Displaying items by tag: Bestway Cement

Pakistan: Fauji Cement says that two planned cement plant projects will increase its total cement production capacity by 64% to 10.5Mt/yr by mid-2023, from 6.4Mt/yr at present. The producer plans to establish a 2.05Mt/yr cement plant at Dera Ghazi Khan. After its commissioning before mid-2023, the plant’s capacity will more than double to 5.65Mt/yr. Subsidiary Askari Cement is expanding its 2.8Mt/yr Nizampur cement plant’s capacity by 73% to 4.85Mt/yr. The group estimates that the total 4.1Mt/yr-worth of new capacity will increase its national cement market share to 13% from 6.7%. It says that this will make it the second largest cement company active in Northern Pakistan, after Bestway Cement.

Fauji Cement said that it is well positioned for growth. It generated 70% of the power consumed in its operations in 2020 itself.

Pakistan: Bestway Cement and Reon Energy have commissioned a 14.3MW captive solar power unit at the former’s integrated cement plant at Farooqia, Khyber Pakhtunkhwa. The unit is part of a 50MW project deal that is planned to install solar units at the cement producer’s plant at Farooqia, Chakwal, Kallar Kahar and Hattar, according to the Pakistan Observer newspaper. Energy generated at the new solar plant at Farooqia is expected to reduce energy costs and reduce reliance on the national electricity grid.

Pakistan: Bestway Cement has provided details of its upcoming 7200t/day-capacity Paikhel cement plant in Mianwali district, Punjab province. China-based Sinoma International Engineering Company will supply engineering, procurement and construction for the plant. The plant will have a 9MW waste heat recovery (WHR) plant.

Pakistan: Bestway Cement claimed three awards at the Corporate Social Responsibility Awards 2021. The company won the Corporate Social Responsibility in Times of Covid-19 Pandemic award, the Education and Scholarships award and the Green Energy Initiatives award.

It said, “Bestway appreciates its responsibility towards local communities, thus playing a vital role in their socio-economic development such as improving access to health services and education, taking part in the urban development and environmental conservation programs and helping generate employment.

Pakistan: The Punjab provincial minister for industries and trade Mian Aslam Iqbal says that the government will soon issue new no objection certificates (NOC) to Bestway Cement for three of its new plant projects in the region. The Nation newspaper has reported that a delegation from the cement producer met the minister in late February 2021 to discuss its plans to establish new plants in Attock, Khushab and Mainwali. The company does not currently have NOCs for the planned projects.

Pakistan: Bestway Cement has recorded a loss of US$157,000 in the 2020 financial year, which ended on 30 June 2020, compared to a US$80.3m profit in the 2019 financial year. Its net turnover declined by 31% year-on-year to US$224m form US$324m.

Group chair Sir Mohammed Pervez said, “Despite various challenges, it is a matter of great satisfaction that management’s proactive approach and preparedness meant that the company demonstrated resilience and remains in good financial health.”

Pakistan: Bestway Cement has donated US$3.75m to charity causes between 31 December 2019 and 24 April 2020, including a US$1.25m donation to the state coronavirus relief fund on 23 April 2020. Bestway Group CEO Zameer Choudrey said, “We are conscious of our responsibility as Pakistan’s largest overseas investor. More resources will be devoted as and when necessary.” Bestway Group is based in the UK.

Pakistan: DG Khan Cement has asked the government of Punjab province if it can expand the production capacity at one of its cement plants by 12,000t/day. Bloomberg said that it had seen a letter sent to the local government and that Javed Iqbal Malik, a senior economic adviser at Punjab province's industries department, had confirmed receiving it. The approval process could take up to 12 months. If accepted the upgrade could see DG Khan Cement surpass Bestway Cement to become the country’s largest cement producer with a production capacity of 10.7Mt/yr.

Pakistan: Bestway Cement’s turnover grew slightly to US$421m in the nine months to 31 March 2019 from US$414m in the same period in 2018. Its profit rose by 9.5% to US$67.4m from US$61.5m.

Pakistan: Bestway Cement has promoted its environmental credentials following the Supreme Court’s mandated investigation into water usage by cement companies near the Katas Raj Temples in 2018. The cement producer says that all of its cement plants are ISO 14001:2004 Environment Management Systems certified. Specifically on the issue of water conservation, it has installed air-cooled condenser systems at two of its plants at Chakwal and Kallar Kahar respectively and it has built rain-harvesting ponds. In total the company has spent around US$14m on water conservation measures. Altogether it says that it has achieved 80% and 88% reductions in consumption of ground water for industrial use, respectively, at the two plants.

Other environmental measures the company has made include installing waste heat recovery (WHR) units at all four of its cement plants. Its total WHR capacity is 45.5MW giving it 28% of its total power needs. The company is recognised by the United Nations Framework Convention on Climate Change (UNFCCC) under its Clean Development Mechanism (CDM) Program for its initiative to reduce carbon emissions/footprint. It has also implemented tree plantation at its plants and surrounding areas, it uses drip irrigation and sewerage waste management and its head office in Islamabad has been certified as a Green Office by the World Wide Fund for Nature (WWF).