Displaying items by tag: Pakistan
Askari Cement orders three Gebr. Pfeiffer MVR vertical roller mills for Nizampur cement plant
23 September 2021Pakistan: Askari Cement has awarded a contract to Germany-based Gebr. Pfeiffer for the supply of three of its MVR vertical roller mills to replace the existing mills at its Nizampur cement plant. Two of the mills will be MVR 5000 C-4 cement mills with the capacity to grind 360t/hr of clinker to a fineness of 3250 blaine. The other mill, an MVR 5000 R-4 raw meal mill, will grind 520t/hr of clinker to a fineness of 12% R90µm. The Chinese contractor Hefei Cement Research & Design Institute will install an SLS V high-efficiency classifier on each of the mills. The upgraded plant is scheduled for commissioning in mid-late 2022.
Punjab government instructs cement producers to commence plant building within six months of No Objection Certification
21 September 2021Pakistan: The state government of Punjab has instructed cement producers that they risk losing their No Objection Certificates (NOCs) for planned cement plants if they fail to begin building the plants within six months of receiving the certification. The News International newspaper has reported that for the latest raft of cement plant plans given NOCs, this period will elapse in March 2022. The government has asked the producers to submit timelines for the execution of the projects by 28 September 2021.
Pakistan: The government of Punjab has granted no-objection certificates (NOCs) for 22 new cement plants. Pakistan Press International News has reported that 10 plants are currently under construction in the state.
DG Khan records profit after tax in 2021 financial year
15 September 2021Pakistan: DG Khan’s full-year profit after tax was US$22.1m in the 2021 financial year, which ended on 30 June 2021. The Dawn newspaper has reported that the company recorded a loss of US$29.2m in the 2020 financial year.
Pakistan International Bulk Terminal to scale up coal capacity
13 September 2021Pakistan: The Pakistan International Bulk Terminal plans to invest US$70m in increasing its coal capacity by 40% to 17Mt/yr from 12Mt/yr with the installation of a second conveyor belt. The expanded terminal will open in late 2023 or early 2024. The Dawn newspaper has reported that cement producers previously called for an expansion of the country’s coal import infrastructure. The All Pakistan Cement Manufacturers Association (APCMA) lobbied the government in July 2021 to permit coal discharge at the 10,000t/day Karachi Port Trust port. By contrast, the Pakistan International Bulk Terminal currently has a capacity of around 30,000t/day. It charges importers US$5.49/t of coal, plus a US$1/t handling fee for use of its berth.
DG Khan’s Hub plant commences electricity supply to Pakistan grid
09 September 2021Pakistan: DG Khan has connected its upgraded Hub cement plant and power infrastructure to the national grid. The Pakistan Observer newspaper has reported that the facilities generate 40MW of power via a 10MW waste heat recovery (WHR) plant and 30MW coal-fired power plant. China National Building Material (CNBM) subsidiary Sinoma Energy Conservation provided engineering, procurement and construction (EPC) services for both power plants.
Pakistan Association of Builders and Developers of Pakistan urges government action against rising cement prices
01 September 2021Pakistan: The Association of Builders and Developers (ABAD) has asked the government to appoint a commission to investigate rises in cement prices. The Pakistan Observer newspaper has reported that ABAD chair Fayyaz Ilyas alleged that producers had colluded as a cartel. He said that price rises have prevented the construction sector from being able to realise the aims of the Naya Pakistan housing scheme.
Pakistan: The All Pakistan Cement Manufacturers Association (APCMA) has received a request from the Pakistan government to lower cement prices. The International News newspaper has reported that Finance and Revenue Minister Shaukat Tarin spoke with APCMA representatives about trends in cement pricing in the three years prior to August 2021 and the importance of cement in stimulating economic growth. Tarin encouraged the establishment of a consultative session between the association and relevant stakeholders, with the task of proposing a sustainable pricing mechanism.
Maple Leaf Cement returns to profit in 2021
17 August 2021Pakistan: Maple Leaf Cement’s sales rose by 22% year-on-year to US$216m in the financial year to 30 June 2021 from US$177m in the same period in 2020. It reported a profit after tax of US$23.2m compared to a loss of US$21.6m previously.
Pakistan: Lucky Cement’s consolidated sales in the 2021 financial year, which ended on 30 June 2021, were US$1.26bn. The figure corresponds to a rise of 67% year-on-year from US$752m in the 2020 financial year. Standalone cement sales rose by 31% to 9.96Mt – consisting of 7.56Mt of local sales and 2.41Mt of exports – from 7.60Mt in the 2020 financial year. The company more than doubled its consolidated profit after tax to US$171m from US$44.4m. Its cement segment’s profit after tax more than tripled to US$85.5m from US$20.3m, and all group companies were profitable.
Lucky Cement attributed the sales growth to increased capacity due to the commissioning of a new line at one of its cement plants in the second half of the 2020 financial year. During the 2021 financial year, the company commenced trial production at its new 1.2Mt/yr-capacity Samawah cement plant in Iraq. It overcame Covid-19-led disruptions to complete the trial in March 2021.