Attock Invests in Cement Grinding Unit

By John Lee.

Pakistan-based Attock Cement (PSX: ACPL) has reportedly made investments in a cement grinding unit in Iraq.

According to Business Recorder, the investment was made via a joint venture with the Iraq-based Al Geetan Commercial Agencies to form a subsidiary, a limited liability company.

Attock’s holds 60 percent of the company. The mill has a capacity of 0.9 million tons at a cost of $24 million.

(Source: Business Recorder)

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