Board Meeting of Fauji Cement Company Limited - AsiaNet-Pakistan

Board Meeting of Fauji Cement Company Limited

December 12, 2017 | | Share:

Karachi, Fauji Cement Company Limited informed Pakistan Stock Exchange that Special Meeting of the Board of Directors was held at December 12, 2017 at 1045 hours. Meeting concluded at 1430 hours. Board of Directors accorded expansion approvals in principle and directed the management to complete the confirmatory studies for setting up of a Greenfield Project.

Fauji Cement Company Limited is a public limited company incorporated in Pakistan on November 23, 1992. The foundations of the company are laid under the Companies Ordinance, 1984. The business commenced from May 22, 1993. The principal activity of the company is manufacturing and sale of ordinary Portland cement. The shares of the company are quoted on the Karachi, Islamabad and Lahore Stock Exchanges in Pakistan. The company’s registered office is situated at Rawalpindi.

The cement plant of the company is located in Punjab. The annual production capacity of the plant is 1.165 million tons of Cement. The company has a Refuse Derived Fuel (RDF) Processing Plant which solves problem of Municipal Garbage Disposal. Minimum 300-400 tons of garbage is being lifted from each garbage dump located at Rawalpindi and Islamabad. In addition, the other important advantages include reduced use of fossil fuel, lowering of green house gases in the atmosphere and availability of compost fertilizer as a byproduct.

The symbol “FCCL” is being used by the stock exchanges for the shares of Fauji Cement Company Limited.

Category: Board Meetings