Cement News tagged under: Pioneer Cement
Pioneer Cement sees profits fall by 38% in 1QFY1926 October 2018, Published under Cement NewsPioneer Cement Ltd (PCL) announced its financial results for the 1QFY19 on 25 October. It posted a profit fall to PKR257m (US$1.93m), down by 38.4 per cent YoY, as compared to PKR417m reported in the same period last year. According to PCL's notification to Pakistan Stock Exchange (PSX), company sales during the quarter increased by 2.5 per cent YoY to PKR3.23bn from PKR3.15bn reported during the same period last year. The company incurred higher distribution cost of PKR41m and admini... |
Cemtech MEA 201806 April 2018, Published under Cement NewsIndustry professionals from over 30 countries gathered for the 13th Cemtech Middle East & Africa 2018 conference and exhibition, held between 17-20 February at the JW Marriott Marquis hotel in Dubai, UAE. Cemtech MEA 2018 opened to over 200 delegates Opening this year’s Cemtech MEA conference, Thomas Armstrong, managing editor of International Cement Review, welcomed over 200 delegates to Dubai. In his presentation, he observed how global overcapacity is driving competition betw... |
Pioneer Cement reports 1HFY18 profit fall21 February 2018, Published under Cement NewsPioneer 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 mills04 September 2017, Published under Cement NewsPioneer 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 plant20 January 2017, Published under Cement NewsPioneer 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 FY201628 September 2016, Published under Cement NewsPakistan 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 Cement21 September 2016, Published under Cement NewsThe 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 upgrades16 August 2016, Published under Cement NewsRaysut 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, Pakistan24 July 2015, Published under Cement NewsPioneer 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, Pakistan03 July 2015, Published under Cement NewsPioneer 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. |