Cement News tagged under: Pakistan
Economic activity is strengthening in Pakistan29 January 2020, Published under Cement NewsPakistan State Bank has stated that data of 1HFY20 for large scale manufacturing (LSM) indicates that economic activity is strengthening in export-oriented and import-competing industries, including gains in cement, while inward-oriented industries continue to slow. This was shared at a central bank meeting on 28 January 2020, when the Monetary Policy Committee (MPC) decided to keep the policy rate unchanged at 13.25 per cent for coming two months. The decision reflected the MPC's view th... |
Kohat Cement commissions 7800tpd kiln line27 January 2020, Published under Cement NewsKohat Cement Company Ltd (KOHC) informed Pakistan Stock Exchange (PSX) on 27 January 2020 that it has successfully commenced commercial operations from its brownfield grey kiln line of 7800tpd, including waste heat recovery power plant, in Khyber Pakhtunkhwa province. A company notification says that after setting up of this additional line, the total installed cement production capacity of the company has enhanced from 2,953,500tpa to 5,293,500tpa. |
FDI falls QoQ in Bangladesh23 January 2020, Published under Cement NewsBangladesh received gross foreign direct investment (FDI) of US$716.48m during the 3Q19 for the cement, textile, power, telecommunication, banking, foods, construction, trading, gas and petroleum, leather, chemicals, fertiliser, IT industry and other sectors, according to data released by Central Bank of Bangladesh. The country had received US$973.28m in previous quarter of April-June 2019 period and US$1.331bn in January-March 2019 period. This amounts to US$3.021bn between January-Septe... |
Attock Cement reports 41% growth in profit during 1HY19-2023 January 2020, Published under Cement NewsOn 21 January 2020, Attock Cement Pakistan Ltd (ACPL) announced its 1HFY19-20 financial results (for the period ended 31 December 2019). According to a notification by Attock Cement to the Pakistan Stock Exchange (PSX), the company's consolidated profits after tax increased to PKR1.15bn (US$7.44m) during this period, from PKR816m earned in corresponding period of FY18. This translates an increase of 41.3 per cent on YoY basis, which was possible due to a sales increase to PKR12.45bn from P... |
Dewan Cement of Pakistan to elect seven directors22 January 2020, Published under Cement NewsDewan Cement Ltd (DCL) has informed Pakistan Stock Exchange (PSX) on 20 January about the election of seven directors of the company for a three-year period. Company Secretary, Mohammad Hanif German, stated in a notification to PSX that the election will be carried out in the forthcoming Extra Ordinary General Meeting of the company, scheduled to be held on 27 January 2020. The new directors are expected to be Haroon Iqbal, Syed Muhammad Anwar, Waseem-ul-Haque Ansari, Ishtiaq Ahmed, Muh... |
Pakistan's cement production improves in 5MFY19-2021 January 2020, Published under Cement NewsThe Pakistan Federal Bureau of Statistics (PBS) has released the production data of the country's top industries for the first five months of the current financial year. The lacklustre performance in the industrial sector reflects overall economic slowdown in the ongoing fiscal year. The State Bank of Pakistan estimates the economy to grow by 3.5 per cent in 2019-20. The latest data for large-scale manufacturing industries (LSMI) for the July-November 2019 period posts that the overall out... |
Pakistan dispatches higher volume but earned lesser in 1HFY2020 January 2020, Published under Cement NewsPakistan cement industry's increased its overseas dispatches but saw value contract in 1HFY19-20. Therefore, the industry's foreign exchange revenues fell by US$11.74m in the first six months when compared with the previous-year's first half. The country's cement sector received US$145.26m by exporting 3.766Mt of cement and clinker between July and December 2019, compared to US$157m from exporting 3.671Mt of cement and clinker in same months in the previous year, according to the country'... |
FDI into Pakistani cement and construction falls17 January 2020, Published under Cement NewsPakistan has received a net total foreign direct investment (FDI) of US$1.34bn during first six months of July and December of FY19-20 compared to US$796.8m received in same months of the previous year. This represents an increase of 68 per cent YoY, mainly due to a high inflow from Norway, China, Japan, Malta, USA and other countries between July and December 2019, according to data of the State Bank of Pakistan. However, this increasing trend of FDI was not reflected in the country's con... |
Pioneer Cement's new kiln line starts production16 January 2020, Published under Cement NewsPioneer Cement Ltd (PIOC) has informed Pakistan Stock Exchange (PSX) that the company successfully ignited its new 10,000tpd kiln line. Company Secretary, Abdul Wahab, said cement production and dispatch from the new line is expected to start soon. The 2.2Mta brownfield expansion is part of the company's Vision 2025 programme, which includes a 24MW coal-fired power plant and 12MW waste heat recovery power plant at Khushab, Punjab. Before this expansion, the company had 2.03Mta of cement ... |
Zeal Pak Cement of Pakistan struggles to survive15 January 2020, Published under Cement NewsPakistan oldest cement factory, Zeal Pak Cement Ltd, has informed Pakistan Stock Exchange (PSX) last week about management efforts to make it a viable plant. To date it has been running losses due to number of factors, including the old technology. According to Masood ul Hassan, group general manager of the company, said the management is running the factory at a continuous loss and only for its survival to provide employment. The company is facing a huge financial crisis. Established i... |