Displaying items by tag: costs

Pakistan: Fauji Cement has reported a profit of US$1.23m in the second quarter of the 2020 fiscal year, between 1 October 2019 and 31 December 2019. This corresponds to a drop of 82% year-on-year from US$6.83m in the corresponding period of Pakistan’s 2019 fiscal year. The Express Tribune newspaper attributed the plunge to currency depreciation, lower retention prices and higher electricity tariffs. Sales in the three months to 31 December 2019 were US$34.4m, up by 5.5% year-on-year from US$32.6m to 31 December 2018.

The company said that the second quarter saw a 20% jump year-on-year in cement dispatches to 0.93Mt from 0.77Mt in the second quarter of the 2019 fiscal year. It expects a return to profitability in 2020.

Qatar: Qatar National Cement Company (QNCC) has recorded a profit of US$47.3m in 2019 – down by 51% from US$95.5m in 2018. This was caused by a 17% year-on-year fall in earnings to US$193m from US$233m in 2018 due to a 24% fall in production year-on-year – from 2.9Mt to 2.2Mt – and increased costs from the completion of the fifth line at the company’s integrated plant, as well as the diversification of its products to include white as well as grey cement.

India: JSW Cement has revised its planned expansion to its 14Mt/yr total installed capacity to 39Mt/yr before 1 January 2023, an increase of 5Mt/yr compared to its initial target of 34Mt/yr by 2020. The figure includes JSW’s 54% subsidiary Shiva Cement’s new 1Mt/yr integrated and 1Mt/yr grinding plant, valued at a total of US$112m. Parth Jindal, JSW Cement managing director, said that the figure had been revised upward because Shiva Cement had become self-sufficient in clinker production, freeing the group’s east Indian cement production from ‘volatile import costs.’

Economic Times has reported that Shiva Cement is set to bring its limestone reserves to 100Mt with the acquisition of the Khatkurbahal mine. The company sources its granulated blast furnace slag from the Odisha steel industry. Production of JSW Cement’s flagship product, JSW Portland Slag Cement (PSC), releases CO₂ at a rate of 325kg/Mt compared to between 760kg/Mt and 800kg/Mt for typical Ordinary Portland Cement (OPC).