Flying Cement make two director changes

Pakistan-based Flying Cement Co Ltd in Pakistan has appointed two new directors, Nadeem Tufail and Waqar Zahid. They replace Imran Chaudry and Muhammad Tawassal Majeed, respectively, from 31 October.

As a result, the company's new Board of Directors now comprises: Agha Humayun Khan as Chief Executive and seven directors, ie Kamran Khan, Momin Qamar, Yousuf Kamran Khan, Qasim Khan, Samina Kamran, Nadeem Tufail and Waqar Zahid.

Line No 2 upgrade
The company's management has also arranged major finance from the National Bank of Pakistan fro its planned expansion of the Lilla plant in Punjab. The works currently has a capacity of 1.197Mta and the company intends to double this. The project will also be part-financed from the company's own sources and has injected fresh funds for the expansion.