Cement News tagged under: subsidiary
Fecto forms new subsidiary, reports fall in domestic sales27 December 2019, Published under Cement NewsFecto Cement Ltd has approved the formation of a wholly-owned subsidiary to implement the investment in a new cement plant. The Pakistani cement producer had earlier announced plants to build a 6000tpd greenfield plant and 9MW waste heat recovery power plant in Palai, Khyber Pakhtunkhwa. Completion of the project would be expected in 18 months’ time. Financial performance 1QFY19-20 In the first quarter of the 2019-20 financial year, Fecto Cement increased its clinker production by 10.4... |
PT Indocement26 April 2017, Published under Cement NewsPT Indocement’s domestic sales volumes fell by 2.9 per cent YoY to 16.6Mt in 2016, causing its market share to contract from 27.1 to 26 per cent over the same period. Net income for the year declined by 11.03 per cent. “Increased competition in an oversupplied market, falling demand and the addition of some cement manufacturers and grinders in the home market has led to the erosion of margins due to falling prices,” says PT Indocement's Company Secretary, Oey Marcos. Exports, however, saw... |
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