April 17, 2019 (MLN): Power Cement Limited has submitted its progress report for the quarter ended March 31, 2019, on the implementation of the expansion plan to install a new line of 7700 TPD at Company’s existing site.
As per a notification issued by the Company to Pakistan Stock Exchange (PSX) on Wednesday, the complete plant has been imported. Moreover, the contract for the civil construction was awarded to a well-known Chinese contractor CECC Tianjin (Pakistan) Electric Power Construction (Pvt.) Limited. The contractor is fully mobilized at the plant site and up to now, 97% of the civil works are completed.
In addition to this, Mechanical and Electrical drawings are complete. So far, 30% of the erection work has been completed. The design phase of the new 40 MW Grid Station and its column bar fixing has been completed, civil work has started and related shipments except transformers have been arranged at site and installed. Lightening protection work is under progress.
During early 2017, Equipment supply and supervision contracts were signed with FLSmidth (world renowned cement plant manufacturer based in Copenhagen, Denmark) and LCs were established in 2017. Construction and Erection Contract had also been finalized with TEPC (a Chinese Company) and the Company has since then been working actively to complete the project within due timelines.
Once the said expansion is complete, PCL will be one of the most cost efficient cement manufacturers of Pakistan and the second largest cement producer in the South Zone, having an annual production capacity of 3.5 million tons. The plant has proximity to Karachi and Interior Sindh.
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