Cement News tagged under: Pakistan

RSS feed

Mixed trend in export and production observed in Pakistan

25 January 2022, Published under Cement News

Pakistan's cement and clinker exports have reported mixed trends in the earlier part of FY2021-11. A local research house attributed the results to a drop in exports from the southern part of the country, leading to a subdued performance. Exports The Pakistan cement industry earned US$143.76m in export revenue by dispatching 3.921Mt of cement and clinker overseas in the 6MFY21-22 (July-December 2021), compared to US$142.92m from 4.325Mt of exports in the year-ago period. As a resu...

Power Cement sign deal for 7MW power plant

10 January 2022, Published under Cement News

Power Cement Ltd has signed an agreement to set up a 7MW solar power plant at its existing site in Jamshoroo, Sindh state, Pakistan. Power Cement has decided to explore environment-friendly renewable energy solutions without incurring any major capital expenditures. " The company has signed an agreement with Burj Solar Energy (Private) Ltd for procurement of electricity on a fixed tariff (around 40 per cent lower than the existing grid tariff) for the next 20 years," a company bourse fil...

Pakistan cement records dismal performance in December

06 January 2022, Published under Cement News

According to the data released by the All Pakistan Cement Manufacturers Association (APCMA), total cement dispatches declined by 4.2 per cent in December 2021 to 4.59Mt from 4.79Mt dispatched during the same month last fiscal year.   AKD Research referred to this dismal performance to seasonality but expressed hope that the local demand remains vital for FY22 as economic activity continues to pick up where the private sector is expected to provide significant support to demand. Out ...

Fauji Group receives largest syndicated cement financing project

04 January 2022, Published under Cement News

Pakistan's Fauji Group, parent company of Fauji Cement Co Ltd (FCCL) and Askari Cement Ltd (ACL), has announced the signing of PKR37.4bn (US$212.2m) syndicated term loan facilities for an expansion programme from a local banking consortium, led by Habib Bank Ltd (HBL).  The facilities, which have a combined project cost of PKR60bn (including a debt component of PKR37.4bn), will be used to enhance the company's total production capacity to 10Mta, making it the second-largest cement produce...

Two Pakistan cement plants complete power projects

04 January 2022, Published under Cement News

Attock Cement Pakistan Ltd (ACPL) and Flying Cement Co Ltd (FCCL) have both opened new power plants in Pakistan. ACPL informed the Pakistan Stock Exchange that its 20MW solar power plant project has been completed at Hub Chowki, Lasbella in Baluchistan. According to ACPL Company Secretary, Irfan Amanullah, the solar power project was implemented at an estimated cost of PKR1.8bn (US$10.19m) in collaboration with lead consultant Attock Energy Pvt Ltd and leading Chinese suppliers.  Meanwhil...

Kohat Cement establishes a letter of credit for Punjab plant

30 December 2021, Published under Cement News

Kohat Cement Co Ltd (KOHC) has informed Pakistan Stock Exchange (PSX) that the company has established a letter of credit for the import of plant and equipment for the pyro-process optimisation of its 6700tpd grey cement production line at Khushab in Punjab. On 17 February   2021, the company approved, subject to all regulatory approvals, setting up of 7800- 10,000tpd cement plant (along with 8-10MW waste heat recovery and 25MW coal-fired power plants), in Khushab. The estimated cost of ...

Pakistan sees exports surge in November

22 December 2021, Published under Cement News

Pakistan's cement and clinker exports has reported mixed results between July 2021 and November 2021. According to a research house, exports observed a negative trend on a cumulative basis driven mainly by the political crisis in Afghanistan, as exports from the north reportedly remained disturbed. Elsewhere, exports from southern plants posted nominal growth. The industry earned US$115.99m in export revenue by dispatching 3.20Mt of cement and clinker overseas in the 5MFY21-22 (1 July-31 No...

Fauji Cement Co appoints new CEO

15 December 2021, Published under Cement News

The board of directors at Pakistan’s Fauji Cement Co Ltd has approved the appointment of Qamar Haris Manzoor as chief executive officer. The appointment became effective from 13 December 2021 and is expected to last until 12 December 2024.

Pakistan’s domestic dispatches grow, but exports declined in November 2021

07 December 2021, Published under Cement News

According to the data released by the All Pakistan Cement Manufacturers Association (APCMA), local cement dispatches during November 2021 were 4.124Mt compared to 3.742Mt in November 2020, showing an increase of 10.2 per cent YoY. However, exports declined by 9.2 per cent with volumes falling from 766,273t to 695,779t during this period.  In November 2021 northern-based cement mills delivered 3.469Mt of cement to domestic markets, representing an increase of 10.9 per cent against 3.129Mt ...

Pakistan plans new cement capacities for its northern zone

06 December 2021, Published under Cement News

Pakistan's five big cement manufacturers are in the process of raising total production capacity in the northern zone, targeting 73.6Mta by 2024 from 54.1Mta of 2021, expanding at an average annual growth of 12 per cent to meet the expected robust demands in Punjab and NPK provinces. In addition, the extra capacity will benefit land export opportunities to Afghanistan and India. The north zones expansion plan includes Lucky Cement raising capacity at its Pezu facility to 9.8Mta from 6.64M...