Lucky Cement sees double-digit profit growth
Lucky Cement Limited has reported profit after tax on a consolidated basis of PKR26.53bn (US$142.9m), of which PKR5.81bn was attributable to non-controlling interests, in the ni...
Pakistan
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Pakistan cement dispatches and exports slow in 9MFY22
Pakistan’s cement dispatches have slowed amid rising construction costs, a lower development budget and higher freight costs with 9MFY22 dispatches down six per cent, says Topli...
Power Cement's Kiln Line III to resume operations by the end of April 2022
Power Cement Ltd informed Pakistan Stock Exchange (PSX) on 11 April 2022, that a component of the new Line III of the company’s plant at Nooriabad Industrial Area, Kalo Kohar Di...
APCMA reports local dispatches improve while exports fall in 9MFY22
According to the data released by the All Pakistan Cement Manufacturers Association (APCMA), Pakistan cement total dispatches (local and overseas) declined by 6.3 per cent in Ma...
A review of listed cement companies in Pakistan
The total market capitalisation of the top 15 cement companies in Pakistan stood at US$2.738bn as of 28 March 2022. They represent a market share of 97.4 per cent in the total s...
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.
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...