Cement News tagged under: Cherat Cement
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... |
Cherat Cement full-year net profit jumps, Pakistan28 August 2012, Published under Cement NewsPakistan-based producer Cherat Cement posted a rise in net profit to PKR436.8m for the fiscal year ended 30 June 2012 (FY12) from PKR68.851m, according to reports in the Pakistan Observer. Earnings per share rose to PKR4.57 in the period compared to PKR0.72. Turnover rose to PKR5.45bn in FY12 compared to PKR4.24bn in FY11 while the cost of sales increased to PKR4.30bn against PKR3.68bn. Pre-tax profit rose to PKR571.62m compared to PKR55.2m a year earlier. Cherat Cement supplies the North ... |