, Published under Cement NewsCherat Cement Company has reported a rise in net profits of 9.1 per cent for the year ending June 30, 2016, Pakistan's The News reports. Profits reached PKR1.4bn (US$13.3m) on sales revenues of PKR7.1bn – the latter up by 7.8 per cent. Faizan Ahmed of JS Global said that the rise was drive by stronger sales and falling energy prices, stating: “Most of the increase in dispatches was led by local dispatches as exports continued to wither throughout in FY16. This shift has resulted into high... |
Pakistan cement industry's US$1bn expansion03 June 2016, Published under Cement NewsThe steady growth of Pakistan’s cement industry saw the sector attract investment of US$1bn in the current financial year, an economic survey has revealed. Economic Survey 2015-16, released today by Pakistan’s Ministry of Finance, finds that the cement industry is focussing on capacity expansion in view of ever-growing domestic demand and a focus on exports to African markets. Four companies have already announced further investment plans: Cherat Cement, Attock Cement, DG Khan Cement and ... |