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The Privatisation Commission (PC) is holding a pre-bid conference at Islamabad
on Tuesday (Tomorrow) on June 28, 2005 to privatise Mustehkam Cement Limited (MCL)
through the sale of 85.29 % shares held by the holding company SCCP. PC has
received forty-five (45) Expression of Interest (EOI) from prospective
investors and business houses in this regard. The pre-bid conference is being
held to respond to the investors' queries regarding the transaction and to
inform them about the bidding process.
The companies, which have submitted EOIs for Mustehkam Cement Company Limited
include 4B Industries, Abdali Brothers, Afzal Motors, Al-Abbas Group of
Companies, Al-Hamza Group of Companies, Ali Akbar Enterprises AGRO Division,
Alloy Steel Company, AMTEX Pvt. Ltd, Asgharali Group, Balochistan Glass Ltd,
Bestway Cement Ltd, BNP Grp, Colony Textile Mills Ltd, DAL Teknik Engineering
Group, Dewan Mushtaq Group, ELIXIR Securities Pakistan, Fauji Cement Company,
Fecto Cement Ltd, Ghazi Grp, Gulistan Group of Companies, Hunza Group of
Companies, Imran Pasha (pvt) Ltd, Ittehad Steel, Kohinoor Oil Mills, Lucky
Cement Ltd, Maple Leaf Cement Factory Ltd, National Group, Premimum Energy,
Saif Telecom Ltd, Sapphire Group, Sarawak Clinker Sdn. Bhd, Sarhad Textile
Mills Ltd, Shalimar Shoes Ltd, Silver Textile Factory, Subh-e-Noor, Swat
Ceramics Company Pvt Ltd, The Petrosin Grp , Usman Enterprises, Privliged
Developers Pvt Ltd, Pakistan Kuwait Investment Co Pvt Ltd, Three Stars Group
of Companies, Habib Alvi Group of Companies, CEMEX Asia Pvt Ltd, Cement
Friends Group and Pak Steel.
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 630,000 tons per annum. The
unit holds approx. 444 acres of land, while the factory area is approx. 146.3
acres. It was closed down in 1999 and employees were paid off GHS/VSS.