Cement News tagged under: DG Khan Cement

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Two applications for new capacity at Dera Ghazi Khan

09 October 2020, Published under Cement News

Two of Pakistan's leading cement manufacturers are seeking environmental approval from the Environment Protection Department (EPD), Government of Punjab, for setting up a cement plant in Dera Ghazi Khan. According to official communications of the government department, DG Khan Cement Ltd and Pioneer Cement Ltd have both applied to set up new capacity in the same region. The approval is necessary under section 12 of Punjab Environmental Protection Act (1997), amended in 2012. The gover...

DG Khan Cement wins export orders from the Philippines

09 July 2020, Published under Cement News

DG Khan Cement Company Ltd has procured cement export orders from the Philippines. The order was confirmed by a Pakistan government adviser. "Congratulations to DG Khan Cement for making a breakthrough in winning orders for export of cement to the Philippines. This follows on their success in China," said Adviser to Prime Minister on Commerce, Abdul Razak Dawood, in a tweet on Wednesday. "Once market reach extends, then market share will increase. Increasing geographical diversification i...

Five Pakistan cement producers to release 3Q results amid coronavirus pandemic

17 April 2020, Published under Cement News

Pakistan's leading cement companies are scheduled to announce on 23 April their financial results for the 3QFY19-20 ended 30 March 2020.   Analysts anticipate mixed results, carrying some negative reflection of mitigation efforts to stop the spread of the coronavirus in the country. During this accounting period, the pandemic started to spread and the government enforced lockdown to control it in all provinces, aiming social distancing. This later triggered the closure of some cement plants...

DG Khan Cement resumes production at Khofli site

06 April 2020, Published under Cement News

Pakistan will decide on 14 April, whether to allow the gradual opening of non-essential industries under full preventive measures to prevent the spread of the coronavirus. Provincial governments are also contemplating opening of part of their industry. However, the country's cement industry has already received the government's go-ahead to start production.   The cement industry had been hit hard by measures taken by federal and provincial governments to stop the spread. As a result, some m...

DG Khan Cement completes 12MW WHR power project

27 December 2019, Published under Cement News

Pakistan-based DG Khan Cement Co Ltd (DGKC) has informed the Pakistan Stock Exchange (PSX) that it has successfully completed installation and commissioning of a 12MW waste heat recovery power plant (WHRPP) with air-cooled condenser (ACC) technology at its 2.11Mta cement plant in Khairpur, Punjab. DGKC’s Company Secretary, Khalid Mahmood Chohan said: “[Through] this technology, process waste heat is absorbed in boiler to produce steam at suitable pressure to run a turbine for the generatio...

DG Khan Cement sales increased in 1QFY20

25 October 2019, Published under Cement News

DG Khan Cement Co Ltd (DGKC) of Pakistan has announced its consolidated financial results for the 1QFY20, ended September 2019. DGKC incurred a net loss of PKR1.44bn (US$9.2m) as compared to profit of PKR341m earned in the same quarter last year. The losses are attributed to an increase in the cost of sales, which increased to PKR10.25bn from PKR7.70bn during this accounting period. The finance cost also increased from PKR650m to PKR1.37bn during July-September 2019. The company's sales ...

Profitability of top six Pakistan producers remains under pressure in 1QFY20

21 October 2019, Published under Cement News

The top six cement producers in Pakistan are likely to report a fall in profits and losses in 1QFY20 on the back of significantly build-up in cost pressures, weak domestic demand, infighting among northern-based producers, local taxation issue and axle load factors, says a report of a local research houses. Analyst expects that the IMS Cement Universe (comprising Lucky Cement, Maple Cement, Kohat Cement, DG Khan Cement, Fauji Cement and Cherat Cement) to post combined net loss after tax o...

DG Khan Cement profit falls in FY19

17 September 2019, Published under Cement News

DG Khan Cement Company Ltd (DGKC) of Pakistan has announced its financial results for FY19 on 16 September. It declared earning of net profit of PKR1.609bn (US$10.3m) (unconsolidated) as compared to PKR8.837bn earned in the same period last year. It shows profit hugely dropped by 81.8 per cent. The fall in profit is reportedly due to increase in the cost of sale to PKR35.15bn from PKR21.92bn and finance cost from PKR574m to PKR3.6bn during this period despite increase in sale. The company s...

DG Khan Cement awards contract for power plants

09 July 2019, Published under Cement News

DG Khan Cement Company Ltd has signed an agreement with Sinoma Energy Conservation Ltd for supply of machinery and equipment for a 10MW waste heat energy power generation plant and a 30MW coal-fired power generation plant to be set up at Hub Cement plant in Baluchistan, Pakistan. DG Khan Cement Company has four cement plants, two plants located at Dera Ghazi Khan, one at Khairpur District, Chakwal and one at Hub Lasbela District (Balochistan). The combined capacity is more than 7.01Mt of...

DG Khan Cement's net profit falls by 47%

25 April 2019, Published under Cement News

DG Khan Cement (DGKC) has announced its unconsolidated financial results for 9MFY19. It reported net profit after tax of PKR2.62bn (US$18.5m), down 47 per cent YoY. The company's net sales surged by 30 per cent YoY to PKR 30.37bn from PKR 23.37bn during this period on the back of increases in cement prices and volumes (mainly exports), a research house remarked. Other highlights include a 46 per cent YoY increase in distribution expenses to PKR1bn, reportedly on account of a rise in exp...