Cement News tagged under: Pioneer Cement

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Pioneer Cement reports 1HFY18 profit fall

21 February 2018, Published under Cement News

Pioneer Cement Ltd has announced that its net profit for the period 1HFY18 fell by 51 per cent to PKR737m (US$6.6m). T his was reportedly due to a decrease in sale, increase in cost of sales as well as higher in distribution and administrative expenses. The financing cost has also increased to PKR49m from PKR2.5m. The company's net sales fell from PKR5.19bn to PKR4.89bn, whereas, cost of sale increased to PKR3.4bn from PKR3.07bn during this period. No dividends were announced by the comp...

Pakistan’s Pioneer Cement Ltd orders four Loesche mills

04 September 2017, Published under Cement News

Pioneer Cement Ltd has awarded Loesche with the contract for four vertical roller mills (VRMs) for its new production line at its Chenki/Kushab district, Punjab. The new line will expand the cement producer’s production capacity at the site to 8000tpd. The contract includes a 630tph VRM for raw meal grinding as well as two cement mills that will grind clinker at a rate of 235tph each. The LDC (Loesche Dynamic Classifier), which is used in the plant and is optimally customised to the Loesch...

Pakistan: Pioneer Cement inaugurates WHR unit at Chenki plant

20 January 2017, Published under Cement News

Pioneer Cement has marked the formal coming into operation of the new waste heat recovery plant at its Chenki plant by celebrating the firm’s environmental credentials. Writing in the Business Recorder, Pioneer notes that the facility’s conversion to coal has increased emissions, but that this has been countered by greater efficiency. “I take this opportunity to convey my appreciation and gratitude to the entire Project team for their untiring efforts in completion of project in record...

Pakistan: Pioneer Cement profits up slightly in FY2016

28 September 2016, Published under Cement News

Pakistan cement producer Pioneer Cement Ltd has reported post-tax profits of PKR2.51bn (US$24m) for the financial year ended June 2016, a rise of 0.9 per cent YoY. In a notice to Pakistan Stock Exchange (PSX), the company stated that its net sales increased by 11 per cent to PKR9.36bn over the same period. Pioneer incurred distribution costs of PKR60m and administrative expenses of PKR81.5m, both up slightly on last year. However, the financing cost fell to just PKR17.5m, around a third o...

Pakistan: positive outlook for Pioneer Cement

21 September 2016, Published under Cement News

The outlook for 2017 for Pioneer Cement Ltd appears to be positive, with major projects related to the company’s growth and energy efficiency expected to make further progress. These projects are forecast to boost the company’s profit margins. They include the installation of a 12MW waste heat recovery system, due for commissioning in November-December 2016 and a new 2500tpd grinding mill, which will improve production by 25-30 per cent once completed in February-March 2017. Pioneer C...

Oman: Raysut Cement upgrades

16 August 2016, Published under Cement News

Raysut Cement is in the process of completing several expansions and improvements across its domestic and international assets. One project currently underway is the upgrade of its gas supply station at its Salalah plant in Oman. The upgrade will enable the plant to receive an additional 40,000m 3 of gas as fuel per day. According to Chairman of the Board of Directors, Ahmed Yousuf bin Alawi, upon completion of the project, the plant’s production capacity will increase to approximately 1...

Pioneer Cement to install WHR plant, Pakistan

24 July 2015, Published under Cement News

Pioneer Cement Ltd plans to install a 12MW waste heat recovery plant at its factory located at Chenki Village, District Khushab in the Punjab province of Pakistan. During the period ended on 31 March 2015, the company produced 736,510t of clinker, a decline of 12.4 per cent (or 104,668t) compared to the 841,178t produced in the corresponding period of last year. Capacity utilisation declined by seven per cent YoY to 49.2 per cent due to the availability of sufficient stock at the start of ...

Pioneer Cement and CITIC sign agreement for WHR plant, Pakistan

03 July 2015, Published under Cement News

Pioneer Cement has signed an agreement with CITIC Heavy Industries, China, to purchase a waste heat recovery (WHR) plant with a power generation capacity of 12MW. According to the company notice sent to the Karachi Stock Exchange (KSE) on Wednesday, the total estimated cost of the plant is PKR1.5bn (US$14.7m). Pioneer Cement's 2.03Mta plant is located at Chenki, District Khusshab, in the heart of Punjab province, 250km from Lahore.

Pakistan: Kohat Cement Co interested in 76% Lafarge Pakistan stake

05 May 2014, Published under Cement News

Pakistan's Kohat Cement Company announced that it will participate in the bidding process for the acquisition of 1.1bn ordinary shares of PKR10 each of Lafarge Pakistan, representing 75.86 per cent of the total issued and paid-up share capital of Lafarge Pakistan, according to local news service The News. Vision Holdings Middle East, which holds a 47 per cent stake in Pioneer Cement, and DG Khan Cement have also expressed interest in acquiring the stake from Lafarge subsidiary Sofima SA. ...

Raysut sales ease in first nine months, Oman

12 November 2013, Published under Cement News

Raysut Cement, the leading cement producer in Oman, reported a rise in pretax profit for the first nine months of 2013, but sales eased due in part to competition from neighbouring UAE. During the Jan-September 2013 period the company reported a 12.6 per cent YoY rise in net profit before tax of OMR21.52m (US$55.9m). Revenue was down slightly to OMR70.18m compared to OMR70.35m in the same period of the year. The company said that competition from the UAE is likely to continue, putting pres...