Cement News tagged under: Pakistan
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... |
Pakistan first half export review01 February 2012, Published under Cement NewsDuring the first six months of the current fiscal year, Pakistan recorded over a 20 per cent decline in exports. However, the sector is hopeful for increased volumes for the remainder of the year and trade to Afghanistan is forecast to reach new heights. During the first six months (July-December 2011) of the current financial year Pakistan exported 3.662Mt of cement and earned US$214.617m compared to 4.611Mt at US$226.983m in the corresponding period. This shows that cement exports fell... |
Lucky Cement first-half boosted by higher prices, Pakistan31 January 2012, Published under Cement NewsPakistan’s Lucky Cement reported a net profit of PKR3.02bn (US$33.4m) in the 1HFY12, which is 107 per cent higher than the same period of last by a rise in demand and prices. The company's gross profit increased by 46.55 per cent during the half year as its net sales revenue improved by 27.82 per cent to PKR15.37bn against PKR12.03bn of last year. During the July-November period, prices were 17.3 per cent higher YoY due to a reduction in cement takes and just a 10.8 per cent rise in c... |
Pakistan exporters hike Afghanistan prices by 25%27 January 2012, Published under Cement NewsPakistani exporters have raised prices to Afghanistan by 25 per cent to US$50/t up from US$37-40/t, the Express Tribune reports. Senior analyst at KASB Securities, Shagufta Irshad, said the move will have a positive impact on the earnings of these companies in the current financial year. With DG Khan and Lucky Cement both situated in the northern part of Pakistan and are major exporters to Afghanistan. Sales to this neighbouring market constitute about 30 per cent of DG Khan’s total ex... |