Pakistan's Popular Group acquires Dadabhoy Cement

Popular Group of Pakistan has officially announced the purchase of a private-sector cement manufacturing facility in Sindh province of Pakistan.
 
The announcement says, "It is hereby notified for the information of general public that Dadabhoy Cement Factory has been purchased by Popular Group, and now its name has been changed to Popular Cement Industries (Pvt) Ltd."
 
Popular Cement Industries will start its cement production soon, the announcement concludes. The company's plant in Dadu district, Sindh province, has been closed for several years following the alleged default of local financial institutions. Dadabhoy Cement had run losses for a number of years, acording to company reports.
 
Dadabhoy Cement’s plant currently has a capacity of 2800tpd.