Pioneer Cement still to decide on greenfield or brownfield expansion
Pioneer Cement has yet to select a green or brown option for expansion in the Punjab. Topline Securities hosted a corporate briefing session (CBS) for Pioneer Cement Co Ltd (PIO...
Indian Sub-Continent
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Gharibwal Cement vows to continue the BMR project
Gharibwal Cement Ltd in Pakistan has arranged a corporate briefing session on the FY22-23 and 1QFY23-24. To recall, the company posted a profit after tax of PKR1.232bn (US$4.311...
Lucky Cement completes the biggest of its kind buyback of shares
Lucky Cement informed the Pakistan Stock Exchange (PSX) earlier this week that the company wants to announce the closure of the purchase period about the buyback of shares by th...
Rupee appreciation continues to sustain cement exports from Pakistan
Pakistan’s cement industry has registered significant growth in cement and clinker exports during the first four months of FY23-24 (July-October 2023) due to the continued depre...
Maple Leaf Cement to move into hospital sector
Pakistan’s Maple Leaf Cement (MLCF) is investing PKR800-900m (US$2.77-3.12m) in a new solar power plant. The plant is expected to have a production capacity of 7.5MW. The compan...
Pakistan to strategise industrial policy, including cement
Pakistan’s caretaker government has formed a 19-member Industrial Advisory Council to develop industrial policies, including for the cement industry. The council comprises membe...
Crown Cement posts profit of BDT343m in 1QFY23-24
Crown Cement Plc of Bangladesh announced its financial results for the 1QFY23-24. The company reported a profit after taxation of BDT343m (US$3.09m) between July and September 2...
PIBT saw a host of economic challenges in FY22-23
Pakistan International Bulk Terminal Ltd (PIBTL) said in its annual report that during FY22-23, the company’s business was affected by the volumes handled, which lowered from 8....
JK Lakshmi Cement prepares for calcined clay cement production
JK Lakshmi Cement Ltd is poised to become the first cement company in India and across Asia to start commercial production of Portland calcined clay limestone Cement (IS 18189:2...
Meghna Cement Mills posts 71% profit fall in FY22-23
Meghna Cement Mills Ltd of Bangladesh posted its financial result for the year ending on 30 June 2023 on the Dhaka Stock Exchange’s website. The company reported that its profit...