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The Privatisation Commission (PC) has received 43 Expression of Interest (EOI)
from interested parties for the privatisation of Javedan Cement Limited (JCL)
on an "AS IS WHERE IS" basis through the sale of its 96.34 % shares held by
State Cement Corporation of Pakistan (Pvt.) Ltd. (SCCP) the holding Company.
JCL is a public limited company listed on Karachi Stock Exchange since 1962
and registered under the Companies Ordinance 1913 (now Companies Ordinance
1984). JCL is located north of Karachi over an area of 1200 acres in the
Manghopir hills alongwith 3159 acres of Mining lease land (Quarry).
The Compay started the production of cement in 1964 with 500 tonnes per day
capacity and currently the rated capacity of the plant is 600,000 tonnes per
annum. The plant is based on the latest technology of cement manufacturing
involving suspension pre-heater and short dry process kiln. Presently JCL has
three kilns including the first dry process plant installed in Pakistan in
1980.
Its main products include Ordinary Portland cement, Slag cement and Sulphate
resistant cement. While its Inputs/Raw Material include Lime Stone,
Clay/Shale, Iron Ore, Gypsum, and Slag.
The parties who submitted EOIs include 1. AKD Capital Ltd, 2. Al-Abass Group
of Companies, 3. Al-Hamza Ship Breaking Company, 4. Al-Karam Textile Mills (Pvt)
Ltd, 5. Alloy Steel Company, 6. Al-Munaf Steel Corporation, 7. Alpha Gamma
Technologies Inc, 8. Amer Mahmood (Snr Manager Fin), 9. Aqeel Karim Dhedhi
Securities, 10. Associated Group, 11. Atlas Investment Bank Ltd, 12. Bestway
Cement Ltd, 13. Candyland Confectionary Division, 14. Cherat Cement Company
Ltd, 15. Crescent Powertec Ltd, 16. D.G.Khan Cement Company Ltd, 17. Equipment
Technologies Ltd, 18. Fatima Enterprises Ltd (Textile Unit), 19. Gulistan
Group of companies, 20. Habib & Sons (pvt) Ltd, 21. Haji Ghani Usman & Group,
22. Javed Kiyani (Director Chanar Sugar Mills), 23. Javedan Cement Employees
Management Group, 24. Multi Traders & Manufacturers, 25. Nassam Multi Links,
26.Newage Textile Pvt Ltd, 27. Noman Abid & Company, 28. Olympia Chemicals
Ltd, 29. Pacific Chartering & Trading Pvt Ltd, 30. Pakistan Kuwait Investment
Company Pvt Ltd, 31. PROCON (The Project Consultant), 32. Sadaf Enterprises,
33. Seatrade Group, 34. Shirazi Investment Pvt Ltd, 35. Siddiqsons Group, 36.
Silver Textile Factory, 37. Sophia Textile Pvt Ltd, 38. Suzuki Carvan Motors,
39. The Memon Group, 40. Three Star Group of Companies, 41. Unique Trading Co.
(Importers & Ship Breakers), 42. Usman Enterprises and Valibhai Kamruddin (SIND)
Pvt Ltd.