Cement News tagged under: Pakistan
CTP Team Srl wins two ESP to baghouse projects in Pakistan30 October 2018, Published under Cement NewsPakistan-based cement producers Popular Cement and Cherat Cement have chosen CTP Team Srl for the company's expertise in de-dusting and air filtration system to carry out emissions control projects at their cement plants. Popular Cement has chosen the Italian dedusting specialist to convert its ESP to a baghouse at its cement mill using European state-of-the-art technology, before resuming operations at the plant following a nine-year stoppage. Meanwhile, Cherat Cement needed to co... |
CMA meets with government Commerce and Industry advisor29 October 2018, Published under Cement NewsDuring a meeting on 27 October, Pakistan's Cement Industries Association (CMA) has informed the the country's Advisor to the Prime Minister on Textile, Commerce, Industry, Production and Investment, Abdul Razak Dawood, that Pakistani companies are exporting clinker by sea to Bangladesh, where clinker demand and prices have risen. "It's a good breathing space for Pakistani cement manufacturers to export our surplus clinker to Bangladesh and other parts of the world," said the CMA> Abdul R... |
Increased export revenue MoM and YoY for Pakistan producers in 3MFY1929 October 2018, Published under Cement NewsAccording to the Federal Bureau of Statistics, Pakistan's cement industry earned foreign exchange revenue of US$29.05m by exporting 671,913t of cement during September compared to US$27.57m on 617,745t of cement in previous month. This represents a MoM growth of 5.4 per cent and 8.8 per cent in terms of value and quantity, respectively. Compared to September 2017, earnings of US$17.76m on 359,766t of cement, it translates to a growth of 63.5 per cent in earning of foreign currency and 86.... |
Pioneer Cement sees profits fall by 38% in 1QFY1926 October 2018, Published under Cement NewsPioneer Cement Ltd (PCL) announced its financial results for the 1QFY19 on 25 October. It posted a profit fall to PKR257m (US$1.93m), down by 38.4 per cent YoY, as compared to PKR417m reported in the same period last year. According to PCL's notification to Pakistan Stock Exchange (PSX), company sales during the quarter increased by 2.5 per cent YoY to PKR3.23bn from PKR3.15bn reported during the same period last year. The company incurred higher distribution cost of PKR41m and admini... |
DG Khan Cement 1QFY19 earnings fall by 85%26 October 2018, Published under Cement NewsDG Khan Cement Company Ltd (DGKC) of Pakistan announced its financial results for 1QFY19 with unconsolidated earnings falling at PKR418m (US$3.1m), down by a substantial 85 per cent YoY, as compared to PKR2.84bn reported in the same period last year, says a filling of company to Pakistan Stock Exchange on 25 October. Company net sales increased by nine per cent to PKR8.18bn YoY, likely due to incremental sales from its south plant, which are still below expected levels from managements p... |
Dewan Cement reports fall in profit 1QFY1925 October 2018, Published under Cement NewsPakistan's Dewan Cement Ltd (DCL) on 25 October announced that it earned PKR184m (US$1.37m) in 1QFY19, down by 24.8 per cent YoY, as compared to PKR245m reported in the same period last year. According to DCL's notification to Pakistan Stock Exchange (PSX), company sales during the quarter declined by 2.3 per cent YoY to PKR2.91bn from PKR2.98bn of same period last year. The gross profits during the period dropped substantially by 23.41 per cent YoY. The company incurred higher distr... |
Bestway Cement FY1Q19 earnings fall25 October 2018, Published under Cement NewsBestway Cement Lts (BCL) announced its financial results for 1QFY19 on 22 October. It posted earnings of PKR2.25bn (US$16.9m) during this period, down by 24.6 per cent YoY. According to a filing of company to Pakistan Stock Exchange (PSX), its net sales also fell by 6.71 per cent to PKR 17.4bn from PKR18.66bn during this period, on YoY. Domestic cement companies are feeling the effects of the rise in input costs, stemming from higher global coal prices and the domestic impact of the rupe... |
Change of CEO in Dadabhoy Cement25 October 2018, Published under Cement NewsDanish Dadabhoy, director of Dadabhoy Cement Industries Ltd informed Pakistan Stock Exchange (PSX) on 22 October, that following the death of CEO Muhammad Amin Dadabhoy, the board of directors has appointed Fazal Karim Dadabhoy as a new CEO of Dadabhoy Cement Industries effective from 22 October 2018. The Dadabhoy Cement plant is locatedat Kalu Kohar, in Dadu District of Sindh, Pakistan and has capacity of 2800tpd. |
Kohat Cement reports 1QFY19 earnings drop of 41%24 October 2018, Published under Cement NewsKohat Cement Company Ltd (KOHC) announced its financial results for 1QFY19 by reporting earnings of PKR529m, down by 41 per cent YoY, as compared to PKR903m reported in the same period last year. According to a filing of company to PSX, its sales during the quarter inched up by three per cent YoY to PKR3.52bn, likely due to an increase in cement sales prices against the comparative period. The company incurred higher distribution cost of PKR30m and administrative expenses of PKR7m c... |
Maple Leaf Cement profits fall in 1QFY1924 October 2018, Published under Cement NewsPakistan's Maple Leaf Cement Factory Ltd (MLCF) announced its financial results for 1QFY19 with consolidated earnings falling at PKR587m (US$4.4m), down by 45 per cent YoY, as compared to PKR1073m reported in the same period last year. According to MLCF's notification to Pakistan Stock Exchange (PSX), company sales during the quarter declined by three per cent YoY to PKR5.65bn, likely due to a slowdown in dispatches as a consequence of a halt in development projects by the caretaker gover... |