Displaying items by tag: Fauji Cement
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.