Bestway Cement Ltd (BCL) has started dispatches of cement from its new Farooqia Line II, having clinker capacity of 6000tpd, at Hattar in Khyber Pakhtunkhwa. Local supply commenced on 20 June, according to Sehar Husain, company secretary, in a notice to Pakistan Stock Exchange (PSX).
Performance in 9MFY18 (July 2017-March 2018)
BCL's cement production stood at 6.462Mt in 9MFY18, up by 13 per cent over last year's equivalent period. The local dispatches grew by 20 per cent, while exports declined by seven per cent, resulting in a net increase in cement dispatches of 16 per cent during this period.
In addition, Bestway's sale of clinker accounted for more than 62 per cent of clinker sales by the industry as a whole. Despite fierce competition, it successfully retained its share of the market in the north zone and its position as the largest cement producer and the market leader in the country.
