|
|
|
|
|
Privatisation Commission has invited Expression of Interest (EOI) from
prospective investors and business houses to privatise Mustehkam Cement
Limited (MCL) through the sale of 85.29 % shares held by the holding company
SCCP.
MCL is a public limited company listed on the stock exchange. The original
unit commenced its production in 1966, while the new unit started commercial
production in 1981. The company produced Portland cement. The plant is located
at Hattar, Haripur and has a rated capacity of 660,000 tons per annum. The
unit holds approx. 445 acres of land, while the factory area is 146.3 acres.
It was closed down in 1999 and employees were paid off GHS/VSS.
PC has asked the interested parties to submit their EOI for acquiring 85.29
% shares of MCL along with investor profile and a non-refundable processing
fee of Rs.15,000/- by Monday April 18, 2005. A summary profile can be obtained
free of coast from the Privatisation Commission. Prospective bidders can visit
the site on any working day or prior appointment with the Privatisation
Commission. Parties furnishing EOIs will be provided a detailed Information
Memorandum, Bid Documents and timeframe for the pre-bid conference and
bidding date.