Cement News tagged under: Fauji Cement
Fauji Cement 9M net profits total PKR2.12bn09 May 2018, Published under Cement NewsAccording to Board of Directors report of Fauji Cement Co Ltd (FCCL), during the nine-month period ended 31 March 2018, it earned a net profit of PKR2.12bn (US$18.36m) as compared to PKR1.972bn (US$17m) in the same period last year. FCCL achieved capacity utilisation of 98 per cent, compared to 87 per cent in the corresponding period of the last year. FCCL's local dispatches stood at 2.328Mt, compared to 2.132Mt during the corresponding period of the last year, showing an increase of nin... |
Fauji Cement of Pakistan reports falls in profit of 6MFY17-1820 February 2018, Published under Cement NewsFauji Cement (FCCL) has announced its July-Dec 2017 results with net profit for the period falling to PKR1.26bn (US$11.3m) from PKR1.3bn (US$11.7m), earned in corresponding month of last fiscal year. This translates to a fall in profit of 2.7 per cent on a YoY basis. Experts say the profit falls are due to the increased costs of sale and distribution. According to a company bourse filing, its sales were up by 0.8 per cent to PKR10.26 bn in 6MFY17-18. The company incurred a distribution c... |
Fauji Cement announce plans for greenfield project14 December 2017, Published under Cement NewsFauji Cement Company Ltd (FCCL) has announced plans to set up a greenfield project. The Pakistan-based company currently operates a 3.43Mta cement plant in Jhang Bahtar, Attock District. Fauji Cement achieved 85 per cent capacity utilisation in the first quarter of FY2017-18, an increase from 72 per cent recorded in the year-ago period. The company also reported a rise in local dispatches in the same period, to 642,166t from 556,710t of the corresponding quarter the previous year. Expor... |
Fauji Cement Line II expected to be running at the end of October10 October 2017, Published under Cement NewsFauji Cement Company Ltd’s (FCCL) of Pakistan is making efforts to revive production from Line II following an accident last year which affected plant production. According to local research house, the company has taken the advantage of the line's needed reconstruction to expand its capacity from original 7200tpd to 7600tpd. FCCL suffered depressed operations in FY17 post collapse of its 2.16Mt clinker silo in May 2016, which halted operations of the line. However, the company is expecte... |
Pakistan's local dispatches expected to grow at 3% in September29 September 2017, Published under Cement NewsExperts foresee that total cement sales in September 2017 to observe a decline of two per cent YoY to clock in at 3Mt. Out of which, exports are likely to depict a downward trajectory, dropping by 26 per cent YoY to 387,000t while local dispatches are expected to grow three per cent YoY to 2.6Mt. According to estimates of local research house, region wise distribution suggests that domestic sales during September in the north and south registered growth of five per cent YoY to 2.2Mt and ... |
Fauji Cement sees full-year profit halve to PRK2.61bn21 September 2017, Published under Cement NewsFauji Cement Co Ltd reported a 51 per cent drop in net profit after tax to PKR2.61bn (US$24.5m) in FY17 from PKR5.36bn in FY16. The Pakistani cement producer saw sales edge up to PKR 20.423bn from PKR 20.044bn in FY16. However, costs of sale also increased to PKR15.98bn from PKR10.87bn in previous fiscal year as a production halt in Line II led to the purchase of expensive clinker. The line is expected to be back on-stream in October. The company incurred distribution cost of PKR166m and... |
Fauji Cement's second line to reopen in October23 August 2017, Published under Cement NewsThe second production line of Fauji Cement Company Ltd (FCCL) in Pakistan is expected to restart from October this year, easing pressure on company revenues weighed down by the cost of clinker procurement, a brokerage reported on Tuesday. Production from Fauji Cement’s major unit, located in Punjab, was suspended in May 2016 after a silo collapse, rendering the 7200tpd (2.2Mta) clinker production line non-operational.The collapse of silo, containing 25,000t of raw materials, necessitated ... |
Pakistan: Lucky Cement inaugurates WHR plant14 March 2017, Published under Cement NewsLucky Cement has inaugurated its 10MW fifth Waste Heat Recovery (WHR) power plant in Pezu, Khyber Pakhtunkhwa, Pakistan, on 15 February 2017. The fifth power plant, in collaboration with China-based Sinoma Energy Conservation Ltd became operational last month. Under this project, two 2400tpd cement production lines were used, which will provide sufficient heat for an installed power of 10MW. Speaking of the occasion, Mr Muhammad Ali Tabba, CEO Lucky Cement Ltd, said, "We, being one... |
Mixed 1HFY17 results for Pakistani cement producers16 February 2017, Published under Cement NewsThe latest series of business results of Pakistani cement producers show a mixed performance during the first half of the 2017 financial year. DG Khan Cement Company DG Khan Cement Company Ltd (DGKC) has announced its 1HFY17 financial result. It reported a profit after tax (PAT) of PKR4.506bn (US$42.9m) during 1HFY17 against a PAT of PKR4.080bn during 1HFY16, up 10 per cent, YoY. In line with trends, DGKC did not declare any dividend along with its 1HFY17 results. The company's... |
Pakistan: Fauji Cement and Sinoma sign WHR project19 December 2016, Published under Cement NewsSinoma Energy Conservation Co will supply and setup a power generation plant for Fauji Cement Co Ltd (FCCL), which will produce 7.6MW electricity by capping waste heat gases of cement plant from Line-1 and the Wartsila captive power plant. The project will commence on 1 January 2017 and will be commissioned in 14 months. This will be the second Waste Heat Recovery (WHR) power plant after the first one with a capacity of 12MW was commissioned on Line-2 on 23 March 2015. On completion... |