Cement News tagged under: Pakistan
Pakistan cement sales decline by up to 25%03 November 2022, Published under Cement NewsCement sales in Pakistan in the first four months of FY22-23 are expected to decline by 21-25 per cent compared to the same period a year earlier, according to the All Pakistan Cement Manufacturers Association. Sales of local cement are forecast to drop by 22 per cent, according to analysts, who attribute the fall to higher-than-expected rainfall, rising construction costs and the ongoing inflationary environment supressing demand growth. In October cement sales are predicted to remain fla... |
Dandot Cement Co expects to complete BMR in 3QFY2331 October 2022, Published under Cement NewsDandot Cement Co Ltd Company Secretary, Muhammad Kamran, recently released a progress report on the Pakistan Stock Exchange (PSX) of Balancing Modernisation of Replacements (BMR) of 504,000t of cement plant at Jehlum in Punjab, Pakistan. Cement production has remained suspended due to the closure of plant operations for BMR activity since September 2019. The total cost of BMR is PKR5.8bn (US$26.1m) and is likely to be completed by March 2023. The company is also planning to add a 5MW sola... |
Fauji Cement commissions Nizampur Line 328 October 2022, Published under Cement NewsFauji Cement Co Ltd (FCCL) informed the Pakistan Stock Exchange that on 27 October it successfully commissioned the third production line at its existing plant in Kahi Village, Nizampur, Khyber Pakthunkhwa. The new line has a clinker production capacity of 6500tpd. The project will bring the total cement production capacity of FCCL to more than 8.4Mta, according to Company Secretary, Brig Abid Hussain Bhatti. The project was completed within planned time and budget. |
Lucky Cement reports Pezu expansion on track28 October 2022, Published under Cement NewsLucky Cement Ltd announced that the company’s 3.15Mt brownfield cement expansion at Pezu remains on track to be commissioning by December 2022. A 34MW solar power project is set to be commissioned at the site in the 2Q22-23. The company has also planned a 25.3MW solar power project it its Karachi plant, where it awaits permission from the State Bank of Pakistan to establish a letter of credit. Lucky Cement’s subsidiary in Najmat-Al-Samawah, Iraq, has switched to natural gas from furnace... |
Pakistani producers to expand cement capacities26 October 2022, Published under Cement NewsIn a cement sector update, MS Research has stated that four companies in Pakistan are expected to add extra capacity in FY22-23, lifting the current 70Mta of capacity by 11.7Mta by end March 2023. According to market sources and company announcements, Bestway Cement’ s (BWCL) greenfield expansion of 2.2Mta in Mianwali, Punjab, and Fauji Cement’ s (FCCL) 2Mta brownfield expansion in Nizampur, Khyber Pakhtunkhwa, have recently commenced trial operations. As both plants are located in the ... |
Fauji Cement revenue up 27% YoY25 October 2022, Published under Cement NewsPakistan-based Fauji Cement Co Ltd (FCCL) has posted consolidated revenue of PKR14,700m (US$66.7m) in the quarter ended 30 September 2022. This compares to PKR11,577m in the same period a year earlier, marking a 27 per cent YoY improvement. Operating profit over the same timeframe has risen from PKR2859m to PKR3555m, while profit before tax has advanced from PKR2766m to PKR3315m. Earnings per share have improved from PKR0.97 in the quarter ended 30 September 2021 to PKR1.06 in the same ... |
High cost impacts Pakistan cement export in 3MFY2224 October 2022, Published under Cement NewsAccording to Intermarket Securities Ltd, in 1QFY22-23 (July-September 2022) overall cement industry utilisation stood at 56 per cent, compared to 72 per cent in the same period last year. The fall in capacity utilisation was also partially reflected in exports. The overall increase in manufacturing cost has discouraged cement companies in the South from exporting cement/clinker at current prices, which have not moved in tandem with cost. In addition, higher international coal prices coupled ... |
Bestway Cement fires new kiln line at Mianwali plant21 October 2022, Published under Cement NewsCompany Secretary of Bestway Cement Ltd , Hassan Niazi, has informed Pakistan Stock Exchange (PSX) that the company has achieved the major milestone of lighting up the kiln at its 7200tpd greenfield plant near Paikhel, Mianwali district, in Punjab Province of Pakistan. The kiln was successfully lit up at 9.22h on 20 October 2022, added the regulatory filling. Chairman of Bestway Group, Sir Mohammed Anwar Pervez OBE HPk cut the ribbon to inaugurate the lighting up of the kiln. Mr Nia... |
Fauji Cement to become Pakistan’s third-largest cement player20 October 2022, Published under Cement NewsThe Fauji Cement Company Ltd (FCCL) is currently undertaking two expansions to become the second-largest cement producer in the north of Pakistan and third-largest cement player in the country as a whole. Top officials from the company disclosed this during a corporate briefing on 18 October discussing the FY21-22 financial result (the FY21-22 profit of the company was the highest in history) and future outlook. According to Topline Pakistan Research, the merger of Askari Cement and ... |
Pioneer Cement’s profits shrink by 47% in FY21-2213 October 2022, Published under Cement NewsPioneer Cement Ltd earned a net profit after tax of PKR1.05bn (US$4.83m) in FY21-22 (July 2021-June 2022) compared to PKR1.97bn in the same period the previous year. This translates to a decrease in profit by 47 per cent YoY. The company, in its annual report, pointed out that its net sales during the reporting period increased by 46.1 per cent to PKR31.87bn from PKR21.81bn during the same period in the previous year. Despite the topline growth, increased input costs, higher inte... |