Cement News tagged under: Pakistan
APCMA elects new chairman for 2013-14 term27 September 2013, Published under Cement NewsMuhammad Ali Tabba of Lucky Cement Company Ltd has been unanimously elected as chairman of the All Pakistan Cement Manufacturers Association (APCMA) for the 2013-14 term. Sayeed Tariq Saigol of Maple Leaf Cement Factory and Babar Bashir Nawaz of Attock Cement Pakistan were also unanimously elected senior vice chairman and vice chairman of the association, respectively. Also elected as members of the executive committee are: Muhammad Raza Mansha (DG Khan), Azam Farooque of (Cherat Ceme... |
Maple Leaf full-year profit boosted by higher cement prices26 September 2013, Published under Cement NewsMaple Leaf has reported a over a six-fold rise in annual net profit for FY13 driven in part by higher cement prices and lower coal costs. According to a notice sent by the company to the Karachi Stock Exchange, for the 12 months ended 30 June 2013, the company posted a profit of PKR3.23bn compared to PKR496m in the previous fiscal – a staggering increment of 550 per cent. Sales rose by 12.3 per cent to PKR17.36bn thanks to higher domestic prices and better export volumes. Rising cem... |
Pakistan September sales seen rising on higher domestic demand25 September 2013, Published under Cement NewsPakistan cement sales are expected to increase by six per cent YoY in September 2013 on the back of a rise in domestic demand. Dispatches are forecast to climb to 2.76Mt for the month compared to 2.61Mt in the same period of last year. Local sales are seen rising 11 per cent YoY to 1.98Mt, according to estimates by InvestCap. The south is anticipated to have grown 32 per cent on a YoY basis mainly due to a boom in construction activity. The region has also experienced two months of heavy r... |
Kohat Cement full-year profit rises 58.55%, Pakistan23 September 2013, Published under Cement NewsNorthern Pakistan-cement based cement producer Kohat Cement Co reported a 58.55 per cent YoY rise in FY13 net profit. For the July 2012-June 2013 fiscal, the company reported a profit after tax of PKR2.632bn (US$25.55m) against PKR1.66bn during the year before. Net sales increased to PKR11.297bn from PKR9.316bn in FY12. It incurred selling and distribution expenses of PKR58.4m and administrative and general expenses of PKR86.423m compared to PKR46.242m and PKR66.714m, respectively in FY12.... |
Thatta looks forward to increased efficiency, Pakistan23 September 2013, Published under Cement NewsAfter swinging to a net profit in fiscal 2013, Pakistan producer Thatta Cement is looking forward to increased efficiency as it modernises existing operations. Earlier this year the company announced that it would invest in the preheater and cooler sections of its 0.5Mta plant situated in the southern region of the country. After completion of the BMR programme, the plant would achieve sustained and uninterrupted operation together with improved efficiencies and a nominal increase in cli... |
Kohat Cement sees 59% rise in full-year profit, Pakistan20 September 2013, Published under Cement NewsPakistan-based Producer Kohat Cement reported a 59 per cent surge in net profit for FY12-13 mainly due to favourable cement and coal pricing trends as well as lower financial costs. For the 12 months ending 30 June 2013, the company posted a profit after tax of PKR2.64bn compared to PKR1.66bn in the previous fiscal. Kohat Cement CEO and All Pakistan Cement Manufacturers Association chairman, Aizaz Mansoor Shiekh, said improved cement prices both in domestic and to export markets, stabl... |
Lucky Cement full-year profit rises 47%18 September 2013, Published under Cement NewsPakistan-based producer Lucky Cement reported a 47 per cent increase in full-year profit and is optimistic on the outlook for domestic consumption but cautions that challenges remain. Net income rose to a record PKR10bn (US$95m) in the 12 months ended 30 June from PKR6.78bn a year earlier. Gross sales rose 63 per cent to PKR63.9bn. The rise in profit is being attributed to an 11 per cent increase in cement prices which climbed to PKR458/50kg bag. “The consumption of cement in the co... |
Lafarge in RDF joint venture, Pakistan16 September 2013, Published under Cement NewsLafarge Industrial Ecology International SA has announced a joint venture with Saif Holdings Ltd for the manufacture of Refuse Derived Fuel (RDF) to be used as alternative fuel. The agreement was signed between Pavel Cech, Regional Vice President Industrial Ecology, Lafarge and Hoor Yousafzai, Director Saif Group after conducting feasibility study for the development, installation and commissioning of an RDF manufacturing plant. Amr Reda, CEO of Lafarge Pakistan, stated that by combining th... |
DG Khan Cement plans greenfield plant, Pakistan12 September 2013, Published under Cement NewsDG Khan Cement has been given the green light by its Board of Directors (BoD) to set up a greenfield plant in Pakistan, but plans for a Mozambique facility have been withdrawn. The Pakistan-based manufacturer announced it is to set up the new 2.6Mta facility in the Hub District, Lasbela in the Baluchistan Province near Karachi. Its BoD has asked management to initiate the process to establish the plant, the land for which has already been acquired. If the new project comes to fruition... |
Pakistan export earnings fall09 September 2013, Published under Cement NewsPakistan exports have had a disappointing start to the current fiscal, falling 1.98 and 3.46 per cent in terms of quantity and dollar value, respectively on a MoM basis. During July 2013, Pakistan exported 854,477t of cement and earned US US$51.49m compared to 871,764t at US$53.33m in corresponding month last year, according to data from the country’s Bureau of Statistics. In terms of the Pakistan rupee, sales were down by 1.6 per cent to PKR5.174bn in July. However, compared to Jul... |