Attock Cement
Attock Cement Pakistan Limited, branded as Falcon Cement, was incorporated in Pakistan on October 14, 1981 as a Public Limited Company. The company is a subsidiary of Pharaon Investment Group Limited Holding S.A.L, Lebanon. Its main business activity is manufacturing and sale of cement. It is listed on the Pakistan Stock Exchange, with its trading symbol ‘ACPL’.
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| Public | |
| Traded as | PSX: ACPL |
| Industry | Cement Manufacturing |
| Founded | 1981 |
| Founder | Gaith Rachad Pharaon |
| Headquarters | Karachi, Pakistan |
Key people |
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| Products |
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| Parent | Pharaon Investment Group Limited Holding S.A.L. |
| Website | www |
History
Attock Cement (PSX: ACPL), located in Hub, Balochistan, is one of the prominent manufacturers of cement with operations established in 1981 and commercial production starting in 1988 with a capacity of 0.6 million tons per annum. Attock cement is popularly known by its brand name Falcon, which is supplied mainly to the southern parts of the country as well as abroad through the sea port.
Through a series of expansions, with the latest line added in FY18, the company boasts a production capacity of 3 million tons. Its market share in the south region is around 25 percent or more. The company was started with an initial capital outlay of Rs 1.5 billion and a foreign exchange component of $45 million. The company is currently running three manufacturing plants at Hub, Balochistan facility with total production capacity of around 9 million tons per annum.
Iraq Grinding Plant
ACPL also made investment in a cement grinding unit in Iraq through a joint venture with the Iraq-based Al Keetan Commercial Agencies to form a subsidiary, a limited liability company. ACPL holds 60 percent of the company. The mill has a capacity of 0.9 million tons with an investment of $24 million.
Product Profile
Attock Cement Pakistan Limited is principally engaged in manufacturing and sale of cement. The Company is also engaged in exporting clinker and cement both in bags and bulk to the United Arab Emirates (UAE), Africa, Iraq, Sri Lanka and many other countries. The Company also has the facility of supply of cement in bulk and also produces the low alkali cement for some of its market.
Its products include Ordinary Portland Cement (OPC), which is a product under the Falcon Brand used in all types of general construction. OPC can be used in concretes, mortars, grouts and premix concrete.
It also offers Sulfate Resistant Cement (SRC), which is sold under falcon Brand and is used in sea and coastal areas and provides resistance to chemical attack from sulfates and dissolved salts present in sea and saline waters.
The Company's Falcon Block Cement (FBC) product is offered for block and precast slab makers.
Certifications
ACPL is the first and only company that has Quality Control Lab that has been accredited ISO 17025 by Pakistan National Accreditation Council. Moreover, it is also QMS ISO 9001:2015, EMS ISO 14001:2015 and OHSAS 18001-2007 certified.