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The Privatisation Commission (PC) is holding bidding to privatise Mustehkam
Cement Limited (MCL) through the sale of 85.29 % shares held by the holding
company SCCP and for the sale of Bolan Textile Mills Machinery at its
Conference Room at Islamabad on Thursday (Tomorrow) on September 15, 2005 at
1015 hrs.
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.
Bolan Textile Mills is a project of Iran Pakistan Industries (Pvt) Ltd (IPI)
situated at Baleli (near Quetta Airport), District Quetta, Baluchistan. The
machinery of Bolan Textile Mills (Spinning, Weaving, Processing and
Auxiliaries) is being offered on an "as is where is" basis through a
competitive process. The machinery is a part of fully integrated unit of
50,000 spindles, 1,100 looms with complete dyeing and finishing facilities of
around 80,000 meters per day production capacity of variable widths ranging
from 36" to 96". The plant started production in January 1980 but was closed
down in 1983.