Cement News tagged under: Power Cement
Varied results for PSX listed cement producers in 1QFY19-2013 November 2019, Published under Cement NewsThe financial results of eight cement companies of Pakistan for the July-September 2019-20 period reveals that their profits shrank owing to weak sales, high financial charges and other unavoidable factors, with a few of them also sustaining losses. Industry overview In the 1QFY19-20 Pakistan's cement industry posted a marginal growth of 2.6 per cent, amounting to 11.13Mt compared with 10.85Mt last year. Local dispatches remained more or less the same, rising to 9.12Mt from 9.06Mt in th... |
Power Cement reports 11% fall in sales07 October 2019, Published under Cement NewsPakistan’s Power Cement Ltd has reported a 11.2 per cent decline in net sales to PKR3.85bn (US$24.5m) in the FY19 ended 30 June, falling from PKR4.34bn in the year-ago period. Gross profit was down 76.7 per cent YoY to PKR157.28m in the period. However, profit after tax increased 82 per cent to PKR582.1m from PKR319.9m. |
Powering southern expansion21 December 2018, Published under Cement NewsPakistan’s promising cement market fundamentals are driving a number of domestic producers to expand their local production bases. Power Cement Ltd (PCL) has embarked on the construction of a complete 7700tpd line which will significantly enhance the company’s existing capacity and make it the second-largest producer in the south. By SM Imran, Power Cement, Pakistan. Pre-assembled parts of the preheater ready for erection at Power Cement’s new production line project, Pakistan T... |
Power Cement expects real estate to increase sales08 October 2018, Published under Cement NewsWhile other southern cement producers have been wary of a slowdown, Power Cement Ltd (PCL), owned by the Arif Habib Group, has a need for expansion. "The Power Cement plant will start production on full capacity in June 2019 and it will produce 7700tpd of clinker and 9600tpd of cement," said Kashif Habib, the company's CEO. PCL, formerly Al-Abbas Cement, has developed its business through the construction of high-rise buildings and housing in Kerachi, Hyderabad, Thatta, Kotri and outher so... |
Lucky receives power plant financing27 June 2018, Published under Cement NewsLucky Cement has received financing approval for its power plant at Deh Ghangiaro, Bin Qasim, Karachi. Lucky Electrical Power Co Ltd, a subsidiary of Lucky Cement, applied for the finance to build a 660MW supercritical coal-based power project to supply power to the national grid. The project cost is estimated at US$885m, financed through a debt-to-equity ratio of 75:25. Commercial operation is scheduled to start in March 20121. |
Power Cement completes Nooriabad expansion finance21 June 2018, Published under Cement NewsOne of the Pakistan’s leading cement producers, Power Cement Ltd has completed financing arrangements of PKR24.9bn (US$205m) for the 2.5Mta expansion of its cement plant Nooriabad Industrial Area, Kalo Kohar District, Jamshoroo, Sindh. On completion of this expansion, Power Cement will be the second-largest producer in the Southern Region by May 2019, with the total capacity of 3.4Mta, saidTahir Iqbal, the company's CFO. The breakdown of financing includes equity of PKR1.3bn by foreign in... |
Power Cement awards contract to GE30 April 2018, Published under Cement NewsPakistan’s Power Cement has awarded the contract for the design, manufacture and supply of a 132/6.3kV air-insulated switchgear grid station to GE Power. The new grid station will be delivered on a turnkey basis at the cement producer’s existing 0.9Mta Nooriabad plant, where a new line is currently under construction. The contract is expected to be completed in early 2019. The station is designed to provide efficient, reliable power to Power Cement from Hyderabad Electric Supply Co (HE... |
Pakistan: Arif Habib Group to invest PKR25bn in new plant20 January 2017, Published under Cement NewsArif Habib Group has said that it is going to invest PKR25bn (US$238.5m) in a new cement plant to be completed in the next two years, to be operated by its subsidiary Power Cement. The new plant will take the installed capacity of Power Cement to 3.37Mta from its current capacity of just 0.9Mta. Owing to energy shortages, Pakistan’s GDP is not growing at the pace it should. However, Power Cement Chairman, Nasim Beg, stated that he believed the China-Pakistan Economic Corridor (CPEC) will ... |
CTP closes three contracts, Pakistan12 November 2015, Published under Cement NewsCTP TEAM, a Bedeschi company, announced the closing of three contracts with Power Cement Ltd for the upgrade of dedusting systems at the producer's cement factory in Pakistan. Part of the Harif Habib Company, Power Cement operates two production lines at the cement plant situated near Karachi. The contract with CTP concerns the conversion of Kiln No 2's raw mill electrostatic precipitators (ESPs) into baghouses, the conversion of the cooler's ESP into baghouse and the supply of the new cem... |
Al Abbas Cement announces name change, Pakistan04 April 2013, Published under Cement NewsPakistan-based producer Al Abbas Cement has officially changed its name to Power Cement, the company informed the Karachi Stock Exchange yesterday. The company operates a cement plant in Nooriabad, Dadu, with a clinker and cement capacity of 0.9Mta and 0.95Mta, respectively. According to its half-yearly report (July-December 2012) it has reduced accumulated losses from PKR2.184m as at the end of December 2011 to PKR1.412m at the end of 2012. Gross profit increased by PKR144.549m compar... |