The Cement Reviews

12/06/2023

05/03/2023

The establishment of the Thatta Cement Factory is expected to initiate a new era of prosperity.

22/01/2023

08/11/2022

Cement dispatches in Pakistan fell for the fourth month in a row in October, coming in at 4.25Mt, compared to 5.22Mt in October 2021, down 18.5 per cent. According to the All Pakistan Cement Manufacturers Association, local dispatches declined 15.5 per cent YoY from 4.6Mt in October 2021 to 3.89Mt in the same month this year. Exports fell by 40.7 per cent over the same period from 611,378t to 362,350t....

https://thecement.pk/pakistan-cement-dispatches-fall-19-in-october/

Cement dispatches in Pakistan fell for the fourth month in a row in October, coming in at 4.25Mt, compared to 5.22Mt in October 2021, down 18.5 per cent. According to the All Pakistan Cement Manufa…

01/11/2022

Karachi, October 26, 2022: On a consolidated basis, Lucky Cement Limited has reported a profit after tax of PKR 6.9 billion, for Q1 FY23, of which PKR 1.5 billion is attributed to non-controlling interests. The resultant earnings per share (EPS) for the quarter comes out to PKR 16.85. Moreover, on a consolidated basis, the Company attained a gross revenue of PKR 107.2 billion which is 54.8% higher than the revenue for the Same Period Last Year (SPLY), PKR 69.3 billion....

https://thecement.pk/lucky-cement-announces-consolidated-earnings-of-pkr-6-93-billion-for-the-first-quarter-ended-september-30-2022/

Karachi, October 26, 2022: On a consolidated basis, Lucky Cement Limited has reported a profit after tax of PKR 6.9 billion, for Q1 FY23, of which PKR 1.5 billion is attributed to non-controlling i…

01/11/2022

Dandot Cement Co Ltd Company Secretary, Muhammad Kamran, recently released a progress report on the Pakistan Stock Exchange (PSX) of Balancing Modernisation of Replacements (BMR) of 504,000t of cement plant at Jehlum in Punjab, Pakistan. Cement production has remained suspended due to the closure of plant operations for BMR activity since September 2019. The total cost of BMR is PKR5.8bn (US$26.1m) and is likely to be completed by March 2023....

https://thecement.pk/dandot-cement-co-expects-to-complete-bmr-in-3qfy23/

Dandot Cement Co Ltd Company Secretary, Muhammad Kamran, recently released a progress report on the Pakistan Stock Exchange (PSX) of Balancing Modernisation of Replacements (BMR) of 504,000t of cem…

25/10/2022

According to Intermarket Securities Ltd, in 1QFY22-23 (July-September 2022) overall cement industry utilisation stood at 56 per cent, compared to 72 per cent in the same period last year. The fall in capacity utilisation was also partially reflected in exports. The overall increase in manufacturing cost has discouraged cement companies in the South from exporting cement/clinker at current prices, which have not moved in tandem with cost....

https://thecement.pk/high-cost-impacts-pakistan-cement-export-in-3mfy22/

According to Intermarket Securities Ltd, in 1QFY22-23 (July-September 2022) overall cement industry utilisation stood at 56 per cent, compared to 72 per cent in the same period last year. The fall …

21/10/2022

Askari Cement has ignited the newly installed 6500t/day kiln at its Nizampur cement plant in Khyber Pakhtunkhwa province. The kiln increases the plant's capacity by 73% to 4.85Mt/yr. The project, along with parent company Fauji Cement's construction of a new 2.05Mt/yr integrated cement plant in Dera Ghazi Khan, cost US$339m. Fauji Cement took a US$212m loan to support the works in January 2022....

https://thecement.pk/askari-cement-ignites-nizampur-cement-plants-new-kiln/

Askari Cement has ignited the newly installed 6500t/day kiln at its Nizampur cement plant in Khyber Pakhtunkhwa province. The kiln increases the plant’s capacity by 73% to 4.85Mt/yr. The proj…

20/10/2022

As part of their partnership on responsible waste management, representatives from Manila Broadcasting Company (MBC) visited Republic Cement Bulacan Plant to witness the proper disposal of millions of raffle entries from their recently concluded nationwide raffle. MBC, a local radio and television network, has long-running promos that get entries from all over the country. MBC Milyones and MBC Bagong Taon Bagong Milyon, in particular, have been part of their programming since the early 2000s....

https://thecement.pk/manila-broadcasting-company-partners-with-republic-cement-for-responsible-disposal-of-raffle-entries/

As part of their partnership on responsible waste management, representatives from Manila Broadcasting Company (MBC) visited Republic Cement Bulacan Plant to witness the proper disposal of millions…

20/10/2022

Bestway Cement Limited (PSX: BWCL) has achieved a major milestone of lighting up the kiln at its 7,200 TPD greenfield plant near Paikhel, District Mianwali earlier this morning, the company filing on PSX showed today. At the time of writing, the scrip of the company is being traded at Rs132, down by 22 paisa (0.17% DoD) Source : (Mlink)

https://thecement.pk/bestway-cement-successfully-lights-up-kiln-at-7200-tpd-greenfield-plant/

07/10/2022

Pakistan: Thatta Cement recorded net sales of US$19.1m during its 2022 financial year, up by 75% year-on-year from US$10.9m in its 2021 financial year. This included gross export sales of just US$3160, down by 99% from US$394,000 in the 2021 financial year. Thatta Cement's total cost of sales increased by 96% to US$18.1m from US$9.24m. Its raw material costs tripled to US$1.64m from US$546,000, while its fuel and power costs more than doubled to US$12.5m from US$5.89m....

https://thecement.pk/thatta-cement-increases-sales-but-its-profit-drops-in-2022-financial-year/

Pakistan: Thatta Cement recorded net sales of US$19.1m during its 2022 financial year, up by 75% year-on-year from US$10.9m in its 2021 financial year. This included gross export sales of just US$3…

07/10/2022

Pakistan: Power Cement's sales rose by 23% year-on-year to US$78.3m in its 2022 financial year, from US$63.6m in its 2021 financial year. Nonetheless, it recorded a comprehensive loss of US$2.06m, compared to an income of US$1.58m in the 2021 financial year. The company's cost of sales rose by 35% to US$67.2m from US$49.8m.

https://thecement.pk/power-cement-records-loss-as-profit-rises-in-2022-financial-year/

Pakistan: Power Cement’s sales rose by 23% year-on-year to US$78.3m in its 2022 financial year, from US$63.6m in its 2021 financial year. Nonetheless, it recorded a comprehensive loss of US$2…

30/09/2022

Yuan-denominated assets are gaining favor in the Russian market as bilateral trade gains momentum, a Chinese expert said on Thursday, after Russia's largest bourse predicted that the trading volumes of Chinese yuan and Russian rouble would exceed that of the rouble and the US dollar next year. Facing sanctions by the US-led West, Russia has been cutting its usage of US dollar and the euro, while increasing settlement in local currencies in foreign trade, Li Xin, director of the Institute for Eurasian Studies at the Shanghai University of Political Science and Law, told the Global Times on Thursday....

https://thecement.pk/yuan-assets-gaining-favor-in-russia-with-yuan-rouble-trading-volume-expected-to-overtake-that-of-dollar-rouble-in-2022/

29/09/2022

Sindh Chief Minister Murad Ali Shah has stated that the provincial government would start building homes and other civil infrastructures for flood victims as soon the water has receded in Sindh province. The other provinces will follow in their footsteps. Furthermore, Pakistan’s top cement manufacturers expect domestic demand for cement to pick up in 3-6 months, as soon as rehabilitation works are started under aid from various foreign countries and government allocation....

https://thecement.pk/pakistan-cement-demand-expected-to-rise-in-floods-aftermath/

Sindh Chief Minister Murad Ali Shah has stated that the provincial government would start building homes and other civil infrastructures for flood victims as soon the water has receded in Sindh pro…

27/09/2022

Qassim Cement has concluded a non-binding memorandum of understanding (MoU) with Hail Cement for acquisition of the latter’s issued shares. After any acquisition takes place, Qassim Cement plans to issue US$377m-worth of share capital in favour of Hail Cement’s existing shareholders.

https://thecement.pk/qassim-cement-to-acquire-hail-cement/

Qassim Cement has concluded a non-binding memorandum of understanding (MoU) with Hail Cement for acquisition of the latter’s issued shares. After any acquisition takes place, Qassim Cement plans to…

23/09/2022

Pakistan-based Fauji Cement Company Ltd has reported revenue of PKR54,243m (US$227m) in the year ended 30 June 2022, compared to PKR24,271m in the same period a year earlier. Over the 12-month period, operating profit advanced from PKR5053m to PKR11,982m, while profit for the year improved from PKR3471m to PKR7112m. Earnings per share in the year ended 30 June 2022 came in at PKR3.26, up from PKR2.52 in the year ended 30 June 2021....

https://thecement.pk/fauji-cement-more-than-doubles-revenue-in-fy2022/

Pakistan-based Fauji Cement Company Ltd has reported revenue of PKR54,243m (US$227m) in the year ended 30 June 2022, compared to PKR24,271m in the same period a year earlier. Over the 12-month peri…

23/09/2022

Lucky Cement has informed investors that it plans to buy back shares up to an equivalent of 3.1% of its registered share capital, which it has valued at US$417,000. The company will commence the purchase from 29 September 2022, and continue until its completion or 27 March 2023.

https://thecement.pk/lucky-cement-to-buy-back-up-to-3-1-of-shares/

Lucky Cement has informed investors that it plans to buy back shares up to an equivalent of 3.1% of its registered share capital, which it has valued at US$417,000. The company will commence the pu…

21/09/2022

Fauji Cement Company Limited, one of the largest cement makers, has released its financial results for the fiscal year ending June 30, 2022, The company’s profit was Rs. 4.416 billion, up from Rs. 3.469 billion in the same time previous year. As a result of the outcome, FCCL announced a 12.5 percent bonus issuance of 273 million shares (12.5 shares for every 100 ordinary shares)....

https://thecement.pk/fauji-cement-posts-profit-of-rs-4-4-billion-in-2021-02/

Fauji Cement Company Limited, one of the largest cement makers, has released its financial results for the fiscal year ending June 30, 2022, The company’s profit was Rs. 4.416 billion, up from Rs. …

16/09/2022

Lucky Cement has distributed ration bags, tents and first aid kits to victims of flooding Dadu, Khairpur, Sanghar and Uthal. The Balochistan Times newspaper has reported that the company said “The immense destruction of houses and damages to crops caused by the floods, made victims homeless and they are now in the state of starvation.” It continued “In this time of crisis, Lucky Cement, Pakistan's largest cement manufacturer, has reached out to far-flung areas which were worst affected by the flash floods in North and South of Pakistan to provide relief to the victims

https://thecement.pk/lucky-cement-distributes-flood-aid/

Lucky Cement has distributed ration bags, tents and first aid kits to victims of flooding Dadu, Khairpur, Sanghar and Uthal. The Balochistan Times newspaper has reported that the company said “The …

07/09/2022

Bestway Group, the country’s leading foreign investor, has announced financial and material support to the people of Pakistan of US$1 million. In a statement released by Bestway Group in London, the Group CEO Lord Zameer Choudrey, CBE SI Pk said, “On behalf of our founder and Chairman Sir Anwar Pervez, OBE H Pk; let me reassure the people of Pakistan – the Bestway Group stands with them in this hour of unprecedented national tragedy”....

https://thecement.pk/bestway-donates-us1m-to-help-flood-affectees/

Bestway Group, the country’s leading foreign investor, has announced financial and material support to the people of Pakistan of US$1 million. In a statement released by Bestway Group in London, th…

07/09/2022

Sichuan Yadong Cement’s plant in Sichuan has restarted production following a suspension of electricity to industrial users due to a heat wave. The local authorities stopped supplying industrial plants in late August 2022. The subsidiary of Taiwan-based Asia Cement Corporation also reduced staff levels at the plant to cope with the extreme weather event.

https://thecement.pk/sichuan-yadong-cement-plant-restarts-following-heat-wave/

Sichuan Yadong Cement’s plant in Sichuan has restarted production following a suspension of electricity to industrial users due to a heat wave. The local authorities stopped supplying industrial pl…

06/09/2022

Pakistan Cement Manufacturers Association (APCMA) estimated a decline in Pakistan cement dispatches in August and July-August 2022 (2MFY21-22) as the country experiences economic challenges, rising inflation, political unrest and heavy rains due to floods. Total cement dispatches (domestic deliveries plus exports) declined by 24 per cent in August 2022 to 3.296Mt when compared with 4.336Mt in August 2021. Of this total, domestic dispatches declined 23.8 per cent YoY to 2.9Mt from 3.81Mt in August 2021....

https://thecement.pk/pakistan-cement-market-continues-contraction-in-august/

Pakistan Cement Manufacturers Association (APCMA) estimated a decline in Pakistan cement dispatches in August and July-August 2022 (2MFY21-22) as the country experiences economic challenges, rising…

27/08/2022

India’s First Ever Hydrogen Fuel Cell Bus Unveiled In Pune The bus turned into unveiled with the aid of using Union Minister Jitendra Singh in Pune. He said, “”Green hydrogen is an splendid smooth electricity vector that permits deep decarbonisation of difficult-to-hamper emissions from the refining enterprise, fertiliser enterprise, metallic enterprise, cement enterprise and additionally from the heavy industrial transportation sector.”...

https://thecement.pk/indias-1st-ever-100-made-in-india-hydrogen-fuel-cell-bus/

India’s First Ever Hydrogen Fuel Cell Bus Unveiled In Pune The bus turned into unveiled with the aid of using Union Minister Jitendra Singh in Pune. He said, “”Green hydrogen is an splendid smooth …

27/08/2022

Lucky Cement plans to buy back its 10 million shares from shareholders at the face value of Rs. 10 per share. According to the firm’s financial results, the board of directors has directed the management of the company to carry out the drive of purchasing back its shares from different shareholders. The reason for this transaction is said to be the cancellation of shares....

https://thecement.pk/lucky-cement-to-buyback-10-million-shares/

Lucky Cement plans to buy back its 10 million shares from shareholders at the face value of Rs. 10 per share. According to the firm’s financial results, the board of directors has directed the mana…

26/08/2022

Maple Leaf Cement Factory Limited received award for Health, Safety & Environment 2022 in a graceful ceremony organized by The Professionals Network (TPI) in Annual Environment Excellence Awards 2022, said a company spokesman here on Wednesday. The said award was unanimously decided by the jury and board of TPI, he further said. The management of Maple Leaf Cement embraces responsibility for company’s actions and encourages a positive impact through the activities on environment, employees, community and all other members of the public sphere who may be considered stakeholders.

https://thecement.pk/maple-leaf-cement-wins-award/

Maple Leaf Cement Factory Limited received award for Health, Safety & Environment 2022 in a graceful ceremony organized by The Professionals Network (TPI) in Annual Environment Excellence Awar…

26/08/2022

Dangote Cement (DangCem) is the most valuable cement company and the second most valuable stock on the Nigerian Exchange (NGX) with a market capitalization of N4.17 trillion, twice the size of BUA Cement Plc and Lafarge Cement Plc combined. The largest cement company in terms of production capacity of 51.6 million metric tonnes/pa compared to BUA Cement’s 11 million metric tonnes/pa and Lafarge Africa’s 10.5 million metric tonnes/pa, has recorded a 10% decrease in its half-year (H1) 2022 profit, due to higher foreign exchange pressures and energy costs incurred, which have become trending systematic risks....

https://thecement.pk/dangote-cement-records-healthy-margins-despite-slide-in-h1-2022-profit/

26/08/2022

RIYADH: Saudi-based cement producer Al Jouf Cement Co. suffered a 93 percent decline in profits during the first half of 2022, due to a downward trend in cement prices and sales. Al Jouf Cement Co., which is based in the northwest of the Kingdom, saw its profits reach SR1.8 million ($479,208), down from SR26 million in the prior-year period, its bourse filing shows. This was accompanied by a 19 percent plunge in revenues, from SR122 million in the previous period to SR98 million.

https://thecement.pk/cement-producer-al-jouf-posts-93-slump-in-profit-amid-weak-sales-and-prices/

RIYADH: Saudi-based cement producer Al Jouf Cement Co. suffered a 93 percent decline in profits during the first half of 2022, due to a downward trend in cement prices and sales. Al Jouf Cement Co.…

24/08/2022

INSEE Cement, Sri Lanka’s leading cement manufacturer, began construction of their mega capacity warehouse within the industrial park in Hambantota International Port (HIP) last week. The US$ 3 million investment by INSEE will be the largest warehousing facility inside a port in Sri Lanka for raw materials used in the production of cement. The warehouse which will see completion in the next 6 months will hold a capacity of 45,000 cubic metres and is being built on a 17,300 sq meter plot of land....

https://thecement.pk/groundbreaking-ceremony-for-insee-warehouse-at-hambantota-port-industrial-park/

INSEE Cement, Sri Lanka’s leading cement manufacturer, began construction of their mega capacity warehouse within the industrial park in Hambantota International Port (HIP) last week. The US$ 3 mil…

20/08/2022

The Pakistan National Forum of Environment and Health (NFEH) has recognised Lucky Cement’s sustainability successes with a prize at the 19th Annual Environment Excellence Awards 2022. The company’s comprehensive environmental management and monitoring plan covers its solid waste, noise pollution and emissions, including particulates. It says that this is essential to preserving the ecosystem in which it operates. Chief operating officer Amin Ganny said “We believe in environment-friendly practices and are committed to conserving the environment. Implementation of sustainability into our core business operations has always been one of our main objectives.”

https://thecement.pk/lucky-cement-wins-environmental-excellence-award-2022/

The Pakistan National Forum of Environment and Health (NFEH) has recognised Lucky Cement’s sustainability successes with a prize at the 19th Annual Environment Excellence Awards 2022. The company’s…