Cement News tagged under: Pakistan
Pakistan: Cherat Cement profit rises by 52%09 February 2017, Published under Cement NewsPakistan cement producer, Cherat Cement, has announced its 1HFY17 (July-December 2016) financial result. It reported a profit after tax (PAT) of PKR1025m (US$9.75m) during 1HFY17 against a PAT of PKR676m during 1HFY16, up 52 per cent YoY. According to a research report by Al Habib Capital Market, during 1HFY17, Cherat Cement reported a 17 per cent YoY growth in its top‐line attributable to rising dispatches, which were up 21 per cent YoY. The rise in dispatched stemmed from increased dome... |
Pakistan: Pioneer Cement inks agreements with Sinoma-Chengdu09 February 2017, Published under Cement NewsPioneer Cement Ltd (PIOC) informed Pakistan Stock Exchange (PSX) that it has signed a contract with Sinoma-Chengdu of China for procurement of its new cement works, a 12MW waste heat recovery power unit and a 24MW coal-fired power plant. PIOC has cement production capacity of over 2Mta but has operated at a meager 60 per cent utilisation level (FY12-FY16), despite local industry demand witnessing robust growth, says a local research house. This has been a result of lower crushing capacit... |
Pakistan: exports to Afghanistan decline07 February 2017, Published under Cement NewsAPCMA data revealed that domestic dispatches in January 2017 were 2.722Mt, while exports amounted to 0.376Mt, reflecting YoY growth of 0.78 and -2.71 per cent, respectively. Total cement dispatches in January 2017 amounted to 3.087Mt. According to data released by the APCMA, during the first seven months of current fiscal year, the cement industry posted a growth of 9.52 per cent in local dispatches compared with the same period of last fiscal year. Export dispatches in the same pe... |
Pakistan: US$400m British investment in new plant06 February 2017, Published under Cement NewsBritish company Asian Precious Minerals (APML) announced plans to invest US$400m in a new cement plant in Khyber Pakhtunkhwa, Pakistan. The announcement was made during a meeting between APML and the Chief Minister of Khyber Pakhtunkhwa, Pervez Khattak. The Chief Minister explained the province’s new industrial policy under which the government offered several incentives to local and foreign investors. He said investors could benefit from a transparent one-window operation for establishin... |
Pakistan: first dry bulk terminal to open in March03 February 2017, Published under Cement NewsPakistan’s first dry bulk terminal will open next month and is expected to handle 3Mta of coal imports, rising to 20Mt over the next five years, the port’s chief executive said on Thursday. The US$285m Muhammad Bin Qasim Port, which was built with support from the World Bank, will also be used to export cement and clinker, Sharique Siddiqui, chief executive for Pakistan International Bulk Terminal, told Reuters at a coal conference in Cape Town, South Africa. Pakistani cement plant and... |
Pakistan: capacity utilisation tops 90% in December 201602 February 2017, Published under Cement NewsAccording to figures released by the All Pakistan Cement Manufacturers Association (APCMA), cement sales in December 2016 reached 3.56Mt, with capacity utilisation running at 90.9 per cent, the Nation newspaper reports. The first six months of Pakistan’s 2017 fiscal year, which began in June 2016, has seen local cement consumption rise by 11.1 per cent on the same period in 2015. Declining export sales have been more than matched by rising local demand, with the result that total shipm... |
Pakistan: Attock Cement net profit of US$13.1m30 January 2017, Published under Cement NewsAttock Cement Ltd has announced a net profit of PKR1.378bn (US$13.1m), translating into the earnings/share (EPS) of PKR12.03 for the half-year ended 31 December 2016, which is 19 per cent higher than the profits of PKR1.152bn, and the EPS of PKR10.07 announced during the same period of the last year. The surge in profitability can be attributed to higher sales, which stood at PKR7.228bn for the period under review as compared to the sales of PKR6.396bn during the same period of the last ye... |
Lucky Cement sees half-year profits rise 12.5% to US$67m27 January 2017, Published under Cement NewsLucky Cement has announced that its profits rose by 12.5 per cent YoY in the last six months of 2016 to PKR7bn (US$67m). In a statement to the Pakistan Stock Exchange, Lucky revealed that it had sold 3.5Mt of cement and 235,000t of clinker during the first six months of FY17. Cement sales improved over the previous year by 5.4 per cent, while no clinker sales at all took place in the corresponding period in FY16. Cement production also rose to 3.5Mt, up six per cent on FY16, while clin... |
Pakistan exports of cement show dismal figure in 6MFY2016-1726 January 2017, Published under Cement NewsPakistan cement exporters have earned revenues of US$16.36m on exports of 309,868t cement in December 2016, compared to US$23.68m on 455,720t of exports in the previous month. These figures represent a MoM decline in dollar value and volumes of 32 and 30 per cent, respectively. However, when compared with December 2015 (434,967t with a value of US$22.89m), volumes decreased by 28.76 per cent and the value was down by 28.50 per cent, according to the country's Federal Bureau of Statist... |
Pakistan: construction of US$245m Haripur cement plant gets go-ahead25 January 2017, Published under Cement NewsThe chief minister of Khyber Pakhtunkhwa, Pervez Khattak, has approved plans to invest US$245m in the construction of a cement plant in Haripur, The Dawn reports. The moves comes as part of a wider package of measures intended to support projects relating to the China-Pakistan economic corridor. At this point, no further details concerning the size of the plant or the operator have been released. Other projects which received funding at the same time are to be offered to Chinese firms ... |