Cement News tagged under: DG Khan Cement

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Pakistan is entering a new cement capacity expansion phase

17 September 2021, Published under Cement News

In a cement conference, conducted by AKD Securities Ltd CEO, Muhammad Farid Alam, on 15 September 2021, Pakistan's cement industry producers confirmed that the country has entered another expansion phase. The total installed capacity of the cement industry in Pakistan is currently at 69Mta, and a further 18Mta of capacity is in the pipeline. This will take total production capacity to 87Mta by FY24. Atif Kaludi, CFO of Lucky Cement Ltd, Muhammad Rehan, CFO at Attock Cement Pakistan Ltd, S...

DG Khan Cement reports 7% rise in revenue

27 April 2021, Published under Cement News

Pakistan’s DG Khan Cement has announced a net profit of PKR2.24bn (US$14.45m) in the first quarter of 2021, compared to a PKR1.07bn loss in the year-ago period. For the 9MFY20-21, the company has reported a PKR3.25bn profit against a PKR2.01bn loss in the first nine months of FY19-20. Sales revenues also advanced 6.5 per cent YoY to PKR35.37bn in the same period. "Sales, in value terms, registered growth primarily due to stable local cement prices amid soaring cement demand. Gross profit...

DG Khan Cement sees 161% rise in profit

22 February 2021, Published under Cement News

Pakistan’s DG Khan Cement recorded a 160.8 per cent surge in profit to PKR1.3bn (US$8.17m) for the quarter ending 31 December 2020, compared with PKR500.7m in the year-ago period. The increase has been attributed to a rise in retention prices and falling maintenance and repair costs. Sales declined 4.2 per cent YoY to PKR12.3bn from PKR12.9bn in the 2QFY19-20. Cement offtake also decreased seven per cent to 2.08Mt.

New cement capacity in Punjab planned

22 February 2021, Published under Cement News

Fauji Cement and DG Khan Cement plan new capacity in Punjab, Pakistan. Top industry officials believed that construction activity is picking up, and that there will be a significant spend on infrastructure. Thus, both cement companies' Board of Directors have decided to invest in additional cement capacity. Fauji Cement has approved the setting up of a 2.05MMa greenfield cement plant in Dera Ghazi Khan. The project's construction work is expected to commence within the current financial y...

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 ...