Cement News tagged under: Power Cement Limited
Power Cement records surge in revenue18 February 2021, Published under Cement NewsPakistan’s Power Cement Ltd has seen its revenue surge to PKR6.85bn (US$43.1m) in the first half ended 31 December 2020, compared to PKR1.24bn in the year-ago period. Gross profit returned to a PKR1.69bn profit from a PKR345.6m loss in the 1HFY19-20. Net profit after tax reached PKR68.79m from a PKR365.8m loss. |
Cement imports pile up at Karachi Port02 December 2020, Published under Cement NewsCement is quickly building up at the entrance to Karachi Port, as many of the deep-draught berths at the port are currently occupied by wheat-importing vessels. Consequently, cement exporters are suffering huge financial losses from the costs incurred from detention, demurrage and delays to offloading their goods. In a letter to the maritime affairs minister, Power Cement CEO, Kashif Habib, stated that all three deep- draught berths available at Karachi Port are occupied. "Due to slow... |
Power Cement reports loss due to revenue fall in 1HY1928 February 2020, Published under Cement NewsPower 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 lines11 December 2019, Published under Cement NewsPower 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 Pakistan09 October 2019, Published under Cement NewsPower 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 capacity19 August 2019, Published under Cement NewsPower 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 producers08 July 2019, Published under Cement NewsPakistan'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 completion03 July 2019, Published under Cement NewsPower 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 Pakistan26 June 2019, Published under Cement NewsPower 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 smoothly17 April 2019, Published under Cement NewsPower 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... |