Cement News tagged under: Pakistan
Pakistan: Pioneer Cement profits up slightly in FY201628 September 2016, Published under Cement NewsPakistan cement producer Pioneer Cement Ltd has reported post-tax profits of PKR2.51bn (US$24m) for the financial year ended June 2016, a rise of 0.9 per cent YoY. In a notice to Pakistan Stock Exchange (PSX), the company stated that its net sales increased by 11 per cent to PKR9.36bn over the same period. Pioneer incurred distribution costs of PKR60m and administrative expenses of PKR81.5m, both up slightly on last year. However, the financing cost fell to just PKR17.5m, around a third o... |
Anhui Conch27 September 2016, Published under Cement NewsAnhui Conch is reportedly interested in acquiring a stake in Pakistan’s Dewan Cement Ltd (DCL), according to local media reports. While DCL denies the reports, a Chinese company, believed to be Anhui Conch, has been exploring investment opportunities in the country. DCL operates two plants – one in southern Pakistan near Karachi and another in northern Pakistan near Kamilpur Hattar Industrial Estate – with a cement and clinker capacity of 2.89Mta and 2.76Mta, respectively. The company cu... |
Pakistan: exports at US$52.70m in 2M FY16-1723 September 2016, Published under Cement NewsIn July and August 2016, the first two months of FY16-17, Pakistan cement producers exported 1.01Mt of cement and earned export revenue of US$52.77m compared to 1.032Mt at US$59.60m in July-Aug 2015. The latest figures represent a two and 11.46 per cent fall in volume and USD value, respectively on YoY basis, says data released by Pakistan Federal Bureau of Statistics. On a positive note, in August 2016 alone, the country exported 573,395t at US$30.04m compared to 438,346t at US$22.73m i... |
Pakistan: positive outlook for Pioneer Cement21 September 2016, Published under Cement NewsThe outlook for 2017 for Pioneer Cement Ltd appears to be positive, with major projects related to the company’s growth and energy efficiency expected to make further progress. These projects are forecast to boost the company’s profit margins. They include the installation of a 12MW waste heat recovery system, due for commissioning in November-December 2016 and a new 2500tpd grinding mill, which will improve production by 25-30 per cent once completed in February-March 2017. Pioneer C... |
Pakistan: Dewan Cement denies Anhui Conch interest16 September 2016, Published under Cement NewsChina's Anhui Cement Co Ltd is reported by Pakistan's local media to have set its eyes on Dewan Cement Ltd (DCL) as it seeks business opportunities in Pakistan. While DCL shares have been trading heavily as a result in the past few months, DCL has denied rumours of a takeover. DCL Director, Haroon Iqbal, and Company Secretary, Muhammad Hanif German, said in response to a Pakistan Stock Exchange (PSE) query whether any Chinese company is buying a substantial stake in the company, "Chinese... |
Pakistan: Maple Leaf expansion plans14 September 2016, Published under Cement NewsMaple Leaf Cement Factory Ltd announced that its board of directors has approved an additional dry-process clinker production line (No. 3) at its existing plant site in Iskanderabad District, Mianwali, Pakistan. The new line will operate at a capacity of 7000tpd, pushing grey cement production at the plant to 17,700tpd. The project is expected to cost PKR20bn (US$191m) with aims to be completed within 26 months. This expansion announcement follows an earlier notification that the compan... |
Pakistan: good news for coal industry12 September 2016, Published under Cement NewsThe Pakistan International Bulk Terminal, which is currently under construction at Port Qasim, is expected to commence operation by the end of the year. The terminal will have the capacity to handle 12Mta of coal imports and 4Mta of cement and clinker exports. The project cost is estimated at US$225m and is funded by a local company in partnership with the World Bank and International Finance Corporation. Meanwhile, coal importers from the private sector have sought government permission ... |
Pakistan: August cement dispatches rise09 September 2016, Published under Cement NewsPakistan's cement dispatches in August 2016 stood at 3.585Mt, 16.75 per cent higher than dispatches of 3.071Mt recorded during the same month of previous fiscal year, according to the data released by the All Pakistan Cement Manufacturers Association (APCMA). Domestic sales during August 2016 were 3.028Mt against 2.5Mt in August 2015, a growth of 20.92 per cent. Cement sales in the north were 2.495Mt against 2.034Mt in August 2015, while in the south they amounted to 0.532Mt against 0.47... |
Pakistan’s cement production to grow by 10.12% in FY1608 September 2016, Published under Cement NewsPakistan’s cement industry produced 35.44Mt of cement during July 2015-June 2016 compared to 32.18Mt of cement in corresponding period in the previous rolling year. This translates double-digit growth of 10.12 per cent. According to Pakistan Bureau of Statistics, in June 2016 alone, the country produced 2.991Mt of cement, up by 3.67 per cent YoY. While commenting on the progress of cement industry in Pakistan, a third quarterly report of Central Bank of Pakistan – State Bank of Pakist... |
Pakistan: cement sales climb to 4.9Mt07 September 2016, Published under Cement NewsFor the first two months of the current fiscal year (July-August 2016) Pakistan's total cement dispatches increased 14 per cent to 4.9Mt when compared to the 4.3Mt recorded in the same period last year. The increase is a result of growing domestic sales, which in August rose by 21 per cent YoY to 3.03Mt, up from 2.5Mt. In particular, cement sales in the north of the country performed extremely well as they rose 22.6 per cent to 2.49Mt. Sales of 0.53Mt (a 13.2 per cent rise YoY) were recor... |