Pakistan (Muhammad Yasir) Pakistan’s main cement producer Fortunate Cement Restricted is happy to announce its strategic transfer to reinforce clinker manufacturing capability in Iraq. In keeping with the growing demand for cement in Iraq, pushed by the resurgence of financial exercise and a surge in building tasks, Fortunate Cement’s three way partnership firm with Al-Shumookh group, Najmat-Al-Samawah (NAS), has resolved so as to add a brand new clinker manufacturing line in Samawah, Iraq.
This enlargement will enhance the clinker manufacturing capability by a further 1.82 million tons every year (MTPA), reinforcing Fortunate Cement’s dedication to satisfy Iraq’s rising cement necessities and guarantee a sustainable provide of clinker for the Joint Enterprise cement grinding facility in Basra, Iraq.
NAS has just lately entered into an Engineering & Procurement Contract for the enlargement mission. The development exercise is slated to begin inside the first quarter of FY24 and is anticipated to be accomplished inside 18 months, showcasing the effectivity and promptness of Fortunate Cement’s execution capabilities.
With the inclusion of this new clinker line, Fortunate Cement’s general home and worldwide capacities will likely be considerably enhanced. The up to date capacities are as follows:
- Fortunate Cement Restricted, Pezu, Lakki Marwat: 10.25 MTPA (Totally built-in cement plant).
- Fortunate Cement Restricted, Karachi: 5.05 MTPA (Totally built-in cement plant).
- Nyumba Ya Akiba, Democratic Republic of Congo: 1.31 MTPA (Totally built-in cement plant).
- Al-Mabrooka Cement Firm, Basra, Iraq: 1.74 MTPA (Cement grinding plant).
- Najmat-Al-Samawah, Samawah, Iraq: 1.31 MTPA (Totally built-in cement plant).
- Najmat-Al-Samawah, Samawah, Iraq: 1.82 MTPA (New clinker line).
This strategic capability enlargement aligns with Fortunate Cement’s core worth of entrepreneurship, as the corporate seeks to diversify its portfolio of merchandise and companies. Along with cement operations, Fortunate Cement has a well-diversified enterprise portfolio encompassing vehicles, chemical substances & agri sciences, cell phone assembling, and vitality, together with captive energy vegetation. This diversification not solely enhances the standard of earnings but in addition delivers sustainable worth to its shareholders.
Fortunate Cement Restricted stays dedicated to offering superior merchandise, driving financial progress, and assembly the evolving wants of its prospects and companions. The enlargement of clinker manufacturing capability in Iraq additional reinforces Fortunate Cement’s place as a trusted and dependable companion within the cement business.