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News Thatta

Displaying items by tag: Thatta

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Khawaja Muhammad as chairman of Thatta Cement

05 August 2020

Pakistan: Thatta Cement has appointed Khawaja Muhammad as its chairman. He succeeds Naheed Memon.

Published in People
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Naheed Memon appointed chairperson of Thatta Cement

02 October 2019

Pakistan: Thatta Cement has appointed Naheed Memon as the chairperson of its board of directors. She succeeds Khawaja Muhammad Salman Younis, who left the role on 23 September 2019.

Published in People
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Thatta Cement’s profit falls on input costs and negative currency effects

01 October 2019

Pakistan: Thatta Cement has blamed a fall in profit on rising input costs and negative currency effects. Its profit dropped by 40% year-on-year to US$1.36m in the financial year to 30 June 2019 from US$2.27m in the same period in 2018. Sales and distribution costs more than tripled to US$1.4m. Its net sales grew by 22% to US$22m from US$18m. Total cement and clinker despatches increased by 34% to 0.56Mt from 0.42Mt.

Published in Global Cement News
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Thatta Cement appoints Mohammad Abid Khan as company secretary

13 February 2019

Pakistan: Thatta Cement has appointed Mohammad Abid Khan as its company secretary. He succeeds Shabid Yaqoob who has stepped down from the role.

Published in People
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Thatta Cement’s sales rise as costs mount

07 February 2019

Pakistan: Thatta Cement’s sales rose by 35% to US$16.7m in the half-year to 31 December 2018 from US$12.4m in the same period in 2017. Its cost of sales rose by 48% to US$12.5m from US$8.4m. Its profit for the period fell by 6.5% to US$2.2m from US$2.3m.

Published in Global Cement News
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Thatta Cement approves waste heat recovery project

18 October 2018

Pakistan: Thatta Cement has approved a waste heat recovery project with its associated company, Thatta Power, at its annual general meeting. The two subsidiaries of the State Cement Corporation of Pakistan have ratified a waste heat utilisation agreement. The cement producer operates a 0.6Mt/yr plant at Thatta near Karachi.

Published in Global Cement News
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Thatta Cement’s sales fall by 22% to US$23.1m

14 September 2018

Pakistan: Thatta Cement’s standalone sales fell by 22% US$23.1m in the financial year to 30 June 2018 from US$29.7m in the same period in 2017. Its gross profit fell by 35% to US$6.1m from US$9.4m. Its profit for the year fell by 39% to US$2.9m from US$4.7m.

Published in Global Cement News
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Thatta Cement grows sales in current financial year

22 August 2017

Pakistan: Thatta Cement’s sales revenue rose by 34% to US$36.3m in its financial year that ended on 30 June 2017, from US$27.1m in the same period in 2016. Its profit increased by 8.7% to US$6.8m from US$6.3m.

Published in Global Cement News
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Thatta Cement appoints Muhammad Taha Hamdani as a director

21 December 2016

Pakistan: Thatta Cement has appointed Muhammad Taha Hamdani as a director with effect from 16 December 2016. He replaces Wazir Ali Khoja. Hamdani has worked for Thatta Cement as its Chief Financial Officer and Company Secretary since 2011. Previously to this he has worked for a variety of companies in financial and auditing positions.

Published in People
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Thatta Cement suspends Sri Lanka cement grinding and bagging plant

30 April 2014

Sri Lanka: Work on a Thatta Cement project in Sri Lanka has ended because the Sri Lanka Ports Authority (SLPA) has not yet executed the Land Lease Agreement (LLA). Basic engineering for the cement grinding, storing and bagging plant has been completed but the project has been suspended pending legal issues.

Thatta Cement secretary Taha Hamdani has complained to capital market regulators about the SLPA also signing an agreement with another company whose operational area lies close to its cement project. It appears to obstruct setting up of the cement project within the layout originally planned by the SLPA. The company officials say further progress on the project would recommence 'as soon as LLA is signed with SLPA'.

Published in Global Cement News
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