Cement News tagged under: Pakistan
Rises in Pakistan cement prices lower than other building materials23 February 2012, Published under Cement NewsAizaz Mansoor Shaikh, chairman of the All Pakistan Cement Manufacturers Association (APCMA) has said cement prices have displayed a much lower increase over the last few years compared to other building materials and essential commodities. The News Tribe of Pakistan reports that on average, cement prices increased 6.28 per cent since 2000 to the first half of the current fiscal compared to steel rates raised by 15.90 per cent while the cost of bricks were up by 13.12 per cent. Mr Manso... |
Indian cement importers meet Pakistan exporters22 February 2012, Published under Cement NewsAn Indian trade delegation of over 120 business people, government officials and members of Federation of Indian Chambers of Commerce and Industry (FICCI) including cement importers visited Pakistan last week to make head way on Most Favoured Nation (MFN) status to India and further enhance bilateral trade relations between the two countries. The Indian delegation was led by Anand Sharma, Minister of Commerce & Industry, Government of India. On the sidelines of visits, a group of Indian ce... |
Fauji Cement in possible Askari Cement takeover, Pakistan22 February 2012, Published under Cement NewsFauji Cement Company Ltd (FCCL) plans to acquire Askari Cement of the Army Welfare Trust (AWT). Both companies are reportedly at an advanced stage of negotiations and are expected to announce a merger soon, once the necessary approval is received from the relevant government departments and board of directors. Should the deal proceed, Fauji Cement will become the second largest cement producer in Pakistan as capacity will increase from 3.43Mt to 6.10Mt. As per FY11 figures, FCCL holds... |
DG Khan waste heat project registered with UNFCCC16 February 2012, Published under Cement NewsPakistan's DG Khan Cement’s waste heat recovery project, has been registered with the United Nations Framework Convention on Climate Change (UNFCCC) for carbon credit. The project, situated at Dera Ghazi Khan, is generating 10.4MW of electricity, according to a filing with the Pakistan Stock Exchange yesterday. |
Pakistan: DG Khan Cement receives UN carbon credits15 February 2012, Published under Cement NewsDG Khan Cement Company is to receive CO2 credits from the UN for setting up its new waste heat recovery project. “The Waste Heat Recovery Project of the company situated at Dera Ghazi Khan, generating 10.4MW of electricity has been successfully registered with the United Nations Framework Convention on Climate Change (UNFCCC) for carbon credit,” said DG Khan Cement. The Pakistani cement producer stated that the project was expected to generate 33,845t of CO2 equivalent per annum for a cr... |
Pakistan firms see profits in exports to Afghanistan15 February 2012, Published under Cement NewsPakistan’s cement exports are being geared up due to increase in Afghan export prices to US$50-55/t from the previous level of US$39-45/t.??According to informed sources, the improved export price has finally attracted interest for Pakistani exporters, leading to a 32% YoY increase in exports to Afghanistan in January 2012. However, Pakistan’s cement exports to India fell by 8% in January 2012 while exports to Middle East, Africa and other South Asian states via sea route rose by 4%. Sourc... |
Pakistan: FY12 cement sales helped by local dispatches14 February 2012, Published under Cement NewsFY12 has been witnessing a drop in Pakistan’s export sales, whereas domestic cement dispatches have been rising. The latest numbers released by the All Pakistan Cement Manufacturers Association (APCMA) up until January FY12 show a continuation of this trend. Local dispatches improved by 7% YoY from 12Mt in 7MFY11, while during January 2012 alone, local deliveries improved by nearly 9% to 1.9Mt versus January 2011. While the surge in local sales was witnessed in both the northern and sou... |
Domestic demand offsets fall in Pakistan exports09 February 2012, Published under Cement NewsPakistan produced 17.94Mt of cement in the first seven months of the current fiscal ending January 2012, according to data from the All Pakistan Cement Manufacturers Association (APCM). This represents a four per cent increase on production achieved during the corresponding period of the last fiscal, APCM chairman Aizaz Mansoor Sheikh said. In a statement he said that a 7.21 per cent decline in domestic demand was offset by a 3.59 per cent decline in exports. However, he noted that produc... |
Pakistan cement industry pin hopes on MFN status to India08 February 2012, Published under Cement NewsPakistan and India are likely to discuss the issue of Most Favoured Nation (MFN) during a visit this week by an India trade delegation, headed by its Commerce Minister Anand Sharma, visits Pakistan. Both governments are expected to sign formal agreements including customs cooperation, certification of goods and also address challenges being faced by Pakistan exporters into India. Pakistan’s cement industry is demanding the removal of non-tariff barriers, more freight trains to India, the o... |
Attock Cement profit rises, Pakistan02 February 2012, Published under Cement NewsAttock Cement Pakistan Ltd (APCL) has reported a YoY rise in first-half net profit of 116 per cent due to a rise in prices and an exemption in taxes. The Business Recorder notes that the company posted net profit of to PKR507m for the July-December period of the current fiscal against PKR235m in the same period last year. This translates into earnings per share (EPS) of PKR5.86 this year compared to PKR2.72 last year. Industry analysts are expecting sales to increase in the second half... |