Cement News tagged under: Thatta Cement

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Mixed 1HFY17 results for Pakistani cement producers

16 February 2017, Published under Cement News

The latest series of business results of Pakistani cement producers show a mixed performance during the first half of the 2017 financial year. DG Khan Cement Company DG Khan Cement Company Ltd (DGKC) has announced its 1HFY17 financial result. It reported a profit after tax (PAT) of PKR4.506bn (US$42.9m) during 1HFY17 against a PAT of PKR4.080bn during 1HFY16, up 10 per cent, YoY. In line with trends, DGKC did not declare any dividend along with its 1HFY17 results.   The company's...

Pakistan: Maple Leaf and Thatta Cement 1QFY16/17

26 October 2016, Published under Cement News

Pakistan's Maple Leaf Cement Factory earned profit after tax of PKR1.185bn (US$11.3m) in July- September 2016 compared to PKR846.72m in the corresponding period last year, representing a 40 per cent rise. The company's net sales increased to PKR5.52bn from PKR4.96bn in 1QFY15/16. It incurred higher distribution cost of PKR373m and administrative expenses of PKR124m from PKR303m and PKR112m during this comparative period. In addition, its financing cost fell to PKR52m from PKR185.9m of sam...

Thatta completes modernisation project, Pakistan

17 July 2015, Published under Cement News

Thatta Cement on 13 July 2015 successfully started clinker production from its modernised plant situated in Thatta district, Sindh province, the company informed the Karachi Stock Exchange. Production had been suspended from 28 February 2015. The expansion project will lift capacity at the plant from 0.25Mta to 0.525Mta. In the first nine months of FY14, the company earned a net profit of PKR 241m compared to PKR195m  in the corresponding period of the previous year. Sales during the n...

Thatta Cement 1H net profit surges 51% YoY

16 February 2015, Published under Cement News

Pakistan-based producer Thatta Cement posted a 51 per cent jump in net profit to PKR139m (US$1.2m) in the first half of the current Pakistan fiscal. Earnings per share improved by PKR1.34 compared to PKR0.89 in the same period of the previous year. However, second quarter profit declined 23 per cent to PKR48m compared to PKR62.5m in 2QFY13-14. Thatta Cement operates a 0.45Mta cement works situated about 115km from Karachi which serves the southern region of the country.

Thatta Cement's Sri Lanka port project on hold

17 March 2014, Published under Cement News

Pakistan-based Thatta Cement has temporarily suspended its proposed grinding and bagging plant in Sri Lanka’s Hambantota Port as it awaits the Land Lease Agreement (LLA) to be signed by relevant authorities. In a filing to the Karachi Stock Exchange, Thatta Cement said that the Sri Lanka Ports Authority (SLPA) has not executed a LLA despite the “basic engineering being completed.” Muhammad Taha Hamdani, CFO and company secretary of Thatta Cement, expressed its dissatisfaction that SLPA...

Thatta looks forward to increased efficiency, Pakistan

23 September 2013, Published under Cement News

After swinging to a net profit in fiscal 2013, Pakistan producer Thatta Cement is looking forward to increased efficiency as it modernises existing operations.  Earlier this year the company announced that it would invest in the preheater and cooler sections of its 0.5Mta plant situated in the southern region of the country. After completion of the BMR programme, the plant would achieve sustained and uninterrupted operation together with improved efficiencies and a nominal increase in cli...

Thatta Cement signs joint venture agreement with Cementia

10 May 2013, Published under Cement News

Pakistan cement producer Thatta Cement has signed a joint venture agreement with Cementia Holding for a new grinding plant in Sri Lanka. Cementia, based in Switzerland, is part of the Lafarge group and specialises in the trade and seaborne delivery of clinker, cement and cementitious products. “We wish to inform that today M/s Thatta Cement Company Limited (THCCL) has executed a Joint Venture Shareholders’ Agreement with Cementia Holding AG (Lafarge), Switzerland, in connection with ...

Thatta Cement to construct grinding plant in Sri Lanka

05 April 2013, Published under Cement News

Pakistan-based Thatta Cement Company Limited (TCCL) has signed an agreement with Sri Lanka Ports Authority (SLPA) for the construction of a grinding plant as well as a storage and bagging facility. The SLPA had signed a preliminary agreement with Thatta Cement back in January 2012 and now a formal agreement with the Sri Lankan government has been signed for the implementation of the project. The grinding plant will initially produce 100,000tpa which is expected to be increased in the f...

Thatta Cement majority shareholder shares stake to consortium

11 March 2013, Published under Cement News

The majority shareholder of Thatta Cement, Pakistan, has sold its stake to a consortium of four private companies. In an announcement sent to the Karachi Stock Exchange last week, Arib Habib Corp (AHC), along with its subsidiaries, said it has sold its 61 per cent holding in Thatta Cement to the consortium PKR24.16/share. The total value of the transaction is approximately PKR1.46n (US$14.75m). Two private buyers companies, Sky Pak Holding and Al-Miftah Holdings each bought 22.7 per cen...

Thatta’s Cement announces modernisation project, Pakistan

22 January 2013, Published under Cement News

Pakistan cement producer Thatta Cement Company’s announced that its board of directors has approved a plan to improve production efficiency at its cement works through a ‘Balancing Modernisation and Rehabilitation’ (BMR) programme. The BMR project will take about 18-24 months to execute from the date of equipment order, CemNet News has learnt. Thatta’s cement works is located 115km northeast of Karachi, in Makli, Thatta District. The plant was commissioned in 1982 and based on dry-proc...