Displaying items by tag: Cherat
Cherat Cement’s turnover falls in half-year
14 February 2019Pakistan: Cherat Cement’s turnover fell by 7% year-on-year to US$50.3m in the six months to 31 December 2018 from US$54.2m in the same period in 2017. Its operating profit dropped by 38% to US$6.8m from US$10.9m.
Cherat Packaging and Mondi hit half-billion cement bag milestone
13 December 2017Pakistan: Cherat Packaging, a producer and supplier of packaging to the cement industry, and Austria’s Mondi have made over half-a-billion cement bags since 2002. The local bag manufacturer has a bag production capacity of 600m/yr. It holds country-specific exclusive rights to use Mondi’s brown sack kraft paper to produce cement bags and has bought only Mondi paper for its use in the last 15 years.
“The bags had to be suitable for rough handling and fast, dust-free filling, and we wanted to deliver further benefits, such as material and cost savings. Mondi’s Advantage Select paper was the perfect choice. The 80/85gsm variant has revolutionised paper bag sales in Asia as it has provided us as well as our customers with high quality, low cost solutions. It has allowed us to use two plies instead of three and to dispense with perforation, which has significantly reduced paper consumption and dust at our clients’ premises. The bags are lighter, yet stronger than the previous three-ply versions,” said Amer Faruque, the chief executive officer (CEO) of Cherat Packaging.
The company’s paper division has exclusive rights from Mondi for procurement of sack kraft paper in Pakistan and supplies two-ply 80/75gsm 50kg bag to Cherat Cement, a sister subsidiary within the Ghulam Faruque Group. In October 2017 Cherat Packaging commissioned a Windmuller & Holscher universal paper sack line.
Cherat Cement orders engines from Wärtsilä
25 September 2017Pakistan: Cherat Cement has contracted Finland’s Wärtsilä to increase its power output at its Nowshera plant. It has ordered three Wärtsilä 34DF dual-fuel engines capable of operating on both natural gas and heavy fuel oil (HFO). The total electrical output will be approximately 29MW. Wärtsilä will also provide advisors to oversee the installation and commissioning of the engines.
“We need to enlarge our facilities and this we must to do quickly on a tight schedule. Wärtsilä has supported this timetable by agreeing to deliver their generating sets on a very short timetable…” said Azam Faruque, chief executive officer of Cherat Cement. The Nowshera cement plant is also powered by Wärtsilä equipment, consisting of four Wärtsilä 32 engines.
The new generators are scheduled for delivery in March 2018 and the plant is expected to be fully operational by June 2018.
Gebr. Pfeiffer reveals mill orders in India and Pakistan
04 April 2017India/Pakistan: Gebr. Pfeiffer has released information about orders for its mills for projects in India and Pakistan. In India Wonder Cement has ordered a MVR 6000 C-6 vertical roller mill from the company for its Nimbahera cement plant in Chittorgarh, Rajasthan. The mill will have a 5820kW drive and it will grind cement to a fineness of 4500 cm²/g according to Blaine. The mill can also be used to grind blended cement using slag, fly ash and gypsum.
Core components of the mill, including the rollers, will be supplied from Europe. The mill foundation parts, the housing and the integrated SLS 5600 BC classifier will be provided by Gebr. Pfeiffer India. Delivery of the mill is scheduled by the end of 2017.
In Pakistan Cherat Cement have ordered a MVR 6300 C-6 mill from Gebr. Pfeiffer for its cement plant in Cherat. The mill will grind 365t/hr of Ordinary Portland Cement to a fineness of 3200cm2/g according to Blaine. The MultiDrive will have a total output of 7800kW. Delivery is scheuled for 2018.
No price for any of the orders has been disclosed.
Cherat Cement to build new production line at Nowshera plant
24 January 2017Pakistan: 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.
Second line starts at Cherat Cement
02 November 2016Pakistan: A second 4500t/day production line at the Cherat Cement plant started production on 31 October 2016. Construction of the new line started in 2014, a senior manager at the plant told the News International newspaper. The plant’s first production line, with a production capacity of 3200t/day, opened in 1985. Altogether the plant employs 1000 workers.
Cherat Cement revenue up but profit down
28 August 2015Pakistan: Cherat Cement Company posted a profit of US$12.4m in the year ending 30 June 2015, a slight decrease from US$12.7m a year earlier. Turnover rose to US$63.2m compared to US$62.1m a year ago.
Cherat Cement plans to build new line
26 November 2014Pakistan: Cherat Cement has reportedly decided to install a new 1.3Mt/yr capacity production line, according to local media.
Abid A Vazir, executive director of Cherat Cement, said that the expansion is being undertaken to meet expected increases in domestic demand. The increase is expected to be fuelled by government spending on major infrastructure projects, with a special focus on the construction of highways and hydropower as well as housing projects. Expected improvements in the political situation in neighbouring Afghanistan, Pakistan's largest export market, may also give a boost to reconstruction activities.
Tianjin Cement Industry Design and Research Institute has reportedly been contracted to build the plant. Cherat Cement currently operates a 1.1Mt/yr capacity cement plant near Nowshera, in the Khyber-Pakhtunkhwa Province of Pakistan.
Cherat Cement to install new production plant
04 August 2014Pakistan: Cherat Cement Company Limited will invest US$197m to install a new production plant at its existing site in Nowshera, Khyber Pakhtunkhwa Province. The new plant will have a 1.3Mt/yr production capacity and will be commissioned in 30 months, according to Abid A Vazir, executive director of Cherat Cement.
The term-loan for the project has been arranged and Cherat Cement has established a letter of credit for the foreign component of the loan. The plant will be acquired from China's Tianjin Cement Industry Design and Research Institute Company Limited.
Cherat Cement expects domestic cement demand to grow exponentially as the present government has planned spending on major infrastructure projects, with a special focus on constructing highways and hydropower and housing projects. Cherat Cement is also expecting huge spending by the private sector on construction-related activities, fuelled by inflows of remittances from expatriate Pakistanis.
Pakistan: The inauguration of the Dasu dam has reinforced optimism in the local cement industry, which has been banking on the continuous increase in local demand owing to mega construction projects.
The Dasu dam, one of the mega dam projects, is expected to increase cement demand in Pakistan by 1Mt/yr for the next five years. The 4320MW dam will be completed in two phases at an estimated cost of US$4.8bn. Since the Dasu dam is located in the north, the cement for the project will most likely be procured from nearby cement plants. Cement companies like Maple Leaf, Fecto, Bestway, Cherat, DG Khan, Fauji are the most likely to benefit from the dam construction.
Analysts say the construction of big dams like Dasu and Basha will supplement the already improving cement demand in Pakistan. "Dasu dam will add an additional 1Mt/yr of cement demand, which will be significant for the local industries," said BMA Capital analyst Sajjad Hussain. "It will increase the already escalating cement demand in the country."
"The launch of the Dasu dam is important for the cement industry in northern region of the country," said Standard Capital Securities analyst Saad Hashmi. "Other major infrastructure projects that are expected to start soon will further increase cement demand and it may jump 5% in fiscal year 2015."