Cement News tagged under: Iraq
Iran exports 7.1Mt of cement in 7FY17-1815 November 2017, Published under Cement NewsIran has exported cement to the value US$233m in the first seven months of the current financial year (started 20 March 2017). In terms of volumes, 7.1Mt of cement were exported to some 34 countries during this period. Exports included US$5000 of white Portland cement to the US but Iran’s main customer was Iraq, with an offtake of cement to the value of US$64m. Smaller shipments were delivered to Afghanistan (US$46m) and Kuwait (US$23m). In terms of products, white cement was the most... |
Lucky Cement updates on operations at home and away04 August 2017, Published under Cement NewsLucky Cement has provided an update on operations in the Democratic Republic of Congo, as well as capacity expansion plans in Iraq and Pakistan, during a corporate briefing organised by Elixir Securities (Pakistan) earlier this week. Stabilising market dynamics in the DR of Congo have resulted in Lucky Cement witnessing healthy growth from its operations in the central African country. As a result, the utilisation rate is expected to improve. However cement prices (currently hovering aroun... |
Iraq and Pakistan discuss co-operation for cement industry13 April 2017, Published under Cement NewsIraq and Pakistan have discussed close mutual cooperation in the areas of cement, trade and commerce. While meeting Shamim Ahmed Firpo, president of the Karachi Chamber of Commerce and Industry (KCCI) on 12 April, Ambassador of Iraq in Pakistan, Dr Ali Yasin Mohammed Karim, said that some factories including 18 cement plants were available in Iraq, but they were not working properly as compared to Pakistan’s advanced industrial units and infrastructure. "As factories in Iraq need imp... |
Iraqi forces liberate Badush works27 March 2017, Published under Cement NewsThe Iraqi Ministry of Defense’s War Media Cell announced on Sunday that security forces have managed to liberate the Badush cement plant in western Mosul, according to Iraqi News. The news service reported that Commander of Operations, Lieutenant General Abdel Amir Yarallah, said in a press statement that troops of the army’s ninth armoured brigade fully liberated the plant. Security forces also raised the Iraqi flag over the building of the plant, the report added. Earlier this month Coun... |
Iraq: Badoush Cement Factory destroyed in struggle for Mosul15 March 2017, Published under Cement NewsReports from Iraq indicate that Badoush Cement Factory has been destroyed in the fighting resulting from the Iraqi government’s efforts to retake western Mosul from Islamic State (IS). The government’s latest offensive is a continuation of the operations that saw eastern Mosul recaptured in January. According to government sources, the Badoush plant was set ablaze by IS forces conducting a scorched earth withdrawal. However, a Kurdish source suggests that the plant was also targeted by... |
Lucky Cement: Karachi expansion scheduled for end-201722 February 2017, Published under Cement NewsLucky Cement Ltd is currently undergoing a series of investments in capex projects. Its 1.25Mta Karachi plant expansion poject is scheduled to be operational by the end of 2017, while the company is still in the process of seeking approvals and necessary authorisations for a 2.3Mta greenfield integrated cement plant in Punjab province. Company officials hope that construction at the Punjab site will start by the end of June 2017. In addition, the 10MW waste heat and recovery (WHR) syste... |
Iranians advised to view Iraqi cement as an investment opportunity20 February 2017, Published under Cement NewsThe head of Iran-Iraq Chamber of Commerce, Yahya Al-e Es'haq, has advocated that Iranians should invest in the neighbouring cement market of Iran. "During a meeting with Iraq's minister of industry and minerals, the Iraqis said they intend to make their industries self-sufficient and that they do not want to be a sole importer of goods [such as cement] from Iran," Mr Al-e Es'haq added. "Close to 70 per cent of Iraq’s cement plants are working below capacity and can be revitalised throug... |
Lucky Cement sees half-year profits rise 12.5% to US$67m27 January 2017, Published under Cement NewsLucky Cement has announced that its profits rose by 12.5 per cent YoY in the last six months of 2016 to PKR7bn (US$67m). In a statement to the Pakistan Stock Exchange, Lucky revealed that it had sold 3.5Mt of cement and 235,000t of clinker during the first six months of FY17. Cement sales improved over the previous year by 5.4 per cent, while no clinker sales at all took place in the corresponding period in FY16. Cement production also rose to 3.5Mt, up six per cent on FY16, while clin... |
Iran: IME to resume cement trading05 January 2017, Published under Cement NewsThe Iran Mercantile Exchange’s (IME) export trading board, established to curb unhealthy competition among cement producers and other trades, is all set to resume cement trading, the head of the country's Cement Employers Association, Abdolreza Sheikhan, said. Founded in 2006, IME trades in agricultural, industrial and petrochemical products in the spot and futures markets. Iran's cement industry has been dealing with low demand and the consequent liquidity issues for the past few years,... |
Pakistan: Lucky Cement considers buying Hattar plant and investing in Iraq09 December 2016, Published under Cement NewsLucky Cement has announced that it has begun the due diligence process for the purchase of Dewan Cement’s 1.134Mta Hattar plant and that separately it would look to expand its grinding plant in Basra, Iraq, according to Pakistan’s The News. Lucky’s corporate strategy calls for an expansion of its business into northern Pakistan, for which the Hattar plant – located around 25km from Islamabad – is well suited. The Basra plant, which Lucky holds as a joint-venture with an Iraqi partner, ... |