Cement News tagged under: Pakistan

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New Pakistan terminal contract signed

19 March 2012, Published under Cement News

A contract has been signed for construction of Pakistan's first mechanised coal, cement and clinker terminal at Port Qasim (BOT). The facility will be constructed at an estimated cost of US$175m on a 30-year build operate and transfer (BOT) basis. A signing ceremony was recently held between Pakistan International Bulk Terminal (PIBT) and a JV consortium of Turkish firm Siyahkalem-and local firm Maqbool Associates for the civil work contract. The project is expected to be operationa...

Pakistan industry first-half profitability improves

14 March 2012, Published under Cement News

A number of Pakistan cement manufacturers and exporters have posted profits after tax for the first six months of the current fiscal year against losses reported in 1HFY2011. The rise is attributed to significantly improved retention prices and alternative energy resources. According to a financial review by Invest Capital Markets Ltd, out of 16 companies (representing 96 per cent of the sector’s market capitalization) most reported a profit. The sector reported an impressive turnaround i...

Pakistan cement sales up 7%

09 March 2012, Published under Cement News

Pakistan cement sales rose seven per cent for the first eight months of the current fiscal (July 2011-June 2012) while exports declined by six per cent in the period, data from the All Pakistan Cement Manufacturers Association reports. Total cement sales for first eight months increased by 3.49 per cent to 20.45Mt from 19.76Mt in the same period of the previous fiscal. Domestic sales reached 14.83Mt from 13.81Mt in 2011 while exports dropped to 5.61Mt from 5.94Mt, the association said....

Bestway Cement net profit rises, Pakistan

01 March 2012, Published under Cement News

Bestway Cement Limited has posted PKR724.99m (US$274,8m) net profit in the half year period ended December 31, 2011 compared to after tax loss of PKR477.050m in the corresponding period in 2010. Earnings per share stood at PKR1.25 under review against a loss of PKR1.46/share in the same period a year back. Net turnover rose to PKR7.932bn in the half year period in 2011 against PKR5.681bn in the same period in 2010.??The company posted PKR1,095.687m pretax profit in the half year period a...

Dewan Cement reverses six month loss, Pakistan

29 February 2012, Published under Cement News

Pakistan cement producer, Dewan Cement Ltd, posted a PKR130m (US$1.43m) profit after tax in the first half of the current fiscal (in 1HFY12) compared to a loss of PKR325.1m in the corresponding period of 2010. Earnings per share stood at PKR0.33 against per share loss of PKR0.9 in the same period a year ago. According to a statement by the company to the Pakistan Stock Exchange, net turnover rose to PKR3.12bn in 1HFY12 against PKR2.09m in 1HFY11 while the cost of sales increased to PKR...

Pakistan cement exports forecast to grow

27 February 2012, Published under Cement News

Pakistan cement exports in the first seven months (July 2011-January 2012) of the current fiscal year fell in terms of quantity but gained in price by US$4.33/t, data by the Pakistan Bureau of Statistics shows. The industry expects dispatches to Afghanistan and India to grow in the remaining months of the year. In the first seven months, exports amounted to 4.087Mt of cement and earned US$258.190m compared to 5.196Mt at US$256.618m in the corresponding period of last year. This represent...

Rises in Pakistan cement prices lower than other building materials

23 February 2012, Published under Cement News

Aizaz Mansoor Shaikh, chairman of the All Pakistan Cement Manufacturers Association (APCMA) has said cement prices have displayed a much lower increase over the last few years compared to other building materials and essential commodities. The News Tribe of Pakistan reports that on average, cement prices increased 6.28 per cent since 2000 to the first half of the current fiscal compared to steel rates raised by 15.90 per cent while the cost of bricks were up by 13.12 per cent. Mr Manso...

Indian cement importers meet Pakistan exporters

22 February 2012, Published under Cement News

An Indian trade delegation of over 120 business people, government officials and members of Federation of Indian Chambers of Commerce and Industry (FICCI) including cement importers visited Pakistan last week to make head way on Most Favoured Nation (MFN) status to India and further enhance bilateral trade relations between the two countries. The Indian delegation was led by Anand Sharma, Minister of Commerce & Industry, Government of India. On the sidelines of visits, a group of Indian ce...

Fauji Cement in possible Askari Cement takeover, Pakistan

22 February 2012, Published under Cement News

Fauji Cement Company Ltd (FCCL) plans to acquire Askari Cement of the Army Welfare Trust (AWT). Both companies are reportedly at an advanced stage of negotiations and are expected to announce a merger soon, once the necessary approval is received from the relevant government departments and board of directors. Should the deal proceed, Fauji Cement will become the second  largest cement producer in Pakistan as capacity will increase from 3.43Mt to 6.10Mt. As per FY11 figures, FCCL holds...

DG Khan waste heat project registered with UNFCCC

16 February 2012, Published under Cement News

Pakistan's DG Khan Cement’s waste heat recovery project, has been registered with the United Nations Framework Convention on Climate Change (UNFCCC) for carbon credit. The project, situated at Dera Ghazi Khan, is generating 10.4MW of electricity, according to a filing with the Pakistan Stock Exchange yesterday.