Cement News tagged under: Fauji Cement

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Fauji Cement opens 8.8MW solar power plant

01 December 2022, Published under Cement News

In 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 committee

23 November 2022, Published under Cement News

Muhammad 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 capacities

26 October 2022, Published under Cement News

In 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 player

20 October 2022, Published under Cement News

The 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 FY2022

22 September 2022, Published under Cement News

Pakistan-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 Pakistan

16 June 2022, Published under Cement News

As 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 1HFY22

11 March 2022, Published under Cement News

The 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....

Fauji Group receives largest syndicated cement financing project

04 January 2022, Published under Cement News

Pakistan's Fauji Group, parent company of Fauji Cement Co Ltd (FCCL) and Askari Cement Ltd (ACL), has announced the signing of PKR37.4bn (US$212.2m) syndicated term loan facilities for an expansion programme from a local banking consortium, led by Habib Bank Ltd (HBL).  The facilities, which have a combined project cost of PKR60bn (including a debt component of PKR37.4bn), will be used to enhance the company's total production capacity to 10Mta, making it the second-largest cement produce...

FCCL to become the third-largest player in the country

19 November 2021, Published under Cement News

Fauji Cement Company Ltd (FCCL)  informed the Pakistan Stock Exchange (PSX) on 18 November that its Board of Directors has approved the process of amalgamation of Askari Cement Ltd into Fauji Cement Co Ltd and its placement before the shareholders in the Extraordinary General Meeting of the company as Special Business for their approval as per requirements of the Companies Act of 2017. While commenting on the amalgamation, AHL Research stated that, pertinently, Askari has a cement capacit...

Fauji Cement sees sales up 15% YoY

22 February 2021, Published under Cement News

Pakistan’s Fauji Cement has seen a 378 per cent rise in profit to PKR905.2m (US$5.69m) for the October-December 2020 period, supported by higher retention prices. Sales also advanced 15 per cent YoY to PKR6.1bn against PKR5.3bn in the 2QFY19-20. Cement dispatches fell two per cent YoY to 914,000t.