Cement News tagged under: Lafarge Pakistan Cement

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Lafarge Pakistan launches new Xtreme Bond product

02 July 2014, Published under Cement News

Lafarge Pakistan has launched its Xtreme Bond product, a new tile adhesive designed and developed by the company. The adhesive, unveiled at a ceremony in the capital Islamabad, has been specifically designed to combat risks that can occur during tiling, such as differential shrinkage, allowing the job to be completed within a shorter time period, it added. Mirza Sheeraz, brand manager of Xtreme Bond said: “Developing new innovative products that work to make the process easier for professi...

Several companies show interest in Lafarge Pakistan

12 May 2014, Published under Cement News

In response to a notice sent to the Karachi Stock Exchange by Lafarge SA to divest its entire holding (75.86 per cent) in Lafarge Pakistan Cement Limited (LPCL), local as well as international players have shown interest in acquiring the company. While the acquisition remains in the due diligence phase at the moment, seven companies/groups are currently believed to be vying for LPCL namely: Lucky  Cement, DG Khan Cement, House of Habib, Vision Holdings, Pioneer Cement, Bestway Cement and K...

A trio of producers eye Lafarge Pakistan Cement

08 May 2014, Published under Cement News

A three-way struggle looms for Lafarge Pakistan (LPCL) as Kohat Cement is the latest party to announce its interest in the assets of the only major cement producer in Pakistan. Kohat Cement's interest follows that of DG Khan Cement and Bestway Cement who are both keen on the purchase. The divestment of LPCL follows 'the merger of equals' to establish LafargeHolcim, which will become a giant cement producer in more than 90 countries with a balanced exposure to both developed and high growth m...

Expressions of interest for Lafarge Pakistan acquisition

01 May 2014, Published under Cement News

Two parties have officially expressed an interest in acquiring control of Lafarge Pakistan Cement, according to local press reports. Sofima SAS, a fully-held direct subsidiary of Lafarge SA, is divesting 100 per cent shares of its shares in Lafarge Pakistan Cement. DG Khan Cement (DGKC) informed all three stock exchanges and the Securities and Exchange Commission of Pakistan that it had received approval from its board of directors to participate in this [buying] process and to ta...

Lafarge Pakistan net sales rise 7% YoY

04 April 2014, Published under Cement News

Releasing further details on its 2013 performance, Lafarge Pakistan Cement said it saw net sales grow by seven per cent to PKR10.302m (US$105m) from PKR9624m. The company increased the use of alternative fuels from 28 per cent in December 2012 to 32 per cent in 2013. Power shortage persisted in the country and to avoid a complete shutdown the company rented generator sets. While this proved to be an extensive alternative, it resulted in a net gain for the company. Gross profit increased to...

Lafarge Pakistan donates to drought-affected Tharparkar district

21 March 2014, Published under Cement News

Rizwan Jamil (second-left), Lafarge Pakistan country marketing director, presents the donation to the Edhi Foundation Employees of Lafarge Pakistan have donated towards helping drought affected children and families in the Tharparkar district, Sindh province. A number of children have died in the Tharparkar desert due to the effects of the drought. The Edhi Foundation will use the money to fulfill basic needs of the drought-affected children and families in Tharparkar such ...

Lafarge Pakistan to issue 143m to Pakistan Cement Holdings

04 February 2014, Published under Cement News

Lafarge Pakistan Cement Ltd (LPCL) has received formal approval from the country's Securities and Exchange Commission to issue 143m shares to its holding company at par value (PKR10/share). This will increase the holding of Lafarge SA in Lafarge Pakistan from 73 to 76 per cent, according to a note to the Karachi Stock Exchange. The move, which reflects Lafarge SA's confidence in the Pakistani subsidiary, contradicts market newsflow that a potential sell-off or merger was on the cards. ...

Lafarge Pakistan 9M13 net profit rises 17.6%, third quarter disappoints

29 October 2013, Published under Cement News

For the first nine months of the year Lafarge Pakistan Cement earned a profit of 17.6 per cent but third quarter sales proved disappointing. For the Jan-September 2013 period the company reported of PKR903m (US$8.47m) compared to PKR768m in the same period of last year. However, during the quarter ending 30 September 2013, profit after tax fell by 86 per cent to PKR39m. According to analysts at Summit Capital this last quarterly performance were "unsatisfactory for more than one reason...

Lafarge Pakistan plans to issue shares

16 October 2013, Published under Cement News

Lafarge Pakistan Cement Ltd has called an extraordinary general meeting on 29 October 2013 to seek approval from shareholders to make arrangements to settle an outstanding payment of PKR1.434bn (US$13.5m). According to company, this amount represents technical and managerial support provided to the company by Pakistan Cement Holding Ltd (PCHL) which is payable in foreign currency. The continuous devaluation of Pakistani Rupee is posing increasing exchange losses to the company. With the co...

Lafarge Pakistan Cement earnings rise

27 August 2013, Published under Cement News

Lafarge Pakistan Cement posted earnings growth of 73.6 per cent in the first half of the year. According to a notice sent to the Karachi Stock Exchange the company’s profits jumped to PKR865m with earnings per share (EPS) of PKR0.66 compared to PKR499m (EPS of PKR0.38), in the same period of 2012.