Cement News tagged under: Pakistan
Fauji Cement first-quarter profit up 32%29 April 2015, Published under Cement NewsPakistan-based cement producer Fauji Cement Company Ltd (FCCL) has announced a net profit of PKR981.951m (US$9.65m) for the quarter ended 31 March 2015, a rise of 32 per cent from PKR744m a year earlier. Revenue for the quarter under review stood at PKR4.426bn compared to sales of PKR4.3bn in the same period of last year, a company spokesperson said. For the nine-month period ended 31 March 2015, FCCL posted a net profit of PKR2.65bn. |
Lucky Cement posts double-digit rise in 9M net profit, Pakistan24 April 2015, Published under Cement NewsLucky Cement recorded net profit for the nine months ending 31 March 2015 of PKR9.30bn (US$91.5m), up 13.7 per cent YoY. The company's gross profit increased by 7.2 per cent during the nine months as its net sales revenue improved by 5.38 per cent to PKR33.15bn against PKR31.45bn for the corresponding period of last year. The increase in net sales revenue was attributed to a 4.03 per cent increase in volume and 1.35 per cent increase in net retention prices. Sales volumes increase... |
Bestway acquires Lafarge Pakistan unit24 April 2015, Published under Cement NewsBestway Cement Ltd, a subsidiary of Bestway Group, has taken management control of Lafarge Cement's plant located near Kallar Kahar, Pakistan. To mark the acquisition, a ceremony was held at the plant on Wednesday, which was attended by Sir Anwar Pervez, the owner of Bestway Group and Amr Ali Reda, the CEO of Lafarge Pakistan, among others. In July 2014 Bestway successfully bid for a 75.86 per cent of Lafarge Pakistan’s shares for an enterprise value of US$329m. Bestway Cement... |
Pakistan export volumes and revenues down over first nine months23 April 2015, Published under Cement NewsPakistan cement exports in the first nine months of the current fiscal fell 6.75 per cent YoY to 6Mt. Export revenues, meanwhile, were down by 6.86 per cent to US$349.04m over the July 2014-March 2015 period. In terms of the Pakistan rupee, exports fell by 9.54 per cent to PKR35.31bn and the average price was down to US$58.08m versus US$58.15m in the year-ago period. In March 2015 alone, Pakistan exported 439,017t of cement on revenues of US$24.99m, representing a MoM decline of 16.38 ... |
K-Electric to supply 40MW of electricity to new DG Khan cement plant, Pakistan16 April 2015, Published under Cement NewsK-Electric (KE) and DG Cement Ltd have signed an agreement through which the power utility will provide 40MW of electricity to the cement producer's upcoming plant in Hub, Balochistan, Pakistan . The agreement was signed at the KE House in the presence of KE and DG Khan management. According to KE’s press statement, electricity will be provided from its Hub grid station and DG Cement Ltd is to construct a Line Bay and a 12km long 132kV transmission line. The new cement plant will have a c... |
Pakistan cement exports to Afghanistan down 25%10 April 2015, Published under Cement NewsPakistan cement exports to its main international market of Afghanistan have fallen by a quarter in the first nine months of the current fiscal, industry officials said on Wednesday. Pakistan exported 2.06Mt cement to Afghanistan in the July-March period of FY14-15, compared to 2.75Mt in the compartive period of the previous fiscal, according to data by the All Pakistan Cement Manufacturers Association (APCMA). The official told local press that Pakistan is is losing ground in Afghanistan... |
Pakistan nine-month shipments up 4%09 April 2015, Published under Cement NewsPakistan cement dispatches increased by four per cent to 25.65Mt in the first nine months of the current fiscal compared to 24.78Mt in the same period of the previous year, according to data released by the All Pakistan Cement Manufacturers Association (APCMA). Local dispatches increased by eight per cent YoY to 20.22Mt in 9MFY15 compared to 18.76Mt in same period of last year. However, cement exports were down by 10 per cent YoY and reached at 5.43Mt in 9MFY15 from 6.02Mt in 9MFY14. ... |
APCMA appeals to government to save local industry from smuggling08 April 2015, Published under Cement NewsPakistan's cement industry has made an appeal to government to put an end ot the alleged smuggling of Iranian cement into the country. The All Pakistan Cement Manufactures Association (APCMA) has requested Prime Minister of Pakistan, Mian Muhammad Nawaz Sharif, Minister for Finance Ishaq Dar and Chairman of Federal Board of Revenue Tariq Bajwa to include the cement industry in its negative list of import items so that the domestic industry can utilise its 43 per cent of idle capacity. The ... |
Dandot Cement reduces half-year loss02 April 2015, Published under Cement NewsDandot Cement Co reported a loss after tax of PKR342.24m (US$3.4m) in the first half of the current Pakistan fiscal compared to a loss of PKR 380.42m in the comparative period of the year before. Net sales reached over PKR1bn versus PKR93m in 1HFY13-14, the company said in a notice to the Karachi Stock Exchange. The cost of sales, however, rose to PKR1.28bn from PKR406m a year earlier. Dandot Cement has said it is considering various options to arrange further funds to improve plant e... |
Fecto Cement refutes mining lease cancellation claims25 March 2015, Published under Cement NewsFecto Cement Ltd has informed Karachi Stock Exchange (KSE) that its factory in Sangjani, Pakistan, is operating under normal conditions and dispatches are being carried out as usual. The company has refuted local media reports that production has been suspended due to the environmental degradation of the Margalla Hills Nationl Park. It has also denied receiving a letter from Bashir Ahmed, director Industries and Labour, ICT, Islamabad, informing the company of a cancellation of its mining... |