By John Lee.
Pakistan’s Lucky Cement has announced a plan to build a greenfield clinker production facility in Samawah.
The plant will have a capacity of 1.2 million tons per annum, and will be set up as a joint venture project with the company’s existing local partner.
The company already has a cement grinding unit in Basra, which Iraq Business News understands is a 50/50 joint venture with the Al-Shawy family.
The project cost is estimated at $109 million and is subject to all regulatory/statutory approvals required under the law.
The project aims to start commercial production from the last quarter of calendar year 2019.
(Source: Lucky Cement)
(Picture: Muhammad Ali Tabba, CEO of Lucky Cement)