Cement News tagged under: Pakistan
Top management changes at Fauji Cement in Pakistan17 April 2020, Published under Cement NewsFauji Cement Company Ltd (FCCL) has made top important changes in management, earlier this week, according to formal bourse filling to the Pakistan Stock Exchange (PSX). Waqar Ahmed Malik has been appointed as director and chairman of FCCL with effect from 9 April 2020, in place of Lt Gen Syed Tariq Nadeem Gilani, (Retd). It addition, with effect from 9 April 2020, the company board will be joined by Lt Gen Muhammad Ahsan Mahmoud, (Retd) as CEO, MD and executive director. Non-executive ... |
State Bank of Pakistan reviews cement industry performance in 1HFY2015 April 2020, Published under Cement NewsThe State Bank of Pakistan has released its second quarterly report of FY20 (July 2019-June 2020) on the state of Pakistan's economy on 14 April. The report reviewed the performance of all sectors and appreciated the cement industry's progress, but pointed out the challenges of the coronavirus on all industries. According to the report, the global and domestic spread of COVID-19 has brought an exceptional set of challenges for the country. The spillovers from the global economy and the in... |
Pakistan resumes cement and construction activities15 April 2020, Published under Cement NewsPakistan's government has taken the bold decisions to open selected local and export-oriented industries (including cement) in a meeting of the National Command and Operation Centre (NCOC), headed by Prime Minister Imran Khan on 14 April. However, the lockdown period for other industries has been extended until 30 April, says the official notification. It was felt that the restrictions need to be extended, but certain relaxations related to low-risk economic activities should also be consi... |
Research house prospects on Pakistan's cement sector after COVID-1914 April 2020, Published under Cement NewsPakistani research house Spectrum Securities Ltd has taken stock of mitigation efforts against the coronavirus in the country's cement sector. The measures to stop the spread of the virus had prompted the closure of number of plants to suspend production. The analysts review the pandemic impacts on stocks, demands in 2Q20, profits, future outlook and other aspects. According to the research house, given the current circumstances, the future looks uncertain about where this pandemic will le... |
Pakistan's goverment to recover foreign loan funds from Galadari Cement14 April 2020, Published under Cement NewsPakistan's government on 8 April decided to recover a foreign funding loan from a local cement plant that has been under construction for a long time in Balochistan province. According to a government statement, Adviser to the Prime Minister on Finance and Revenue, Dr Abdul Hafeez Shaikh, on the summary moved by the Economic Affairs Division (EAD) for the recovery of foreign currency loans from the private sector borrowers, ie Galadari Cement Ltd (GCL), has decided that the EAD should re-s... |
Maple Leaf Cement restores its plant operations at Punjab in Pakistan08 April 2020, Published under Cement NewsMaple Leaf Cement Factory Ltd (MLCFL) has informed Pakistan Stock Exchange Ltd that it has resumed its production operations at its plant located at Iskanderabad, Dist Mianwali, in Punjab, on 7 April. This was possible due to the government's allowed relaxation of COVID-19 lockdown for the construction industry, said Company Secretary, Muhammad Ashraf, in the bourse filling. The plant had temporarily suspended its operations recently in the light of government instruction to control the ... |
Likely post-coronavirus cement scenario in Pakistan08 April 2020, Published under Cement NewsA local research house has estimated cement demands/sales in Pakistan after the coronavirus period, provided it is fully controlled well before it could bring any catastrophe on the economic front. IMS Research forecasts that the present lockdown will keep cement demand below full potential until the end of 1HFY21 (July-December). Thereafter, a strong rebound in demand growth and profit margins seems more likely, given an earlier-than-expected start of monetary easing and government's stim... |
Powering up with WHR07 April 2020, Published under Cement NewsIn the south of Pakistan, Power Cement Ltd (PCL), part of the Arif Habib Group, has started production from a new 7700tpd clinker line supplied by FLSmidth. The hot exhaust gases from the new facility are utilised to generate around 11.5MW of gross power without using any fuel. By SM Imran, Power Cement, Pakistan. View of the AQC boiler, Power Cement, Pakistan Globally, steam Rankine cycle-based technology has established its status in cement and power plants in terms of reliabi... |
Pakistan announces the much-anticipated construction package07 April 2020, Published under Cement NewsPakistan's Prime Minister, Imran Khan, last week announced the much-awaited Construction Package, which is mainly comprised of tax incentives for the construction industry. The sector has now been given the status of an industry. Economists and research houses called the package a boost for the construction and cement industries with little reservation and pointed out that while it looks very good on paper, the timing of its announcement is less than ideal, due to the atmosphere of uncert... |
March cement data reflects coronavirus impact in Pakistan06 April 2020, Published under Cement NewsAll Pakistan Cement Manufacturers Association (APCMA) has officially released cement dispatches data for March 2020 and cumulative dispatches for nine months. The demand for cement in March has reportedly contracted due to the mitigation efforts of the federal and provincial governments to stop the spread of the coronavirus in Pakistan. The whole country is partially or fully locked down for the last 15 days and this has affected the supply chain/local/export dispatches and demand in the co... |