Cement News tagged under: Pakistan
Kohat Cement 1QFY15 net profit up 11% YoY28 October 2014, Published under Cement NewsPakistan-based producer Kohat Cement posted a net profit of PKR683m (US$6.6m) in the three months to the end of September 2014, up 11 per cent YoY. The company attributed the higher earnings to better income on cash placements and lower financial charges, Sherman Securities reported on Monday. During the first quarter of FY15, sales revenue increased by 11 per cent to PKR2.9bn amid higher cement prices and slight increase in volumes which were up by five per cent YoY. On the other h... |
Pakistani cement industry weak due to lack of innovation24 October 2014, Published under Cement NewsPakistan is lagging behind in introducing different types of cement for use in different projects. Most construction requirements are met by ordinary Portland cement (OPC). This puts the industry at a disadvantage in the international market, says Pakistan’s Technology Upgradation and Skill Development Company (Tusdec). “The construction sector is expanding and there is dire need to introduce new cement qualities in Pakistan for better efficiency and cost reduction,” said Nabeel Asghar, Tu... |
Lafarge Pakistan launches new precast cement22 October 2014, Published under Cement NewsLafarge Pakistan held a launch ceremony for its new specialised OPC, Stallion, an early-setting cement formulated to meet the needs of the precast industry. Marketing director, Rizwan Jamil, said, “Pakistan’s cement industry remains quite basic due to lack of initiatives by the players. Lafarge Pakistan is committed to lead the change by bringing new innovative value offerings tailored to meet the specific needs of various customer groups.” The product is currently available for the p... |
Pakistan first-quarter dispatches up 4.86% YoY08 October 2014, Published under Cement NewsPakistan's total dispatches for the first quarter of the current fiscal increased by 4.86 per cent YoY as domestic sales offset lower exports. Domestic sales increased by 9.85 per cent in the July-September period, according to the latest data. Exports however, dropped by 8.13 per cent YoY during the period. Total dispatches during September 2014 were 3.15Mt compared to 2.94Mt during the same month last year. Domestic dispatches in September were down 13.86 per cent 2.42Mt compared to 2... |
Pakistan sees strong increase in August export growth26 September 2014, Published under Cement NewsPakistan recorded an acceleration in exports during August 2014 against the previous month and were also higher on an annual comparative basis. Exports during August 2014 reached 984,039t – a rise of 76.62 per cent compared to the month before. Revenues were also 76.84 per cent higher at US$57.648m compared to July 2014. On an annual basis, volumes and revenues increased by 23.42 per cent and 28.74 per cent, respectively, July-August 2014 data However, exports during the first t... |
Maple Leaf wins 'Best Corporate Report' award25 September 2014, Published under Cement NewsMaple Leaf Cement Factory Limited was declared the overall winner at the 13th Best Corporate and Sustainability Report (BCSR) Awards hosted by The Institute of Chartered Accountants of Pakistan (ICAP) and the Institute of Cost and Management Accountants of Pakistan (ICMAP). ICAP President, Yacoob Suttar, said corporate reporting has an important role to play in building trust with the stakeholders and the awards recognise excellence in corporate and sustainability reporting. Zia ul Mustafa... |
Lucky alters ownership structure of coal-based power project17 September 2014, Published under Cement NewsLucky Cement has announced a change in the planned structure of its 660MW coal-based power plant, according to a company notice issued to the Karachi Stock Exchange, The board of directors of Lucky Cement has decided that Lucky Electric Power Company Ltd will be a wholly-owned subsidiary of Lucky Cement instead of Lucky Holdings Ltd. Intially, the group planned to set p the power plant as a wholly-owned subsidiary under the 75 per cent-owned ubsidiary Lucky Holdings Ltd. While the ... |
Pakistan’s August cement dispatches higher08 September 2014, Published under Cement NewsTotal Pakistan dispatches during August increased by 23.2 per cent compared to the same month of last year with strong increases seen on both the domestic and export front. Latest data from the All Pakistan Cement Manufacturers Association shows that total dispatches reached 2.7788Mt last month compared to 2.254Mt in August 2013. Domestic cement sales increased by 23.6 per cent to 1.95Mt, compensating for a decline during July 2014. Meanwhile exports rose by 22.3 per cent to 828,000t. ... |
Lucky boosted by higher volumes and pricing03 September 2014, Published under Cement NewsPakistan’s largest cement producer, Lucky Cement, reported a net profit of PKR11.3bn (US$110.34m) for the fiscal ending 30 June 2014, up 16.4 per cent compared to PKR9.7bn in the previous year. Earnings growth was primarily supported by higher sales volumes and prices during the period. On a quarterly basis, earnings grew four per cent QoQ to PKR3.15bn. Revenue increased 14 per cent YoY to PKR43.08bn during FY14 because of a nine per cent rise in sales volumes to 6.62Mt and a 14 per ce... |
Work begins on Pakistan bulk terminal project02 September 2014, Published under Cement NewsWork has begun on the Pakistan International Bulk Terminal project at Port Qasim, the country’s first terminal for handling coal, clinker and cement. The state-of-the-art multi-purpose cargo handling facility will be built on a build operate and transfer basis. Estimated to cost US$250m, it will be able to handle 4Mta of cement and clinker as well as 12Mta of coal. It is expected to be operational by 2016. Port Qasim is located 50km from Karachi, on the coast line of the Arabian Sea. The n... |