Offers invited for Javedan Cement sell-off

Offers invited for Javedan Cement sell-off
28 July 2005

The Pakistan Privatisation Commission (PC) has invited Expressions of Interest (EoI) from interested parties to privatise Javedan Cement Limited (JCL) on an ’As is where is’ basis, through the sale of its 96.34 percent shares, held by State Cement Corporation of Pakistan (Pvt) Ltd (SCCP), the holding company. 
JCL is a public limited company listed on Karachi Stock Exchange since 1962 and registered under Companies Ordinance 1913 (now Companies Ordinance 1984). JCL is located in the north of Karachi over an area of 1200 acres in the Manghopir hills, along with 3159 acres of mining lease land (Quarry).
The Company started production of cement in 1964 with 500 tons per day capacity and currently the rated capacity of the plant is 600,000 tons per annum. The plant is based on the latest technology of cement manufacturing involving suspension per-heater and short dry process kiln. 
Presently JCL has three kilns including the first dry process plant installed in Pakistan in 1980.  Its main products include ordinary portland cement, slag cement and sulphate-resistant cement.
Interested parties have been asked to furnish their Expressions of Interest (EOI) along with the non-refundable processing fee, latest by 1500 hours on August 6, 2005. Interested parties submitting EoIs will be provided Summary Profile free of cost from the Privatisation Commission. A detailed Information Memorandum, Bid Documents and time frame for the pre-bid conference and bidding date will be provided to the interested parties who furnish their EoIs in form, time and manner as Privatisation Commission deems fit. They will be given opportunity to visit the site on any working day with prior appointment with the Privatisation Commission. 


Published under Cement News