Cement News tagged under: Pakistan
Wärtsillä receives 29MW power engine order from Cherat Cement25 September 2017, Published under Cement NewsFinland-based technology group Wärtsilä is to supply power generation equipment for an extension to Cherat Cement Ltd. The Pakistani cement producer has contracted Wärtsilä to supply three Wärtsilä 34DF dual-fuel engines capable of operating on both natural gas and heavy fuel oil (HFO). The total electrical output will be approximately 29MW. Wärtsilä will also provide advisors to oversee the installation and commissioning of the engines. Cherat Cement, located in the Khyber Pakhtunkhwa... |
Five killed in accidental explosion at Rohri Cement plant22 September 2017, Published under Cement NewsInitial report suggests that five people, including security personnel, were killed and eight others were injured in a blast while defusing explosives at a cement factory in Sukkur in Sindh province of Pakistan on Tuesday. The management of Rohri Cement (Pvt) Ltd in a public announcement, on 21 September, expressed profound sorrow about the deaths of "martyred, valiant Rangers – as well as the officers and the workers of Rohri Cement plant, due to accidental explosion occurred on 19 S... |
Fauji Cement sees full-year profit halve to PRK2.61bn21 September 2017, Published under Cement NewsFauji Cement Co Ltd reported a 51 per cent drop in net profit after tax to PKR2.61bn (US$24.5m) in FY17 from PKR5.36bn in FY16. The Pakistani cement producer saw sales edge up to PKR 20.423bn from PKR 20.044bn in FY16. However, costs of sale also increased to PKR15.98bn from PKR10.87bn in previous fiscal year as a production halt in Line II led to the purchase of expensive clinker. The line is expected to be back on-stream in October. The company incurred distribution cost of PKR166m and... |
DG Khan Cement's unconsolidated FY17 net profit falls 9% YoY20 September 2017, Published under Cement NewsDG Khan Cement (DGKC) of Pakistan announced unconsolidated FY17 net profit after tax of PKR7.97bn, down nine per cent YoY basis. The company also declared final cash dividend of PKR7.50/share, complying with 40 per cent mandatory payouts. According to a bourse filing, the company also renewed a working capital loan of PKR1bn to Nishat Hotels and Properties, an associate concern. Company total sales stood at PKR30.13bn during this period against PKR 9.70bn of FY16. The company incur... |
Kohat Cement Co reports FY17 profit fall19 September 2017, Published under Cement NewsKohat Cement Co Ltd (KOHC) of Pakistan has reported a FY17 profit after tax of PKR3.54bn (US$33.5m), a drop of over 19 per cent YoY. Total sales of the cement producer fell to PKR13.54bn during this period from PKR14.019bn of FY16. The company incurred selling and distribution expenses of PKR129m, and administrative and general costs of PKR163bn compared to PKR154m and PKR133m, respectively, when compared with FY16. Financing costs stood at PKR84m. The company also announced a fina... |
Askari Cement opts for ETA cooler technology19 September 2017, Published under Cement NewsThe Chinese design institute NCDRI has awarded a contract to Claudius Peters for the delivery of two clinker cooler conversions. The customer, Askari Cement in Pakistan, wants to convert two grate coolers to modern ETA cooler technology from Claudius Peters. The cooler conversions will be carried out at the Nizampur cement plant which has two production lines in operation. The 856 S ETA coolers will each be equipped with eight rows of HE-modules and a roller crusher RB 305-3 EM. In a fir... |
Pakistan cement sales up 11% in August18 September 2017, Published under Cement NewsCement sales in Pakistan rose 10.9 per cent YoY in August 2017 to 3.766Mt from 3.585Mt in August 2016. In the northern region, dispatches reached 2.731Mt, up from 2.495Mt in August 2016, while in the southern region dispatches rose from 0.532Mt to 0.625Mt during the same period. Some 307,000t of cement was exported from the north, significantly less than 355,000t reported in August 2016. Exports from the south slipped from 203,000t to 103,000t. Capacity utilisation in August surpa... |
Maple Leaf FY17 net profit dips14 September 2017, Published under Cement NewsPakistan-based Maple Leaf Cement Factory Ltd (MLCF) reported a net profit of PKR4.77bn in FY17, a decline of two per cent on a YoY basis. Revenue was up by two per cent YoY to PKR24.0bn for FY17. Finance costs of the company declined by 27 per cent YoY to PKR318m during FY17. Along with the results the company also announced a final cash dividend of PKR1.75/share taking cumulative DPS to PKR3.75/share (compared to a DPS of PKR4.0 in FY16). |
Attock Cement reports flat 4Q earnings, full-year rise13 September 2017, Published under Cement NewsPakistan cement producer Attock Cement posted flat net earnings in 4QFY17 of PKR796m (US$7.5m) against the same period of last year, the company said in a note to the Pakistan Stock Exchange. The result took full-year earnings in fiscal 2016-17 to PKR3.303bn, up five per cent YoY versus PKR2.89bn in the previous fiscal. Revenue in FY17 rose by six per cent YoY to PKR14.7bn thanks to a rise in cement dispatches to 2.08Mt. However, margins remained stagnant at 40 per cent as coal pri... |
July's cement dispatches see significant rise in northern Pakistan11 September 2017, Published under Cement NewsPakistan's local dispatches from units based in its northern region were 2.423Mt, while the region's export dispatches reached 0.338Mt in July 2017, representing a significant increase from 1.516Mt local and 0.306Mt export dispatches reported in July 2016. The turnaround was a surprise, after a poor June 2017, particularly when considering the political turmoil and unprecedented rains throughout the country during the month. Cement mills in the south also recorded a growth in local di... |