In light of increasing domestic demand for cement in Pakistan, Cherat Cement has decided to construct a new 1.3 million tpa production plant. The company made the announcement during a recent visit to the Lahore Stock Exchange (LSE).
The senior management of Cherat Cement, including Yasir Masood, Executive Director Finance, Abid A. Vazir, Executive Director, and Ahmad Shoaib Khan, Resident Director, visited the LSE to participate in the Corporate Briefing Program (CBP), which is designed to encourage companies to come forward and share their financial and non financial projects before members, TREC Holders, investors and the press.
During Cherat Cement’s presentation, Abid A. Vazir stated that the new line would increase the company’s total production capacity to over 2.4 million tpa. The plant, which is expected to be commissioned in approximately 30 months time at a total cost of approximately Rs.12 billion, will be installed at the existing site and will help the manufacturer to meet the region’s increasing demand for cement.
Edited from various sources by Rosalie Starling
Read the article online at: https://www.worldcement.com/asia-pacific-rim/27112014/cherat-cement-plans-new-production-line-in-pakistan-916/