Displaying items by tag: DG Khan

Pakistan: Three DG Khan Cement workers have been kidnapped by the local Ladi gang from the company’s Dera Ghazi Khan cement plant. The Dawn newspaper has reported that the employees has been inspecting the plant’s raw materials belt when the kidnap occurred.

Pakistan: DG Khan recorded sales of US$151m in the first half of its 2022 financial year, up by 25% year-on-year from US$120m in the first half of the 2021 financial year. Its profit for the period more than doubled to US$12m from US$4.41m. Its cement exports were valued at US$968,000, more than triple its US$230,000-worth of exports recorded in the first half of the 2021 financial year.

Pakistan: 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: 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: 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.”