Attock Cement Pakistan Ltd has awarded a contract to Hefei Cement Research and Design Institute (China) for a new 4000tpd plant in Hub, Balochistan, the cement producer said.
"The management of Attock Cement has concluded an agreement for setting up new 4000tpd cement manufacturing plant with all standard parts and accessories with Hefei Cement Research and Design Institute (China)," the company said in a bourse filing.
In August the manufacturer informed the Karachi Stock Exchange that its board approved a proposal to increase its production capacity by installing a new plant with an estimated cost of US$120m at its existing site.
FY14-15 was a record breaking year of the company both in operational and financial terms. The company achieved its largest ever clinker production of 1.835Mt in year 2015 while export sales hit a high of 739,400t. Attock also succeeded in securing its highest ever net sales at PKR13.1bn in 2015 while net profit reached a high of PKR2.2bn.