Bestway reports 31% drop in FY19-20 turnover
Pakistan-based Bestway Cement reported a gross turnover of PKR63.7bn (US$383.4m) in the financial year ended 30 June 2020, down 19 per cent YoY when compared with PKR79bn in FY1...
Indian Sub-Continent
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Ramco Cements installs new 9MW WHR unit
India’s Ramco Cements has commissioned a 9MW waste heat recovery unit at its Jayanthipuram cement plant in Andhra Pradesh. Two more 9MW waste heat recovery systems are being ins...
Maple Leaf Cement Factory Ltd posts PKR3.6m loss
Pakistan’s Maple Leaf Cement Factory Ltd (MLCF) has reported a loss of PRK3.559m (US$226.3m) for the year ended 30 June 2020. Brokerage Arif Habib Ltd in a report said, “Topline...
Mangala Cement Udyog told to withdraw product from market
Nepal Bureau of Standards and Metrology (NBSM) has barred Mangala Cement Udyog from selling certain products after they failed to meet the quality standard. During a market insp...
India Cements begins transporting fly ash by rail
India Cements’ plant in Chilamkur, Andhra Pradesh, has started loading wet fly ash for another plant in Vishnupuram, Telangana. This marks the first time that fly ash is being l...
Cement stocks have outperformed in PSX lately
An analyst at Intermarket Securities Ltd has reported that cement stocks listed on the Pakistan Stock Exchange (PSX) have recently outperformed and the present bull-run in cemen...
Export of cement from Bangladesh continues to shrink in 2MFY20-21
Bangladesh's cement industry has earned export revenue of US$0.89m in July-August 2020 (2MFY20-21), compared to US$1.33m bagged in July-August 2019. The modest start to the fina...
Chief Minister urges quicker clearance of NOCs for Punjab cement factories
Chief Minister of Punjab, Sardar Usman Buzdar, chaired a meeting yesterday at the Punjab Assembly about easing the process of setting up new cement factories in the Pakistani pr...
Fauji Cement announces new director
Pakistan’s Fauji Cement Company Ltd has announced the appointment of Imran Moid as a director of the company, with effect from 7 September 2020. Mr Moid will take the place left...
Fauji Cement posts FY2020 loss of PKR59m
Fauji Cement Co Ltd declared a loss of PKR59m (US$0.355m) for the year ended 30 June 2020. The company earned PKR2.824bn in the year ended 30 June 2019. “FCCL’s topline witnesse...