Gharibwal Cement sees revenue advance 27% YoY
Pakistan’s Gharibwal Cement has reported a 27 per cent YoY rise in unaudited revenue for the quarter ending 30 September 2020, increasing to PKR2.6bn (US$16.19m) from PKR2.06m. ...
Pakistan
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Pakistan cement exports record positive trend in 3MFY21
Pakistan's Federal Bureau of Statistics (FBS) released cement export data for July-September 2020 and September alone, which showed a positive trend on a cumulative YoY and MoM ...
Two applications for new capacity at Dera Ghazi Khan
Two of Pakistan's leading cement manufacturers are seeking environmental approval from the Environment Protection Department (EPD), Government of Punjab, for setting up a cement...
Minerals Department issues 8 cement plant licences in Punjab
Pakistan’s Minerals Department has issued licences to eight companies willing to invest in Punjab to establish cement factories. These licences were issued on the direction of P...
Maple Leaf looks to expand WHR capacity
Pakistan’s Maple Leaf Cement Factory Ltd has announced plans to expand capacity at its waste heat recovery plant to 25MW from 16MW. The project is expected to be worth INR1.8bn ...
Flying Cement appoints new director
Pakistan’s Flying Cement Co has announced the resignation of Waqar Zahid, a director of the company, effective from 10 September 2020. Following Mr Zahid’s departure, the compan...
Mixed trends in export from Pakistan continued in 2MFY20
According to Pakistan's Federal Bureau of Statistics (FBS) cement export data for July-August 2020 (2MFY20-21) showed a mix of trends. Pakistan's cement industry earned US$44.51...
Fauji Cement sees 17% fall in net sales
Pakistan’s Fauji Cement has released its full annual report for the FY19-20 period, ending 30 June 2020, showing a 17.1 per cent YoY fall in net sales to PKR17.23bn (US$103.7m) ...
Bestway reports 31% drop in FY19-20 turnover
Pakistan-based Bestway Cement reported a gross turnover of PKR63.7bn (US$383.4m) in the financial year ended 30 June 2020, down 19 per cent YoY when compared with PKR79bn in FY1...
Maple Leaf Cement Factory Ltd posts PKR3.6m loss
Pakistan’s Maple Leaf Cement Factory Ltd (MLCF) has reported a loss of PRK3.559m (US$226.3m) for the year ended 30 June 2020. Brokerage Arif Habib Ltd in a report said, “Topline...