Attock Cement: Difference between revisions
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Revision as of 12:02, 15 May 2024
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| Company type | Public |
|---|---|
| PSX: ACPL | |
| Industry | Cement manufacturing |
| Founded | 1981 |
| Founder | Ghaith Pharaon |
| Headquarters | Karachi, Pakistan |
Key people |
|
| Products |
|
| Parent | Pharaon Investment Group Limited Holding S.A.L. |
| Website | attockcement |
Attock Cement Pakistan Limited, (Urdu: اٹک سیمنٹ) doing business as as Falcon Cement, It was incorporated in Pakistan on October 14, 1981 as a public limited company. It is a subsidiary of Pharaon Investment Group Limited Holding S.A.L, Lebanon.
Atock Cement is listed on the Pakistan Stock Exchange.[1][2]
History
Attock Cement was established in 1981 and commercial production starting in 1988 with a capacity of 0.6 million tons per annum. Attock cement is popularly known by its brand name Falcon Cement in Pakistan, which is supplied mainly to the southern parts of the country (lower Punjab and upper Sindh areas) as well as abroad through the sea ports of Pakistan.[1][3]
In 2002, Attock Cement was listed on the Karachi Stock Exchange.[4]
Attock Cement went through a series of expansions, and now the company has a production capacity of 3 million tons annually as of 2018. Its market share in the south region is around 25 percent or more. The company is running three manufacturing plants at Hub, Balochistan facility with total production capacity of around 9 million tons per annum as of 2018.[1]
Iraq Grinding Plant
ACPL also made investment in a cement grinding unit in Iraq through a joint venture with the Iraq-based Al Keetan Commercial Agencies to form a subsidiary. ACPL holds 60 percent of the company. The mill has a capacity of 0.9 million tons.[1] In May 2023 the Attock Cement Company announced its intention to dell its Iraq operations to Iraqi interests.[5]
Product Profile
Attock Cement Pakistan Limited is principally engaged in manufacturing and sale of cement. The company is also engaged in exporting clinker and cement both in bags and bulk to the United Arab Emirates (UAE), Africa, Iraq, Sri Lanka and many other countries. The company also has the facility of supply of cement in bulk and also produces the low alkali cement for some regions of its market.[1][3]
Company products
- Falcon brand cement used in general construction[1][2]
- Sulfate resistant cement used in seaport and coastal areas because it provides resistance to chemical attack from sulfates and dissolved salts present in sea water[2]
Its products include Ordinary Portland Cement (OPC), which is a product under the Falcon Brand used in all types of general construction. OPC can be used in concretes, mortars, grouts and premix concrete.
The company's Falcon Block Cement (FBC) product is offered for block and precast slab makers.[2]
References
- ^ a b c d e f Profile of Attock Cement Pakistan Limited on Business Recorder (newspaper) Published 31 July 2019, Retrieved 20 September 2020
- ^ a b c d Business Summary of Attock Cement Pakistan Limited on MarketScreener.com website Retrieved 20 September 2020
- ^ a b Attock Cement Pakistan Limited on Business Recorder (newspaper) Published 30 January 2019, Retrieved 20 September 2020
- ^ https://www.dawn.com/news/40356/attock-cement-to-go-public
- ^ [1]
External links
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