Mega Conglomerate’s deal to acquire Dewan Cement collapses
In end-January this year, it was reported Mega Conglomerate (Pvt) Limited was acquiring 87.5 percent majority stake in Dewan Cement Limited (75% through agreement and 12.5% through public offering)
Maple Leaf to boost WHR plant capacity to 25MW
LAHORE: The Maple Leaf Cement Factory Limited (MLCF) announced the opening of a letter of credit (LC) related to the expansion of...
Is the cement cartel back in action?
As the construction industry is given packages and concessions to get back up on its feet, does the rise in cement prices that followed mean the cement sector is back to its old tricks?
Why go to ‘Double Shahs’?
Almost a decade ago a conman by the name of Sibtul Hasan Shah ran an infamous Ponzi scheme offering people to double...
Step aside Lucky Cement, Fauji Cement is now #2 in the North
The merger between Fauji and Askari cement might prove to be a gamechanger
Cement manufacturers, electricity customers in for a treat as coal prices tumble
Richards Bay Coal futures contracts drop to lowest price since May 2021
D.G Khan Cement announces completion of Pakistan’s largest cement plant
The cement produced in the trial run is being dispatched to customers. The announcement of commercial production will be made in due course of time, said D.G Khan Cement
Cement prices likely to surge by Rs15 per bag
Cement makers have decided to increase Rs15 per bag in the northern region amid monsoon season and the government transition that has caused construction activity to slow down, Pakistan Today has learnt reliably.
Indian cement importers ask Pakistani exporters to recall their shipments
The development comes amidst rising tensions between Pakistan and India after the Pulwama attack and the latter's decision to slap 200% duty on imports from Pakistan
Pakistan has eight brownfield cement projects underway
China-based Sinoma is currently building a 1.9Mta plant for Bestway Cement at a cost of PKR18.9bn and about 55 percent of the work has been carried out to date
Power Cement gears up for infrastructure spending spree
The company will increase its production capacity to 3.4 million tons per year, with a new plant expected to come online by June 2019
Lucky Cement’s lucky 2021
What is to credit for this growth? Government factors, and their new plant which became operational in December 2019
Cement exports down by 18pc in May
LAHORE: The exports of cement, after showing a positive growth for the last several months, declined 18 per cent Year on Year...
Maple Leaf Cement’s 40MW coal-fired power plant starts production
Lahore: In a notification sent to the bourse on Thursday, Maple Leaf Cement Factory Limited announced the commencement of operations of its 40MW coal-fired...
Pakistan coal imports projected to soar to 30m tons by 2020
The demand for cement manufacturers was projected to increase by 2.0 million tons, whilst coal-fired power plants would require 8 million tons by 2020