Cement Firm Expands Iraq Operations

By John Lee.

Pakistan’s Lucky Cement has announced plans to increase capacity at its grinding unit in Iraq.

In a statement to the stock market, the company said that together with its Joint Venture partner, it will to increase its existing cement grinding capacity from 0.871 million tons to 1.742 million tons per annum.

This expansion is to be financed by internally generated cash-flows of the existing grinding unit.

(Source: Lucky Cement)

(Picture: Muhammad Ali Tabba, CEO of Lucky Cement)

Comments are closed.