Cement News tagged under: Kohat Cement Company

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Kohat Cement profits fall by 25% in 1HFY17-18

27 February 2018, Published under Cement News

Kohat Cement Co Ltd (KCCL) has announced a fall of 24.9 per cent in profit YoY for the half year ended 31 December 2017. KCCL reported a profit after tax of PKR1.644bn (US$4.6m) compared to PKR2.19bn (US$6m), earned in corresponding period last year.   According to a notification of company to Pakistan Stock Exchange (PSX) on 26 February, its sales dropped by four per cent to PKR6.867bn from PKR7.164bn during this period. KCCL incurred a distribution cost of PKR68m against PKR71m in 1HFY1...

Kohat Cement receives credit for new 7800tpd line

27 November 2017, Published under Cement News

Kohat Cement Co Ltd has informed Pakistan Stock Exchange Ltd that a letter of credit for setting up 7800tpd grey cement line has been established. On 6 June 2017 Kohat Cement Co had decided to set up a new 7800tpd cement production line at its existing Kohat plant in Punjab province, along with a waste heat recovery (WHR) power plant.   The company currently has a capacity of 2.8Mta of grey cement and 150,000tpa of white cement. The company dispatched 2.08Mt (2016: 2.09Mt) of cement ...

Kohat Cement seeks approval for 7800tpd plant

10 October 2017, Published under Cement News

Kohat Cement Company Ltd (KOHC) of Pakistan is in process to get approval from concerned departments for its already-announced 7800tpd expansion project at plant site Kohat in the Khyber Pakhtunkhwa province of Pakistan. The expansion is expecting to come online by FY20. According to a report of Intermarket Securities Ltd, the project is estimated to cost around US$120m, which will be financed 50 per cent by debt and the remaining from internal cash generation.

Kohat Cement Co reports FY17 profit fall

19 September 2017, Published under Cement News

Kohat Cement Co Ltd (KOHC) of Pakistan has reported a FY17 profit after tax of PKR3.54bn (US$33.5m), a drop of over 19 per cent YoY. Total sales of the cement producer fell to PKR13.54bn during this period from PKR14.019bn of FY16. The company incurred selling and distribution expenses of PKR129m, and administrative and general costs of PKR163bn compared to PKR154m and PKR133m, respectively, when compared with FY16. Financing costs stood at PKR84m. The company also announced a fina...

Kohat Cement announces new line construction

07 June 2017, Published under Cement News

Kohat Cement Co is to construct a new 7800tpd production line at its cement plant Khyber Pakhtunkhwa province, the company informed the Pakistan Stock Exchange on 6 June 2017. The new project will also include a waste heat recovery unit. The additional capacity is expected to boost the company’s market share by four per cent to 9.2 per cent. Kohat currently has grey clinker and cement capacities of 2.5Mta and 2.8Mta, respectively. Earlier, the company said the installation of a 105tph...

Pakistan: Kohat Cement earnings up 4% YoY

23 February 2017, Published under Cement News

Kohat Cement reported earnings of PKR2.2bn (US$20.98m) in 1HFY17 compared to PKR2.1bn reported in the same period last year, up four per cent YoY.   The result accompanied a second interim cash dividend of PKR8/share, taking cumulative 1HFY17 payout to PKR12/share.   The company's total sale of cement stood at 1.06Mt compared to 1.03Mt in the first six months of the last financial year. Kohat's domestic sales of cement reached 988,159t and exports amounted to 81,271t during this period. ...

Pakistan: Kohat Cement interest in Dewan Cement

23 December 2016, Published under Cement News

Kohat Cement Company Ltd has joined the race to acquire Dewan Cement’s North plant, a 1.134Mta facility located at Hattar industrial estate in northern Pakistan. The company has informed the Security & Exchange Commission of Pakistan and Pakistan Stock Exchange on 16 December that its Board of Directors has decided to participate in the bidding process for the purchase of North cement plant and its related assets from Dewan Cement Ltd. As a result, it has authorised the management to condu...

Pakistan: Kohat Cement new milling capacity at year-end

20 July 2016, Published under Cement News

Kohat Cement Ltd (KOHC) says that work is going on its fourth cement mill to lift its current capacity of 105tph to take its total grinding capacity to 480tph at an estimated cost of INR650m. The mill will be operational by December 2017, says local report. The new mill will replace old technology and improve efficiency at the company's plant in Kohat, Khyber Pakhtunkhwa province. Headquartered in Lahore, Kohat Cement is one of the smaller cement players in the sector with a market s...

Pakistan: Kohat Cement reappoints chief executive

05 July 2016, Published under Cement News

Kohat Cement Company Ltd (KCCL) announced that it has re-appointed Aizaz Sheikh as chief executive and Nadeem Atta Sheikh as executive director for a term of three years commencing from 29 June 2016. The decision was made in the company's board meeting held on 2 July, in Lahore, says a notice sent to Pakistan Stock Exchange (PSX).

Pakistan: Kohat Cement WHRP starts operation

08 April 2016, Published under Cement News

Kohat Cement Company Ltd (KCCL) has informed Pakistan Stock Exchange (PSE) that its waste heat recovery project (WHRP) at Kohat, Khyber Pakhtunkhwa province, has been successfully set up and has started generating electricity since 1 April 2016. Khurram Shahzad, company secretary of Kohat Cement Co, stated that the new WHR plant was imported from China and its construction represents an estimated cost of PKR1.8bn (US$17.1m). As of March 2016, Kohat has a cement production capacity of 2....