Cement News tagged under: Power Cement Limited

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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...

Al-Abbas Cement proposes name change, Pakistan

21 December 2012, Published under Cement News

Pakistan cement manufacturer Al-Abbas Cement Industries Ltd (AACIL) is to change its name to Power Cement Limited, the company said in a filing to the Karachi Stock Exchange. The company’s board of directors agreed the name change at a board meeting on 18 December 2012 which is subject to approval by regulatory authorities and shareholders of the company. During the first quarter of the current fiscal year, the company earned a profit of PKR109.88m compared to a loss of PKR173.38m in t...