Cherat Cement Company Limited has approved the installation of a Greenfield cement plant worth Rs34bn in Dera Ismail Khan, KP.
This is a welcoming decision as the country is showing an ever-increasing appetite for cement owing to the current boom of the construction sector. The plant will have an installed production capacity of 11,000 tons per day of clinker and is expected to be completed within the next 3 years, According to an official statement the Board of Cherat Cement co has also approved the acquisition of certain assets, including immovable property and mining leases in DI Khan from a company for a price of PKR1.3 bn.
The country’s cement sector has shown excellent growth in recent period. In May 2021 total cement dispatches were recorded at 3.947 million tons against 2.634 million tons dispatched during the same month of last fiscal, showing a growth of 49.86 percent.
Domestic cement dispatches during the month of May 2021 increased to 3.201 million tons from 2.271 million tons in May 2020, depicting a healthy increase of 40.95 percent, revealed the data released by All Pakistan Cement Manufacturers Association.
