Cement News tagged under: Maple Leaf Cement Factory
Maple Leaf Cement starts up expanded grey clinker production23 May 2019, Published under Cement NewsMaple 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 9MFY18-1925 April 2019, Published under Cement NewsMaple 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 Exchange15 February 2019, Published under Cement NewsCement 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% complete15 January 2019, Published under Cement NewsMaple 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 reports08 August 2018, Published under Cement NewsThe 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 expansion13 July 2018, Published under Cement NewsMaple 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... |
Maple Leaf announces 6% increase in net sales26 April 2018, Published under Cement NewsPakistan’s leading cement manufacturer, Maple Leaf Cement Factory, has announced its 9MFY18 results. The company’s net profit fell 14.7 per cent YoY, to PKR3.37bn (US$29.13m) from PKR3.95bn. Net sales increased 5.9 per cent to PKR19.3bn during the period, mainly due to 20.2 per cent quantitative growth in local sales. Local dispatches rose 20.1 per cent to 2.642Mt (9MFY17: 2.199Mt), while export sales volumes declined 38.7 per cent to 221,185t. No dividend was announced by the company... |
Maple Leaf Cement issued favourable ruling19 January 2018, Published under Cement NewsMaple Leaf Cement Factory Ltd announced on Thursday that Lahore High Court has approved the Environmental Impact Assessment (EIA) filed by the company. As a result, an order passed by the Environmental Protection Agency (EPA) last month to stop construction work at a new 7300tpd line, has been set aside. However, the company has been ordered by the court to maintain status-quo until a report delineating positive and negative areas for cement plants is issued by the Punjab Government. The ... |
Construction at Maple Leaf Cement Factory Ltd site put on hold02 January 2018, Published under Cement NewsMaple Leaf Cement Factory Limited (MLCF) has announced that construction work on a 7300tpd capacity expansion has been put on hold, following an order issued by the Environmental Protection Agency (EPA), Government of Punjab. MLCF has stated that it met all statutory obligations before commencing construction, and has therefore filed a writ petition to Lahore High Court. The dry-process clinker production line was supplied by FLSmidth in an effort to raise capacity to 18000tpd at the si... |
Pakistan: DG Khan and Maple Leaf projects on target21 November 2016, Published under Cement NewsWork on DG Khan Cement Co's US$300m Hub cement plant in Balochistan, Pakistan, is progressing well. The 9000tpd works is expected to receive major shipment between October 2016 and April 2017. Commissioning is scheduled for FY2018. Meanwhile, Maple Leaf Cement Factory's 7000tpd grey clinker plant has received approval from its Board. The PKR20bn facility is due to start commercial operations by December 2018. In addition, Maple Leaf has also established Maple Leaf Power Ltd, a wholly-... |