Cement News tagged under: Maple Leaf Cement Factory

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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...

Maple Leaf Factory's new line more than 60% complete

15 January 2019, Published under Cement News

Maple Leaf Cement Factory Ltd is making progress on its expansion project. The company is setting up an additional 7300tpd dry-process clinker production line as a brownfield expansion at the company's existing site in Iskandarabad, Mianwali, Punjab, increasing grey cement capacity to 18,000tpd. FLSmidth won an EPC contract for the project. The total project is now estimated at a revised cost of PKR26bn (US$186.1m) including the impact of recent devaluation of Pakistani rupee. The project...

Pakistan cement companies recognised for corporate and sustainability reports

08 August 2018, Published under Cement News

The Institute of Chartered Accountants of Pakistan (ICAP) and Institute of Cost and Management Accountant of Pakistan (ICMAP) have awarded Best Corporate and Sustainability Report 2017 (BCSR) Awards to more than 40 companies, including several cement firms for their reports. The award-winning cement companies included Cherat Cement, Lucky Cement Ltd, Maple Leaf Cement Ltd and Thatta Cement Ltd.   Tariq Hassan, chairman of Audit Oversight Board, Richard Morin, CEO of the Pakistan Stock Excha...

Maple Leaf Cement updates about expansion

13 July 2018, Published under Cement News

Maple Leaf Cement Factory Ltd has advised the Pakistan Stock Exchange (PSX) about the company's progress on the implementation of the additional of 7300tpd clinker line at its Iskanderabad plant. The project will raise the plant's total grey cement capacity to 18,000tpd at a cost of INR25bn. The project cost is being financed approximately 17 per cent by way of right issue, 51 per cent through bank loans and the rest from internal cash generation. Letters of Credit (LCs) for supply a...