Pakistan producer Lucky Cement has started production at its 0.87Mta joint venture grinding plant in Basra, Iraq.
Lucky Cement CEO, Muhammad Ali Tabba, told local press that production started in February. Mr Ali Tabba explained to Dawn News that the grinding plant is the first phase of development and "if we succeed in our projections, we may go for a full cement production line of 1.25Mt, which may cost around US$125m.” The US$40m project is a 50:50 investment with the Al-Shawy family of Iraq.
Lucky Cement is also constructing a 1.2Mta integrated plant in the Democratic Republic of Congo. The US$240m project is an equal joint venture project with the Rawji Group and will operate under the name of Nyumba Ya Akiba (NYA).