Cement News tagged under: Iraq

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Lucky Cement not to build cement plant in India

04 December 2012, Published under Cement News

Pakistan’s leading cement manufacturer and exporter Lucky Cement Ltd has officially informed the Karachi Stock Exchange (KSE) that it is not establishing a cement plant in India.  The company is, however, proceeding as planned with two new overseas ventures.   The official note by Muhammad Suhail, company secretary of Lucky Cement to the KSE stated: “We would like to clarify that our company (Lucky) has neither decided nor planned to set up any cement plant in India.” Local media repor...

Gebr Pfeiffer wins Iraq grinding order

03 December 2012, Published under Cement News

Sinoma (Suzhou) Construction, acting as general contractor for GRD Cement Plant Company Tainall’s new kiln line, has once again placed an order for an MPS 5000 B vertical roller mill for raw material grinding. The grinding plant will be set up in the GRD's 5000tpd cement line located near the town of Sulaimaniah in northern Iraq. The MPS vertical roller mill to be supplied is designed for a capacity of 450tph at a product fineness of 12 per cent R90µm.

Lucky Cement 1Q net rises, updates on international expansion

26 October 2012, Published under Cement News

Lucky Cement has reported a strong rise in profit after tax for the first quarter of the current fiscal year and provided a progress update on its expansion into Iraq and Democratic Republic of Congo. The company declared an after tax profit of PKR2014m (US$21m) for the quarter ending 30 September 2012, representing an increase of 33.79 per cent higher than the same period of last year, thanks to higher domestic sales. Gross profit increased by 32.87 per cent as net sales revenue improve...

Dangote sets sights beyond Africa

24 September 2012, Published under Cement News

Dangote Cement is expanding out of Africa. While its chairman Aliko Dangote remains firmly committed to the continent and its 40Mta production capacity owned by the company, he has set his sights beyond its borders – starting with Iraq and Myanmar, where plant construction could start as early as next year. When asked why he is investing specifically in those locations, he gives the example of Myanmar. As the country opens up, the opportunity is currently there to invest but may disappear at...

Lucky Cement to construct Iraq grinding plant

27 April 2012, Published under Cement News

Pakistan’s Lucky Cement is to construct a 0.87Mt grinding plant in Iraq through a joint venture, according to reports by the Associated Press of Pakistan. The company is to invest US$15m in the cement plant which is estimated to cost US$30m. The technical and financial evaluation of the proposed project has already been carried out by the team of experts. Similarly, the board also decided to invest in the equity of its newly incorporated associated company Yunus Energy Ltd, a 50MW wind fa...

Lafarge Jordan Cement 2011 losses

10 April 2012, Published under Cement News

Lafarge Jordan Cement reported JOD20m worth of losses in 2011 and revenues dropped 21 per cent YoY to JOD134m, according to reports in The National. The company, which once had a monopoly in the country, has been struggling from increased competition ever since a fourth cement factory opened in March last year, while rising costs have impacted revenues. Lafarge Jordan Cement has two plants, in Al Fuheis and Al Rashadiyah, with a combined production capacity of 4.8Mta. Production i...

Falluja Cement factory to be rehabilitated, Iraq

23 February 2012, Published under Cement News

Iraq’s Ministry of Industry and Minerals has signed a 20-year investment contract to rehabilitate the Fulluja Cement Factory, as the country emerges seeks to attract inward investment to accelerate the rehabilitation of the economy. A statement by the ministry said it has “signed a contract with an Iraqi company, backed by Arab and foreign companies, to rehabilitate and operate the Falluja Cement Factory, which ceased its production since 1986 due to technical and economic problems," said...

Iraq – open for business

22 November 2011, Published under Cement News

Last September, a delegation of senior ministers from Iraq’s government convened in London for the first Iraq Mining conference. The message they wanted to convey was that Iraq, after decades of war and uncertainty, is now ready for business. The economy is open to foreign investors, security has improved, and the opportunity is there for those who wish to seize it. In this exclusive report, ICR examines the potential for the cement sector in Iraq. Iraq has experienced unimaginable t...