Bestway Cement Limited has informed Pakistan Stock Exchange (PSX) on May 27 that because of the increasing demand for cement in the country, the Company has decided to set up a Greenfield cement plant with a capacity of 7,200tpd of clinker near Paikhel, District Mianwali, in Punjab Province.

Company Seceerraty, Sehar Husain, in material information to PSX added that plant would have a 9 MW Waste Heat Recovery Plant. To that end, the Company has entered into an agreement with Sinoma International Engineering Co., Limited, PR China for EPC.

In addition, all necessary regulatory approvals and financial arrangements have been secured. However, no time frame of completion was disclosed.

Bestway is the second-largest cement producer with six state-of-the-art production lines at four locations: Hattar, Farooqia, Chakwal and Kallar Kahar. Its total production capacity of 10.7Mta. It had remained the single largest exporter of cement to Afghanistan and India (Presently, export to India is suspended)