Cement News tagged under: Pakistan

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Pakistan central bank forecasts large cement capacity expansion

16 July 2018, Published under Cement News

Pakistan's cement industry is currently undergoing a major transformation, as a number of players are planning capacity expansions at an estimated cost of US$2.12bn between FY18-21. According to State Bank of Pakistan's special report, almost half of the players in the industry have so far announced capacity expansion to 23.4Mta towards the production facility – a staggering increase of about 50 per cent in next few years – to reach around 72.8Mta. More than 3Mta cement capacity has alre...

Maple Leaf Cement updates about expansion

13 July 2018, Published under Cement News

Maple Leaf Cement Factory Ltd has advised the Pakistan Stock Exchange (PSX) about the company's progress on the implementation of the additional of 7300tpd clinker line at its Iskanderabad plant. The project will raise the plant's total grey cement capacity to 18,000tpd at a cost of INR25bn. The project cost is being financed approximately 17 per cent by way of right issue, 51 per cent through bank loans and the rest from internal cash generation. Letters of Credit (LCs) for supply a...

Pakistan cement consumption grows 13.8% in fiscal 2017-18

05 July 2018, Published under Cement News

Pakistan cement industry ended fiscal 2017-18 on a jubilant note, by posting yearly growth of 13.84 per cent with domestic consumption increasing by 15.42 per cent and exports inching up by 1.77 per cent. This is the first time in nine years that cement exports have registered a growth. According to data released by All Pakistan Cement Manufacturers' Association (APCMA), during the fiscal year 2017-18, domestic consumption stood at 41.147Mt, an increase of 15.42 per cent from 35.651Mt in 20...

Mega Conglomerate withdraws bid to acquire Dewan Cement

03 July 2018, Published under Cement News

Pakistan’s Mega Conglomerate Private Ltd (MCPL) has reportedly withdraw its bid to buy controlling shares in two plants of Dewan Cement based in Dhabeji, Sindh and Hattar Industrial Estate, Khyber Pakhtunkhwa. The two facilities have a combined capacity of 2.89Mta. Dewan Cement is yet to comments on failure of the deal, but markets predict it may be due to high prices and change in dynamic of cement industry in country. BMA Capital has informed Pakistan Stock Exchange (PSX) that in capa...

Bestway Cement starts dispatch from Farooqia Line II

03 July 2018, Published under Cement News

Bestway Cement Ltd (BCL) has started dispatches of cement from its new Farooqia Line II, having clinker capacity of 6000tpd, at Hattar in Khyber Pakhtunkhwa. Local supply commenced on 20 June, according to Sehar Husain, company secretary, in a notice to Pakistan Stock Exchange (PSX). Performance in 9MFY18 (July 2017-March 2018) BCL's cement production stood at 6.462Mt in 9MFY18, up by 13 per cent over last year's equivalent period. The local dispatches grew by 20 per cent, while exports ...

Pakistan: positive expectations for FY18

02 July 2018, Published under Cement News

The Pakistan cement industry is likely to wrap up FY18 on a positive note. Provisional data show that cement dispatches for June 2018 increased three per cent YoY to 2.81Mt, when compared with 2.73Mt in June 2017, according to a report of IGI Finex Securities Ltd. This brings FY18 dispatches to date to 45.72Mt, up 13 per cent YoY. In the equivalent period of FY17, deliveries reached 40.32Mt. However, MoM a fall of 28 per cent was noted, which was mainly attributed to the holy month of Ram...

Pioneer Cement raises grinding capacity

28 June 2018, Published under Cement News

Pioneer Cement, located at Khushab, in Punjab province has increased its cement grinding capacity to 0.8Mta. Company Secretary, Waqar Naeem, notified the stock exchange on Wednesday that Pioneer Cement had raised its grinding capacity to 345tph. According to Sherman Securities' Research Analyst Saqib Hussain, the capacity increase of 0.8Mta will help the company improve its revenue and profit. The extra grinding capacity was delayed and was originally scheduled to come on-stream in Decembe...

Fauji Cement appoints new Company Secretary

28 June 2018, Published under Cement News

Fauji Cement Company Ltd (FCCL) informed Pakistan Stock Exchange (PSX) that it has appointed Brig Riaz Ahmed Gondal as Company Secretary with effect from 27 June 2018, in place of Brig Ch Zafar Iqbal (Retd). The company plant is located at Fateh Jang in Punjab, Pakistan. The clinker capacity stands at 3.27Mt while  cement capacity is at 3.433Mt.

Pakistan Cement industry export revenue rises 9% in May

27 June 2018, Published under Cement News

According to Pakistan's Federal Bureau of Statistics, the Pakistan cement industry earned a foreign exchange revenue of US$20.78m by exporting 446,741t of cement in May 2018 compared to US$19.147m on 404,898t of cement in previous month. This represents a MoM growth of 8.6 per cent and 10.3 per cent in terms of value and quantity, respectively. When compared with the figure of May 2017 – earning US$14.863m on 283,193t of cement –  cement exports advanced YoY at 39.9 per cent and 57.8 per cen...

Lucky receives power plant financing

27 June 2018, Published under Cement News

Lucky Cement has received financing approval for its power plant at Deh Ghangiaro, Bin Qasim, Karachi. Lucky Electrical Power Co Ltd, a subsidiary of Lucky Cement, applied for the finance to build a 660MW supercritical coal-based power project to supply power to the national grid. The project cost is estimated at US$885m, financed through a debt-to-equity ratio of 75:25. Commercial operation is scheduled to start in March 20121.