Cement News tagged under: Dewan Cement

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Mounting challenges for Pakistan cement producers

08 July 2019, Published under Cement News

Pakistan's cement industry faces strong headwinds with new tax measures, an increase in gas and electric prices, unrest among cement distributors and retailers, dwindling local demands and negligible export to neighbouring countries, says a local research house. BMA Capital Management reports that challenging demand/supply outlook amid rising cost of operations triggered by supply chain constraints, a rise in federal excise duty (FED), etc has led to added pressure on cement prices. The e...

Dewan Cement strikes deal with Mega Conglomerate

08 February 2018, Published under Cement News

Mega Conglomerate Pvt Ltd has agreed to acquire a 87.5 per cent stake in Pakistan’s Dewan Cement, according to a bourse filing by BMA Capital Management Ltd. The acquisition will see 75 per cent shares pass hands through agreement and a further 12.5 per cent through a public offering. The deal follows a week of roller coaster movements, according to Pakistan Today. The amount of the acquisition was not disclosed.

Anhui Conch

27 September 2016, Published under Cement News

Anhui Conch is reportedly interested in acquiring a stake in Pakistan’s Dewan Cement Ltd (DCL), according to local media reports. While DCL denies the reports, a Chinese company, believed to be Anhui Conch, has been exploring investment opportunities in the country.  DCL operates two plants – one in southern Pakistan near Karachi and another in northern Pakistan near Kamilpur Hattar Industrial Estate – with a cement and clinker capacity of 2.89Mta and 2.76Mta, respectively. The company cu...