Fauji Cement to profit from new dam
The construction of the Diamer Bhasha hydroelectric dam in Pakistan is expected to boost cement demand by up to 5Mta during its construction, with Fauji Cement likely to benefit the most.
The Asian Development Bank (ADB) has confirmed that it is ready to lend US$4.5bn for the construction of the dam, which will play an essential role in enabling Pakistan to meet its future energy requirements and will also support general economic growth.
Fauji Cement’s proximity to the dam and historical closeness to the Chinese corporations who are expected to play a major role in its construction.
Fauji Cement will double its capacity by the end of 2011 when its new 7200tpd clinker line is expected to come on stream.
Published under Cement News
