Displaying items by tag: DG Khan

Pakistan: DG Khan Cement recorded a consolidated net profit after tax of US$18.5m in the first nine months of the 2021 financial year, compared to a US$12.0m loss in the corresponding period of the 2020 financial year. Net sales rose by 8% year-on-year to US$213m from US$198m. Cement sales volumes fell by 5% to 4.09Mt from 4.32Mt.

The company praised Pakistan’s ‘smart lockdown’ as a mitigating factor of the damaging effects of the coronavirus outbreak. Clinker production was 94% of capacity, compared to 101% in the first nine months of 2020. Total kiln operational days fell by 8% to 813 from 883. Depending on on-going outbreak conditions, the company forecast continued momentum gains in housing and infrastructure. It expects to commission a new waste heat recovery (WHR) power plant in the fourth quarter, reducing costs.

Pakistan: Punjab Chief Minister Usman Buzdar says that up to 16 cement plants are being set up in the province. DG Khan will operate three of the new plants, according to the Frontier Star newspaper. Buzdar made the comments at a political meeting in late April 2021.

Pakistan: DG Khan’s profit after tax was US$5.03m in the first half of the 2021 financial year. In the corresponding half of 2019, it recorded a US$5.33m loss after tax. Its sales grew by 5% to US$138m from US$131m. Cement sales volumes fell by 6% to 2.76Mt from 2.95Mt.

Pakistan: Cement producers including DG Khan have filed pleas to the Pakistan Supreme Court challenging the Lahore High Court’s ruling in favour of parliament’s right to introduce new competition legislation. The pleas challenge the constitutionality of the Competition Commission of Pakistan (CCP)’s existence, according to the Pakistan Today newspaper. The producers claim that the high court made a procedural error in failing to adjourn during the coronavirus pandemic and a domestic ban on air travel.

Pakistan: France-based Schneider Electric will provide a ‘comprehensive electrification solution’ to improve the efficiency and sustainability of cement production at DG Khan Cement’s 3.2Mt/yr integrated Hub cement plant in Karachi, Balochistan. The Nation Newspaper has reported that the supplier’s ECOStruxure product will give operators ‘a full view of energy use across the plant,’ according to the company. Additionally, “artificial intelligence (AI)-powered software will help the company to take a predictive approach to maintenance,” it said.

Hub cement plant general manager Arif Bashir said, “Our goal is to monitor and manage power across our infrastructure efficiently, find electrical faults sooner, fix issues quicker and achieve a faster return on investment. Schneider Electric’s energy efficiency solutions that will improve our performance.”

Pakistan: DG Khan Cement has secured a contract for the supply of cement to a customer in the Philippines. The cement producer exported 0.27Mt of cement and 0.71Mt of clinker in its financial year to 30 June 2019. Government Advisor for Commerce, Textile, Industry and Production Abdul Razak Dawood called the addition of a Philippine client to the company’s order list a “breakthrough” saying, “Once market reach extends then market share will increase. Increasing geographical diversification is an important part of our strategic trade policy.”

Pakistan: DG Khan Cement has asked the government of Punjab province if it can expand the production capacity at one of its cement plants by 12,000t/day. Bloomberg said that it had seen a letter sent to the local government and that Javed Iqbal Malik, a senior economic adviser at Punjab province's industries department, had confirmed receiving it. The approval process could take up to 12 months. If accepted the upgrade could see DG Khan Cement surpass Bestway Cement to become the country’s largest cement producer with a production capacity of 10.7Mt/yr.

Pakistan: DG Khan has signed a deal with Sinoma Energy Conservation for upgrades at the integrated Hub cement plant in Baluchistan. The agreement includes a 10MW waste heat recovery (WHR) unit and a 30MW coal power plant. No cost of the project or date of completion has been disclosed.

Pakistan: DG Khan’s sales rose by 30% to US$215m in the nine months to 31 March 2019 from US$165m in the same period in 2018. However, its profit dropped by nearly half to US$18.5m from US$35.1m. Its cost of sales increased by 56% in the reporting period.

Pakistan: DG Khan Cement’s sales rose by 26% year-on-year to US$154m in the six months to 31 December 2018 from US$122m in the same period in 2017. Its net profit more than halved to US$12m from US$24.8m. However, its net profit fell by 7% to US$10.9m from US$11.8m.