Cement News tagged under: Pakistan
Lucky Cement 9MFY13-14 profit rises25 April 2014, Published under Cement NewsPakistan’s leading cement producer Lucky Cement reported a profit after tax for nine months of PKR8.185bn (US$83m), up 17.2 per cent YoY. Earnings per share (EPS) for the period increased to PKR25.31 against an EPS of PKR21.59 of corresponding period last year. Local sales volumes during the period registered a growth of 7.7 per cent to 2.9Mt compared to 2.7Mt in FY12-13. Exports increased 11.8 per cent YoY to 1.9Mt. The company has recently started production at its joint venture g... |
DG Khan plans Balochistan plant, Pakistan08 April 2014, Published under Cement NewsDG Khan is expected to begin construction of a new 2.5Mta plant at Hub, located in the Lasbela district of Balochistan, next year, to lift its market share in the south of Pakistan and facilitate exports. A senior company official told The International News (Pakistan) that it is in the process of finalising vendors for the implementation of the project. In the next phase it will open a letter of credit, the official said, adding that construction work is expected to start in 2015. Balochi... |
Pakistan sales edge ahead in 9MFY13-1408 April 2014, Published under Cement NewsPakistan cement sales during the first nine months of the current fiscal rose marginally by 0.7 per cent to 24.705Mt, according to preliminary statistics. Data released by Invest Cap Research shows domestic dispatches rose by 1.6 per cent during the July 2013 – March 2014 period to 18.66Mt. However, cement exports declined by two per cent YoY to 6.044Mt. During the month of March alone, total dispatches rose 15.5 per cent to 3.139Mt compared to February 2014 shipments. However, on an a... |
Lafarge Pakistan net sales rise 7% YoY04 April 2014, Published under Cement NewsReleasing further details on its 2013 performance, Lafarge Pakistan Cement said it saw net sales grow by seven per cent to PKR10.302m (US$105m) from PKR9624m. The company increased the use of alternative fuels from 28 per cent in December 2012 to 32 per cent in 2013. Power shortage persisted in the country and to avoid a complete shutdown the company rented generator sets. While this proved to be an extensive alternative, it resulted in a net gain for the company. Gross profit increased to... |
Lucky Cement begins production at Iraq works04 April 2014, Published under Cement NewsPakistan producer Lucky Cement has started production at its 0.87Mta joint venture grinding plant in Basra, Iraq. Lucky Cement CEO, Muhammad Ali Tabba, told local press that production started in February. Mr Ali Tabba explained to Dawn News that the grinding plant is the first phase of development and "if we succeed in our projections, we may go for a full cement production line of 1.25Mt, which may cost around US$125m.” The US$40m project is a 50:50 investment with the Al-Shawy family of ... |
Pakistan exports decline over 8MFY1426 March 2014, Published under Cement NewsPakistan exports have declined in the first eight months of the current fiscal, both in terms of volume and revenues. During the July 2013 – February 2014 period, exports totaled 5.46Mt on revenues of US$332.02m compared to 5.81Mt at US$376.71m in the same period of last year. This translates into a fall of 6.04 and 11.86 per cent in quantity and dollar value, respectively. Similarly, in terms of the Pakistan rupee, exports fell by 3.71 per cent to PKR34.77bn over the Jul-Feb perio... |
Lafarge Pakistan donates to drought-affected Tharparkar district21 March 2014, Published under Cement NewsRizwan Jamil (second-left), Lafarge Pakistan country marketing director, presents the donation to the Edhi Foundation Employees of Lafarge Pakistan have donated towards helping drought affected children and families in the Tharparkar district, Sindh province. A number of children have died in the Tharparkar desert due to the effects of the drought. The Edhi Foundation will use the money to fulfill basic needs of the drought-affected children and families in Tharparkar such ... |
Pakistan February sales 8.7% higher12 March 2014, Published under Cement NewsPakistan cement sales rose by 8.7 per cent YoY in February 2014 to 2.135Mt, led by strong demand from the domestic market. The All Pakistan Cement Manufacturers Association (APCMA) revealed that during the first eight months of the current fiscal, local dispatches stood at 16.274Mt, representing growth of 2.9 per cent YoY. “We are getting healthy demands from the domestic market,” he said, adding that during February, local dispatches increased to 1.76Mt on average in the northern again... |
Lafarge reportedly attracting bids for Pakistan unit12 March 2014, Published under Cement NewsLafarge is reportedly attracting bids for its Pakistan unit, with the country's leading producer, Lucky Cement, said to be among companies competing for the assets. Potential acquirers have submitted bids to Lafarge, according to reports by Bloomberg who cited a source familiar with the matter. Lafarge Pakistan Cement operates a 2.05Mta plant in the Punjab province. |
Lucky Cement 1HFY14 net profit rises 20%27 February 2014, Published under Cement NewsPakistan market leader Lucky Cement reported a 20 per cent rise in net profit for the first half of FY14 boosted by in part by higher prices. Net profit for the six months to the end of December 2013 stood at PKR5.16bn (US$49.2m) compared to PKR4.49bn in the same period of the year before. Revenue improved 11.8 per cent YoY to PKR19.57bn against PKR17.51bn in the 1HFY13. Commenting on the results, Global Research said revenues grew on the back of a 10 per cent YoY increase in domestic c... |