Cherat Cement to increase capacity, Pakistan

Cherat Cement to increase capacity, Pakistan
01 August 2014

Cherat Cement plans to invest PKR12bn (US$121.5m) in expanding capacity at its Pakhtunkhwa works, according to a company official.

The company will be investing in a new 1.3Mta line, said Abid A Vazir, executive director of Cherat Cement. The decision to raise capacity is due to an expected rise in domestic consumption. The move will effectively double Cherat's capacity which currently stands at 1.1Mta.

The term-loan for the project has been arranged. The project has reportedly been awarded to Tianjin Cement Industry Design and Research Institute Company Ltd of China, according to the International News (Pakistan).

Published under Cement News