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The Privatisation Commission ('PC') has invited Expression of Interest (EOI)
from prospective investors (Mechanical Engineering and or Industrial Companies
and groups, consortium of investors who can demonstrate their ability to own,
efficiently manage and operate the Company) for acquisition of minimum 90%
shares of Heavy Mechanical Complex ('HMC') together with management control on
an `as is, where is' basis.
HMC is country's pioneer heavy engineering concern having capability for
designing, engineering and manufacturing of capital machinery, industrial
plant equipment and other engineering goods. It is located in the prime
industrial hub at Taxila, 35km north of Islamabad. The Mechanical Works
commenced commercial operations during 1971 whereas Foundry & Forge Works
started production during 1978. Both the works were, however, merged during
1989. The facilities include Fabrication, Machining, Foundries, Forging,
Heat Treatment, Galvanizing & Auxiliary shops. A well-established Design
Centre with CAD/CAE facilities is also available. The products of HMC conform
to international quality standards. HMC has been authorized to use four (4)
ASME stamp codes for Boilers, Pressure Vessels, Pipings etc. The company is
ISO-9001 certified.
The company's product mix covers sugar and cement plants, chemical/ petroleum,
oil/gas processing plants, thermal power plant equipment, mini and micro hydel
power plant equipment, road construction machinery, railway equipment,
overhead electric traveling cranes, boilers, pressure vessels, heat
exchangers, heavy to medium iron & steel castings, steel billets, heavy to
medium free as well as closed die forgings.
As a result of sustained improvement in Pakistan's macro economic environment,
the demand for capital machinery and heavy equipment in the country is
growing. The operational flexibility of plant machinery installed at HMC, and
its state-of-the-art design and engineering capabilities thus allow
diversification of activities of the company to cover industry, power, water,
energy, agriculture and infrastructure sectors, meeting specific
domestic and export requirements.
Investors interested in joining the process have been asked to submit an
Expression of Interest ('EOI') (in duplicate) together with a non-refundable
processing fee of US$ 5,000/- or PKR 300,000/. by April 30, 2006. Preliminary
information on HMC is available on the website: www.privatisation.gov.pk
Information Memorandum, Bid Documents and Time Frame for the Pre-Bid
conference and bidding date will be provided to Pre-qualified parties only.