Cement News tagged under: Pakistan
Thatta Cement majority shareholder shares stake to consortium11 March 2013, Published under Cement NewsThe majority shareholder of Thatta Cement, Pakistan, has sold its stake to a consortium of four private companies. In an announcement sent to the Karachi Stock Exchange last week, Arib Habib Corp (AHC), along with its subsidiaries, said it has sold its 61 per cent holding in Thatta Cement to the consortium PKR24.16/share. The total value of the transaction is approximately PKR1.46n (US$14.75m). Two private buyers companies, Sky Pak Holding and Al-Miftah Holdings each bought 22.7 per cen... |
Domestic demand, higher prices boost DG Khan 1H profit06 March 2013, Published under Cement NewsPakistan-based cement producer DG Khan Cement reported a rise in second-quarter profit-after-tax up of 53 per cent to PKR1.5bn (US$15.3m), thanks to advances in domestic demand on the back of the government's Public Sector Development Programme and higher prices. This takes half-year profit for FY12-13 to PKR2.9bn, representing a growth of 128 per cent. According to a report of BMA Capital, DGKC's local dispatches rose by six per cent on YoY basis in the first half of the financial year ... |
Pakistan eight-month sales ahead05 March 2013, Published under Cement NewsPakistan sales increased 3.2 per cent over the first eight months over the current fiscal, according to initial data released by the All Pakistan Cement Manufacturers Association (APCMA). A breakdown of figures over the eight month period from July 2012 to February 2013 shows that domestic sales grew by six per cent to 15.7Mt but export fell by 4.3 per cent to 5.4Mt The local sales showed growth due to accelerated Public Sector Development Programme (PSDP) spending by the government ... |
DG Khan Cement registers with UNFCCC, Pakistan04 March 2013, Published under Cement NewsPakistan cement producer DG Khan Cement Company Ltd (DGKC) has registered with the United Nations Framework, Convention on Climate Change (UNFCCC) for the qualification of Carbon Emission Reductions (CERs). The expected CERs from projects will be approximately 350,000 per annum. This includes the following projects at its two cement plants, Khofli Sattai plant, Dera Ghazi Khan and Khairpur plant, Chakwal: • waste heat recovery and utilisation for power generation at the Khofli Sattai plant ... |
Pakistan exports volumes fall, rise in value terms28 February 2013, Published under Cement NewsPakistan exports during the first seven months of the current fiscal year (FY12-13) fell 0.52 per cent to 5.076Mt, according to data released by Pakistan’s Federal Bureau of Statistics. In terms of value, however, exports rose by 24.67 per cent to US$273.33m. The average export price of cement increased by 25.31 per cent to US$67.12/t in the seven months from US$53.56/t of 7MFY 2011-12 In January 2012 alone, Pakistan exported 488,884t of cement and earned US$36.25m compared to 90... |
Fauji Cement swings to profit, Pakistan22 February 2013, Published under Cement NewsFauji Cement reported a rise in net profit in the first half of FY13 compared to a loss in the same period of last year. The Pakistan-based producer also reported a strong rise in revenue due to higher selling prices. The company reported a net profit of PKR0.923bn in the first half of the current fiscal compared to a loss of PKR0.102bn in 1HFY12. Revenue reached PKR7.567bn in the period, up by 77 per cent compared to PKR4.257bn in FY12 thanks to a better pricing environment. Prices we... |
Majority stake in Zeal Pak Cement to be sold, Pakistan21 February 2013, Published under Cement NewsThe majority shareholder of Pakistan cement manufacturer Zeal Pak Cement, Sardar Mohammad Ashraf D Baluch (Pvt) Ltd, plans to its 64 per cent controlling stake in the company. Zeal Pak’s plant, located in Hyderabad, Sindh province, is a wet-process plant with a capacity of 3000tpd. A company official told CemNet News that the owner also wants to sell Zeal Pak Cement Factory’s paper sack division, which has a capacity of 120,000 bags per day. The slag division of Zeal Pak Cement Factory is ... |
Lafarge Pakistan appoints new CEO06 February 2013, Published under Cement NewsLafarge Pakistan Cement has appointed Amr Ali Reda as its new Chief Executive Officer (CEO) for a term of three years, the company informed the Pakistan Stock Exchange. The changes at the top were made through an extraordinary general meeting of shareholders on 21 January 2013. Mr Reda has held many senior positions in various multinational companies. Prior to joining Lafarge Pakistan, he was the regional business controller of Lafarge Middle East and Pakistan and has served as a membe... |
Pakistan's domestic sales rise 10.1% in January05 February 2013, Published under Cement NewsPakistan’s domestic consumption continues to uphold sales with latest industry data for January show another decline in exports. According to data from the All Pakistan Cement Manufacturers Association, domestic cement sales jumped by 10.10 per cent to 2.135Mt in January 2013. However, exports fell by 11.91 per cent to 522,584t during the month. In the first seven months (July-January) of the current fiscal year, total cement sales rose by 4.02 per cent and reached 18.607Mt. Domestic c... |
Lucky Cement first-half boosted by higher prices, Pakistan29 January 2013, Published under Cement NewsPakistan’s leading cement producer Lucky Cement has recorded a strong rise in profit for the first half of the current fiscal year, driven by higher selling prices. Profit for the first six months of FY12-13 rose 42.15 per cent rise to PKR4.29bn (US$44m). Cement prices during the period rose 13 per cent to PKR465/bag (US$4.76) in the south zone and eight per cent in the north to PKR438. Additional increasing income and declining financial charges supported the company's bottom-line. G... |