Pakistan’s Attock Cement reported profit after tax of Rs.2.21 billion in FY15, up 9.5% y/y. Revenues increased 4.3% to Rs.13 billion and gross margins improved by 407 basis points to 33.6%.
The company also announced plans to expand its production capacity by building a US$120 million cement production line at its plant in Hub. The project is expected to take 30 – 36 months and will commence production in 3Q19 when it will be capable of producing 3300 tpd of clinker. This is the third such announcement after DG Khan Cement and Cherat Cement also announced plans to expand production capacity.
Pakistan is seeing growth in domestic cement demand, while exports are suffering from greater competition.
Edited from various sources by Katherine Guenioui
Read the article online at: https://www.worldcement.com/asia-pacific-rim/14082015/attock-cement-plans-3300-tpd-clinker-production-line-322/