Bestway Cement
| File:Bestway Cement logo.png | |
Native name | بیسٹ وے سیمنٹ لمیٹڈ |
|---|---|
| Type | Public |
| PSX: BWCL | |
| Industry | Cement |
| Founded | 1993 |
| Headquarters | Islamabad, Pakistan |
| Parent | Bestway Group |
| Website | www |
Bestway Cement Limited (بیسٹ وے سیمنٹ لمیٹڈ) is a Pakistani building materials company which is a subsidiary of British company Bestway Group.[1] The company is based in Islamabad, Pakistan.
It was founded in 1993 and is listed on the Pakistan Stock Exchange.[1]
History
In September 2005, Bestway bid for 85.29 percent equity of Mustehkam Cement Limited under the Privatization Scheme and acquired the company for $70.0 million.[2]
In November 2013, the Mustehkam Cement was merged with Bestway Cement.[2]
In April 2015, the company acquired Lafarge Pakistan and its plant in Kallar Kahar, Chakwal, Punjab for US$329 million.[3]
In June 2018, the company expanded its capacity by 1.8 million tons.[4]
In May 2021, Bestway Cement announced it will establish greenfield plant in Mianwali having capacity of 7,200 tons. It will include a 9MW waste heat recovery plant.[5][6]
References
- ^ a b "Bestway Cement Limited – Business Recorder".
- ^ a b "Mustehkam Cement merges with Bestway Cement". www.thenews.com.pk.
- ^ Dhakku, Nabeel Anwar (April 24, 2015). "Bestway acquires Lafarge cement plant". DAWN.COM.
- ^ "Bestway Cement starts production at new plant". The Express Tribune. June 1, 2018.
- ^ Ahmed, Ali (2021-05-27). "Bestway Cement announces greenfield plant in Mianwali". Brecorder. Retrieved 2021-05-27.
- ^ "Bestway Cement to build new cement plant in Mianwali". Global Cement. 28 May 2021.
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