Cement News tagged under: Pakistan

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Cement growth seen in Pakistan's 9MFY17-18 data

21 May 2018, Published under Cement News

According to Federal Bureau of Statistics, the large-scale manufacturing sector posted 5.8 per cent growth in the first nine months July 2017-March 2018, as the construction boom continued to push up consumption of cement and steel. The local cement industry production was recorded at 31.17Mt during this period from 27.77Mt, produced in corresponding months July 2016-March 2017. This shows a growth of 12.2 per cent on YoY basis. The growth in March 2018 alone produced 4Mt of cement compar...

Gharibwal starts its new VRM

16 May 2018, Published under Cement News

Gharibwal Cement Ltd has started commercial operation of its 250tph vertical cement mill at its Ismailwal, plant, Pakistan. According to Company Secretary, Muhammad Shamail Javed, the new cement mill will help reduce the energy costs of cement grinding, while the excess cement grinding capacity will support future expansion plans. This new cement mill is the single-largest cement grinding mill presently in operation in Pakistan. Performance in nine months ended 31st March 2018 The compan...

Dewan Cement rejects Mega Conglomerate offer

14 May 2018, Published under Cement News

Mega Conglomerate's plan to acquire 87.5 per cent majority stake in Dewan Cement could be over. The deal is thought to have collapsed after Dewan Mohammad Yousuf Farooqui, chairman of the Yousuf Dewan Companies, rejected the offer of Mega Conglomerate to acquire a majority stake in Dewan Cement, reports Pakistan Today. A letter sent on 21 April by Mega Conglomerate Executive Director, Aly Khan, to Mr Farooqui, reveals that the due diligence exercise assessed Dewan Cement's enterprise value...

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.