Cement News tagged under: Pakistan

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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...

Pakistan's cement export value rises 31%

21 May 2019, Published under Cement News

Pakistan’s cement export revenue for the first 10 months of the current fiscal observed a YoY growth of 30.9 per cent and 52.3 per cent in terms of dollar value and quantity, respectively, according to Pakistan's Bureau of Statistics (PBS). The country’s cement industry earned foreign exchange revenues of US$243.11m by exporting 5.71Mt of cement and clinker during the 10MFY18-19, compared to US$185.74m at 3.74Mt in the same period last year. In terms of export value in Pakistani rupee, ex...

Pakistan records 6% fall in cement production

20 May 2019, Published under Cement News

Pakistan's cement industry has recorded a 5.5 per cent YoY fall in production during the 9MFY18-19 from 31.22Mt to 29.52Mt, reportedly due to a drop in local demand amongst other factors. In March 2019 alone, cement production decreased by 11.9 per cent YoY to 3.5Mt from 4Mt. "The cement industry has been under pressure this fiscal as development expenditure has been slashed by 40 per cent from last year, however we were pinning hopes on the announcement of a programme to build 5m low-cos...

Lucky Cement receives corporate excellence award

16 May 2019, Published under Cement News

Lucky Cement Ltd has been awarded the 34th Corporate Excellence Award 2019 in the Cement Sector by the Management Association of Pakistan, for the fifth time in a row, last month. Lucky Cement stated in an announcement : "We thank our employees, business partners, customers and other stakeholders for helping us achieve this recognition. We continue to strive hard to reach new heights whilst focusing on the larger objective of continuing economic growth efforts of Pakistan." Before thi...

Gas supply to Lucky Cement Pezu plant cut off

08 May 2019, Published under Cement News

Lucky Cement has seen gas supply cut off at its Pezu plant as a result of the ongoing drive against gas theft undertaken by Sui Northern Gas Pipelines Ltd (SNGPL) in Khyber-Pakhtunkhwa, Pakistan. In a letter to Pakistani Prime Minister, Imran Khan, the company management highlighted the major shutdown at its Pezu plant in Lucky Marwat district, Khyber-Pakhtunkhwa. “For the past almost four months, we are facing major gas shutdowns atour plant and we have been raising the issue continuousl...

Kohat Cement records 18% sales increase

30 April 2019, Published under Cement News

Pakistan’s Kohat Cement Company Ltd (KCCL) has announced a 5.4 per cent YoY fall in profit after tax for the nine months ended 31 March, decreasing to PKR2.17bn (US$15.3m) from PKR2.29bn. However, sales increased by 17.9 per cent to PKR12.24bn during the 9MFY18-19. The company incurred a distribution cost of PKR109.4m, rising 16.4 per cent YoY from PKR94m in the year-ago period. Administrative expenses reached PKR191.7m compared to PKR150.7m in the corresponding period of the last fiscal.

Transaction of major stake in Dandot Cement is completed

30 April 2019, Published under Cement News

Dandot Cement Co Ltd has informed Pakistan Stock Exchange (PSX) that Calicom Industries has acquired 63,542,787 shares of the company. Earlier, the company had reported that it received an intention from Calicom Industries to acquire control and 63,542,787 voting shares (67 per cent of paid-up capital) of the company. The buyer is expected to invest in the modernisation of electrical equipment at its facilities. In the FY18 capacity utilisation at Dandot Cement stood at 44 per cent and...

Pioneer Cement announces 28% fall in net profit

30 April 2019, Published under Cement News

Pakistan’s Pioneer Cement Limited (PCL) has announced a 28.1 per cent YoY decrease in net profit to PKR825m (US$5.82m) for the nine months ended 31 March, compared to PKR1.14bn in the year-ago period. However, net sales increased 3.8 per cent to PKR10.43bn from PKR10.05bn. The company incurred a distribution cost of PKR132m against PKR114m in the 9MFY17-18. Administrative expenses also rose 22.1 per cent to PKR83m from PKR68m incurred in the same period last year. The company has a cem...

Dewan Cement reports 60% fall in net profit

29 April 2019, Published under Cement News

Pakistan’s Dewan Cement Ltd (DCL) has announced its financial results for the third quarter ended 31 March, reporting a 59.6 per cent YoY decline in net profit to PKR394m (US$2.78m) from PKR975m. The company’s net sales fell 8.5 per cent to PKR9.46bn from PKR10.34bn during the 3QFY18-19. It also incurred a higher distribution cost of PKR175m, against PKR158m of the year-ago period. Administrative expenses rose to PKR472m from PKR412m. DCL has a cement capacity of 1.76Mta in Dhabeji, Si...

Lucky Cement reports strong export sales in 9MFY18-19

29 April 2019, Published under Cement News

Pakistan’s Lucky Cement Ltd has reported a PAT of PKR8.29bn (US$58.53m) during the nine-month period ended 31 March, a 15.4 per cent fall compared to PKR9.80bn of last year. The profit declined despite the company having achieved an overall gross sales revenue growth of 3.3 per cent YoY to PKR52.32bn from PKR50.63bn, with the increase attributed to higher export sales volumes for clinker. However, the cost of sales during the 9MFY18-19 increased by 14.1 per cent per tonne, mainly due to an i...