Cement News tagged under: Pakistan

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Power Cement posts surge in revenue

21 April 2021, Published under Cement News

Pakistan’s Power Cement has seen its revenue surge 341 per cent to PKR10.96bn (US$71.39m) in the nine-month period ended 31 March, compared to PKR2.65bn in the year-ago period. Its profit after tax reached PKR110.5m against a PKR1.75bn loss in the 9MFY19-20. In the 3QFY20-21 revenue advanced to PKR4.1bn from PKR1.39bn, while profit after tax returned to PKR41.68m from a PKR1.38bn loss in the 3QFY19-20.

Pakistan records diversified export and production results

19 April 2021, Published under Cement News

The Federal Bureau of Statistics (FBS) of Pakistan has released cement export and production data for the July 2020-March 2021 and July 2020-February 2021 periods. It shows diversified trends in export and local production. Export volumes increased during this period, but revenues remained flat in dollar terms, reflecting a weaker price market for cement and clinker. Meanwhile, local output increased on intense local demands and expansion in capacity. Export Pakistan's cement industry e...

Kohat Cement returns to profit in 3Q

13 April 2021, Published under Cement News

Pakistan’s Kohat Cement has posted a net profit of PKR1.059bn (US$6.92m) in the quarter ending 31 March 2021, compared with a PKR381.08m loss in the same period last year. Total sales for the period advanced 163 per cent YoY to PKR6.71bn against PKR2.55bn in the 3QFY19-20. Record high industry dispatches and an increase in the company’s production capacity along with higher domestic retention all contributed to the overall growth during the period. For the nine-month period ended 31 Ma...

Maple Leaf Cement Factory increases clinker capacity

07 April 2021, Published under Cement News

Pakistan’s Maple Leaf Cement Factory has expanded clinker capacity at Line 3 of its Iskandarabad plant in Punjab. The brownfield project has boosted the line’s capacity by 500tpd to 7800tpd. As a result, the company’s total grey clinker capacity has now reached 18,500tpd from 18,000tpd previously. This is in advance of the 7000tpd Line 4 project, which was announced last month.

Dewan Cement appoints new director

07 April 2021, Published under Cement News

Pakistan’s Dewan Cement has appointed Nida Jamil as a director of the company, with effect from 5 April 2021. Ms Jamil has been appointed in place of Waseem-ul-Haque Ansari, according to a company statement.

Pakistan sees 44% rise in demand for March

06 April 2021, Published under Cement News

Pakistan’s cement sector posted its highest-ever monthly growth of 44.4 per cent YoY for March 2021, rising to 5.773Mt from 3.722Mt in the year-ago period on the back of an increase in domestic consumption and exports. The All Pakistan Cement Manufacturers Association reported a 42 per cent increase in local cement dispatches to 4.563Mt, compared to 3.214Mt in March 2020. Exports also advanced 60 per cent YoY from 507,480t to 810,962t. During the 9MFY20-21, total cement dispatches clim...

Maple Leaf Cement Factory awards a contract for Punjab brownfield project

25 March 2021, Published under Cement News

Maple Leaf Cement Factory Ltd (MLCFL) has signed a contract with plant supplier Chengdu Design & Research Institute of Building Materials Industry Co Ltd, China, for the supply of equipment and engineering for a 7000tpd dry-process grey clinker Line (No 4), through a brownfield expansion project in Punjab province, Pakistan.  According to a communication to Pakistan Stock Exchange (PSX) by Company Secretary, Muhammad Ashraf, the agreement was reached on 22 March to enhance its clinker p...

Cement export from Pakistan remains fragile in 8MFY21

18 March 2021, Published under Cement News

The Federal Bureau of Statistics (FBS) of Pakistan has released cement export and production data for the July 2020-February 2021 and July 2020-January 2021 periods, respectively. It shows mixed trends. Export volumes increased during this period, but revenues declined in dollar terms, reflecting a dwindling global market for cement and clinker. Meanwhile, local output increased. Export Pakistan's cement industry earned US$183.19m of export revenue by delivering 5.469Mt of cement ...

Pakistan cement sales expand 2% in February

04 March 2021, Published under Cement News

Total cement sales in Pakistan edged up two per cent YoY to 4.6Mt in February 2021, showing sharply decelerating market growth when compared with January, when the market expanded by 16.3 per cent. The drop in sales was attributed by the All Pakistan Cement Manufacturers Association (APCMA) to a considerably drop in export sales, which fell to 18.2 per cent YoY to 753,444t – the fourth-consecutive monthly decrease. Domestic sales in February 2021 increased by 6.1 per cent YoY to nearly 4...

Pakistan cement companies show significant profits during 2QFY20

02 March 2021, Published under Cement News

Pakistan’s top cement manufacturers recorded significant profitability with improved margins during the last quarter of 2020. The experts believe this trend is likely to continue in reaming quarters of the ongoing financial year.  According to an analyst of Spectrum Securities Ltd, the cement sector’s profitability continued in 2QFY21 as the bottom line of the 13 companies on the Pakistan Stock Exchange (PSX) posted profits to the tune of PKR11bn (US$69.7m) as compared to PAT of PKR5bn in...