Pakistan & Gulf Chemical News
GCC Chemical Imports into India May Be Severely Hurt by Anti-Dumping Investigation, warns GPCA
Inconsistent investigative practices by Indian authorities on anti-dumping regulations raise serious concerns under the World Trade Organization (WTO) rules
Dubai, United Arab Emirates, 10 May 2020 GCC ethylene glycol (EG) imports into India may be severely hurt as a result of an ongoing anti-dumping investigation targeting imports from Saudi Arabia, Kuwait, Oman, UAE and Singapore, according to the Gulf Petrochemicals and Chemicals Association, the regional trade body representing the common interests of the chemical and allied industries in the Arabian Gulf.
The inconsistent investigative practices by Indian authorities on anti-dumping regulations raise serious concerns under World Trade Organization (WTO) rules and threaten to severely hurt GCC economies, jeopardizing USD 543 million worth of mono ethylene glycol (MEG) imports, which is equivalent to 20% of total chemical imports from the region into India, according to GPCA analysis. India is the second largest importer of GCC chemicals and accounts for over a third of total GCC export volume together with China.
On 6 April 2020, Indian authorities terminated the investigation for the sole imports from Saudi Arabia, and continued the investigation into imports from Kuwait, Oman and the United Arab Emirates. This partial termination of the investigation is inconsistent with Indian anti-dumping rules.
GPCA is therefore urging the fair treatment of GCC MEG producers and calling upon Indian authorities to terminate the partial investigation into MEG imports from the remaining GCC states, in order to restore a level playing field for all producers and allow for the continuation of exports of MEG from the GCC to India in the future.
MEG is an essential raw material for the production of various end user products ranging from clothing and other textiles, through packaging to kitchenware, engine coolants and antifreeze. Polyester and fleece fabrics, upholstery, carpets and pillows, as well as light and sturdy PET drink and food containers originate from ethylene glycol.
Dr. Abdulwahab Al-Sadoun, Secretary General, GPCA, commented, As the regional body for the Arabian Gulf chemical industry, GPCA calls for the immediate termination of the partial anti-dumping investigation into regional MEG imports into India. This detrimental and ill-advised measure is having a harmful impact not just on GCC economies but also on bilateral trade, threatening to disrupt Indias domestic market and damage long-standing friendly relations between the nations.
He added: This is the latest in a series of trade-restrictive practices introduced by Indian authorities that GCC chemical exports have been confronted with over the years. GPCA is working closely with GCC authorities to advocate for the immediate termination of the investigation in line with Indias international obligations and the fair treatment of all WTO member states. At a time of pandemic, the uninterrupted supply of chemical raw materials is essential to addressing the global health crisis and we call upon authorities to work together to ensure we maintain the materials needed in factories across the globe today to ensure no shortage of essential raw materials.
Echoing this sentiment, the International Council of Chemical Associations (ICCA), of which GPCA is a member, recently wrote to the G20 leaders as well as trade ministries in various states, to commend their statement on easing supply chain constraints. ICCA further called upon world leaders to coordinate with the industry for the removal of trade barriers and commit to stopping trade distorting practices, particularly for materials and products, including those made from chemicals and petrochemicals, deemed essential in the fight against the COVID-19 pandemic. As a member of the G20, India must act now to roll back any applied or future measures that contradict its G20 commitments. Source: https://www.gpca.org.ae/press-releases
GPCA Welcomes New Chairmen of Plastics and Supply Chain Committee
Hazeem Al Suwaidi, CEO, Borouge, and Fayez Al Malki, VP, Global Supply Chain, SABIC have been appointed as Chairmen of the Plastics Committee and GPCA Supply Chain Committee.
GPCA is pleased to welcome Hazeem Al Suwaidi, CEO, Borouge and Fayez Al Malki, VP, Global Supply Chain, SABIC, as the new Chairmen of the Plastics Committee GPCA Supply Chain Committee, respectively.
With over 15 years of experience working in the petrochemical sector in the UAE, Hazeem Al Suwaidi is the current CEO of Borouge. He previously served as the CEO of ADNOC Fertilizers from 2017-2019.
Prior to that, he was the SVP for Middle East, Africa & Exports (MEAE) at Borouge where he was responsible for leading the companies sales and marketing activities as well as the development and implementation of long- term strategies within the region.
Hazeem has played an instrumental role in developing the Borouge business as it stands today, leading the companys dynamic expansion within the region. He has a Bachelors degree with honours in Business Administration from California State University of San Bernardino, USA.
Fayez boasts over 20 years of experience attained through working in the petrochemicals and chemicals sector. He started his career as Instrumentation and Control Engineer at Saudi Electric Company. Fayez joined SABIC in 2018 in his current role as the Vice President of the Global Supply Chain where he is responsible for SABICs global supply chain strategy development and stewardship of the execution.
He has a B.S Degree in Electrical Engineering from King Fahad University of Petroleum and Minerals and an Executive MBA from Thunderbird School of Global Management in Arizona, US.
Dr. Abdulwahab Al Sadoun, Secretary General, GPCA, commented: I would like to take this opportunity to thank the outgoing Chairman of GPCAs Plastics Committee Ahmed Omar Abdulla, SVP, Refining & Petrochemicals Business, ADNOC, and the outgoing Chairman of GPCAs Supply Chain Committee Ahmed Al Shamsi, Acting CEO, ADNOC Distributions, for their tremendous contributions and dedication to advancing the objectives of GPCAs committees and members, as well as for their unwavering support to GPCAs programs and initiatives.
Furthermore, I am pleased to welcome both esteemed leaders Hazeem Al Suwaidi and Fayez Al Malki as their successors and new Committee Chairmen at GPCA and I look forward to having their valuable contribution and expertise on board to help fulfil the associations strategic objectives aimed at advancing the industrys position and safeg. Source: https://www.gpca.org.ae/press-releases
Chemical Associations Express Support for G20 Trade Actions in Response to COVID-19
The International Council of Chemical Associations (ICCA), the trade association for the global chemical industry, of which the Gulf Petrochemicals and Chemicals Association has been a full member since 2012, has issued a letter of support for the G20 Trade Actions response to the crisis caused by COVID-19 and its efforts to sustain global value chains and facilitate trade.
In the letter, the associations expressed their appreciation, on behalf of the global and regional chemical industry, for the efforts made by governments around the world to moderate the impact of the COVID-19 pandemic. They further praised the initiatives currently in place in partnership with government and industry to support relief efforts and to sustain economic resilience.
The letter went on to emphasize the global industrys commitment towards working closely with the private and public sectors to help address the global health crisis.
As manufacturers, the letter said, global chemical producers can make a valuable contribution to society by applying measures to prevent the spread of the infection at their sites, maintain production through the crisis, and provide science-based solutions to the challenges caused by COVID-19.
The letter was developed by the ICCAs Trade Policy Network Group (TPNG) of which Mr. Ahmad Al-Saleh, Global Business Director Ethylene Glycol, EQUATE and Vice-Chairman, GPCA International Trade Committee (ITC), is a member. It was supported by the GPCA Secretariat in conjunction with members of the ITC.
ICCA expressed special appreciation for governments commitment to foster a globally coordinated response, encourage strong measures to sustain global value chains, facilitate trade and continue to foster commercial engagement and partnerships.
The letter put forward recommendations to help governments, and especially G20 Leaders, combat the pandemic. These included:
Coordinating globally and regionally, including with industry, to ease supply chain constraints
Designating chemical manufacturers and downstream value chains as essential businesses
Committing to rollback export restrictions on products essential for combatting COVID-19
Facilitating supply chains of products essential for combatting COVID-19
Providing support to suppliers of small- and medium-sized enterprises (SMEs)
To read the full list of recommendations and letter click here.
Global COVID-19 Tracker for the Chemical Industry
A new worldwide initiative dubbed the Global COVID-19 Tracker for the Chemical Industry has been launched to help chemical firms and organizations navigate the changes and challenges related to the coronavirus pandemic.
GPCA took part in the initiative by providing vital information on the chemical industry classification and measures currently in place in relation to manufacturing, logistics and services in the United Arab Emirates and the Kingdom of Saudi Arabia.
The chemical industry is a global enterprise and with most manufacturers operating worldwide, their operations and supply chains are directly impacted by the legislation, trade and travel restrictions and measures currently in place as a result of the pandemic in respective countries.
The Global COVID-19 Tracker is designed to provide a snapshot of all required information per region, including Europe, Asia-Pacific, Latin America, Africa, MENA, Canada and the USA, and provide up-to-date and reliable information to member companies in order to help them make informed decisions about their business. The tracker permits to classify sectors and especially how the chemical industry is classified in respective countries and is updated on a weekly basis.
The initiative was launched by the European Chemical Industry Council (Cefic), prompted by a number of inquiries from the EU chemical industry. It was facilitated globally by the International Council of Chemical Associations (ICCA), in collaboration with the ICCA Steering Committee and member associations and made available to ICCAs expansive network of companies and organizations.
The initiative was launched in partnership with global consultancy firm McLarty Associates in response to increased inquiries from member organizations, seeking to obtain accurate and reliable information on developments in relation to the coronavirus pandemic impacting the chemical sector in countries across the globe.
For more information about the global tracker, contact Nathalie Allard at email@example.com.
Ensuring Uninterrupted Supply of Raw Materials Essential to Fighting COVID-19 Pandemic, says GPCA
The association and its members are calling for the reduction of trade barriers including high tariffs currently in place that pose as a significant hurdle to the supply of raw materials used for the manufacture of medical and hygiene equipment
Dubai, United Arab Emirates, 1 April 2020 The Gulf Petrochemicals and Chemicals Association (GPCA), the voice of the chemical industry in the Arabian Gulf, urges global governments and international legislators to work closely together to ensure the uninterrupted supply of raw materials used for the manufacture of medical and hygiene equipment that are absolutely crucial to fighting the COVID-19 pandemic.
Despite facing significant supply chain disruptions, the GCC chemical industry has stepped up efforts to safeguard the supply of raw materials for the manufacture of products used to enable the hygiene, testing and treatment of patients affected by the virus alongside personal protective equipment for medical staff, as well as ensuring the continued manufacturing of essential food packaging material. However, trade tariffs imposed prior to the start of the crisis and in the wake of growing global protectionism since mid-2018, combined with border closures in some countries are proving it difficult for chemical raw materials to reach production plants across the world where finished products are made.
GPCA and its members are calling for the reduction of tariffs and the removal of trade barriers and all bureaucratic hurdles currently in place that pose as a significant challenge to the steady supply of chemical and petrochemical products used for the manufacture of specialized equipment and everyday products amid heightened global demand.
The call comes days after world leaders pledged in a statement issued during a G20 Extraordinary Virtual Leaders Summit to ensure the flow of vital medical supplies, critical agricultural products and resolve disruptions to the global supply chains. The statement went on reiterate the G20s commitment to a free, fair and stable trade and investment environment, and to keep markets open.
All GCC countries have consented to the World Trade Organization (WTO)s Trade Facilitation Agreement (TFA) that aims to simplify, modernize and harmonize import and export procedures and processes. As the rapid spread of the COVID-19 pandemic amplifies the need for international cooperation and the removal of trade barriers, GPCA and its members are urging regulators to speed up the full implementation of the TFA during this crucial time.
Dr. Abdulwahab Al-Sadoun, Secretary General, GPCA, commented, In the current crisis, the role of the chemical industry in ensuring the steady and reliable supply of vital raw materials and products has never been more pronounced. As medical facilities in the region are starting to feel the strain from the pandemic, businesses are continuing to manufacture, in difficult circumstances, the various tools, safety equipment and personal protective equipment such as sterile gloves, masks, hand sanitizers and protective clothing urgently needed to protect the health and safety of people and medical personnel.
At the same time, we depend on FMCG companies to continue to ensure the supply of items such as cleaning products as well as packaged food and beverages. The GCC chemicals industry is safeguarding the supply of raw materials to these sectors and reducing or even removing related bureaucratic hurdles will help secure their timely supply. Eliminating tariffs on these essential products will also reduce the costs on medical facilities and GCC consumers who are already under financial strain.
Mutlaq H. Al-Morished, Chairman, International Trade Committee, GPCA and CEO, Tasnee, added: The COVID-19 pandemic is a global crisis that is impacting not only our health and wellbeing but also trade, businesses and livelihoods in the Arabian Gulf region and globally. It is imperative that no efforts are spared to secure the robustness of the medical infrastructure within the Arabian Gulf region, while also maintaining a stable socioeconomic environment.
With the chemical industry supporting critical value chains during these difficult times, GCC regulators need to deem the chemical and petrochemical industry as critical infrastructure and ensure they are not subjected to forced shutdowns in order to tackle the pandemic. Source: https://www.gpca.org.ae/press-releases
GPCA PlastiCon Returns to Dubai for its 11th Edition
The Gulf Petrochemicals and Chemicals Associations Plastics Convention (PlastiCon) will return to Dubai on 18-19 March for its 11th edition, attracting senior industry leaders from across the polymer value chain, leading brand owners and policymakers from the GCC region and the globe to discuss and debate the issues most crucial to the plastics industry under the theme Circular Economy: The New Engine for Value Creation.
As part of this years engaging conference program, speakers will share their inspiring case studies and expertise in innovation and recycling aimed at minimizing plastic waste and promoting a circular economy both within the plastics industry and in the wider regional and global economy.
The convention will open on 18 March with a presentation by Ahmed Omar Abdulla, CEO, Borouge, and Chairman, GPCA Plastics Committee, and continue with a presentation on Transforming the plastics downstream industry through digitalization by Eng. Abdallah AlObeikan, CEO, Obeikan Investment Group on day one, and a keynote address on day two entitled A new dawn for waste management in KSA by Jeroen Vincent, CEO, Saudi Investment Recycling Company.
Other distinguished speakers from the recycling, technology and manufacturing sectors, such as Veolia, Henkel Adhesives Technology, INEOS, KIZAD and more, along with some of the worlds leading brand owners, including Coca-Cola, Nestle, and Unilever, will converge for two days of knowledge sharing, networking and discussions revolving around innovations in plastic design, chemical recycling, circular economy in plastics, regional regulatory updates and other key industry topics.
To view the full agenda and register for the event, visit: https://gpcaplastics.com
GPCA Supply Chain Conference to Focus on Supply Chain 4.0 this April
Now in its 12th edition, the annual GPCA Supply Chain Conference will return to Dubai on 13-15 April building on its success and established reputation over the years, and focusing on the role of digital transformations in chemical supply chains, also known as Supply Chain 4.0.
The conference will dig deeper into the opportunities for maximizing supply chain performance through the adoption of technology as well as the pre-requisites for successfully integrating digitalization to develop an agile and robust supply chain.
The three-day event will begin with a Women in supply chain session and facilitate a Leadership dialogue on the new era of the digital supply chain and how it will transform existing business areas. The main conference will kick off on day one, 14 April, with a keynote address by Dr. Michele Pisaroni, Group Leader Data Analytics, Sauber Motorsport, on Enablers for the adoption of supply chain 4.0.
Four must-attend masterclasses will invite delegates to Rethink supply chain, explore the Digital innovation Meeting customers needs, delve into Driving efficiency through sustainable supply chains and provide an update on the Impact of IMO 2020 on global petrochemical supply chains
With over 300 delegates from more than 125 companies in 20 countries attending the conference in 2019, the GPCA Supply Chain Conference is the go-to event for supply chain professionals in the chemical and petrochemical industry in the Arabian Gulf and beyond.
With more real-world examples from partners in the value chain, this conference will take delegates beyond theories and will highlight case studies and strategies for a successful digital transformation.
To register for the conference and view the full agenda, visit: https://www.gpcasupplychain.com/
GPCA Supply Chain Excellence Awards Open for Entries
The Gulf Petrochemicals and Chemicals Association (GPCA) is pleased to invite regional chemical and petrochemical professionals in supply chain roles to enter the 4th edition of the prestigious GPCA Supply Chain Excellence Awards, featuring three new categories in 2020.
The awards, which will be held on 14 April during the 12th GPCA Supply Chain Conference at the InterContinental Dubai Festival City, UAE, are open to all organizations engaged in supply chain and logistics operations in GCC countries, which have excelled in their achievements and adopted innovative solutions as part of their operations.
The new categories will focus on recognizing excellence and the achievements of regional logistics service providers as well as rewarding female leaders in supply chain roles whove demonstrated exceptional talent and achievements.
The full list of categories includes:
Ibtikar Rising Star Award aimed at recognizing and reward young talent
Supply Chain Innovation Award covering digitalization and technological innovations
Best LSP of the Year Award tailored towards regional ports
Customer Service and Support Award dedicated to projects that can demonstrate an improvement in customer service
Excellence in Sustainability Award spotlighting a supply chain initiative with a positive impact
Women in Supply Chain Award first of its kind category, especially dedicated to female leaders in supply chain
Excellence in Gulf SQAS Award (Special Recognition) for organizations that have completed a Gulf SQAS Assessment
If you believe that you and your team have achieved outstanding results in your quest for supply chain excellence, make your entry in the relevant category today and dont miss out on the chance to bring home an award.
Find out more about the criteria and enter your nomination here. Source: https://www.gpca.org.ae/press-releases
Dubai Residents Learn about Plastic Recycling at GPCA Waste Free Environment Campaign
Dubai, United Arab Emirates, 16 February 2020 Residents and families of all nationalities and ages in the Emirate of Dubai learned about the benefits of plastic recycling and the role that individuals can play in contributing to a more sustainable future at a free community outreach event in Dubai Festival City Mall as part of the Gulf Petrochemicals and Chemicals Associations (GPCA) 8th Waste Free Environment (WFE) Campaign.
Aimed at raising awareness about responsible resource consumption and the benefits of practicing the 3Rs Reduce, Reuse, Recycle, the event attracted visitors of all ages at an awareness kiosk in the mall who enjoyed a wide range of activities, including working with local artisans to produce handicraft from used plastics, received branded giveaways and the chance to win a special prize in a competition by disposing of their unwanted plastic at a reverse vending machine, organized by Beeah, the campaigns sustainability partner.
During the week-long activities, GPCA hosted a series of school visits filled with education, entertainment, competitions and giveaways to Gems Wellington Primary School, Cambridge International School, Kent College and Our Own High School Al Warqaa in Dubai from 9-12 February, with over 1,000 students taking part in the campaign.
Dr. Abdulwahab Al-Sadoun, Secretary General, GPCA, commented, Now in its 8th edition, Waste Free Environment aims to reinforce the message and the collaborative action taken by government, industry, NGOs and world-leading brand owners that plastic as a material is too valuable to end up in landfill. By providing a platform for learning and education based on scientific evidence, WFE empowers communities, particularly our youth, to take the future into their own hands and act responsibly, with care towards the environment and future generations.
He added: On behalf of GPCA, I would like to thank our community event sponsor, BASF, the campaigns associate sponsors, LyondellBasell, Dow and Cosmoplast, as well as our sustainability partner, Beeah, for their valuable support in helping to facilitate this important awareness campaign.
Waste Free Environment (WFE) is an annual environmental and educational initiative that falls under GPCAs broader advocacy pillar. Starting as a beach clean-up initiative, the campaign has evolved into a global sustainability movement, attracting over 23,000 participants in 29 cities, 18 countries and three continents in 2019 alone.
To learn more about the initiative and how to get involved, visit: www.wastefreeenvironment.com
GPCA Calls for Adoption of New Chemicals Management Regulation in the GCC
Dubai, United Arab Emirates, 10 February 2020 The Gulf Petrochemicals and Chemicals Association (GPCA), the voice of the chemical industry in the Arabian Gulf, has called for a region-wide adoption and implementation of a new chemicals management framework in the Arabian Gulf at a government-industry roundtable which took place in Jumeirah at Etihad Towers, Abu Dhabi on 6 February.
The roundtable entitled Government and Chemical Industry Collaboration: Harmonized Chemical Management in GCC, which was hosted by Borouge and organized by GPCA, sought to pave the way for the implementation of GHS (Global Harmonized System) and ADR (Dangerous Goods Road Transport) regulations in the GCC.
The new regulations will allow for the creation of a robust and successful chemical management framework, which in turn will help safeguard the safety and wellbeing of the general public by reducing the risk of incidents involving hazardous chemicals due to lack of knowledge and adequate understanding, and help increase confidence and trust of citizens in the industrial community.
Dr. Abdulwahab Al-Sadoun, Secretary General, GPCA, commented, As part of our efforts to drive the improvement of standards in the region and facilitate collaboration, GPCA has joined forces with the Gulf Standardization Organization (GSO), recently signing an MoU for collaboration in the development of effective regional industry standards. Moving forward, GPCA is committed to harmonizing chemical industry regulations in the GGC and will continue to work closely with GSO and other GCC regulators to help meet these objectives that benefit both industry and society and serve the regions economic interest.
Abdulrahman Al Ateek, SVP Corporate Affairs, Abu Dhabi Polymers Company (Borouge), said: In line with our commitment to Responsible Care best practice, Borouge strongly advocates implementing a new chemicals management framework across GCC countries. It is important to set clear and unified classification standards to deal with hazardous chemicals to ensure the safety of our people moving, handling and processing chemicals.
Throughout 2018-19, GPCA organized a series of government industry roundtables on harmonized chemicals management in Saudi Arabia, Kuwait, Oman and Bahrain, reaching out to over 325 regulators across the GCC, with the 5th edition of this highly successful event held in Abu Dhabi, UAE for the first time.
The roundtable was attended by 80 delegates, among whom were representatives from the UAE Ministry of Climate Change and Environment, the Supreme Petroleum Council, Emirates Authority for Standardization & Metrology ESMA, and Etihad Rail, as well as the Public Authority for Industry of Kuwait and the Royal Commission for Jubail and Yanbu in Saudi Arabia.
Introduced by the UN, GHS is a single worldwide system for classifying and communicating the hazardous properties of industrial and consumer chemicals. GPCA strongly advocates for the adoption of GHS in the region as it will improve the safety of employees and protect the environment by promoting safe handling of chemicals.
ADR, the Agreement concerning the International Carriage of Dangerous Goods by Road, is an international regulation, based on the UN Recommendations on the Transport of Dangerous Goods Model Regulations. Adopting ADR in the region will help to establish a safe and uniform handling and transportation of dangerous goods.
GPCA UPDATE 2020
With the start of a new decade, marked by great change and renewed drive for regional development and progress, the Gulf Petrochemicals and Chemicals Association is excited to announce its plans to renew its strategy and develop the associations roadmap to 2030, all aimed at fulfilling the associations mandate to deliver value to its members, advocate for the industrys best interests and ensure a tangible contribution by the association to the regional industrys strategic objectives.
Since its launch in 2006, GPCA has cemented its position as a thought leader, a voice for the regional chemical industry and a catalyst for collaboration through the creation of an array of incontestable networking and knowledge-sharing platforms for some of the largest chemical players as well as small and medium size firms across the wider industry value chain.
Over the years, GPCAs moto has remained unchanged: Working for our members through our members, and without a doubt, the association couldnt have reached the influence and stature it enjoys today without the long-standing and unwavering support of its Board of Directors, Committees and Taskforces, alongside its key industry stakeholders, strategic partners and most importantly, its valued members.
As we enter a new decade, a critical time for the industry and the world at large, GPCA remains committed to staying ahead of the curve and championing the regional chemical industrys contribution to the economy, while advocating for responsible practices designed to ensure a healthy future and attract the next generation to an industry thats at the forefront of innovation, cutting-edge technology, environmental sustainability and unlimited opportunity.
But real change is never enacted in isolation and as part of our new vision to do more and perform better, GPCA continues to look forward to engaging our value chain partners, members and key stakeholders in the Arabian Gulf region and across the globe to take part in shaping this new direction, and drive renewed levels of collaboration in our public outreach and advocacy work.
In the pursuit of this renewed vision, GPCA is pleased to announce the appointment of Dima Horani as an Executive Advisor to the association effective 12 January 2020. In her new role, Horani will be working closely with GPCAs Secretary General and Board of Directors to formulate the overall strategic direction of the association and develop the next 10-year plan, coined as the 2030 GPCA Road Map.
Horani has been part of the GPCAs Secretariat since 2010. During this time, shes led strategic projects and initiatives and has been instrumental in creating compelling messages that build reputation, engage with multiple stakeholders and deliver complex awareness campaigns.
Please join us in welcoming Dima to her new role and starting a new chapter for another successful journey into 2030 and beyond. Source: https://www.gpca.org.ae/press-releases
Health, Safety and Environmental (HSE) Seminar:
Engro emphasises importance HSE practices
KARACHI: Engro Fertilizers hosted the 4th Annual Health, Safety and Environmental (HSE) seminar which aimed to create awareness among the participants on the best practices, innovative solutions and creative ideas on successful HSE compliance.
Appreciating the efforts of Engro Fertilizer Limited on this initiative and successfully arranging the seminar for the fourth consecutive year, the chief guest Muhammad Shaharyar Khan Mahar, Minister of Environment and Alternate Energy, said:
It is initiatives such as Engros HSE seminars, which ensure that the necessary measures provided in the law such as enforcement, education and training and technical assistance to embrace safety as a value are implemented in spirit. Awareness and compliance to these set of rules ensures the safety and health of every worker. I urge the industries to come forward and join hands to strengthen compliance HSE rules and regulations and guarantee development of an HSE compliant industrial framework. The industries of Pakistan have recognised the importance of achieving a very high level of performance, demonstrating well developed occupational safety, health and environment management systems. Statistics show outstanding control of risk and very low levels of error, harm and loss over a sustained period of time.
Khalid Siraj Subhani, President and CEO of Engro Fertilizers Limited said, Engro, which works at the forefront of an industry that is highly prone to risk and injury, organises these annual seminars to create awareness in the corporate sector about the health, safety and welfare of the workforce with an emphasis on long-term impact of industrial activity on the environment.
Pakistan Chemicals and Dyes Merchants Association:
PCDMA team to sign MoUs with Indian businessmen
KARACHI: A 60 members delegation of Pakistan Chemicals and Dyes Merchants Association (PCDMA) is heading to India tody to sign various Memorandums of Understanding with their Indian counterparts.
Najumuddin Chughtai Chairman PCDMA said on Saturday the team during stay in India till December 12, 2011 would also visit Mumbai, Ahmadabad, Surat and other cities and discuss promotion of trade between the two countries. He said during meeting with Indian Dyer and Merchants Association, the PCDMA would sign accords in connection with chemicals and dyes trade.
He said this tour would benefit traders of both the countries besides opening up the exchange visits of the business people of both the countries.
PCSIR makes over 48 laboratory equipments
LAHORE: Pakistan Council of Scientific and Industrial Research (PCSIR) Research and Development Cell has designed and prepared more than 48 equipment used in different laboratories, sources said recently.
The laboratory equipments are essential components of research and development organisations, educational institutions and industrial and quality control laboratories to accomplish their day-to-day task.
The federal government has annually been spending a hefty amount on the import of equipment from China and western countries, they said, adding PCSIR had completed a great venture by manufacturing different scientific laboratory instruments after thorough research while using indigenous technology.
They said more than 49 of different instruments/equipment have so far been designed, fabricated and developed while 768 instruments/equipment had been supplied to research and development organisations, educational institutions, industrial and quality control laboratories of the country.
They said end-users tested the PCSIR manufactured equipment and expressed satisfaction over quality of the products. The council was committed to providing backup services to its customers on a regular basis. Lahore PCSIRs contribution to the scientific and industrial sector will ultimately boost the national economy, besides ensuring huge savings on import of lab equipment, they added.
and Distribution Centre:
Chemicals & Dyes Merchants Association:
KARACHI: The export of chemicals and pharmaceutical products increased by 43 percent in first quarter of 2011-2012 July, September as compared to same period last year, Federal Bureau of Statistics FBS data said. Pakistan exported chemicals, pharmaceutical products worth $257 million during July-September 2011 as against $179 million in July- September 2010. Chemicals products export rose by 39.76 percent, increasing from $82.40 million to $115.17 million. Pharmaceutical products export stood at $29.10 million as against $33.90 million in same period of last fiscal.
Korean firm shows interest in investment in Pakistan
ISLAMABAD: A Korean firm, POSCO, global player in steel, energy and IT sectors Thursday showed interest in investment in Pakistan. A six-member delegation of the firm has detailed discussion with CEO, Engineering Development Board (EDB), Aitazaz A. Niazi, here on Thursday. The visitors were given in-depth presentation on steel sector of Pakistan. A case for establishment of steel mill at Kalabagh was presented to them.
They were told that the total installed capacity of long-products in steel sector is around 4 million tons while that of flat products is 1.19 million tons per annum, against demand of more than 6 million tons, said a press release issued here Thursday.
The gap between demand and supply is met through imports. It is expected that the demand for steel products will be around 14.00 million tons against the supply of around 10 million tons in the year 2015.
It was emphasized that Kalabagh is a natural site for establishment of a steel mill by virtue of availability of necessary raw materials like iron ore, coal, dolomite etc. within in 13 KM radius.
The proven reserves of iron ore at Kalabagh are around 350 millions tons. The delegation asked searching questions about infrastructure available at Kalabagh including availability of fuel and energy.
It was agreed that a technical team of the firm will later on visit Kalabagh in order to assess feasibility of establishing a steel mill there.
The details of iron ore mines in Pakistan along with reserves and iron ore grades were also provided to the visitors.
It was suggested that the firm may like to invest independently in the development of any one of the mine or go for joint venture with local company.
The visitors were informed that the iron and steel sector in the country do not have common platform for research and development activity to ensure production of standardized and quality products.
The private sector industrialists realizing the deficiency of this critical requirement, joined hands to establish an institution with name and style Pakistan Iron and Steel Institute (PIASI).
The proposed mission and objectives of the institute were also explained to the visitors and requested to provide assistance in establishment of the institute by way of equity participation, technical assistance and providing equipment for testing laboratory.
Earlier, the delegation had a meeting with Secretary, Ministry of Industries and Production, Abdul Ghaffar Soomro and heads of Heavy Mechanical Complex, Pakistan Steel Mills and other units.
Senior officers of the Ministry and Privatization Commission were also present. The visitors were briefed about various expansion projects of the units and invited to collaborate.
A documentary about the growth of the firm into a global player was also shown to the participants.
cosmetic appearance of Pakistani citrus must to boost exports
Aramco price surges to $ 890 per ton
positive for last couple of years
Asian bond markets register strong growth in 2010, says ADB Report
in SME reduced in Pakistan: FPCCI
Seminar on Investment Opportunities in Pakistan to be
held in Malaysia
addition of agriculture products for bigger export urged
export witness about 50 percent increase
for signing Pakistan-China Transit Trade Agreement
ISLAMABAD: The government has drafted a new industrial policy with focus on the revival of about 1909 sick industrial units across the country in consultation with all the relevant stakeholders. Official sources told APP that in the light of the information provided by industries departments of all provincial governments, 1909 industrial units were sick due to variety of reasons. They attributed closure of these industrial units to financial crunch, outstanding liabilities of commercial banks , high cost of production , law and order situation, electricity and gas loadshedding and partnership disputes.
The official sources said that out of 1909 sick industrial units, 480 were in Punjab, 779 sick units were in Sindh, 568 in Khyber Pakhtunkhwa and 82 industrial units were sick in Balochistan province.
They further said that a total number of 1579 industrial units have been closed down during the last five years.
Giving break-up of closed units in all provinces and in EPZA were in Punjab Punjab 115 units, Sindh 700 units Khyber Pukhtunkhwa 688 units Balochistan 29 units and in Export Processing Zone Authority (EPZA) 47 industrial units were closed down and become sick.
The official sources further said that approximately seven thousand five hundred and thirty (7530) workers rendered jobless due to closure of industrial units during the period.
They claimed that New Industrial policy, which will be announced shortly after in consultation with all stateholders including the owners of the sick units would help addressing the issues that have led to closure of the units and formulating measures to revive the sick units if found them viable for industrial growth in the country.
The sources added that manufacturing is the third largest sector of the economy , accounting for 18.5 percent of Gross Domestic Product (GDP) , and 13 percent of the total employment while the Large Scale Manufacturing (LSM) at 12.2 percent of GDP , dominates the overall sector , accounting for 66 percent of the sectoral share , followed by small scale manufacturing, which accounts for 4.9 percent of the total GDP. The expressed the hope that the new industrial policy after its approval and implementation would help revive sick industrial units, promote industrialization , increase productivity and exports, create more job opportunities for people in their respective provinces and enhance economic growth leading to poverty alleviation in the country. (APP)
participates in 14th Asian Investment Conference (AIC) at Hong Kong
ambassador woos Pak businessmen
to get US $ 3 billion loan from IDB
net needs to be broadened: Hafeez Shaikh
products attracts non-muslims countries: Changez Jamali
Baltistan to be made attractive for Investors
for equitable, fair taxation policy
shows 69 pc growth during July 2010-February 2011
extends financial guarantee to maintain wheat reserve upto 6.6 mln
Board approved roadmap for capital market transaction
of Commerce to propose amendments in TDAP Ordinance
rise over 20% to 6.96 bln
loss feared; imports from China under FTA: Haroon Agar
Chinese Trade Delegation Proposed Pak-China JV will provide low cost raw materials to cater national need: Haroon Agar
Frequent Exchange of trade delegation will multiply bilateral trade: Saeed Shafiq
Pakistan is an attractive destination for investment and joint ventures, stated by Wang Zhuo, President of China Dyestuff Industries Association, in a B2B meeting held with the Office Bearers, Executive Committee Members and members of Pakistan Chemicals & Dyes Merchants Association and Karachi Chamber of Commerce & Industry.
The 24-members Chinese trade delegation visited Pakistan on the invitation of Muhammad Haroon Agar, Chairman, Pakistan Chemicals & Dyes Merchants Association, to explore the possibilities of joint ventures and setting up the industrial base for chemical, dyestuff raw materials in Pakistan.
Earlier, Muhammad Haroon Agar, Chairman, Pakistan Chemicals & Dyes Merchants Association, also arranged a visit of Chinese delegation to three important industrial concerns, Gul Ahmed Textiles, Yunus Textiles & Al-Karam Textiles, where they analysed and appreciated the production and manufacturing capabilities.
Wang Zhou, President, China Dyestuff Industries Association, termed the visit of Chinese delegation successful for gathered incisive insight of raw materials and declared it as a significant development in the bilateral trade between two countries. Zhou underscored the possibilities of joint ventures and invited the business community to participate in the 11th International Dyestuff Exhibition to be held in China this year. Zhou also asserted upon the need of frequent exchange of trade information and delegations.
Muhammad Haroon Agar, Chairman, Pakistan Chemicals & Dyes Merchants Association, while speaking with the delegation said that Pak-China joint ventures will provide raw-material on low cost which will also increase the cost of manufacturing and doing business.
Agar appreciated the visit of delegation and said that it will shun the negative perception of Pakistan due to law & order around the globe. Agar while ensuring the Chinese delegation his best support articulated that Pakistan imports from China Chemicals, Dyes, Plastics, raw materials worth around 3 billion USD every year whereby a great amount of foreign exchange is exhausted in this import, therefore, Pak-China Joint Ventures will lead to visible enhancement in the foreign direct investment, decrease in the cost of manufacturing and saving of foreign exchange.
Mahmood Salam, Coordinator-PCDMA pointed out some complaints substandard chemical import and suggested for establishing a Joint Dispute Resolution Committee to address the problems.
Muhammad Saeed Shafiq, President-KCCI, while presiding over the said meeting announced the session productive, stating that regular exchange of delegations with open new avenues of bilateral trade and exploration of trade prospects.
Saeed said that exchange of trade delegations are imperative to multiply bilateral trade. Saeed also invited the Chinese counterparts to participate in the KCCIs 8th My-Karachi Exhibition to be held in July 2011. Sheikh Imran Saleem, Vice Chairman PCDMA, Co-leader of Chinese Delegation Li Yan and other Executive Members also participated in the meeting.
Committed to Public Service & Steadfast to Resolve the Problems of Business Community: SIRAJ TELI
Businessmen Group (BMG) is playing a productive role with a sincere enterprise to resolve the problems of the business community, expressed by Siraj Kassam Teli, Chairman, Businessmen Group & former President-KCCI, while addressing at the inauguration ceremony of expansion & renovation of Pakistan Chemicals & Dyes Merchants Association Head Office at Karachi.
Siraj Teli focused that BMG will never leave alone the business community and raise voice to protect and promote its genuine and legal rights with the high-ups of the government. Teli underlined the importance of unity and harmony amongst the business community for resolving the problems. Teli stated that collective efforts are required on RGST issue and without consultation and removal of the apprehensions, RGST would not be acceptable at all, as it will have a destructive impact on the economy ; commercial and industrial activities will face another slowdown. Teli stated that the Bolton Market Tragedy was a difficult task and a challenge for KCCI, however, compensation amount of 1.4 billion to 1751 affactees became possible, we find no such example in the history of Pakistan where compensation was provided within one-month time.
Teli expressed gratitude and compliments to the members of the business community and said that with their support BMG is winning the elections at KCCI since last 13 years and never lost one single seat. Zubair Motiwala, Advisor to Chief Minister on Investment and Vice Chairman BMG said that due to political uncertainty, deteriorating law & order situation, and weak policies of the government the business situation is becoming difficult, whereas, such protest of the business community is also increased, therefore, Govt should take serious notice accordingly.
Motiwala commented that RGST imposition will have a negative impact on the legal business while smuggling will multiply. If the Govt impose RGST the there will be a gap of 15 percent between the real business person and smuggler and the cost of doing business will increase, he said. Saeed Shafiq, President-KCCI ensured best support and cooperation to PCDMA on their issues with the government.
Haroon Agar, Chairman, Pakistan Chemicals & Dyes Merchants Association (PCDMA) paid glowing tribute to Siraj Kassam Teli and Zubair Motiwala for their priceless services and efforts to promote trade & industry and resolve the problems of business and industrial community. Agar highlighted the proactive role of Karachi Chamber of Commerce & Industry for supporting other trade bodies; recommending solutions for their problems to the concerned quarters.
Agar said that RGST will have destructive repercussions on the commercial activities and without consultation of stakeholders RGST is not acceptable. Abdul Razzak Agar, Special Assistant to Chief Minister Sindh, Talat Mahmood, SVP-KCCI, Shaikh Imran Saleem, Vice Chairman PCDMA, Muhammad Idrees, Karachi Electronics Dealers Association, prominent businessmen Rafiq Bilwani, Amir Abdullah Zaki, Younus Bashir and Managing Committee Members of PCDMA also participated in the meeting. Siraj Teli also inaugurated the new office of PCDMA.
Indian High Commissioner ensures swift visa to businessmen
Sharat Sabharwal, Indian High Commissioner in Pakistan has ensured swift issuance of business visas, in a meeting held with Chairman and Members of Pakistan Chemicals & Dyes Merchants Association. Sharat Sabharwal, Indian High Commissioner along with R.K. Sharma, Economic & Commercial Counsellor, Dr. Suhel Ajaz Khan, Visa Counseller visited on the invitation of Muhammad Haroon Agar, Chairman, Pakistan Chemicals & Dyes Merchants Association.
Indian High Commissioner while addressing the PCDMA Chairman & members assured that business visa will be processed and issued on priority to the Associations members. He stated that Pakistan is an important country for India in respect of trade and subsequently the business community of both countries are maintaining cordial relations. He said that Pakistan imports chemicals, dyes, spices, plastics products etc. in large quantity from India. He highlighted that the Indian export has crossed 600 bn, while the bilateral trade volume with joint efforts can rise to the level of 10 to 12 billion USD.
Indian High Commissioner stated that they treat all trading partners equivalent and efforts are underway to enhance bilateral relations as well. Referring the SAFTA agreement, he said that it would act productive if Pakistan accords India MFN status. Muhammad Haroon Agar, Chairman, Pakistan Chemicals & Dyes Merchants Association (PCDMA) drew the attention of Indian High Commissioner towards delays in the issuance of business visas to members and requested to simplify the visa procedures. Agar requested the Indian High Commissioner to grant visas to members on priority on associations recommendation.
Agar during welcome speech stated that as per the figures of State Bank of Pakistan, India Trade Volume in 2009-10 was $ 1.38 Billion. Bilateral trade has a potential to increase upto US$ 5. He said that Trade between India and Pakistan is less than 0.5% against their total trade and this should be increased. He quoted that as per information Pakistan Exported goods valued US$ 268.33 Million and Imported US$ 1.03 Billion in 2009-10 whereas, Pakistan suffers a trade deficit with India and Trade is in Indian favour. Agar observed that Pakistan imports some Indian items through informal trade via Dubai & Singapore which is estimated around US$ 2-3 billion per year, and this trade could obviously be undertaken bilaterally at significant lower cost. Removing non tariff barriers from Indian side could pave the way for Pakistan to enhance its trade and to narrow down the trade deficit, he added. Agar said that there is an unlawful trade amounting to US$ 2 to 3 Billion, if legal trade is enhanced, illegal trade and smuggling could be checked.
Agar also stressed upon the need of Pakistan and Indian Chambers and Associations frequent interaction. He said that PCDMA believe to enhance bilateral trade between two countries, with regular exchange of trade delegations and interaction between the leading trade associations with active participation in exhibitions of two countries. Shaikh Imran Saleem, Vice Chairman PCDMA, and Managing Committee Members of PCDMA also participated in the meeting.
RENEWAL OF ANNUAL MEMBERSHIP OF THE PCDMA FOR THE YEAR 2011-2012
This is for general information of all members of the Association that under the Trade Organization Ordinance, 2006 and subsequent to Trade Organization Rules, 2007, subscription for the current financial year has become due for payment and expiring on 31st March 2011. Under clause 46(iii) of the Article of the Association of Pakistan Chemicals & Dyes Merchants Association, any member who does not pay this subscription by 31st March 2011, shall be deemed to have been automatically removed from the membership register of this Association.
Please make it convenient to renew your Membership (which is starting from 1st February 2011) within the due dates by remitting us a sum of Rs. 1000/= (Rupees One Thousand only) by Cash, Cheque, Demand Draft in favour of Pakistan Chemicals & Dyes Merchants Association Karachi. It is further requested that please dont forget to bring your Membership No and IT Return copy of June, 2010 at the time of Renewal. All the members of the Association may contact the Head Office at Karachi for their renewals of Membership.
The members belonging to Faisalabad may contact Mr. Muhammad Younus Convener Faisalabad M/s. Universal Chemical Store, P-79, Street #4, Inside Kutchery Chiniot Bazar, Faisalabad. Ph: 041-2615486 Members belonging to N.W.F.P. and other Cities of Punjab please be contacted to Mr. Talha Bin Zaheer, Secretary, Northern Regional office Suite # 205-206, Ainak Mahal, Shah Alam Market, Lahore or Mr. Amir Munir, President, Northern Regional office at M/s. Al Hamd Corporation H-1223 Inside Akbari Mandi, Lahore Ph: 042-37660851-37666686 As per DTO orders dated 24-02-1997 the Membership will be renewed only upon providing the copy of filing of return or statement under section 115(4) of the Income tax Ordinance 2000 (previously section 143-B of the Income Tax Ordinance 1979) for the latest proceeding year i.e. assessment year 2010-2011, (year ending June 30, 2010). The last date of payment for Renewals of Membership is 31st March 2011 for the year 2011-2012. SYED SHAKIL AHMED Secretary General
IMPORTERS RECORD PROTEST AGAINST CLAIMING OF ADDITIONAL CHARGES BY SHIPPING LINES
Currency Adjustment Factor & other additional charges claimed culminating to increase in the cost of doing business, PCDMA condemns the raise and appeals MoC for rectification
Muhammad Haroon Agar, Chairman, Pakistan Chemicals & Dyes Merchants Association, has appealed the Ministry of Commerce, to devise some mechanisms or impose regulations to shun the abusive dominance and cartelization of shipping lines/agents stating that shipping lines/agents claim from importers and exporters, unwarranted additional charges in different headers.
Haroon Agar while expressing deep concerned has appealed the Federal Commerce Minister to take notice of such possessive practices by shipping lines/agents and apprised the Minister that Shipping-lines/agents, keeping their eyes wide shut towards the incentivizing policy of this democratic government, are stubborn to impose their abusive dominance and cartelization while enforcing various unprovoked additional charges from time to time, which increases the cost of doing business and resulting financial losses to importers/exporters who are contributing a major chunk in the government revenue. Copy of said letter is also sent to Federal Finance Minister, Federal Minister for Ports & Shipping, concerned Federal Secretaries, Chairman-FBR, DG-FIA and Federal Tax Ombudsman informing about the new practice of claiming additional charges started by few Shipping Companies/Agents claiming additional unprovoked charges in the headers of Currency Adjustment Factor (CAF), Karachi Port Surchage (KPS) US$50, Splitting Charges etc. in recent new imported consignments and urged to stop such activities as it would become vogue practice being followed by other shipping lines/agents.
Agar, in a press statement, further elaborated that due to unfair practices for earning high profits, the shipping lines/agents are generating billions of rupees whereas as importers/exporters face losses as counter effect. Agar said that in the wake of claiming additional charges by shipping lines/agents the per container charges are now raised from Rs.18000 to Rs.23000, nevertheless, alongside, the terminals are also collecting handling charges Rs.16200 per container. Agar voiced that shipping lines/agents even in the adverse economic scenario in the country are earning billions of rupees whereas the importers/exporters are being penalized in the presence of manifold problems viz. High cost of doing business, multiples taxes and levies etc.
Agar feared that since the inflation is already touching the sky, such unfair acts bring an inflationary effect and upshot in the prices of commodities, essential items and raw materials. Agar appealed the Federal Ministers and concerned quarters to look into this long withstanding matter and suggested a formation of vigilance committee to monitor the shipping lines/agents. Agar further recommended that imposing/withdrawing of regular or additional charges should only be enforced with consent of commerce ministry and consultation of stakeholders/ trade bodies and unfair and adamant practices of shipping lines/agents be eradicated.
LANXESS on expansion course in India
Groundbreaking for high-tech plastics facilities
LANXESS is continuing the expansion of its Indian production site in Jhagadia, Gujarat state. The specialty chemicals group broke ground for new compounding facilities with an initial capacity of 20,000 metric tons per year. These facilities will start producing the high-tech plastics Durethan (polyamide) and Pocan (polybutylene terephthalate) at the beginning of 2012. The investment of more than EUR 10 million will create 60 new jobs.
"Jhagadia provides the perfect platform to strengthen our position as a premium supplier to our customers not only in the rapidly-growing local market but also in the Asia-Pacific region," said Rainier van Roessel, LANXESS Board Member at the groundbreaking ceremony.
India is on course to become the third largest consumer market for high-tech plastics after the United States and China, driven by the automotive industry that is set to grow by more than six percent per year. Global automakers, as well as their suppliers, are already active in India or are investing in new plants in the subcontinent. It is above all the growing middle-class in India that is driving the trend towards greater mobility
invests €90m in growth strategy to supply world's largest pulp
The agreement - with Eldorado Celulose e Papel - emphasizes the importance of high growth markets to AkzoNobel and will help drive the medium-term strategy of doubling revenue in Brazil to €1.5 billion. It also underlines the value the company attaches to securing long-terms partnerships with customers.
The investment - AkzoNobel's biggest ever in Latin America - is centered on further expanding Eka Chemicals' sustainability focused Chemical Island concept. It will involve supplying, storing and handling all chemicals for the 1.5 million tons per year green field mill, which is being constructed in the northern part of Três Lagoas City. The mill is expected to come on stream in September 2012.
"This 15-year agreement confirms our intention to accelerate growth and expand our activities in the world's high growth regions," said Rob Frohn, the AkzoNobel Board member responsible for Specialty Chemicals. "We are about to make one of the biggest investments in our history, which emphasizes both the importance of Latin America to our growth ambitions and our commitment to the pulp and paper industry."
Added Pulp and Paper Chemicals General Manager Jan Svärd: "Future demand for pulp and paper chemicals in Latin America is projected to increase substantially over the next 15 years. This agreement therefore represents an exciting opportunity for us to expand our operations in the region and further underlines the value our customers attach to our Chemical Island concept."
He went on to explain that Eka Chemicals will be building a world scale sodium chlorate production unit to supply the projected demands of the Eldorado mill, which has been designed to accommodate three pulp lines. The new Eka Chemicals facility will also supply other key customers in Brazil. Work on the new pulp mill site started in June last year.
Commenting on the agreement, Eldorado President Rogerio D'Alcantara Peres, said: "Building the world's largest pulp mill requires working with reliable partners who can provide the best technology. AkzoNobel's proven Chemical Island concept, together with the company's world class expertise and strong commitment to sustainability, meant that they were a natural choice for this major project."
The new facility
will expand Eka Chemicals' well established pulp and paper activities
in Brazil, where the business already operates its Chemical Island concept
at several mills, as well as running production units in Jacareí,
Eunapolis, Três Lagoas, Rio de Janeiro and Jundiaí.
Huntsman plans to invest more than $70 million at its Jurong Island plant in a move that will more than double the sites manufacturing capabilities, help satisfy increasing global demand for polyetheramines and strengthen the companys leadership position in this technology. In the last five years, Huntsman the worlds leading polyetheramine producer has seen interest in its JEFFAMINE® amines accelerate dramatically.
Polyetheramines are typically employed in epoxy coatings or in additives that enhance the performance of fuels, concrete and pesticides. With new amine applications emerging all the time, Huntsman is forecasting significant mid-term growth in the sector.
Stu Monteith President of Huntsmans Performance Products division said: When our Jurong site first opened in 2007 it was designed to produce 16,000 tons of polyetheramines per annum. However, in the last few years demand has begun to outstrip production capabilities across our three main production sites in Singapore; Conroe, Texas; and Llanelli in Wales. Adding this extra 40,000 tons of capacity in Asia is in line with our regional growth projections for the next decade and will optimize our global manufacturing footprint for specialty amines, enabling us to flex and respond more quickly to customer requirements.
Although Huntsman already has a significant position in the market, it expects demand for its JEFFAMINE® amines range to intensify across all regions over the next decade, particularly in Asia-Pacific where volume is set to grow by at least 10% per year.
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