Khan Cement to expand capacity in hopes of becoming Pakistan’s largest cement producer
Published by Emily Thomas,
Deputy Editor
World Cement,
According to Bloomberg, Khan Cement has requested permission from the provincial government to boost its current facility by 12 000 tpd; the request could take up to 12 months to be approved. Inayat Ullah Niazi, Chief Financial Officer at D.G. Khan Cement, added that decisions regarding expanding capacity are to be made with consideration of the demand and economic situation.
If an expansion was to be permitted, D.G. Khan’s capacity could grow to 10.7 million t, allowing the company to overtake Bestway Cement Ltd as the nation’s biggest cement producer, and exceed their 10.3 million t capability.
Following its 13th loan from the International Monetary Fund since the late 1980s, Pakistan’s Prime Minister, Imran Khan, hopes to boost the construction sector in order to create employment opportunities and increase economic growth, with the overarching aim of stabilising The South Asian nation’s economy.
This article was first published here.
Read the article online at: https://www.worldcement.com/asia-pacific-rim/18112019/khan-cement-to-expand-capacity-in-hopes-of-becoming-pakistans-largest-cement-producer/
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