Displaying items by tag: Cherat

Pakistan: Cherat Cement plans to spend US22m on an upgrade to Line 1 at its integrated plant in Nowshera district, Khyber Pakhtunkhwa province. The project includes the installation of a new crusher and general maintenance on the production line.

Pakistan: Cherat Cement’s turnover grew by 35% to US$45.6m in the half year to 31 December 2019 from US$61.6m in the same period in 2018. However, its operating profit more than halved to US$2.4m from US$6.2m due to a 50% increase in its cost of sales.

Pakistan: Cherat Cement’s turnover grew slightly to US$78.8m in the nine months to 31 March 2019. Its net profit rose by 25% to US$15.9m from US$12.7m. Third quarter turnover and net profit grew faster in the third quarter.

Pakistan: Belorussian company Belaz has sold a dump truck to Pakistan for the first time. The 45t vehicle will be used to transport of gypsum and clay to a plant owned by Cherat Cement, according to the Dawn newspaper. It has been supplied via the distribution company Greaves. The cement producer plans to buy up to 15 such vehicles in the current year.

Pakistan: A slowdown in construction activity has reduced Cherat Cement’s sales. Its local cement sales volumes fell by 12% year-on-year to 0.90Mt in the half-year to 31 December 2018 from 1.03Mt in the same period in 2017. Its exports declined by 23% to 0.18Mt from 0.23Mt. The cement producer’s net turnover decreased by 7% to US$50.3m from US$54.3m. Its net profit fell by 24% to US$7.35m from US$9.65m. The cement producer noted that the price of coal had risen.

Cherat Cement said that it had commissioned a third line at its integrated plant during the reporting period. The new line has a clinker production capacity of 6700t/day and it includes a waste heat recovery unit. Following the upgrade, Cherat Cement’s plant has a production capacity of 4.5Mt/yr. The company also installed Wartsila dual fuel engines. These generators have been ordered in anticipation of the completion of new gas pipeline to the plant.

Pakistan: 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.