Attock Cement Explained

Attock Cement Pakistan Limited (ur|اٹک سیمنٹ), doing business as Falcon Cement, is a Pakistani cement manufacturer headquartered in Karachi, with manufacturing plant in Hub, Balochistan. It was incorporated in Pakistan on 14 October 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.^{[2] [3]}

History

Attock Cement was established in 1981 and commercial production starting in 1988 with a capacity of 0.6 million tons per annum.^[2]

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.^{[2] [5]}

Former subsidiary

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.^[2] In May 2023 the Attock Cement Company announced its intention to sell its Iraq operations to Iraqi interests.^[6]

Products

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.^{[2] [7]}

• Falcon brand cement used in general construction^{[2] [3]}
• 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^[3]

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.^[3]

Notes and References

1. Web site: Attock Cement Annual Report 2024. 25 October 2024.
2. https://fp.brecorder.com/2019/07/20190731501687/ Profile of Attock Cement Pakistan Limited on Business Recorder
3. https://www.marketscreener.com/quote/stock/ATTOCK-CEMENT-PAKISTAN-LI-6498487/company/ Business Summary of Attock Cement Pakistan Limited on MarketScreener.com website
4. Web site: Attock Cement to go public. Dilawar. Hussain. 5 June 2002. DAWN.COM.
5. https://www.dawn.com/news/1324568
6. Web site: Attock Cement preparing to approve sale of grinding plant in Iraq. Global Cement. staff. 10 May 2023. www.globalcement.com.
7. https://fp.brecorder.com/2019/01/20190130443382/ Attock Cement Pakistan Limited on Business Recorder