Cement News tagged under: Cherat Cement
Cherat Packaging introduce polypropylene sacks02 June 2016, Published under Cement NewsCherat Packaging Pakistan and BSW Machinery have introduced 65g polypropylene sacks to hold 50kg of cement. This new sack technology offers a potential reduction in weight of 20 per cent compared to standard sack weight. BSW said that more than half of the cement factories in Pakistan have trialled and approved the polypropylene sacks, and now use them commercially. |
Pakistan: Producers to invest up to US$1bn in CAPEX18 April 2016, Published under Cement NewsCement producers in Pakistan will invest between US$700m and US$1bn in expanding capacity over the next few years, according to Mohammad Ali Tabba, chair of the All Pakistan Cement Manufacturers Association. According to an interview with Mr Tabba in the Nation, four companies have already announced expansion plans: Cherat Cement; Attock Cement; DG Khan Cement; and Lucky Cement. Capacity in 2015-16 stands at 45.6Mta. Despite this investment, Mr Tabba noted that the industry was not rec... |
Pakistan: Cherat Cement 1HFY16 profit rises 6%12 February 2016, Published under Cement NewsPakistan producer Cherat Cement Co reported a profit after tax of PKR676.2m (US$6.48m) in the first half of FY16 versus PKR639.8m a year earlier, which translates to a six per cent YoY rise. The company reported stable dispatches (+1 per cent) stemming from rising domestic sales which were up by 13 per cent YoY. The advance in local dispatches was attributed to an acceleration in private sector construction activity and the partial materialisation of the projects under the government's bu... |
Cherat Cement to invest in wind power joint venture, Pakistan11 September 2015, Published under Cement NewsCherat Cement Company Co Ltd (CCCL) informed the Karachi Stock Exchange (KSE) on 10 September. that it plans to invest up to PKR250m (US$2.4m) in a joint venture wind power generation company. The planned capacity of the power project is 50MW. Shareholder approval for investment in the proposed company will be sought at CCCL's annual general meeting to be held on 16 October 2015. Nine month performance During the first nine months of FY14-15, the company's overall dispatches increased... |
Cherat’s first-half boosted by domestic deliveries17 March 2015, Published under Cement NewsCherat’s Cement’s domestic sales increased by 10 per cent during the first half of the current Pakistan fiscal boosted by strong construction activity. Total dispatches over the period rose by four per cent, as exports to Afghanistan declined by six per cent. Turnover increased by four per cent. During the six months under review, production costs escalated mainly due to significant upward revision in electricity tariff, and imposition of fuel price adjustment levy. However, improved liqu... |
Pakistan: Cherat Cement to construct new 1.3Mta plant28 November 2014, Published under Cement NewsCherat Cement will construct a new plant with a cement capacity of over 1.3Mta. The project will cost PKR12bn (US$118m) and take 30 months to deliver. The new works will take the company’s overall production capacity up to 2.4Mta. Executive director at Cherat Cement, Abid A Vazir, explained that the facility is being built due to the increase in domestic demand, and is also expected to further increase the company’s market share and profitability. Highlighting financial performance, Yas... |
Cherat Cement looks to expand capacity, Pakistan21 November 2014, Published under Cement NewsPakistan-based cement producer Cherat Cement has reportedly decided to install a new production line with a production capacity of over 1.3Mta, according to a report in The News International (Pakistan). Citing Abid A Vazir, executive director of the company, the report states that expansion is being undertaken to meet expected increases in domestic demand. The increase is expected to be fuelled by government spending on major infrastructure projects, with a special focus on the constructi... |
Cherat Cement to increase capacity, Pakistan01 August 2014, Published under Cement NewsCherat Cement plans to invest PKR12bn (US$121.5m) in expanding capacity at its Pakhtunkhwa works, according to a company official. The company will be investing in a new 1.3Mta line, said Abid A Vazir, executive director of Cherat Cement. The decision to raise capacity is due to an expected rise in domestic consumption. The move will effectively double Cherat's capacity which currently stands at 1.1Mta. The term-loan for the project has been arranged. The project has reportedly been awa... |
Cherat Cement six-month profit rises 17% YoY, Pakistan10 February 2014, Published under Cement NewsPakistan-based producer Cherat Cement posted a profit after tax of PKR710m (US$6.74m) in the six months to the end of December 2013. This translates into a rise of 17 per cent YoY despite a drop in exports. On a quarterly basis, the company recorded a profit of PKR437m compared to PKR339m in the corresponding period of last year. In FY12-13, Cherat posted a record profit of PKR1.22bn, up 181 per cent from PKR435m in the previous fiscal. Cherat Cement operates 1.1Mta of cement capaci... |
Pakistan to report fall in dispatches in 1M1403 February 2014, Published under Cement NewsThe Pakistan cement industry is likely to post a MoM drop of 13 per cent of total dispatches in January 2014 as winter affected both domestic and export shipments, which were down by 13 per cent and 12 per cent, respectively. But 7MFY14 (Jul-Jan) total dispatches minutely improved by 0.4 per cent to 18.68Mt. According to estimates of leading brokerage houses, cement units located in the north dispatched 1.95Mt and 611,000t in the south during January 2014 (total 2.56Mt) compared to 2.37M... |