Friday, May 24, 2024

FCCL to setup Manufacturing Plant of Greenfield Cement in Punjab

Fauji Cement Company Limited- FCCL has recently decided to invest in the additional cement capacity due to the rise in the construction activities and high demand of cement.

FCCL has announced that “Consequent to the construction activity like picking up and the significant spend on the infrastructure has expected to continue and this is why, the Board of Directors of FCCL has decided now to invest the additional cement capacity.

The BoD of the company in meeting has approved to set up the Greenfield Cement Manufacturing Plant of over 2.05 million tons as per annum in Punjab at the Dera Ghazi Khan.

The revenue of the company has rose by nearly 30% during the Q1 of FY21 year-on-year. The company managed to make double of its net margin during the Q1 of FY21 year-on-year to around 12.7%.

The total cost of the project will be announced right after conclusion on the negotiation with the contractors and the suppliers. The construction work of this project is expected to commence soon like within a current financial year and it is expected to have a total construction period of around 2.5 years.

Fauji Cement Company Limited initially began with the production capacity of about 3700 tons per day; however, now they grew to over 11000 tons per day.

Mehjabeen Qasim
Mehjabeen Qasim
Business Journalist at Startup Pakistan

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