Cement News tagged under: Maple Leaf Cement Factory

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Maple Leaf Cement Factory increases clinker capacity

07 April 2021, Published under Cement News

Pakistan’s Maple Leaf Cement Factory has expanded clinker capacity at Line 3 of its Iskandarabad plant in Punjab. The brownfield project has boosted the line’s capacity by 500tpd to 7800tpd. As a result, the company’s total grey clinker capacity has now reached 18,500tpd from 18,000tpd previously. This is in advance of the 7000tpd Line 4 project, which was announced last month.

Maple Leaf looks to expand WHR capacity

29 September 2020, Published under Cement News

Pakistan’s Maple Leaf Cement Factory Ltd has announced plans to expand capacity at its waste heat recovery plant to 25MW from 16MW. The project is expected to be worth INR1.8bn (US$24.38m) and is likely to be financed through debt. Sayeed Tariq Saigol, CEO, stated that the company has always endeavoured to reduce production costs and increasing its electricity production through the waste heat recovery plant will aid in this. The project is expected to begin by September 2021.

Maple Leaf Cement Factory Ltd posts PKR3.6m loss

14 September 2020, Published under Cement News

Pakistan’s Maple Leaf Cement Factory Ltd (MLCF) has reported a loss of PRK3.559m (US$226.3m) for the year ended 30 June 2020. Brokerage Arif Habib Ltd in a report said, “Topline of the company witnessed a dip of 21 percent YoY to PKR6bn in 4QFY20 as its dispatches tumbled 20 per cent YoY to 1.02Mt tagged with lower retention prices in the region.” In FY20 revenue reached PKR29.11bn, up 12 per cent YoY as lower retention prices offset the impact of a 41 per cent YoY hike in sales to 5.163M...

Five Pakistan cement producers to release 3Q results amid coronavirus pandemic

17 April 2020, Published under Cement News

Pakistan's leading cement companies are scheduled to announce on 23 April their financial results for the 3QFY19-20 ended 30 March 2020.   Analysts anticipate mixed results, carrying some negative reflection of mitigation efforts to stop the spread of the coronavirus in the country. During this accounting period, the pandemic started to spread and the government enforced lockdown to control it in all provinces, aiming social distancing. This later triggered the closure of some cement plants...

Maple Leaf Cement to elect new directors

24 December 2019, Published under Cement News

Maple Leaf Cement Factory Ltd (MLCF) will elect new directors for a three-year term at its Extraordinary General Meeting on 31 December 2019 in Lahore, Pakistan. Eight people have filed with the company as candidates for the directorships. They have been named as Tariq Sayeed Saigol, Taufique Sayeed Saigol, Waleed Tariq Saigol, Danial Taufique Saigol, Jahanara Saigol, Syed Mohsin Raza Naqvi, Shafiq Ahmed Khan and Zulfikar Monnoo.

Maple Leaf to elect new directors

13 December 2019, Published under Cement News

Maple Leaf Cement Factory Ltd has announced that an Extraordinary General Meeting of the members of will be held on Tuesday, 31 December 2019 in Lahore, to elect eight directors of the company, as fixed by the Board of Directors, in accordance with the provisions of Section 159 of the 2017 Companies Act for a term of three years commencing 31 December 2019 in place of the retiring directors.   The directors expected to retire from the board are: Tariq Sayeed Saigal, Sayeed Tariq Saigol, Tauf...

High interest rates impacting cement companies in Pakistan

23 September 2019, Published under Cement News

Pakistani cement industry profitability in FY19 and moving forward is likely to be dented by high interest rates/financing cost as being reported by number of cement companies in country. According to a research report of BMA Research, multiple increases in interest rates in the last 20 months have increased finance costs significantly and cement companies may want to reduce this debt burden. As a result, analysts are of the view that this increased burden coupled with the economic slowdo...

Maple Leaf Cement starts up expanded grey clinker production

23 May 2019, Published under Cement News

Maple Leaf Cement Factory Ltd (MLCFL) has started production on its additional dry-process grey clinker line at its Iskanderabad site in Punjab, Pakistan, on 21 May 2019, according to the Company Secretary, Muhammad Ashraf, in a note to the Pakistani Stock Exchange. The 7300tpd line will increase the plant's clinker production capacity to 18,000tpd at an estimated project cost of PKR25bn (US$ 164.3m) . MLCFL is part of the Kohinoor Maple Leaf Group and currently operates two grey cemen...

Maple Leaf Cement Factory records net profits of PKR1.89bn in 9MFY18-19

25 April 2019, Published under Cement News

Maple Leaf Cement Factory Ltd (MLCFL) has announced its financial results for the nine-month period ended 31 March 2019 by declaring a net profit for the period of PKR1.89bn (US$13.34m), down 43.9 per cent YoY as compared to PKR3.37bn in the same period last year. Net sales of MLCFL during the 9MFY18-19 decreased to PKR18.28bn from PKR19.22bn during this period. MLCFL incurred a distribution cost of PKR607m, up when compared with PKR551m in the same period last year. The administrative e...

Cement continues to shine Pakistan's Stock Exchange

15 February 2019, Published under Cement News

Cement stock performance on the Pakistan Stock Exchange (PSX) continues unabated. According to a research house report, Pakistan equities closed marginally negative with benchmark KSE100 Index settling at 40,544 levels today. The market kicked off positive and traded in green for most part of the day but succumbed to losses in the end due to institutional selling.   Cement remained in the limelight owing to receding coal prices. As such, Fauji Cement Co Ltd shares were up 1.66 per cent, M...