Cement News tagged under: Pakistan
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... |
Environmental award for Lucky Cement07 September 2016, Published under Cement NewsPakistan's Lucky Cement Ltd has been awarded the 13th Annual Environmental Excellence Award 2016, presented at the ‘Making Our Cities Sustainable’ conference organised by the National Forum for Environment and Health. The award recognised Lucky Cement’s contribution to sustainable development and economic growth of the country. CEO of Lucky Cement, Amin Ganny, said, "Conserving the environment is Lucky Cement's utmost priority. And, it is because of our commitment to the environment that ... |
Kohat Cement reports profit increase of 32.7%05 September 2016, Published under Cement NewsKohat Cement announced a profit after tax of PKR4.4bn (US$42.1m) for the financial year ending 30 June 2016, a 32.7 per cent increase from the PKR3.2bn achieved in the corresponding period last year. Gross profit was posted at PKR6.49bn compared to PKR4.81bn in the previous year. In the given period, net sales increased 12.4 per cent to PKR14.02bn compared to PKR12.47bn in the previous year. Cost of sales for the same period was reported at PKR7.5bn, a slight decrease from the PKR7.65bn p... |
Lucky Cement's profits up 9.3%02 September 2016, Published under Cement NewsAs a result of an increase in turnover, Lucky Cement's full year profits increased by 9.3 per cent. The company reported earnings of PKR16.15bn (US$154.67m) compared to PKR14.78bn for the same period last year. These results are in line with the market expectations. Net sales were recorded at PKR98.65bn, compared to PKR96.47bn last year, and cost of production fell from PKR56.43bn to PKR54.24bn. A gross profit of PKR27.9bn was recorded, an 8.6 per cent increase from PKR25.68bn in the pre... |
Pakistan: DG Khan sees profit up 15%, expands capacity by a further 2.2Mta01 September 2016, Published under Cement NewsPakistan cement producer DK Khan Cement Co announced a 15 per cent YoY rise to PKR8.79bn (US$83.9m) in its profit after tax in FY16 from PKR7.624bn in FY15. Its sales rose to PKR29.703bn from PKR26.104bn in FY15bn and cost of sale increased PKR17.035bn from PKR16.649bn in the same period. Along with financial results, the company also announced a full and final cash dividend of PKR6.0/share, making the payout to 30 per cent. The company also announced a brownfield cement capacity expans... |
Cherat Cement posts FY16 results, plans second line26 August 2016, Published under Cement NewsPakistan's Cherat Cement Company Ltd (CHCC) has announced its FY16 results, which saw the company reporting a profit after taxation of PKR1.405bn (US$13.4m) compared to PKR1.288bn in last corresponding financial year, an increase of nine per cent. According to a company statement to the Pakistan Stock Exchange (PSX), its net sales increased by eight per cent to PKR7079bn whereas the cost of sales decreased by three per cent to PKR4.445bn. Moreover, the company also declared a final cas... |
Pakistan: Cherat Cement sees FY1516 profits rise 9%25 August 2016, Published under Cement NewsCherat Cement Company has reported a rise in net profits of 9.1 per cent for the year ending June 30, 2016, Pakistan's The News reports. Profits reached PKR1.4bn (US$13.3m) on sales revenues of PKR7.1bn – the latter up by 7.8 per cent. Faizan Ahmed of JS Global said that the rise was drive by stronger sales and falling energy prices, stating: “Most of the increase in dispatches was led by local dispatches as exports continued to wither throughout in FY16. This shift has resulted into high... |
Pakistan: Gharibwal Cement to increase its capacity22 August 2016, Published under Cement NewsGharibwal Cement (GWLC) has announced plans to expand its clinker capacity by 8000tpd, translating into 2.4Mta. Along with the brown field expansion, the company will also install a waste heat recovery system and a new cement mill for this purpose. Work on this project will start during the current fiscal year. GWLC has also announced a contract to install vertical grinding mill with a capacity of 250tph, which will increase cement grinding capacity substantially a as well as raise effic... |
New BOPP film for extra bag protection17 August 2016, Published under Cement NewsCosmo Films, a speciality films manufacturer, has launched a special biaxially oriented polypropylene film (BOPP) to provide extra protection for cement bags. The BOPP film has a 100 per cent polyolefin structure which is designed to protect the bag's content by adding a moisture barrier. It can also be used to laminate block bottom cement bags. CEO of Cosmo Films, Pankaj Poddar said, "With only 15 per cent of the cement being packed in block bottom bags, there is a huge potential in conv... |
Pakistan: northern plants register strong July sales10 August 2016, Published under Cement NewsDomestic cement sales in Pakistan rose 12.38 per cent YoY to 2.018Mt in July 2016 from 1.8Mt in July 2015 as large government-funded infrastructure projects pushed up demand, according to data from the All Pakistan Cement Manufacturers Association (APCMA). The heavy monsoon rains slowed down construction activities in many parts of the country, but analysts said the overall revenue of the domestic cement industry is expected to grow in the coming years on the back of higher sales v... |