Skip to main content

DG Khan Cement’s Hub plant to come online by December this year

https://tribune.com.pk/story/1460333/dg-khan-cements-hub-plant-come-online-december-year/


By Salman Siddiqui

Published: July 18, 2017

PHOTO: REUTERS

KARACHIDG Khan Cement’s latest manufacturing plant, which would be Pakistan’s largest in terms of installed capacity, will officially begin production by December 2017, reported a local brokerage house on Monday.

The plant at Hub, owned by Mian Mansha’s DG Khan Cement, is being constructed at an estimated cost of $300 million.

However, Shajar Capital stated in its report that the plant may not result in a major price war or eat up a significant market share of competitors since it would largely cater to the rising demand of cement in Gwadar-related mega projects and housing schemes in the southern region (Balochistan and Sindh).

ADVERTISEMENT

Ad

DG Khan Cement rakes in Rs2.06 billion profit

Shajar Capital said it along with its clients paid a visit to the construction site to assess the process of its much-awaited green field expansion at Gaddani, Hub which “as per the project management is expected to come online by the end of calendar year 2017.”

The company has set the target to complete its civil work by September 2017 and move into the testing phase in order to ensure project commissioning by December 2017, it said.

The brokerage house added “the new line having a clinker capacity of 9,000 ton per day is the largest single facility (being) set up in Pakistan,” the house added in a brief to its clients.

“Development of Gwadar, initiation of HUBCO coal based power plant and revival of Parco’s refinery plant at Khalifa Point are anticipated to spur cement demand going forward in the region and also bring further development along this area,” it said.

The cement maker is a listed firm at the Pakistan Stock Exchange. Its share price increased 0.37%, or Rs0.72, to Rs194.11 with a volume of 486,100 shares on Monday.

Arif Habib Limited’s analyst Tahir Abbas added the project would cater to the rising demand in the “southern region [which] is operating at 95% capacity utilisation.

“It will definitely impact the southern market in terms of utilisation,” he said.

Feasible export point

Historically, Abbas said, many cement manufacturers in the southern market have been exporters as well. “Export is the prime objective of the plants being operated under the long-term vision in the south,” he said.

DG Khan Cement earns Rs2.6b, beats expectations

The exports are on a decline for the last couple of years and higher local demand has absorbed external shocks. “But, obviously, in the longer run, things would not remain the same. The trend [export] would change in the next five-seven years,”

Hub is a good location for manufacturing cement and then exporting via Karachi Port or Gaddani which is yet to be developed over a period of time, he said.

This is the first expansion project to become operational this year. The others of the total new capacity of 25.5-26 million ton would come by 2020-21.

Published in The Express Tribune, July 18th, 2017

Comments

Popular posts from this blog

Balochistan to establish first medical university

https://www.dawn.com/news/1366135

The Newspaper's Staff CorrespondentOctober 25, 2017QUETTA: The provincial cabinet on Tuesday approved the draft for establishing a medical university in Balochistan.Health minister Mir Rehmat Saleh Baloch made the announcement while speaking at a press conference after a cabinet meeting.“The cabinet has approved the draft of the medical university which would be presented in the current session of the Balochistan Assembly,” he said, adding with the assembly’s approval the Bolan Medical College would be converted into a medical university.Published in Dawn, October 25th, 2017

CPEC Jobs in Pakistan, salary details

JOBS...نوکریاں چائنہ کمپنی میںPlease help the deserving persons...Salary:Salary package in China–Pakistan Economic Corridor (CPEC) in these 300,000 jobs shall be on daily wages. The details of the daily wages are as follows;Welder: Rs. 1,700 dailyHeavy Duty Driver: Rs. 1,700 dailyMason: Rs. 1,500 dailyHelper: Rs. 850 dailyElectrician: Rs. 1,700 dailySurveyor: Rs. 2,500 dailySecurity Guard: Rs. 1,600 dailyBulldozer operator: Rs. 2,200 dailyConcrete mixer machine operator: Rs. 2,000 dailyRoller operator: Rs. 2,000 dailySteel fixer: Rs. 2,200 dailyIron Shuttering fixer: Rs. 1,800 dailyAccount clerk: Rs. 2,200 dailyCarpenter: Rs. 1,700 dailyLight duty driver: Rs. 1,700 dailyLabour: Rs. 900 dailyPara Engine mechanic: Rs. 1,700 dailyPipe fitter: Rs. 1,700 dailyStorekeeper: Rs. 1,700 dailyOffice boy: Rs. 1,200 dailyExcavator operator: Rs. 2,200 dailyShovel operator: Rs. 2,200 dailyComputer operator: Rs. 2,200 dailySecurity Supervisor: Rs. 2,200 dailyCook for Chinese food: Rs. 2,000 dailyCook…

Germany’s Siemens sets up Belt and Road office in Beijing

https://gbtimes.com/germanys-siemens-sets-up-belt-and-road-office-in-beijing
Germany’s Siemens sets up Belt and Road office in Beijingby Janne Suokas Mar 23, 2018 15:20 TRADEINVESTMENTBELT AND ROAD INITIATIVEGerman industrial and engineering group Siemens will set up a Belt and Road office in Beijing. surberFlickrCC BY 2.0
German industrial and engineering group Siemens will set up an office in Beijing to boost international cooperation under China’s Belt and Road initiative, the company said on Friday.The move will help strengthen Siemens’ cooperation with Chinese and international companies and expand business opportunities brought about by the Belt and Road initiative, according to the company’s statement.The Belt and Road initiative is China’s ambitious project to boost trade and infrastructure investment in more than 65 countries along the ancient Silk Road trade routes from Asia to Europe and Africa.Siemens said it had already partnered with hundreds of Chinese companies in overse…