The government of Khyber Pakhtunkhwa (KP), Pakistan, has awarded 14 licences to set up cement factories in the province. According to local media reports, licensees included various industrial groups, as well as established cement producers, Bestway Cement and Gharibwal Cement.
At the licence distribution ceremony, Chief Minister Pervez Khattak claimed the initiative would bring in around US$2.5 billion of investment into the province. Khattak also indicated there would be further licences announced.
Pakistan’s cement demand is booming on the back of infrastructure development associated with the China-Pakistan Economic Corridor.
A number of cement companies have already announced projects to expand cement production capacity.
In early March, Bestway Cement announced plants to build a new brownfield cement plant at Farooqia in KP with a capacity of 6000 tpd of clinker. Cherat Cement also recently announced plans to build a new 7100 tpd clinker production line at Nowshera, KP, at a cost of around US$128.8 million.
In early February, UK-based Asian Precious Minerals said it would invest US$400 million in development a new cement plant in KP.
Read the article online at: https://www.worldcement.com/indian-subcontinent/28032017/cement-licences-awarded-in-khyber-pakhtunkhwa/
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