Cement News tagged under: Power Cement Limited

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Power Cement reports loss due to revenue fall in 1HY19

28 February 2020, Published under Cement News

Power Cement Ltd has announced its financial results for the half year ended 31 December 2019. It reported a loss after taxation of PKR365m (US$2.366m) compared to a profit of PKR9.7m in the corresponding period last year. The major factors responsible were reduced earnings and higher expenses together with expensive financing during this accounting period. The financing cost increased to PKR207m from PKR77m during this accounting period. The company sales decreased by 38 per cent to PKR1.2...

Power Cement starts new production lines

11 December 2019, Published under Cement News

Power Cement Ltd (PCL) has informed Pakistan Stock Exchange (PSX) that its new 7700tpd clinker production plant has started producing clinker from 10 December, says a notification sent by Company Secretary, Tahir Iqbal. PCL has been in process of installation of its two plants, namely a 7700tpd 'clinker production plant' and an 8800tpd 'cement production and dispatch plant' – increasing its capacities to 10,700tpd of clinker and 12,100tpd of cement, respectively. With this installation, PC...

Power Cement to become No 2 in south Pakistan

09 October 2019, Published under Cement News

Power Cement Ltd (PCL) is set to complete the brownfield expansion at its existing production site by adding a new line of 7700tpd (2.5Mta), taking the plant’s total capacity to around 3.4Mta. The project is currently in its testing phase and commissioning will start in 2020. Once online, the project will make the company the second-largest cement producer in southern Pakistan. The expansion project is meets IFC and World Bank environmental standards and is one of the most cost-efficient ...

Power Cement suspends its older production capacity

19 August 2019, Published under Cement News

Power Cement Ltd of Pakistan has suspended a third of its cement output due to lack of demand and falling prices. Pakistan's second largest cement producer has close 3150tpd of its production at its Nooriabad Dadu plant, which it says is no longer viable with the high production costs. It is left with 7700tpd of newer operational capacity at Nooriabad Dadu, while FLSmidth is currently completing a new 3150tpd line at the plant. The old units were closed because they are "inefficient line...

Mounting challenges for Pakistan cement producers

08 July 2019, Published under Cement News

Pakistan's cement industry faces strong headwinds with new tax measures, an increase in gas and electric prices, unrest among cement distributors and retailers, dwindling local demands and negligible export to neighbouring countries, says a local research house. BMA Capital Management reports that challenging demand/supply outlook amid rising cost of operations triggered by supply chain constraints, a rise in federal excise duty (FED), etc has led to added pressure on cement prices. The e...

Power Cement's WHR plant nears completion

03 July 2019, Published under Cement News

Power Cement Ltd has announced that it is installing a 12MW waste heat recovery (WHR) power plant, which is expected to be operational later this year at the company's plant site in Deh Kalo Kohar, Nooriabad Industrial Estate, District Dadu (Sindh). Currently, 100 per cent of the plant's power requirement is being fulfilled through the electricity grid, according to Power Cement. Earlier, the company disclosed that it successfully installed 8500tpd (2.5Mta) of cement capacity on its exist...

Power Cement to become second-largest producer in southern Pakistan

26 June 2019, Published under Cement News

Power Cement Ltd has informed the Pakistan Stock Exchange (PSX) that it has completed the procurement and installation of plant and equipment of the two expansion projects at its plant site in Nooriabad Industrial Area, Kalo Kohar District, Jamshoroo, Sindh province, Pakistan. It includes a 7700tpd 'clinker production plant' and 8500tpd 'cement production and dispatch plant', says a letter signed by Tahir Iqbal Company Secretary to PSX on 25 June. Both plants were procured from the ceme...

Power Cement expansion runs smoothly

17 April 2019, Published under Cement News

Power Cement of Pakistan has released a progress report on the implementation of the Nooriabad expansion project  for the quarter ended 31 March 2019. In view of the ongoing progress, a new date for trial production would be announced soon, according to a company official. The original expected date for trial production was June this year.   Power Cement is implementing an ambitious expansion plan to install a new line of 7700tpd at the company's existing site Nooriabad Industrial Area, Kal...

Power Cement has 22% of new 7700tpd line erected

01 February 2019, Published under Cement News

Power Cement Ltd (PCL) reported its progress on its ambitious expansion plan to install a new 7700tpd line at its existing site in Sindh province of Pakistan. According to Tahir Iqbal, company secretary, during early 2017, equipment supply and supervision contracts were signed with FLSmidth and letters of credit were established. Construction and erection contract had also been finalised with China-based TEPC and the company has since been working actively to complete the project within du...

Power Cement announces increase in sales

28 February 2018, Published under Cement News

Power Cement Ltd (PCL) has announced a fall of 18 per cent YoY in profit after tax for the half year ended 31 December 2017. According to a notification to the Pakistan Stock Exchange on 26 February, PCL's sales increased by 1.5 per cent to PKR2.09bn (US$18.85bn) compared to PKR2.06bn, recorded in the corresponding period last year. PCL incurred a distribution cost of PKR67m against PKR54m of the year-ago period. Alongside this, administrative expenses also rose to PKR57m (1HFY16-17: PKR3...