Displaying items by tag: Fauji Cement
Pakistan: Fauji Cement has installed a 12.5MW solar power plant at its Jhang Bahtar plant, near Islamabad. Business Recorder reports that Fauji’s is the world’s largest solar power station devoted to a cement plant, with 37,905 panels delivering an estimated annual total of 19,750MWh of energy.
Fauji has additionally installed two waste heat recovery plants of 12 and 9MW and two large reservoirs for water recycling and rainwater harvesting. Fauji is leading Pakistans’s Clean and Green initiative, having planted 25,000 trees and donated a further 40,000 plants to local government and nearby villages.
Fauji Cement to set up solar power plant
08 August 2018Pakisan: Fauji Cement has approved plans to set up a 12.5MW captive solar plant. The company operates a 3.4Mt/yr cement plant near to Attock in Punjab Province.
Tariq Khan appointed head of Fauji Fertilizer Company
28 March 2018Pakistan: Lt Gen Tariq Khan has been appointed as the chief executive and managing director of Fauji Fertilizer Company, the owner of Fauji Cement. He succeeds Lt Gen Shafqaat Ahmed.
Syed Jamal Shahid retires as a director of Fauji Cement
01 February 2017Pakistan: Syed Jamal Shahid has retired as a director of Fauji Cement with effect from 19 January 2017. Tahir Ashraf Khan has been appointed as a director of the company with effect from 20 January 2017.
Sinoma to supply waste heat recovery plant for Fauji Cement
19 December 2016Pakistan: Sinoma Energy Conservation Company has signed an agreement with Fauji Cement to install a 7.6MW waste heat recovery (WHR) plant. The agreement was signed by Sardar Mahmood Ali Khan, Director-General of Fauji Cement and officials of Sinoma in Rawalpindi, according to the Nation newspaper. The power plant will be installed by the end of the first quarter of 2018. Once the project is complete the cement producer will be able to produce 80% of electricity requirements from captive sources. Previously Fauji Cement installed a 12MW WHR plant in early 2015.
Silo collapses at Fauji Cement plant in Pakistan
01 June 2016Pakistan: A raw meal silo has collapsed at the Fauji Cement Company plant at Tehsil Fateh Jang, Punjab. The structure containing 25,000t of raw material collapsed on 29 May 2016 also causing damage to the coal mill area of second production line. The company reported no casualties.
Fauji Cement has shutdown its 7200t/day second production line following the incident. It expects that the line will remain closed for approximately five to six months. However, dispatches out of stock will continue as the plant’s cement mills are operating normally. The plant’s 3700t/day first production line is currently undergoing planned maintenance and will resume production soon.
The cement plant’s second production line was completed and started in 2011.
Fauji Cement posts profits of US$5.71m
02 November 2015Pakistan: Fauji Cement Company Limited's profit rose from US$5.71m to US$10.5m in the third quarter of 2015, which ended on 30 September 2015. Company revenue grew by 4.9% year-on-year to US$41.6m as local dispatches remained strong and prices remained intact.
"The result outperformed the market forecast for the quarter on the back of lower-than-anticipated cost of goods sold and financial charges," said Faizan Ahmed. "Resultantly, gross profits grew by 41% to US$18m. In addition, financial charges declined by 40% to US$1.88m due to deleveraging and monetary easing."
Pakistan: The inauguration of the Dasu dam has reinforced optimism in the local cement industry, which has been banking on the continuous increase in local demand owing to mega construction projects.
The Dasu dam, one of the mega dam projects, is expected to increase cement demand in Pakistan by 1Mt/yr for the next five years. The 4320MW dam will be completed in two phases at an estimated cost of US$4.8bn. Since the Dasu dam is located in the north, the cement for the project will most likely be procured from nearby cement plants. Cement companies like Maple Leaf, Fecto, Bestway, Cherat, DG Khan, Fauji are the most likely to benefit from the dam construction.
Analysts say the construction of big dams like Dasu and Basha will supplement the already improving cement demand in Pakistan. "Dasu dam will add an additional 1Mt/yr of cement demand, which will be significant for the local industries," said BMA Capital analyst Sajjad Hussain. "It will increase the already escalating cement demand in the country."
"The launch of the Dasu dam is important for the cement industry in northern region of the country," said Standard Capital Securities analyst Saad Hashmi. "Other major infrastructure projects that are expected to start soon will further increase cement demand and it may jump 5% in fiscal year 2015."
Pakistan sees improvement in first half of fiscal year
22 February 2012Pakistan: Many Pakistani cement manufacturers have posted robust earnings during the first half of the 2012 financial year, which ended on 31 December 2011. Across the six major producers, representing 68% of the market, the overall profitability of the sector grew by a factor of 2.2 over the same period of 2010. Overall net sales of the sector grew by 32% to US$418m.
Separately most Pakistani cement producers posted profits for the six month period. DG Khan and Lucky Cement, which between them contribute around 25-28% of total cement sales, posted robust earnings per share growth. On the other hand, Fauji and Thatta Cement, despite better overall margins, posted losses. Fauji Cement posted losses due to lower utilisation of its new 2.1Mt/yr plant due to power outages and lower demand, while Thatta cement remained in the red due to extremely low sales, which were approximately 20% of those expected.
Fauji Cement powers Pakistan plant with refuse
09 August 2011Pakistan: The Capital Development Authority (CDA) for Islamabad has made temporary arrangement with Fauji Cement for the disposal of garbage from Sector I-14 of the city to cut pollution. Disposal of garbage has become a major issue for the city and the agreement was carried out in the interests of citizens a CDA official announced.
Fauji Cement has installed a waste processing plant at its site in the Tehsil Fateh Jang region of the Attock District. Here solid waste is processed for the generation of fuel to run the plant using Refuse Derived Fuel technology. As per the agreement, the CDA transports garbage to a nearby green belt whereupon Fauji Cement takes responsibility for segregating the material, taking it to the plant and covering the remaining material with mud.
The CDA official stated that previously the garbage was being disposed of in deep ditches covered with soil but it was an unhygienic and undesirable practice. However, as the Fauji Cement covers the garbage (remains) with mud, there is hardly any adverse impact on the environment. Currently a study is being conducted to gauge the impact of disposal of garbage on the environment in Islamabad.