AIRLINK 74.00 Decreased By ▼ -0.56 (-0.75%)
BOP 5.02 Decreased By ▼ -0.04 (-0.79%)
CNERGY 4.42 Decreased By ▼ -0.04 (-0.9%)
DFML 39.20 Decreased By ▼ -0.53 (-1.33%)
DGKC 86.09 Decreased By ▼ -1.46 (-1.67%)
FCCL 21.65 Decreased By ▼ -0.28 (-1.28%)
FFBL 34.01 Decreased By ▼ -0.58 (-1.68%)
FFL 9.92 Increased By ▲ 0.17 (1.74%)
GGL 10.56 Increased By ▲ 0.07 (0.67%)
HBL 113.89 Increased By ▲ 0.10 (0.09%)
HUBC 135.84 Decreased By ▼ -0.68 (-0.5%)
HUMNL 11.90 Increased By ▲ 1.00 (9.17%)
KEL 4.84 Increased By ▲ 0.17 (3.64%)
KOSM 4.53 Decreased By ▼ -0.11 (-2.37%)
MLCF 38.27 Decreased By ▼ -0.19 (-0.49%)
OGDC 134.85 Decreased By ▼ -1.29 (-0.95%)
PAEL 26.35 Decreased By ▼ -0.26 (-0.98%)
PIAA 20.80 Decreased By ▼ -1.69 (-7.51%)
PIBTL 6.68 Increased By ▲ 0.01 (0.15%)
PPL 123.00 Increased By ▲ 0.71 (0.58%)
PRL 26.69 Decreased By ▼ -0.28 (-1.04%)
PTC 14.33 Increased By ▲ 0.42 (3.02%)
SEARL 59.12 Decreased By ▼ -0.75 (-1.25%)
SNGP 69.50 Decreased By ▼ -0.56 (-0.8%)
SSGC 10.33 Decreased By ▼ -0.02 (-0.19%)
TELE 8.50 Decreased By ▼ -0.04 (-0.47%)
TPLP 11.23 Decreased By ▼ -0.11 (-0.97%)
TRG 64.85 Decreased By ▼ -1.15 (-1.74%)
UNITY 26.25 Decreased By ▼ -0.08 (-0.3%)
WTL 1.34 Decreased By ▼ -0.01 (-0.74%)
BR100 7,842 Increased By 18 (0.23%)
BR30 25,326 Decreased By -79.9 (-0.31%)
KSE100 75,207 Increased By 122.8 (0.16%)
KSE30 24,143 Increased By 49.1 (0.2%)
Business & Finance FCCL (Fauji Cement Company Limited) 21.65 Decreased By ▼ -1.28%

Fauji Cement begins 3rd line of cement manufacturing

  • Following expansion at Nizampur site, FCCL's cement production capacity has increased to more than 8.4 million tons per annum
Published October 27, 2022

Fauji Cement Company Limited (FCCL) announced the successful commissioning of the third line of cement manufacturing at its Nizampur site in Khyber Pakhtunkhwa.

As per a statement released by the Pakistan Stock Exchange (PSX), the company said it “has successfully commissioned the 3rd line of cement manufacturing on October 27 2022, having production capacity of 6,500 tons per day of clinker, at its existing location in Nizampur (Village Kahi), District Nowshera, Khyber Pakhtunkhwa”.

With this expansion, the company's cement production capacity has increased to more than 8.4 million tons per annum, it said, adding that the project has been completed within the planned time and cost.

Fauji Cement expansion will make it Pakistan’s 3rd largest cement manufacturer

FCCL is undertaking two major expansions in its North region, making the manufacturer the third-largest cement maker in Pakistan.

The company’s top officials disclosed the development in a corporate briefing held on October 18 to discuss FY22 financial results and future outlook.

FCCL is expanding its Nizampur site in Khyber Pakhtunkhwa and its DG Khan site in Punjab, said Topline Securities, which participated in the briefing session.

The 2.05mn tons of Nizampur expansion is expected to come online in 4Q2022. The total project is expected to cost Rs27 billion where Rs17 billion is financed through debt; 58% Long Term Financing Facility (LTFF) and Temporary Economic Refinance Facility (TERF) and 42% Short-Term Financial Assistance (STFA) and Rs10 billion through equity.

Furthermore, expansion of 2.05mn in DG Khan is expected to come online in 3Q2024, said Topline Securities.

The project cost would be Rs32.4 billion where Rs20.4 billion will be financed through debt (44% LTFF and TERF and 56% STFA) and Rs12 billion through internal cash generation.

Earlier this week, business leaders expressed concern that the construction sector is facing serious challenges due to increase in cement price by Rs30 per bag as the price of one bag of cement has already exceeded Rs1,000.

Comments

Comments are closed.

Mazhar MAhmood Oct 28, 2022 11:04pm
Good decision. The recent devastated flood destroyed roads and bridges net in Pakistan. A huge local market has been created for more than 5-Years. Afterward exports, along with current export quantum, will get more momentum in Afghanistan and India. Wish you best of luck - FCCL Mazhar Mahmood & Co Ex- Consultant for Duty Draw Back.
thumb_up Recommended (0)