Cement News tagged under: Pakistan

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Pakistan cement dispatches contract in November and 5MFY23

06 December 2022, Published under Cement News

Pakistan's cement industry has recorded a YoY contraction of 16.82 per cent during November and 21.78 per cent in five months (July – November 2022) of the current FY2022-23. Cement dispatches/sales were disrupted due to a host of factors, including increased fuel prices, overall economic slowdown, flood impacts in the southern region, political unrest and multiple hikes in interest rates. The government increased interest rates last week by one per cent to 16 per cent. This will also dent...

Fauji Cement opens 8.8MW solar power plant

01 December 2022, Published under Cement News

In its quest to obtain self-sufficiency in power generation, and with the objective of using clean and green energy,  Fauji Cement  has held an inauguration ceremony at its  Wah cement plant , Pakistan. The company's MD, Qamar Haris Manzoor, inaugurated the company's new 8.8MW solar power plant. This will reduce 10,000t of CO 2 emissions, which is equivalent to planting 15,000 trees, claims the cement company. The Wah cement plant will now be producing 60 per cent of its total power need...

Attock Cement's new line to start at end of FY23

30 November 2022, Published under Cement News

The management of Attock Cement Pakistan Ltd (ACPL) has announced that its new 4000tpd (1.2Mta) line will come online by the end of FY22-23. Top managed disclosed this at an analyst briefing held to discuss the recent financial performance and give an outlook of the company in the future, according to a report of AHL Research.  The total expansion cost at Balochistan is estimated to be over PKR15bn (US$66.82m) and will be financed with a combination of debt and equity. Earlier, ACPL ins...

Bestway Cement's post expansion capacity will stand at 15.2Mta

30 November 2022, Published under Cement News

The top management of Bestway Cement Ltd organised a corporate briefing earlier this month to discuss the company's 1QFY22-23 results and outlook. The company's CFO, Muhammad Amir Khan, and Head of Budgeting, Treasury and Reporting, Muhammad Danish Khan, of Bestway Cement Ltd announced that the start of commercial operation of 7200tpd clinker line at the  Minawali location is expected in December 2022 and the 7200tpd clinker line in Hattar II will start up in March 2023. The post-expan...

PIBT reports volumes down in 1QFY22-23

29 November 2022, Published under Cement News

Pakistan International Bulk Terminal Ltd (PIBT) reported cargo volumes down to 2.133Mt in the 1QFY22-23 (ended 30 September 2022) compared to 2.782Mt reported in the same period of the previous financial year. The trend is in line with industry demand for imported coal. However, the terminal’s net revenue increased by 1.3 per cent YoY to PKR3.461bn in the 1QFY22-23 from PKR3.138bn. A loss of PKR437m was reported for the 1QFY22-23 period. The net loss after taxation has been attributed to t...

Bestway Cement receives Pioneer Award

29 November 2022, Published under Cement News

Pakistan’s Bestway Cement has been awarded the ‘Carbon Neutralisation Pioneer Award’ by LONGi Green Energy Technology Co Ltd, the largest solar panel manufacturer in the world, in recognition of the cement producer’s commitment to renewable energy. Bestway is the country’s second-largest cement producer with a cement production capacity of 12.9Mta. Not only was it acknowledged for introducing a waste heat recovery (WHR) power plant at all its production facilities, Bestway also installe...

Quarterly results propped up by steep price increases

25 November 2022, Published under Cement News

The latest quarterly results reveal that cement producers are increasingly turning to price rises to offset the ongoing jump in energy costs, while they struggle to maintain margins. In addition to price increases, companies are reviewing their energy portfolios, fuel types and accelerating the shift to alternative fuels. In Indonesia PT Indocement  saw its energy costs reach 50 per cent of total production cost in the third quarter of 2022, prompting the company to implement three price...

Pioneer Cement considers green and brownfield expansions

24 November 2022, Published under Cement News

Pioneer Cement Ltd (PIOC) of Pakistan is continuously assessing new avenues and business ventures, including green and brownfield expansions in the country, according to the company’s FY21-22 Annual Report. The introduction of the 10,000tpd Line III at PIOC's integrated cement works in  Khushab district, Punjab province, has increased total capacity at the plant to  17,300tpd. In addition, a  12MW waste heat recovery (WHR) facility and a 24MW coal power unit have been in operation ...

Kohat Cement presses ahead with Punjab project

23 November 2022, Published under Cement News

Kohat Cement Company (KOHC), based in northern Pakistan, has started developing the infrastructure for a greenfield production line in Khushab, Punjab province, the company said during a corporate briefing on its latest set of financial results. According to KOHC, land for the project has been acquired, while work on the development of infrastructure (such as utility connections, roads, etc) is in progress. The new line is expected to cost approximately PKR35bn (US$165m), comprising a 40 ...

APCMA elects new executive committee

23 November 2022, Published under Cement News

Muhammad Ali Tabba, chief executive of Lucky Cement , has been appointed chairman of the All Pakistan Cement Manufacturers Association (APCMA) for the 12 months ending September 2023. Senior vice chairman of the APCMA over the same period has been named as Kohat Cement ’s Aizaz Mansoor Sheikh, while Attock Cement ’s Babar Bashir Nawaz has been elected vice chairman. Also elected were eight executive committee members, including: Sayeed Tariq Saigol ( Maple Leaf Cement ) Azam Fa...