New CFO for Power Cement
Power Cement Ltd has appointed Irfan Sikandar Bawa as CFO with effect from 4 April 2022, succeeding Tahir Iqbal, according to the company’s filing to the Pakistan Stock Exchange.
Pakistan
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Reon Energy to install 34MW solar power project for Lucky Cement
Lucky Cement and Reon Energy have announced a 34MW captive solar power project with a 5.589MWh Reflex energy storage. The project, set to be installed at Lucky Cement's Pezu pla...
Flying Cement Co awarded long-term mining lease in Punjab
Flying Cement Co Ltd has informed Pakistan Stock Exchange (PSX) recently that the Directorate General of Mines & Minerals (Punjab) has granted the company a long-term mining lea...
Maple Leaf Cement Co’s expansion project nears completion
Maple Leaf Cement Co (MLCF) is expecting to complete the Kiln Line No 4 expansion at the existing site in Iskanderabad, Mianwali district, Pakistan, in October 2022. This will l...
Maple Leaf Cement records consolidated profit of PKR2.757bn
In 1HFY22 Maple Leaf Cement ’s consolidated profit stood at PKR2.757bn (US$15.27m) as against PKR1.625bn for the corresponding period last year, representing an increase of 70 p...
Pakistan's cement/clinker exports observe a mixed trend in 8MFY22
Pakistan's cement and clinker exports have observed a mixed trend in the first eight months of FY21-22. During a presentation, Mohsin Naqvi, group director finance of Maple Leaf...
Pakistan cement producers turn to Afghan coal
Cement factories in north Pakistan have mostly switched to using a mix of coal sourced from Afghanistan and other countries as record-high world markets are making imports too e...
Pakistani cement producers earn a profit in 1HFY22
The major players in Pakistan’s cement industry have reported a profit during 1HFY22 in Pakistan. The Spectrum Research has attributed to an increase in the topline, a decrease ...
Pakistan cement dispatches fall in February and 8MFY22
All Pakistan Cement Manufacturers Association (APCMA) released disappointing domestic and export dispatch data for February and 8MFY22 as some negative developments hit the ceme...
Power Cement reports 82% YoY rise in 1H net profit
Power Cement posted a 43.6 per cent increase in revenues to PKR5162m (US$29.1m) in the quarter ended 31 December 2021 (2QFY21-22), up from PKR3595m m in the 2QFY20-21. Operating...