Thatta Cement Co plans to double capacity to take advantage of rising demand at home and overseas.
“We plan to increase capacity within 24 months and that will lead to a rise in sales,” CEO Muhammad Fazullah Shariff said. Thatta Cement will spend PKR3bn (US$35m) to raise production to 3000tpd from 1000tpd, he said.
Pakistani cement makers are benefiting from a growth in sales in their domestic market and from exports because of lower capacity in markets such as Sri Lanka, Africa and the Middle East.
“We are more focused on exports to Sri Lanka where we get a better price for the product,” said Mr Shariff. “Almost half of our exports go to Sri Lanka.”
Thatta Cement will also build a power plant within 15 months with a power generating capacity of 15MW a day and sell surplus power to the government, Shariff said.