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The Privatisation Commission (PC) has invited Expression of Interest (EOI)
from interested parties to privatise 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 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. Interested parties have been asked to
furnish their Expression of Interest (EOI) along with non-refundable
processing fee latest by 15:00 hours on 6th August, 2005
Interested parties should furnish their Expression of Interest (EOI) along
with non-refundable processing fee of Rs. 15,000/- only (Rupees fifteen
thousand only) in the form of Bank Draft, payable at Islamabad, in favour of
Privatisation Commission, Government of Pakistan in a sealed envelop marked
"Expression of Interest for Javedan
Cement Limited" latest by 15:00 hours on 6th August, 2005.
Note:
Interest parties submitting EOIs (as mentioned above):