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The Privatisation Commission is holding a pre-bid meeting at Islamabad for
the sale of 96.34 % shares of Javedan Cement Limited (JCL) on September 3,
2005 (Saturday) at 1100 hrs. The meeting is being organized to create better
understanding of the transaction and the bidding process and to respond to
the queries of the potential buyers.
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 along with 3159 acres of Mining lease land (Quarry).
The Company 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 include1. AKD Capital
Ltd, 2. Al-Abass Group of Companies, 3. Al-Hamza ShipBreaking 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.