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...
Indian Sub-Continent
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Cement dispatches in Pakistan improve in August but fall MoM
Pakistan’s cement industry recorded a growth of five per cent YoY in total dispatches from 3.351Mt to 3.52Mt in August 2019. However, a reverse trend of 27.2 per cent was noted,...
New inland waterway receives first cement consignment
The first export consignment of cement from Bangladesh to Tripura, in India, through the inland waterways has been completed. A Bangladeshi barge carrying 50t of cement reached ...
Odisha clears two cement capacity expansion projects
India’s Odisha state government has cleared two proposals for the expansion of cement grinding capacities. It gave the go-ahead for JSW Cement’s 1.2Mta expansion and Jajpur Ceme...
DG Khan award electrification contract to Schneider Electric
Pakistan-based DG Khan Cement Co Ltd, has chosen Schneider Electric to provide a comprehensive electrification solution for the 10,000tpd Balochistan plant. The facility will us...
FLSmidth appoints regional presidents for Australia and South America
Tamer Eid has been named by FLSmidth as the company's new president for the Australia region, effective 14 September 2020. Over his career, Mr Eid has held various senior execut...
Bangladesh producers seek advanced income tax refund of BDT7500m
Bangladeshi cement manufacturers have requested that the National Board of Revenue makes payment of BDT7500m (US$88,47m) as a refundable advanced income tax to help them recover...
Lucky Cement profits fall to PKR3.34bn in FY20
Lucky Cement Ltd has announced dismal financial results for FY19-20 (July 2019-June 2020). The company earned an after-tax profit of PKR3.34bn (US$19.8m) as compared to PKR10.49...
Hetauda Cement Industries sees losses mount up
A combination of COVID-19, stalled construction activities and falling cement sales have seen Hetauda Cement Industries' losses grow fivefold YoY. The state-owned Nepalese compa...
Government plans new cement units near power stations
Nitin Raut, a cabinet minister for the government of Maharashtra, India, has stated that the Maha-Vikas Aghadi (MVA) government has plans to set up new cement units near power p...