Cement News tagged under: Pakistan
Flying Cement Co awards Loesche VRM contract for Mangowal27 September 2018, Published under Cement NewsFlying Cement Co of Pakistan has placed an order for the delivery of a further vertical roller mill (VRM) with Germany-based mill specialist Loesche. The VRM will be installed as part of a 7000tpd cement production line under construction in Mangowal, Pakistan. It will grind 600tph of raw materials. The scope of supply also includes a Hurriclon system from ATEC, a member of the Loesche Group, for separating finished material from the gas flow exiting the mill. Compared to conventional ... |
Pakistan cement sector subdued in FY1827 September 2018, Published under Cement NewsThe Pakistan cement sector collectively recorded a one per cent YoY decline in profit-after-tax during the FY18 period ended 30 June, according to a report by Spectrum Securities Ltd. Profit-before-tax registered a decline of 24 per cent. Furthermore, the gross margin fell nine per cent in the FY18 on account of higher coal prices (37 per cent rise to US$105/t) and PKR depreciation (16 per cent on-year). To review sector performance, the report considered the financial results of eight majo... |
Pakistan cement exports rise during July and August25 September 2018, Published under Cement NewsAccording to Federal Bureau of Statistics, Pakistan's cement industry earned foreign exchange revenue of US$27.57m by exporting 617,745t of cement during the month of August 2018, compared to US$20.96m from exporting 475,134t of cement in previous month. This equated to a growth of 31.5 per cent and 30 per cent in terms of value and quantity, respectively MoM. When compared with the figure of August 2017, earning of US$22.41m from 442,945t of cement – it translates to a YoY growth of 23... |
Kohat Cement's full-year profits fall 16%20 September 2018, Published under Cement NewsKohat Cement Company Ltd (KCCL) has informed the Pakistan Stock Exchange (PSX) on 19 September that its full-year net profit for 2018 was down by 16 per cent to PKR2.98bn (US$24.1m) YoY. The company's local and export sales also contracted by one per cent to PKR13.43bn. The market attributes fall in profit to a 21 per cent YoY rise in coal prices with an average rupee depreciation of five per cent during this period and a 50 per cent rise in fuel oil prices. KCCL incurred selling and dis... |
Maple Leaf Cement profit down 4%19 September 2018, Published under Cement NewsPakistan’s Maple Leaf Cement has reported a 4.2 per cent YoY fall in its profit after tax for the year ended 30 June 2018. Profit for the period came in at PKR4.572bn (US$37.1m) with earnings per share of PKR7.92. Sales for the year improved by 7.5 per cent to reach PKR25.684bn, compared to PKR23.885bn in the year-ago period. However, the cost of sales surged by 25 per cent YoY due to rising coal prices. Gross profit was down 21 per cent YoY, according to Reuters. The company declared an int... |
Pakistan's cement industry faces additional challenges18 September 2018, Published under Cement NewsPakistan's Finance Minister and chair to the Economic Coordination Committee (ECC), Asad Umar, has announced an increase in gas tariffs for all industrial sectors from 10 to 143 per cent, to take effect from October. The ECC approved a rise in gas prices for a range of sectors, including the cement industry, which is expected to see the cost of gas rise by 30 per cent from PKR750/mmBtu (US$6.05/mmBtu) to PKR975/mmBtu. In addition, it is expected that Mr Umar will present a 'mini-budge... |
Thatta Cement reports 22% drop in net sales for FY17-1814 September 2018, Published under Cement NewsPakistan’s Thatta Cement has recorded a 22.3 per cent YoY fall in net sales to PKR2.84bn (US$23.03m) for the FY17-18 period, ended 30 June 2018. Operating profit decreased 38.4 per cent to PKR563.2m (FY16-17: PKR913.69m), while net profit slipped 38.7 per cent to PKR356.86m (FY16-17: PKR581.99m). Consolidated net sales saw a minor decline of 0.8 per cent to PKR3.79bn, compared with PKR3.82bn of the FY16-17. Consolidated operating profit was down 10.5 per cent YoY to PKR987.63m. However, ne... |
Pakistan exports hit Punjab and Himachal plants13 September 2018, Published under Cement NewsCement plants in Himachal Pradesh and Punjab, India, have called for 11 per cent duty on imports from Pakistan as they see capacity utilisation levels fall to 75 per cent. They have also suggested capping of entry points and ports for cement imports into India as additional safeguards against cement dumping from Pakistan. Of a total cement demand of 8Mta in Punjab, imports are now as high as 1.5Mta, rising by 24 per cent YoY in the quarter ended March 2018. The majority of imports are from ... |
Pakistan's cement dispatches fall in August06 September 2018, Published under Cement NewsPakistan cement's industry saw a fall in total dispatches in August 2018, dropping 8.3 per cent YoY to 3.452Mt from 3.76Mt in August 2017. This runs counter to the strong month of July when a growth of 5.1 per cent was recorded. The breakdown of data, as provided by All Pakistan Cement Manufacturers' Association (APCMA), indicates that domestic cement dispatches in Pakistan reached 2.895Mt in August, including 2.326Mt delivered by mills located in the northern part of the country ... |
Power Cement secures investment for plant upgrade05 September 2018, Published under Cement NewsArif Habib Corporation Ltd (AHCL) has called extra ordinary general meeting on 26 September to make an additional investment of US$11m in Power Cement Ltd (PCL), an associated undertaking of the corporation. PCL aims to install components/machinery to make its plant more energy efficient, according to a notification on the Pakistan Stock Exchange (PSX) on 4 September . This guarantee amount by AHCL will enable PCL to negotiate a better deal with the potential supplier as AHCL will ens... |