Cement News tagged under: Pakistan

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Kohat Cement receives credit for new 7800tpd line

27 November 2017, Published under Cement News

Kohat Cement Co Ltd has informed Pakistan Stock Exchange Ltd that a letter of credit for setting up 7800tpd grey cement line has been established. On 6 June 2017 Kohat Cement Co had decided to set up a new 7800tpd cement production line at its existing Kohat plant in Punjab province, along with a waste heat recovery (WHR) power plant.   The company currently has a capacity of 2.8Mta of grey cement and 150,000tpa of white cement. The company dispatched 2.08Mt (2016: 2.09Mt) of cement ...

Pakistan sees 31% YoY rise in exports in October 2017

24 November 2017, Published under Cement News

The export revenue of the cement industry in Pakistan fell 18.57 per cent YoY throughout the July-October 2017 period, to PKR9.05bn (US$85.97m) from PKR11.12bn. The volume of cement exported also decreased by 16.6 per cent in the same period, to 1.7Mt from 2.03Mt of the year-ago period. Exports to Afghanistan recorded an increase of 15.41 per cent YoY  to 885,967t. However, exports to India saw a drop of 22.9 per cent YoY to 377,761t for the four-month period. Likewise, cement exports to th...

Dandot Cement loss increases in 1QFY17

22 November 2017, Published under Cement News

Pakistan's Dandot Cement Co Ltd (DCCL) reported a loss after tax of PKR-110m in the first quarter ended 30 September 2017,compared to a loss of PKR-64m in 1QFY16. Net sales declined 43.6 per cent to PKR289m in 1QFY2017 from PKR512m in the year-ago period. Distribution costs advanced from PKR0.8m to PKR1m YoY while administrative expenses increased from PKR4m to PKR5.6m.

Pakistan cement producers face higher coal prices

20 November 2017, Published under Cement News

Rising coal prices are presenting a risk to profit margins of cement manufactures in Pakistan. According to a local research house report, coal prices in the global markets have been on an upward trend (up 18 per cent from last July), after touching a trough at US$40/t on 16 February. It is expected that this sustained rise in coal prices will increase the cost of cement production in the short-term. Major contributory factors to the higher coal prices include China's imposition to cut p...

Pakistan cement prices unlikely to rise soon

17 November 2017, Published under Cement News

Pakistan cement producers are unlikely to increase their prices for the next three months to avoid investigation by the Competition Commission of Pakistan (CCP), reports Asianet Pakistan. The gross profit of the cement sector in Pakistan has fallen by 13 per cent YoY to PKR20.9bn (US$198m) in the first quarter of FY18. Profit after taxes decreased three per cent to PKR13.74bn from PKR14.11bn of the year-ago period. The net revenue of the industry increased 11 per cent on a yearly basis...

State Bank forecasts strong cement demand for Pakistan producers

13 November 2017, Published under Cement News

Pakistan's 11 cement manufacturers are aggressively investing in production capacity, increasing output potential by 30.3Mta (60 per cent) through expansion projectsat a cost of over US$2.225bn in FY17-19 in anticipation of strong domestic demand and improved export potential. Manufacturers are exploring new markets, such as the Philippines, Qatar, Yemen and Sri Lanka to boost their exports following a recent decline, according to a recently-published annual report of the State Bank o...

Pakistan’s cement industry expected to grow 8%

08 November 2017, Published under Cement News

Pakistan’s cement consumption grew 16.53 per cent between July-August of this year with a positive outlook for the rest of the year forecast. Domestic cement demand is expected to increase by 8-8.5 per cent per annum on the back of hydropower plants currently under construction or planned as part of the Public Sector Development Programme (PSDP) and China Pakistan Economic Corridor (CPEC) investments. CPEC is expected to implement three hydropower projects at Karot, Suki Kinari and Kohala...

Dandot Cement Company reports a loss for FY2017

07 November 2017, Published under Cement News

Dandot Cement Company Ltd has announced its financial results for FY2017. The Pakistan-based company reported a loss of PKR527m (US$4.9m) compared to the loss of PKR280m in the previous financial year. The net sales of the company fell in the same period, decreasing from PKR2.98bn of FY2016 to PKR2.49bn for FY2017. The cost of distribution increased from PKR18m to PKR24m.

Pakistan sees the highest capacity utilisation in 20 years

07 November 2017, Published under Cement News

A spokesman for the All Pakistan Cement Manufacturers Association (APCMA) has stated that the nation’s cement industry utilised over 93 per cent of installed capacity over the July-October period. Although a capacity of 1.08Mt remained idle, this was still the highest capacity utilisation for the last 20 years. The spokesperson added that the idle capacity could have been used if the government adopted export-friendly policies.  Whilst total cement despatches rose by 16.5 per cent in t...

Fauji Cement records a 1QFY18 net profit of PKR444m

31 October 2017, Published under Cement News

Fauji Cement (FCCL) has earned net profit after tax of PKR444m (US$4.2m) in 1QFY18, down by 27 per cent YoY. The company's sales stood at PKR4.79bn, up by nine per cent YoY . FCCL reported incurring distribution cost of PKR40m and administrative cost of PKR74m during this period. This translates distribution cost increasing by 18 per cent but administrative cost fell by five per cent on YoY basis.