Skip to main content

Attock Cement to build grinding plant in Iraq

Published by , Editor
World Cement,


Pakistan’s Economic Coordination Committee (ECC) has granted Attock Cement Pakistan Limited (ACPL) permission to establish a cement grinding unit in Iraq. ACPL proposed to remit US$24 million for the establishment of the plant in Basra on account of equity investment beginning this month. The company reportedly plans to hire 50% of its employees from outside Iraq. According to The Express Tribune, the proposed venture is ‘expected to bring foreign exchange through dividends repatriation and growth in clinker exports’.

Pakistan’s Lucky Cement is also investing in a grinding plant in Iraq. The country is making headway with investment in reconstruction and infrastructure, with cement consumption of 21 million t forecast for last year.


Edited from various sources by

Sources:

Read the article online at: https://www.worldcement.com/africa-middle-east/16032015/attock-cement-to-build-grinding-plant-in-iraq-521/

You might also like

The World Cement Podcast - CleanTech & Venture Capital

Our guest for this episode of the World Cement Podcast is Alfredo Carrato, Venture Capital Advisor for CEMEX Ventures. Listen in to the conversation as World Cement's Senior Editor, David Bizley, and Alfredo discuss the role of venture capital and cleantech in enabling the cement industry's green transition.

Tune in to the World Cement Podcast on your favourite podcast app today.

Apple Podcasts  Spotify Podcasts  YouTube

 
 

Embed article link: (copy the HTML code below):