Cement News tagged under: Pakistan
Pakistan: Bestway Cement joins bidding for Dewan Cement assets03 January 2017, Published under Cement NewsBestway Cement Ltd has informed Pakistan Stock Exchange (PSX) on 30 Dec that it is considering acquiring the northern plant and related assets of Dewan Cement Ltd in Pakistan. Previously, three local cement companies and a Chinese company have expressed their intention to acquire stakes in Dewan Cement. “The final outcome will be dependent upon due diligence and any eventual bidding, if made, for purchase of Dewan’s assets,” said Sehar Hussain, Bestway cement's company secretary. The i... |
Pakistan: Kohat Cement interest in Dewan Cement23 December 2016, Published under Cement NewsKohat Cement Company Ltd has joined the race to acquire Dewan Cement’s North plant, a 1.134Mta facility located at Hattar industrial estate in northern Pakistan. The company has informed the Security & Exchange Commission of Pakistan and Pakistan Stock Exchange on 16 December that its Board of Directors has decided to participate in the bidding process for the purchase of North cement plant and its related assets from Dewan Cement Ltd. As a result, it has authorised the management to condu... |
Pakistan: industry demands anti-dumping duty in Iranian cement22 December 2016, Published under Cement NewsAll Pakistan Cement Manufacturers’ Association (APCMA) Chairman, Sayeed Tariq Saigol, has urged the government to support the cement industry by placing an anti-dumping duty on Iranian cement and decreasing taxes to make the domestic product more affordable to consumers. Such changes would increase cement demand and result in capacity enhancement, creating more job opportunities. He pointed out that the cement industry was among the highest contributors to the national exchequer over the ... |
Pakistan: Fauji Cement and Sinoma sign WHR project19 December 2016, Published under Cement NewsSinoma Energy Conservation Co will supply and setup a power generation plant for Fauji Cement Co Ltd (FCCL), which will produce 7.6MW electricity by capping waste heat gases of cement plant from Line-1 and the Wartsila captive power plant. The project will commence on 1 January 2017 and will be commissioned in 14 months. This will be the second Waste Heat Recovery (WHR) power plant after the first one with a capacity of 12MW was commissioned on Line-2 on 23 March 2015. On completion... |
Pakistan: Pioneer Cement starts its WHR plant in Punjab province19 December 2016, Published under Cement NewsPioneer Cement Ltd has informed Pakistan Stock Exchange (PSX) that its 12MW Waste Heat Recovery power plant (WHRPP) has started operations on from 15 December at Jouharabad, Khushab district, in central Punjab province. It will impact positively on the financial results of the company in the years to come. The company is also in the final stages of selecting a of supplier for installation of a new production line having capacity of 7000tpd clinker at the existing site. The negotiations a... |
Pakistan: Fecto Cement joins race for Dewan assets14 December 2016, Published under Cement NewsFecto Cement has announced that it intends to enter a bid for Dewan Cement’s North plant, a 1.134Mta facility located in Hattar. Earlier this month, Lucky Cement indicated that it would put in a bid for the Hattar plant, while The News reports that a Chinese firm is also in the process of carrying out a due diligence investigation. In a trading update released to the Pakistan Stock Exchange, Fecto Cement said that sales revenues for the first quarter of FY2017 were up by 16.3 per cent to ... |
Pakistan: Lucky Cement considers buying Hattar plant and investing in Iraq09 December 2016, Published under Cement NewsLucky Cement has announced that it has begun the due diligence process for the purchase of Dewan Cement’s 1.134Mta Hattar plant and that separately it would look to expand its grinding plant in Basra, Iraq, according to Pakistan’s The News. Lucky’s corporate strategy calls for an expansion of its business into northern Pakistan, for which the Hattar plant – located around 25km from Islamabad – is well suited. The Basra plant, which Lucky holds as a joint-venture with an Iraqi partner, ... |
Pakistan: FCCL calls board meeting to approve waste heat project07 December 2016, Published under Cement NewsFauji Cement Company Ltd (FCCL) has informed the Pakistan Stock Exchange that a special Board of Directors of the company will be held on 9 December 2016 to discuss and approve the waste heat recovery power plant (WHRPP) for Line 1, and Wärtsilä's captive power plant at Jhang Bahtar, district Attock, Pakistan. FCCL plans to install 9MW WHRPP at its 3700tpd cement plant and a 16MW Wärtsilä power plant. |
Pakistan: 98% capacity utilisation rate achieved06 December 2016, Published under Cement NewsThe Pakistan cement industry has achieved its highest-ever capacity utilisation rate at 98.61 per cent, dispatching 3.749Mt of cement in November 2016. This is up on the 3.377Mt registered in November 2015. Domestic consumption for the month in question reached 3.27Mt compared with 2.843Mt a year prior. However, exports have experienced a decline, falling 10.39 per cent YoY to 0.478Mt in November from 0.533Mt last year. According to data released by the All Pakistan Cement Manufacturers A... |
Pakistan: cement producers see profits of 12% 1QFY16/1730 November 2016, Published under Cement NewsPakistan's cement manufacturers posted 12 per cent growth in their profits during the first quarter of the current fiscal year of 2016/17 on high sales and low financial cost, acocording to a Topline Securities research report. An analysis of 15 out of a total of 19 listed manufacturers, representing 95 per cent of cement companies’ market capitalisation, the profitability of the sector grew to PKR13.6bn (US$127.9m) during the quarter. Analysts attribute this boost to a 10 per cent YoY inc... |