Pakistan: Flying Cement to double capacity

Flying Cement Company Ltd (FCCL) has informed the Pakistan Stock Exchange (PSX) that it has signed an agreement with a Chinese company for the procurement of plant and machinery to be installed at the cement producer's existing plant site in Mangowal, Khushab district, Punjab province. The new equipment will upgrade the works' current cement capacity of 2000tpd to 4000tpd.

The financial results of the FCCL for the half year ended 31 December 2016 shows that the sales fell from PKR1223m (US$11.67m) in 1H15 to PKR1145m. Net profit decreased to PKR38m in 1H16 as compared to PKR88m in 1H15.