Pakistan's cement dispatches pick momentum in August 2023
Pakistani cement dispatches saw encouraging figures in domestic and overseas markets in August 2023. Usama Rauf, the investment analyst at AKD Securities, stated that cement sal...
Indian Sub-Continent
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Bangladesh's mega infrastructure projects provide cement demand
The Bangladesh government is implementing around a dozen mega projects using locally-made construction materials instead of imported alternatives. Bangladesh Prime Minister, She...
Adani Cements will not require external loans for capex expansion
Adani Cements is looking to rely on operating cash flows and internal accruals to fund its INR460,000m (US$5.5bn) expansion capex over the next five years, without the need for ...
Bangladesh cement producers switch to VRMs and roller presses
Bangladesh cement manufacturers are replacing their traditional ball mills (TBMs) with sophisticated vertical roller mill (VRM) and roller press (RP) equipment, reports the Dail...
Fauji Cement Co sees profit expand YoY in FY23
Fauji Cement Co Ltd (FCCL) has earned profit after tax of PKR7.4bn (US$24.34m) in FY23, compared to PKR7.1bn in FY22. The result comes despite the retrospective increase in the ...
Fauji Cement plant achieves ISO certification for energy management
Fauji Cement (FCCL) has announced that its manufacturing facility in Nizampur , Khyber Pakhtunkhwa, has achieved ISO 50001:2018 certification through TUV, Austria for its Energy...
Adani group posts EBITDA growth of 42% in 1Q
Adani Group delivered EBITDA growth of 42 per cent YoY to INR235,320m (US$2852m) in 1QFY24 with businesses across segments ranging from airports and sea ports registered good gr...
Cement dispatches are likely to rebound in August 2023
While Pakistani cement dispatch data for August 2023 is yet to be released by All Pakistan Cement Manufacturers (APCMA), Topline Securities has forecast that local cement dispat...
A 24% fall in Pakistan cement exports in July 2023
Pakistan began the FY23-24 (July 2023-June 2024) by registering lower cement and clinker exports in value and volume terms, with sea exports declining. While reviewing the month...
Lucky Cement achieves another milestone for solar energy
Lucky Cement ’s GM Finance and Company Secretary, Faisal Mahmood, informed the Pakistan Stock Exchange (PSX) on 21 August 2023 about the successful completion and commissioning ...