Fauji Cement

Pakistani cement manufacturer

Fauji Cement

Company type| Public

Traded as

| PSX: FCCL
Industry| Cement
Founded| 1992
Headquarters|

Rawalpindi

Pakistan

Area served

| Pakistan

Key people

| Qamar Haris Manzoor (CEO)
Products| Cement

Production output

| 11,000 tons/day
Revenue|  Rs. 68.069 billion (US$240 million) (2023)

Operating income

|  Rs. 16.017 billion (US$55 million) (2023)

Net income

|  Rs. 7.439 billion (US$26 million) (2023)
Total equity|  Rs. 65.176 billion (US$230 million) (2023)
Parent| Fauji Foundation
Website| fccl.com.pk
Footnotes / references
Financials As of 30 June 2023[update] [1]

Fauji Cement Company Limited (FCCL) is a Pakistani cement manufacturer headquartered in Rawalpindi.

## History[edit]

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.[2]

## Recent developments[edit]

### Expansion in Nizampur and DG Khan[edit]

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.[3] The Nizampur expansion, which added 2.05 million tons, was operational in the 4th quarter of 2022.[4] 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.[3]

### Commissioning of the 3rd line of cement manufacturing[edit]

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.[5][6]

### Greenfield cement plant[edit]

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.[7]

## Achievements[edit]

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.[8]

## Challenges[edit]

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.[9]

## Merger with Askari Cement[edit]

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.[10][11][12]

## References[edit]

1. ^ "Fauji Cement Annual Report 2023". Retrieved 18 May 2024.
2. ^ "Fauji Cement announces to setup Greenfield Cement Manufacturing Plant in Punjab – THE CEMENT". February 19, 2021.
3. ^ a b Desk, BR Web (October 20, 2022). "Fauji Cement expansion will make it Pakistan's 3rd largest cement manufacturer". Brecorder.
4. ^ "Fauji Cement Co to become Pakistan's third-largest cement producer". International Cement Review. April 25, 2023.
5. ^ "Fauji Cement Adds New Production Unit to Increase Cement Production".
6. ^ "Fauji Cement commissions Nizampur Line 3". International Cement Review. October 28, 2022.
7. ^ "Fauji Cement to Set Up New Plant in DG Khan".
8. ^ Hussain, Munir (December 8, 2022). "22 cement distributors receive annual FCCL performance awards".
9. ^ "Fauji Cement plant suffers damage, billions may be lost". The Express Tribune. May 30, 2016.
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.

* v
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Fauji Foundation

* Askari Bank
* Fauji Cement
* Fauji Fertilizer Company
* Fauji Foods
* Fauji Foundation Hospitals
* Foundation University Islamabad
* Foundation University Medical College
* Mari Petroleum

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