Pakistan’s Mustehkam Cement for sale

Pakistan’s Mustehkam Cement for sale
Published: 04 April 2005

The Privatization Commission (PC) has invited Expression of Interest from prospective investors and business houses to privatize Mustehkam Cement Limited (MCL) through the sale of 85.29 per cent shares held by the holding company SCCP. MCL is a public limited company listed on the stock exchange. The original unit commenced its production in 1966, while the new unit started commercial production in 1981, says a press note issued here Friday. The company produced Portland cement and its plant is located at Hattar, Haripur and has a rated capacity of 660,000tpa. The unit holds approximately 445 acres of land, while the factory area is 146.3 acres. It was closed down in 1999. PC has asked the interested parties to submit their EOI for acquiring 85.29 shares of MCL along with investor profile and a non refundable processing fee of Rs 15, 000 by April 18, 2005.