Cement News tagged under: Fauji Cement
Fauji Cement Co to become Pakistan's third-largest cement producer25 April 2023, Published under Cement NewsFauji Cement Co Ltd (FCCL) heads to become the third-largest cement producer with a total cement production capacity of 10.5Mta in Pakistan, according to AKD Research. FCCL Commissioned its Nimazpur capacity expansion of a 2.05Mta plant at Khyber Pakhtunkhwa in late October 2022. Moreover, another capacity expansion of 2.05Mta at DG Khan is in the pipeline and is expected to be commissioned in 2QFY23-24. The research house has estimated that the current coal mix stands at 53 per... |
Cement industry profits are impacted by burgeoning financing costs21 April 2023, Published under Cement NewsSpectrum Research has reported that sluggish economic activities lead to a decline in Pakistan's construction materials demand, mainly cement and steel. The higher inflation and low purchasing power primarily contributed to reduced cement dispatches. Moreover, the higher interest rate increases the financing cost and reduces the sector's bottom line. This would be reflected in the financial results of Pakistani cement companies when they announce 3QFY22-23 or 9MFY22-23 (July-March 2023) res... |
Three Pakistan producers post profits in 1HFY22-2323 February 2023, Published under Cement NewsThree of Pakistan’s cement factories have posted a profit in operation between July and December of FY22-23 (1HFY22-23). However, double-digit inflation, a hike in interest rates and a sharp devaluation of the Pakistani rupee have dampened cement demand. Moreover, low GDP growth, high cost of construction materials and the cut in Public Sector Development Programmes (PSDP) saw cement dispatches decline by 21 per cent YoY in the 1HFY22-23. Fauji Cement Fauji Cement Co Ltd (FCCL) earned... |
Fauji Cement opens 8.8MW solar power plant01 December 2022, Published under Cement NewsIn its quest to obtain self-sufficiency in power generation, and with the objective of using clean and green energy, Fauji Cement has held an inauguration ceremony at its Wah cement plant , Pakistan. The company's MD, Qamar Haris Manzoor, inaugurated the company's new 8.8MW solar power plant. This will reduce 10,000t of CO 2 emissions, which is equivalent to planting 15,000 trees, claims the cement company. The Wah cement plant will now be producing 60 per cent of its total power need... |
APCMA elects new executive committee23 November 2022, Published under Cement NewsMuhammad Ali Tabba, chief executive of Lucky Cement , has been appointed chairman of the All Pakistan Cement Manufacturers Association (APCMA) for the 12 months ending September 2023. Senior vice chairman of the APCMA over the same period has been named as Kohat Cement ’s Aizaz Mansoor Sheikh, while Attock Cement ’s Babar Bashir Nawaz has been elected vice chairman. Also elected were eight executive committee members, including: Sayeed Tariq Saigol ( Maple Leaf Cement ) Azam Fa... |
Pakistani producers to expand cement capacities26 October 2022, Published under Cement NewsIn a cement sector update, MS Research has stated that four companies in Pakistan are expected to add extra capacity in FY22-23, lifting the current 70Mta of capacity by 11.7Mta by end March 2023. According to market sources and company announcements, Bestway Cement’ s (BWCL) greenfield expansion of 2.2Mta in Mianwali, Punjab, and Fauji Cement’ s (FCCL) 2Mta brownfield expansion in Nizampur, Khyber Pakhtunkhwa, have recently commenced trial operations. As both plants are located in the ... |
Fauji Cement to become Pakistan’s third-largest cement player20 October 2022, Published under Cement NewsThe Fauji Cement Company Ltd (FCCL) is currently undertaking two expansions to become the second-largest cement producer in the north of Pakistan and third-largest cement player in the country as a whole. Top officials from the company disclosed this during a corporate briefing on 18 October discussing the FY21-22 financial result (the FY21-22 profit of the company was the highest in history) and future outlook. According to Topline Pakistan Research, the merger of Askari Cement and ... |
Fauji Cement more than doubles revenue in FY202222 September 2022, Published under Cement NewsPakistan-based Fauji Cement Company Ltd has reported revenue of PKR54,243m (US$227m) in the year ended 30 June 2022, compared to PKR24,271m in the same period a year earlier. Over the 12-month period, operating profit advanced from PKR5053m to PKR11,982m, while profit for the year improved from PKR3471m to PKR7112m. Earnings per share in the year ended 30 June 2022 came in at PKR3.26, up from PKR2.52 in the year ended 30 June 2021. The company’s board of directors has also approved the s... |
Gebr Pfeiffer to supply three more MVR mills to Pakistan16 June 2022, Published under Cement NewsAs a follow-up to the state-of-the-art MVR mills recently supplied to Askari Cement's Nizampur plant, Gebr Pfeiffer has now been contracted to supply three additional MVR mills to Fauji Cement's new plant in Salar, Dera Ghazi Khan, Punjab province, Pakistan. Fauji Cement's merger with Askari Cement and the addition of the new lines will make Fauji Cement the third-largest cement producer in Pakistan with a total future capacity of 10.3Mta, Gebr Pfeiffer highlighted. As with the Nizampur ... |
Pakistani cement producers earn a profit in 1HFY2211 March 2022, Published under Cement NewsThe major players in Pakistan’s cement industry have reported a profit during 1HFY22 in Pakistan. The Spectrum Research has attributed to an increase in the topline, a decrease in finance cost and an increase in other costs during this period, particularly in the 2QFY22. However, most of the companies did not announce any dividends. Industry dispatches in 1HFY22 According to Lucky Cement , the cement industry-wide local sales volume registered a growth of 1.9 per cent to reach 24.... |