Cement stocks have outperformed in PSX lately
An analyst at Intermarket Securities Ltd has reported that cement stocks listed on the Pakistan Stock Exchange (PSX) have recently outperformed and the present bull-run in cemen...
Pakistan
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Chief Minister urges quicker clearance of NOCs for Punjab cement factories
Chief Minister of Punjab, Sardar Usman Buzdar, chaired a meeting yesterday at the Punjab Assembly about easing the process of setting up new cement factories in the Pakistani pr...
Fauji Cement announces new director
Pakistan’s Fauji Cement Company Ltd has announced the appointment of Imran Moid as a director of the company, with effect from 7 September 2020. Mr Moid will take the place left...
Fauji Cement posts FY2020 loss of PKR59m
Fauji Cement Co Ltd declared a loss of PKR59m (US$0.355m) for the year ended 30 June 2020. The company earned PKR2.824bn in the year ended 30 June 2019. “FCCL’s topline witnesse...
Cement dispatches in Pakistan improve in August but fall MoM
Pakistan’s cement industry recorded a growth of five per cent YoY in total dispatches from 3.351Mt to 3.52Mt in August 2019. However, a reverse trend of 27.2 per cent was noted,...
DG Khan award electrification contract to Schneider Electric
Pakistan-based DG Khan Cement Co Ltd, has chosen Schneider Electric to provide a comprehensive electrification solution for the 10,000tpd Balochistan plant. The facility will us...
Lucky Cement profits fall to PKR3.34bn in FY20
Lucky Cement Ltd has announced dismal financial results for FY19-20 (July 2019-June 2020). The company earned an after-tax profit of PKR3.34bn (US$19.8m) as compared to PKR10.49...
Pakistan cement industry earns good export revenue during July
Pakistan's Federal Bureau of Statistics (FBS) has released cement export data for July 2020 (FY20-21). During this period, the industry earned good export revenue as the both va...
Bangladesh's cement sector sees signs of recovery in demand
Premier Cement of Bangladesh has reported that the cement sector has been showing some signs of recovery for the last two months, despite the coronavirus pandemic. The sector ha...
Pakistan cement production witnessed a mixed trend in FY19-20
The output of Pakistan's large-scale manufacturing industries (LSMIs) declined by 10.2 per cent in the previous fiscal year, FY19-20, compared to FY18-19, as almost all of the m...