Cement News tagged under: Pakistan

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Pakistan producers to increase prices

14 May 2018, Published under Cement News

Cement prices in Pakistan are set to increase by PKR15-20/50kg bag (US$0.13-0.17/50kg bag), after companies have reached a consensus on production according to a stipulated quota. High supply levels and increased production costs have negatively impacted profitability for cement companies, according to The Express Tribune. “A consensus has been reached among cement producers to increase prices,” said Anjali Rawlani, UBL Funds research analyst. “Companies have been producing as much as they ...

Fauji Cement 9M net profits total PKR2.12bn

09 May 2018, Published under Cement News

According to Board of Directors report of Fauji Cement Co Ltd (FCCL), during the nine-month period ended 31 March 2018, it earned a net profit of PKR2.12bn (US$18.36m)  as compared to PKR1.972bn (US$17m) in the same period last year. FCCL achieved capacity utilisation of 98 per cent, compared to 87 per cent in the corresponding period of the last year. FCCL's local dispatches stood at 2.328Mt, compared to 2.132Mt during the corresponding period of the last year, showing an increase of nin...

Cement factories offer water solution to Supreme Court

09 May 2018, Published under Cement News

The Suo Motu case against Bestway-I, Bestway-II, DG Khan cement factories and Dandot Cement Co in Pakistan on the Shri Kates Raj Temple Pond issue seems to be wrapped, as the Supreme Court on 8 May, has received a proposal from the cement factories that they would find an alternative water source and pay for the water they use until then, local media reports. In November last year, the Supreme Court had taken notice of reports that the pond in the Katas Raj temple complex in Punjab was d...

Pakistan cement dispatches total 39Mt in first 10 months of fiscal year

08 May 2018, Published under Cement News

The Pakistan cement industry during the first 10 months of outgoing fiscal year July 2017-April 2018 dispatched 38.99Mt of cement compared to 33.880Mt during the same period last year. It posts a growth of 15.1 per cent YoY.   According to data released by All Pakistan Cement Manufacturers Association (APCMA), out of this total, the mills of the northern region dispatched 28.9Mt cement for domestic consumption, up by 18.69 per cent over last year. The northern zone exported 2.674Mt of cem...

Pakistan cement firms see profits fall

02 May 2018, Published under Cement News

Pakistani cement companies continue to report decreases in profits, largely due rises in the cost of sale and other factors in the 9MFY17-18.   DG Khan Cement Co Ltd (DGKC) earned a net profit of PKR4.96bn (US$40.4m) in 9MFY18 compared to PKR6.45bn (US$55.6m) in the corresponding period of the previous financial year, representing a 23 per cent YoY drop. Net sales rose to PKR23.37bn from PKR22.63bn during this period. DGKC incurred a distribution cost of PKR691m against PKR231m in the year...

Pakistan cement export revenue continues to grow

01 May 2018, Published under Cement News

Pakistan cement exports during the first nine months of the current fiscal year (July 2017-March 2018) recorded a YoY fall of 8.5 and 13 per cent in terms of quantity and value in dollar, respectively, says the Federal Bureau of Statistics, Government of Pakistan. Pakistan exported 3.337Mt of cement and earned export revenue of US$166.6m in July 2017-March 2018 compared to 3.646Mt at US$191.51m in the corresponding months of the last fiscal year. In March 2018 the country expor...

Kohat Cement completes grinding mill installation

01 May 2018, Published under Cement News

Kohat Cement Co Ltd (KOHC) has successfully installed a new 105tph cement mill at Kohat in the Khyber Pakhtunkhwa province of Pakistan.   KOHC is currently working on a 7800tpd brownfield expansion project that is expected to come on-stream in 1H20. Presently, KOHC has a production capacity of 2.677Mta of cement.

Power Cement awards contract to GE

30 April 2018, Published under Cement News

Pakistan’s Power Cement has awarded the contract for the design, manufacture and supply of a 132/6.3kV air-insulated switchgear grid station to GE Power. The new grid station will be delivered on a turnkey basis at the cement producer’s existing 0.9Mta Nooriabad plant, where a new line is currently under construction. The contract is expected to be completed in early 2019. The station is designed to provide efficient, reliable power to Power Cement from Hyderabad Electric Supply Co (HE...

Pakistan budget 2018-19 offers mixed incentives to cement industry

30 April 2018, Published under Cement News

Pakistan's Federal Minister for Finance, Revenue & Economic Affairs, Dr Miftah Ismail, presented the country's Federal Budget 2018-19 in the National Assembly on 27 April 2018. Analysts have termed the budget for cement industry "Negative to Neutral" although it provides a mixed bag of incentives for cement manufacturers and exporters. The government expects GDP growth of 6.2 per cent for FY19 as compared to 5.8 per cent for FY18. Industrial growth remains the major contributor at an estim...

Lucky Cement to establish 1.2Mta Samawah grinding plant

27 April 2018, Published under Cement News

Lucky Cement Ltd of Pakistan is planning to set up greenfield clinker production facility in southeast of Baghdad, Iraq, according to Irfan Chawala, the ompany's CFO in information sent to Pakistan Stock Exchange (PSX). Lucky Cement plans to set up a 1.2Mta clinker line in Samawah as a step to becoming self-sufficient in terms of clinker production in the country.The US$109m project will be carried out as a joint venture with an existing local partner and is subject to all regulatory and s...