Lucky Cement to install latest technology plant with Rs. 20 billion investment

Pakistan’s leading cement producer, Lucky Cement Limited, is investing Rs. 20 billion for establishing a new, fully integrated green field cement manufacturing plant.

Lucky Cement is already operating two plants in the country, one at Pezu, Khyber Pakhtunkhwa and one in Nooriabad, Karachi. In these areas, Lucky Cement is not just running very successful plants, they are also thoroughly invested in local development. They are running schools, dispensaries, and are patrons of environmental programs as well.

The company is currently in the process of acquiring land for their plant which has been marked on the outskirts of Chakwal. On going activities include finalization of contracts with equipment suppliers which is expected to be done by the end of this year. The plant will become functional by 2018.

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The new project will be a fully integrated green field plant which means it will be constructed free from constraints of existing buildings. Reportedly, it will house the latest technology also used by Vertical Roller Mills, in-step with international standards. The plant will have a production capacity of 7000 tonnes per day which amounts to an impressive 2.3 million tonnes per year.

The announcement of a new cement plant comes as a part of the economic activity linked to the China Pakistan Economic Corridor. The plant is expected to fulfill the demands of the infrastructure and construction sector. Once the plant becomes functional it will open up around 5000 employment opportunities, particularly driving the economic activity for the people of Chakwal district.

Source – Daily Times