Cement News tagged under: Pakistan
Pakistan FDI increases substantially16 April 2013, Published under Cement NewsPakistan's cement industry received US$6.3m in foreign direct investment (FDI) between the July 2012-March 2013 period, the country's Central Bank reported on 16 April. The amount is 294 per cent more than the corresponding period of the previous year (July 2011-March 2012), when FDI was US$1.6m. |
Lafarge Pakistan signs health and safety MoU with APCMA09 April 2013, Published under Cement NewsLafarge Pakistan and the All Pakistan Cement Manufacturers Association have signed a Memorandum of Understanding (MoU) for a health and safety training and awareness initiative. Mr Amr Reda, CEO of Lafarge Pakistan said in a statement: “The cement industry operates in an environment with multiple types of hazards, making it our priority to ensure the safety of all people working directly and indirectly in it.” The APCMA is encouraging all its members to study and apply these safety sta... |
Pakistan cement dispatches rise on increased exports08 April 2013, Published under Cement NewsPakistan reported a rise in dispatches last month led by gains in export volumes but domestic sales were subdued. Latest data from the All Pakistan Cement Manufacturers’ Association show cement dispatches reached 3.326Mt last month, of which 2.558Mt was consumed by the domestic market and 0.786Mt exported. Exports during March rose by 22.9 per cent YoY, and were up 15 per cent MoM compared to February 2013. However, the healthy gain in exports was accompanied by only marginal growth in... |
Thatta Cement to construct grinding plant in Sri Lanka05 April 2013, Published under Cement NewsPakistan-based Thatta Cement Company Limited (TCCL) has signed an agreement with Sri Lanka Ports Authority (SLPA) for the construction of a grinding plant as well as a storage and bagging facility. The SLPA had signed a preliminary agreement with Thatta Cement back in January 2012 and now a formal agreement with the Sri Lankan government has been signed for the implementation of the project. The grinding plant will initially produce 100,000tpa which is expected to be increased in the f... |
Pakistan cement producers deny cartel01 April 2013, Published under Cement NewsPakistan cement producers have denied the existence of a cement cartel, telling the Ministry of Industries that they are operating at the lowest rate of return. The Express Tribune reports that during a meeting with the ministry, the producers in question countered the claims by stating they have passed on the minimum impact of inflation to end-users over the past few years. They highlighted that cement prices, which were PKR320/bag in 2005, currently only stand at PKR425/bag despite inpu... |
DG Khan to buy stake in GS Cimento, Mozambique28 March 2013, Published under Cement NewsPakistan-based cement producer DG Khan Cement Company (DGKC) has signed a Memorandum of Understanding (MoU) to acquire a majority stake in an upcoming Mozambique cement producer. DG Khan has informed the Pakistan Stock Exchange that it has entered into a MoU with Sumaria Cement Holdings Ltd of Mauritius to acquire a 57.5 per cent shareholding In GS Cimento which is plans to construct a 0.55Mta cement plant in Mozambique. The total consideration for the deal is US$8.625m, which may be r... |
Pakistan exports rise 24% YoY in value25 March 2013, Published under Cement NewsPakistan has reported flat growth in export sales in terms of volume for the first eight months of fiscal 2012-13, but a strong advance has been reported in terms of value thanks to improvements in the price per tonne of cement. During the July 2012 – Feb 2013 period, Pakistan exported 5.59Mt of cement with a value of US$376.85m compared to 5.589Mt at US$303.71m in the same period of last year. This represents a growth in volumes of 0.03 per cent but a rise in dollar value of 24.08 per ce... |
Lafarge Pakistan Cement swings to profit20 March 2013, Published under Cement NewsLafarge Pakistan Cement (LCP) has earned a net profit after tax of PKR1.488bn (US$15.17m) for the year ending 31 December 2012, compared to a loss of PKR118.42m in the previous year. Net sales rose PKR9.624bn last year from PKR7.804bn, reflecting a growth of 23.32 per cent. The cost of sales stood at PKR6.44bn against PKR6.148bn in 2011. The company incurred distribution costs of PKR225m and administrative expenses of PKR627n compared to PKR246m and PKR487m, respectively, the year before. ... |
Lafarge executive visits Pakistan operations13 March 2013, Published under Cement NewsLafarge's executive vice president of Energy and Strategic Sourcing, Peter James Hoddinott, has visited the group's operations in Pakistan to review its latest sustainability achievements and explore export potential. During the visit, which took place over 6-8 March 2013, Mr Hoddinott toured the Lafarge Pakistan Cement (LPC) plant which is located at Kalar Kahar, district of Chakwal, Punjab province. He commended Lafarge’s local team on upholding the group’s guiding principle of sustainab... |
Lucky Cement appoints new CFO12 March 2013, Published under Cement NewsLucky Cement has appointed Muhammad Faisal to be its chief financial officer. ??He replaces Muhammad Abid Ganatra. |