Cement News tagged under: Pakistan
Cement factories offer water solution to Supreme Court09 May 2018, Published under Cement NewsThe 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 year08 May 2018, Published under Cement NewsThe 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 fall02 May 2018, Published under Cement NewsPakistani 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 grow01 May 2018, Published under Cement NewsPakistan 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 installation01 May 2018, Published under Cement NewsKohat 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. |
Power Cement awards contract to GE30 April 2018, Published under Cement NewsPakistan’s Power Cement has awarded the contract for the design, manufacture and supply of a 132/6.3kV air-insulated switchgear grid station to GE Power. The new grid station will be delivered on a turnkey basis at the cement producer’s existing 0.9Mta Nooriabad plant, where a new line is currently under construction. The contract is expected to be completed in early 2019. The station is designed to provide efficient, reliable power to Power Cement from Hyderabad Electric Supply Co (HE... |
Pakistan budget 2018-19 offers mixed incentives to cement industry30 April 2018, Published under Cement NewsPakistan's Federal Minister for Finance, Revenue & Economic Affairs, Dr Miftah Ismail, presented the country's Federal Budget 2018-19 in the National Assembly on 27 April 2018. Analysts have termed the budget for cement industry "Negative to Neutral" although it provides a mixed bag of incentives for cement manufacturers and exporters. The government expects GDP growth of 6.2 per cent for FY19 as compared to 5.8 per cent for FY18. Industrial growth remains the major contributor at an estim... |
Lucky Cement to establish 1.2Mta Samawah grinding plant27 April 2018, Published under Cement NewsLucky Cement Ltd of Pakistan is planning to set up greenfield clinker production facility in southeast of Baghdad, Iraq, according to Irfan Chawala, the ompany's CFO in information sent to Pakistan Stock Exchange (PSX). Lucky Cement plans to set up a 1.2Mta clinker line in Samawah as a step to becoming self-sufficient in terms of clinker production in the country.The US$109m project will be carried out as a joint venture with an existing local partner and is subject to all regulatory and s... |
Pakistan releases survey with cement sector update27 April 2018, Published under Cement NewsThe Pakistan Economic Survey 2017-18 was released on 26 April by Dr Miftah Ismail, adviser to the Prime Minister on Finance, Revenue and Economic Affairs. The report provides a detailed overview of Pakistan's economic performance during the year. According to the survey, the cement sector in Pakistan comprises 20 companies, with total listed capital of PKR72.618bn (US$518.7m) and the market capitalisation of PKR610.576bn (US$436m). The recent growth in domestic cement demand has been c... |
Cherat Cement reports 15% net profit increase26 April 2018, Published under Cement NewsPakistan’s Cherat Cement Co Ltd has announced its 9MFY18 results, reporting a 14.6 per cent YoY increase in net profit to PKR1.79bn (US$15.49m). Net sales increased 66 per cent to PKR11.14bn, compared with PKR6.71 of the year-ago period. However, the company’s distribution cost increased by 18.6 per cent to PKR248m, according to its statement to the Pakistan Stock Exchange. The company has a cement production capacity of 2.42Mta from its facility in Nowshera. |