Displaying items by tag: Pakistan
Pakistan: Maple Leaf Cement’s sales revenue increased by 11% year-on-year to US$114m in the first half of its financial year to 31 December 2016. Its profit rose by 12% to US$25m, according to the Dawn newspaper. Growth was attributed to cement sales in the local market despite a significant drop in exports to Afghanistan and an increase in the price of coal.
Pakistan: Dewan Muhammad Yousuf has been appointed as the chairman of the board of directors and Syed Muhammad Anwar has been appointed as the chief executive officer of Dewan Cement. The appointments took effect from 6 February 2017.
Pakistan: Pioneer Cement has signed contracts with Chengdu Design & Research Institute of Building Materials Industry (CDI) to build a new 8000t/day clinker production line at its cement plant in Chenki, District Khusshab in Punjab. The order also includes a 12MW waste heat recovery unit and a captive 24MW coal power plant. No value for the order has been disclosed.
Pakistan: The UK’s Asian Precious Minerals has announced plans to build a US$400m cement plant in Khyber-Pakhtunkhwa province. Asian Precious Minerals’ chief executive officer (CEO) Nadim Khan, Executive Director Peter Frost, Country Manager Irshad Ali Khokhar and Jason Mumtaz of the British High Commission met with provincial Chief Minister Pervez Khattak to discuss the plans, according to the Express Tribunal newspaper. The project hopes to take advantage of infrastructure demand being driven by the China-Pakistan Economic Corridor.
Pakistan: Syed Jamal Shahid has retired as a director of Fauji Cement with effect from 19 January 2017. Tahir Ashraf Khan has been appointed as a director of the company with effect from 20 January 2017.
Pakistan: Lucky Cement’s sales have risen by 13% year-on-year to US$514m for the six months to 31 December 2016 from US$454m in the same period in 2015. Its profit after tax rose by 14% to US$83m from US$73m. It attributed the increase in revenue on rising sales volumes and its cost of sales fell due to lower fuel costs.
Its cement sales volumes rose by 5.4% to 3.5Mt from 3.3Mt, although exports fell by 16.3% to 0.75Mt from 0.9Mt. Overall the cement producer reported that its market share in Pakistan grew slightly to 18.8% due to an increase in its share of domestic sales.
The cement producer reported that construction at its Punjab cement plant project is awaiting governmental approvals and that it is expected to start in June 2017. A waste heat recovery unit at its Pezu plant is planned to finish commissioning and start operation by the end of January 2017. A joint-venture 1.18Mt/yr plant in the Democratic Republic of the Congo started commercial operation in December 2016 and a 0.87Mt/yr cement grinding plant in Iraq is expected to come online in August 2017.
Pakistan: Cherat Cement has announced plants to build a third production line at its plant at Nowshera in Khyber-Pakhtunkhwa province. The new line will have a cement production capacity of 7100t/day, according to the Express Tribune newspaper. The upgrade will increase the company’s production capacity to 4.5Mt/yr.
The cement producer opened at second production line at the site in late 2016. It is also planning to build a waste heat recovery unit.
Pakistan: Pervez Khattak, the chief minister of the Khyber Pakhtunkhwa province, has ordered that plans to build a cement plant at Haripur be sped up. He made the pronouncement while attending a meeting to plan infrastructure development in the region including new towns, an oil refinery and hydroelectric projects, according to the Dawn newspaper. Frontier Works Organisation (FWO) officials who attended the meeting said that US$245m would be invested in the cement plant project. Altogether the investments total nearly US$10bn and are part of the on-going China-Pakistan Economic Corridor initiative.
Pakistan: Arif Habib Group plans to spend US$235m on upgrading its Power Cement plant in Nooriabad to 3.37Mt/yr from 0.9Mt/yr. The upgrade will be completed by the end of 2019, according to the Express Tribune newspaper. Company chairman Nasim Beg said that he was hoping to take advantage of growing cement demand in the country as the effects of the China-Pakistan Economic Corridor heighten.
Power Cement has also completed a US$3.4m upgrade to its filter bag house equipment by installing new equipment to reduce dust emissions. Company officials say the plant is now capable of reducing dust emissions to just 17mg/m3. This is below the 300mg/m3 level set by the Environment Quality Standards in Pakistan and the World Bank’s limit of 100mg/m3 for old cement plants.
Pakistan: Maple Leaf Cement has ordered a 7300t/day cement production line from FLSmidth. The plant will be located in Iskanderabad in the Mianwali District. The order has been placed at above Euro75m and it will be completed by the end of 2018.
The order will include an ATOX 52.5 vertical mill for raw grinding, an ATOX 27.5 vertical mill for coal grinding, an EV 200x300 Hammer Impact Crusher, stacker and reclaimer systems for storage, a ROTAX-2 rotary kiln with low NOx ILC calciner, a FLSmidth Cross-Bar cooler, a JETFLEX burner and two OK 39-4 vertical mills for cement grinding.
"This is the latest project to underline FLSmidth's strength as the leading supplier of the most productive and energy-efficient equipment and technology - and our position as the preferred supplier of complete production lines to the Pakistani cement industry," said FLSmidth’s Group Executive Vice President, Cement Division, Per Mejnert Kristensen.