Jump to content

Fauji Cement: Difference between revisions

Add links
From Wikipedia, the free encyclopedia
Browse history interactively
← Previous edit
Content deleted Content added
VisualWikitext
correct dates
m →History: Typo fixing, replaced: comissioned → commissioned
 
(9 intermediate revisions by 3 users not shown)
Line 1: Line 1:
{{Short description|Pakistani cement manufacturer}}
{{Short description|Pakistani cement manufacturer}}
{{Infobox company
{{Infobox company
| name = Fauji Cement Company Limited
| name = Fauji Cement
| logo = Fauji Cement logo.jpg
| logo = Fauji Cement logo.jpg
| image =
| image =
| image_caption =
| image_caption =
| type = Public
| type = Public
| traded_as = {{karse|FCCL}}
| traded_as = {{karse|FCCL}} <br/> [[KSE 100 Index|KSE 100]] component <br/> [[KSE 30 Index|KSE 30]] component
| industry = Cement
| industry = [[Cement]]
| founded = 1992
| founded = 1992
| hq_location_city = [[Rawalpindi]]
| hq_location_city = [[Rawalpindi]]
| hq_location_country = Pakistan
| hq_location_country = Pakistan
| key_people = Qamar Haris Manzoor (CEO)
| key_people = Qamar Haris Manzoor ([[CEO]])
| products = [[Cement]]
| products = [[Cement]]
| production = 11,000 tons/day
| production = 11,000 tons/day
Line 27: Line 27:
| parent = [[Fauji Foundation]]
| parent = [[Fauji Foundation]]
| website = {{URL|fccl.com.pk}}
| website = {{URL|fccl.com.pk}}
| footnotes = Financials {{as of|2023|6|30}} <ref name="AR2023">{{cite web|title=Fauji Cement Annual Report 2023|url=https://financials.psx.com.pk/lib/DownloadPDF.php?id=217064 |access-date=18 May 2024}}</ref>
| footnotes = Financials {{as of|2023|6|30|lc=y}} <ref name="AR2023">{{cite web|title=Fauji Cement Annual Report 2023|url=https://financials.psx.com.pk/lib/DownloadPDF.php?id=217064 |access-date=18 May 2024}}</ref>
}}
}}


'''Fauji Cement Company Limited''' ('''FCCL''') is a Pakistani [[cement]] manufacturer in headquartered in [[Rawalpindi]].
'''Fauji Cement Company Limited''' ('''FCCL''') is a Pakistani [[cement]] manufacturer headquartered in [[Rawalpindi]]. It is the third largest cement manufacturer in Pakistan.<ref name="auto1">{{Cite web|url=https://profit.pakistantoday.com.pk/2024/10/21/fauji-and-askari-cement-merged-two-years-ago-how-has-the-merger-worked-out/|title=Fauji and Askari Cement merged two years ago. How has the merger worked out?|first=Zain|last=Naeem|date=October 21, 2024|website=Profit by Pakistan Today}}</ref>


==History==
==History==
Fauji Cement Company Limited was incorporated in Pakistan on November 23, 1992 and began its operations on May 22, 1993. It started with a daily production capacity of 3700 tons, which has since expanded to 11000 tons per day.<ref>{{Cite web|url=https://thecement.pk/fauji-cement-announces-to-setup-greenfield-cement-manufacturing-plant-in-punjab/|title=Fauji Cement announces to setup Greenfield Cement Manufacturing Plant in Punjab – THE CEMENT|date=February 19, 2021}}</ref>
Fauji Cement Company Limited was founded as a publicly traded corporation and initiated operations in 1996.<ref>{{Cite web|url=https://khistocks.com/market-live/companies-live/detailed-view/FCCL.html|title=Karachi Stocks &#124; Live FCCL|website=khistocks.com}}</ref> It started with a daily production capacity of 3700 tons, which has since expanded to 11000 tons per day.<ref>{{Cite web|url=https://thecement.pk/fauji-cement-announces-to-setup-greenfield-cement-manufacturing-plant-in-punjab/|title=Fauji Cement announces to setup Greenfield Cement Manufacturing Plant in Punjab – THE CEMENT|date=February 19, 2021}}</ref>


⚫
In May 2016, one of FCCL's facilities experienced significant damage, which was projected to result in a loss of billions of rupees for the company.<ref>{{Cite web|url=https://tribune.com.pk/story/1113109/structure-collapses-fauji-cement-plant-suffers-damage-billions-may-lost|title=Fauji Cement plant suffers damage, billions may be lost|date=May 30, 2016|website=The Express Tribune}}</ref>
==Recent developments==

===Expansion in Nizampur and DG Khan===
In 2022, FCCL embarked on two expansion projects, propelling the company to become the second-largest cement producer in the North region and the third-largest in Pakistan. The company broadened its operations at the Nizampur site in Khyber Pakhtunkhwa and the DG Khan site in Punjab.<ref name="auto">{{Cite web|url=https://www.brecorder.com/news/40204197|title=Fauji Cement expansion will make it Pakistan's 3rd largest cement manufacturer|first=BR Web|last=Desk|date=October 20, 2022|website=Brecorder}}</ref> The Nizampur expansion, which added 2.05 million tons, was operational in the 4th quarter of 2022.<ref>{{Cite web|url=https://www.cemnet.com/News/story/174732/fauji-cement-co-to-become-pakistan-s-third-largest-cement-producer.html|title=Fauji Cement Co to become Pakistan's third-largest cement producer|date=April 25, 2023|website=International Cement Review}}</ref> The total cost of the project was Rs27 billion, with Rs17 billion financed through debt and Rs10 billion through equity. The DG Khan expansion, also adding 2.05 million tons, is anticipated to be operational in the 3rd quarter of 2024.<ref name="auto"/>
In 2022, FCCL commissioned on two expansion projects, propelling the company to become the second-largest cement producer in the North region and the third-largest in Pakistan. The company broadened its operations at the Nizampur site in Khyber Pakhtunkhwa and the DG Khan site in Punjab.<ref name="auto">{{Cite web|url=https://www.brecorder.com/news/40204197|title=Fauji Cement expansion will make it Pakistan's 3rd largest cement manufacturer |date=October 20, 2022|website=Brecorder}}</ref> The Nizampur expansion, which added 2.05 million tons, was operational in the 4th quarter of 2022.<ref>{{Cite web|url=https://www.cemnet.com/News/story/174732/fauji-cement-co-to-become-pakistan-s-third-largest-cement-producer.html|title=Fauji Cement Co to become Pakistan's third-largest cement producer|date=April 25, 2023|website=International Cement Review}}</ref> The total cost of the project was Rs27 billion, with Rs17 billion financed through debt and Rs10 billion through equity. The DG Khan expansion, also adding 2.05 million tons, is anticipated to be operational in the 3rd quarter of 2024.<ref name="auto"/>


===Commissioning of the 3rd line of cement manufacturing===
On October 27, 2022, FCCL effectively brought into operation the 3rd line of cement production, boasting a daily clinker production capacity of 6,500 tons, at its existing Nizampur site in Nowshera, Khyber Pakhtunkhwa.<ref>{{Cite web|url=https://propakistani.pk/2022/10/27/fauji-cement-adds-new-production-unit-to-increase-cement-production/|title=Fauji Cement Adds New Production Unit to Increase Cement Production}}</ref><ref>{{Cite web|url=https://www.cemnet.com/News/story/173698/fauji-cement-commissions-nizampur-line-3.html|title=Fauji Cement commissions Nizampur Line 3|date=October 28, 2022|website=International Cement Review}}</ref>
On October 27, 2022, FCCL effectively brought into operation the 3rd line of cement production, boasting a daily clinker production capacity of 6,500 tons, at its existing Nizampur site in Nowshera, Khyber Pakhtunkhwa.<ref>{{Cite web|url=https://propakistani.pk/2022/10/27/fauji-cement-adds-new-production-unit-to-increase-cement-production/|title=Fauji Cement Adds New Production Unit to Increase Cement Production}}</ref><ref>{{Cite web|url=https://www.cemnet.com/News/story/173698/fauji-cement-commissions-nizampur-line-3.html|title=Fauji Cement commissions Nizampur Line 3|date=October 28, 2022|website=International Cement Review}}</ref>


⚫
In November 2021, Fauji Cement Company Limited (FCCL) underwent a merger with [[Askari Cement]], a subsidiary of the [[Army Welfare Trust]].<ref name="auto1"/> The FCCL Board of Directors gave their approval for the integration of Askari Cement Ltd. into its operations through a scheme of arrangement. The consolidation occurred based on a share swap ratio of 5:1, implying that for every 1 share held in Askari Cement Limited, 5 shares of Fauji Cement Company Limited were issued.<ref>{{Cite web|url=https://propakistani.pk/2021/11/18/askari-cement-to-merge-into-fauji-cement/|title=Askari Cement to Merge into Fauji Cement}}</ref><ref>{{Cite web|url=https://www.bolnews.com/business/2021/11/askari-cement-merges-into-fauji-cement-in-a-share-exchange-deal/|title=Askari Cement merges into Fauji Cement in a share exchange deal|first=Shaista|last=Zafar|date=November 18, 2021}}</ref><ref>{{Cite web|url=https://www.thenews.com.pk/print/909796-fccl-announces-merger-with-askari-cement-limited|title=FCCL announces merger with Askari Cement Limited|website=www.thenews.com.pk}}</ref>
===Greenfield cement plant===
FCCL has also established a new Greenfield manufacturing facility in the city of Khyber Pakhtunkhwa, DG Khan. This plant is anticipated to boost cement production.<ref>{{Cite web|url=https://propakistani.pk/2021/02/19/fauji-cement-to-set-up-new-plant-in-dg-khan/|title=Fauji Cement to Set Up New Plant in DG Khan}}</ref>

==Achievements==
FCCL has been recognized for its achievements and contributions to the cement industry. In December 2022, FCCL honored 22 distributors involved in cement sales, exports, and logistic support with awards for their exceptional performance during the fiscal year 2021–22.<ref>{{Cite web|url=https://www.app.com.pk/business/22-cement-companies-awarded-best-annual-performance/|title=22 cement distributors receive annual FCCL performance awards|first=Munir|last=Hussain|date=December 8, 2022}}</ref>

==Challenges==
⚫
In May 2016, one of FCCL's facilities experienced significant damage, which was projected to result in a loss of billions of rupees for the company.<ref>{{Cite web|url=https://tribune.com.pk/story/1113109/structure-collapses-fauji-cement-plant-suffers-damage-billions-may-lost|title=Fauji Cement plant suffers damage, billions may be lost|date=May 30, 2016|website=The Express Tribune}}</ref>

==Merger with Askari Cement==
⚫
In November 2021, Fauji Cement Company Limited (FCCL) underwent a merger with [[Askari Cement]], a subsidiary of the [[Army Welfare Trust]]. The FCCL Board of Directors gave their approval for the integration of Askari Cement Ltd. into its operations through a scheme of arrangement. The consolidation occurred based on a share swap ratio of 5:1, implying that for every 1 share held in Askari Cement Limited, 5 shares of Fauji Cement Company Limited were issued.<ref>{{Cite web|url=https://propakistani.pk/2021/11/18/askari-cement-to-merge-into-fauji-cement/|title=Askari Cement to Merge into Fauji Cement}}</ref><ref>{{Cite web|url=https://www.bolnews.com/business/2021/11/askari-cement-merges-into-fauji-cement-in-a-share-exchange-deal/|title=Askari Cement merges into Fauji Cement in a share exchange deal|first=Shaista|last=Zafar|date=November 18, 2021}}</ref><ref>{{Cite web|url=https://www.thenews.com.pk/print/909796-fccl-announces-merger-with-askari-cement-limited|title=FCCL announces merger with Askari Cement Limited|website=www.thenews.com.pk}}</ref>


==References==
==References==
Line 58: Line 47:


{{Fauji Foundation}}
{{Fauji Foundation}}
{{KSE 100}}
{{KSE 30}}


[[Category:Cement companies of Pakistan]]
[[Category:Cement companies of Pakistan]]

Latest revision as of 09:05, 29 October 2024

Fauji Cement
Company typePublic
PSX: FCCL
KSE 100 component
KSE 30 component
IndustryCement
Founded1992
Headquarters
Rawalpindi
,
Pakistan
Area served
Pakistan
Key people
Qamar Haris Manzoor (CEO)
ProductsCement
Production output
11,000 tons/day
RevenueIncrease Rs. 68.069 billion (US$240 million) (2023)
Increase Rs. 16.017 billion (US$55 million) (2023)
Increase Rs. 7.439 billion (US$26 million) (2023)
Total equityIncrease Rs. 65.176 billion (US$230 million) (2023)
ParentFauji Foundation
Websitefccl.com.pk
Footnotes / references
Financials as of 30 June 2023 [1]

Fauji Cement Company Limited (FCCL) is a Pakistani cement manufacturer headquartered in Rawalpindi. It is the third largest cement manufacturer in Pakistan.[2]

History

[edit]

Fauji Cement Company Limited was founded as a publicly traded corporation and initiated operations in 1996.[3] It started with a daily production capacity of 3700 tons, which has since expanded to 11000 tons per day.[4]

In May 2016, one of FCCL's facilities experienced significant damage, which was projected to result in a loss of billions of rupees for the company.[5]

In 2022, FCCL commissioned on two expansion projects, propelling the company to become the second-largest cement producer in the North region and the third-largest in Pakistan. The company broadened its operations at the Nizampur site in Khyber Pakhtunkhwa and the DG Khan site in Punjab.[6] The Nizampur expansion, which added 2.05 million tons, was operational in the 4th quarter of 2022.[7] The total cost of the project was Rs27 billion, with Rs17 billion financed through debt and Rs10 billion through equity. The DG Khan expansion, also adding 2.05 million tons, is anticipated to be operational in the 3rd quarter of 2024.[6]

On October 27, 2022, FCCL effectively brought into operation the 3rd line of cement production, boasting a daily clinker production capacity of 6,500 tons, at its existing Nizampur site in Nowshera, Khyber Pakhtunkhwa.[8][9]

In November 2021, Fauji Cement Company Limited (FCCL) underwent a merger with Askari Cement, a subsidiary of the Army Welfare Trust.[2] The FCCL Board of Directors gave their approval for the integration of Askari Cement Ltd. into its operations through a scheme of arrangement. The consolidation occurred based on a share swap ratio of 5:1, implying that for every 1 share held in Askari Cement Limited, 5 shares of Fauji Cement Company Limited were issued.[10][11][12]

References

[edit]
  1. ^ "Fauji Cement Annual Report 2023". Retrieved 18 May 2024.
  2. ^ a b Naeem, Zain (October 21, 2024). "Fauji and Askari Cement merged two years ago. How has the merger worked out?". Profit by Pakistan Today.
  3. ^ "Karachi Stocks | Live FCCL". khistocks.com.
  4. ^ "Fauji Cement announces to setup Greenfield Cement Manufacturing Plant in Punjab – THE CEMENT". February 19, 2021.
  5. ^ "Fauji Cement plant suffers damage, billions may be lost". The Express Tribune. May 30, 2016.
  6. ^ a b "Fauji Cement expansion will make it Pakistan's 3rd largest cement manufacturer". Brecorder. October 20, 2022.
  7. ^ "Fauji Cement Co to become Pakistan's third-largest cement producer". International Cement Review. April 25, 2023.
  8. ^ "Fauji Cement Adds New Production Unit to Increase Cement Production".
  9. ^ "Fauji Cement commissions Nizampur Line 3". International Cement Review. October 28, 2022.
  10. ^ "Askari Cement to Merge into Fauji Cement".
  11. ^ Zafar, Shaista (November 18, 2021). "Askari Cement merges into Fauji Cement in a share exchange deal".
  12. ^ "FCCL announces merger with Askari Cement Limited". www.thenews.com.pk.
Retrieved from "https://en.wikipedia.org/enwiki/w/index.php?title=Fauji_Cement&oldid=1254074566"