Cement News tagged under: Pakistan
Attock Cement seeks a supply of minerals03 January 2023, Published under Cement NewsAttock Cement Pakistan Ltd has planned to outsource raw materials for its cement plant at Hub Choki in the Balochistan province from January 2023 to June 2023. The company asked the minerals suppliers to send the best quotation for the supply of 50,000t of gypsum and 75,000t of iron ore during this period. Bids are due on 10 January 2023. The company started commercial production in 1988 with a plant capacity of 2000tpd of clinker (approximately 0.6Mta). Through a series of expansions, ... |
Lucky Cement commissions 34MW solar power plant at Pezu30 December 2022, Published under Cement NewsThe installation of a 34MW captive solar power plant has been completed at the Pezu cement plant , Khyber Pakhtunkhwa (KPK), Pakistan, by Lucky Cement Limited , according to a regulatory filing sent to the Pakistan Stock Exchange. The regulatory filing adds that the solar power plant has been successfully commissioned and will be fully operational from December 29, 2022. Lucky Cement’s investment in renewable energy projects will result in cost savings and a reduction of the country’s re... |
Lucky Cement becomes the largest cement producer in Pakistan23 December 2022, Published under Cement NewsLucky Cement Ltd informed Pakistan Stock Exchange (PSX) on 22 December that construction and installation work concerning the brownfield expansion of the additional line of 3.15Mta at its manufacturing site at Pezu , Khyber Pakhtunkhwa (KPK), has been completed within the planned project timelines. In a regulatory filing, GM Finance and Company Secretary, Faisal Mahmood, said the new line is operational and clinker production commenced on 22 December 2022. The company’s total producti... |
Cement exports and production fall during 5MFY23 and 4MFY2319 December 2022, Published under Cement NewsPakistan's cement industry export revenue in the first five months of FY22-23 (July-November 2022) drastically fell on account of value and volumes, leading to reduced export earnings on YoY and MoM basis, according to the country’s Federal Bureau of Statistics (FBS). The production also contracted during the first four months of the current financial year. During the 5MFY22-23, the cement industry earned US$76.87m by exporting 1.547Mt of cement and clinker, compared with US$115.99m from ... |
Pakistan cement dispatches contract in November and 5MFY2306 December 2022, Published under Cement NewsPakistan's cement industry has recorded a YoY contraction of 16.82 per cent during November and 21.78 per cent in five months (July – November 2022) of the current FY2022-23. Cement dispatches/sales were disrupted due to a host of factors, including increased fuel prices, overall economic slowdown, flood impacts in the southern region, political unrest and multiple hikes in interest rates. The government increased interest rates last week by one per cent to 16 per cent. This will also dent... |
Fauji Cement opens 8.8MW solar power plant01 December 2022, Published under Cement NewsIn its quest to obtain self-sufficiency in power generation, and with the objective of using clean and green energy, Fauji Cement has held an inauguration ceremony at its Wah cement plant , Pakistan. The company's MD, Qamar Haris Manzoor, inaugurated the company's new 8.8MW solar power plant. This will reduce 10,000t of CO 2 emissions, which is equivalent to planting 15,000 trees, claims the cement company. The Wah cement plant will now be producing 60 per cent of its total power need... |
Attock Cement's new line to start at end of FY2330 November 2022, Published under Cement NewsThe management of Attock Cement Pakistan Ltd (ACPL) has announced that its new 4000tpd (1.2Mta) line will come online by the end of FY22-23. Top managed disclosed this at an analyst briefing held to discuss the recent financial performance and give an outlook of the company in the future, according to a report of AHL Research. The total expansion cost at Balochistan is estimated to be over PKR15bn (US$66.82m) and will be financed with a combination of debt and equity. Earlier, ACPL ins... |
Bestway Cement's post expansion capacity will stand at 15.2Mta30 November 2022, Published under Cement NewsThe top management of Bestway Cement Ltd organised a corporate briefing earlier this month to discuss the company's 1QFY22-23 results and outlook. The company's CFO, Muhammad Amir Khan, and Head of Budgeting, Treasury and Reporting, Muhammad Danish Khan, of Bestway Cement Ltd announced that the start of commercial operation of 7200tpd clinker line at the Minawali location is expected in December 2022 and the 7200tpd clinker line in Hattar II will start up in March 2023. The post-expan... |
PIBT reports volumes down in 1QFY22-2329 November 2022, Published under Cement NewsPakistan International Bulk Terminal Ltd (PIBT) reported cargo volumes down to 2.133Mt in the 1QFY22-23 (ended 30 September 2022) compared to 2.782Mt reported in the same period of the previous financial year. The trend is in line with industry demand for imported coal. However, the terminal’s net revenue increased by 1.3 per cent YoY to PKR3.461bn in the 1QFY22-23 from PKR3.138bn. A loss of PKR437m was reported for the 1QFY22-23 period. The net loss after taxation has been attributed to t... |
Bestway Cement receives Pioneer Award29 November 2022, Published under Cement NewsPakistan’s Bestway Cement has been awarded the ‘Carbon Neutralisation Pioneer Award’ by LONGi Green Energy Technology Co Ltd, the largest solar panel manufacturer in the world, in recognition of the cement producer’s commitment to renewable energy. Bestway is the country’s second-largest cement producer with a cement production capacity of 12.9Mta. Not only was it acknowledged for introducing a waste heat recovery (WHR) power plant at all its production facilities, Bestway also installe... |