Cement News tagged under: Lafarge Pakistan
Lafarge Pakistan to go under hammer26 June 2014, Published under Cement NewsThree leading Pakistan cement producers are gearing up to acquire a majority holding in Lafarge Pakistan, with the bidding process expected to be concluded in the coming weeks. Bestway Cement, DG Khan and Kohat Cement, have received approval from their respective board of directors to separately bid for the acquisition of acquisition of 1.1bn ordinary shares of PKR10 each of Lafarge Pakistan, representing 75.86 per cent of the total issued and paid-up share capital of Lafarge Pakistan. ... |
Pakistan: Kohat Cement Co interested in 76% Lafarge Pakistan stake05 May 2014, Published under Cement NewsPakistan's Kohat Cement Company announced that it will participate in the bidding process for the acquisition of 1.1bn ordinary shares of PKR10 each of Lafarge Pakistan, representing 75.86 per cent of the total issued and paid-up share capital of Lafarge Pakistan, according to local news service The News. Vision Holdings Middle East, which holds a 47 per cent stake in Pioneer Cement, and DG Khan Cement have also expressed interest in acquiring the stake from Lafarge subsidiary Sofima SA. ... |
Lafarge Pakistan signs health and safety MoU with APCMA09 April 2013, Published under Cement NewsLafarge Pakistan and the All Pakistan Cement Manufacturers Association have signed a Memorandum of Understanding (MoU) for a health and safety training and awareness initiative. Mr Amr Reda, CEO of Lafarge Pakistan said in a statement: “The cement industry operates in an environment with multiple types of hazards, making it our priority to ensure the safety of all people working directly and indirectly in it.” The APCMA is encouraging all its members to study and apply these safety sta... |
Lafarge Pakistan swings to 3Q12 profit31 October 2012, Published under Cement NewsLafarge Pakistan reported that it earned PKR268.52m in the third quarter of 2012 compared to a loss of PKR308.38m (US$3.2m) in the corresponding period of last year. The advance is attributed to rising cement prices and increased domestic demand. Net sales rose to PKR2.22bn in 3Q12 from PKR1.914bn in 3Q11. It incurred distribution costs of PKR45.75m and administrative expenses of PKR136.44m compared to PKR81.89m and PKR119.55m in July-September, respectively. Financing costs fel to PKR220... |
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