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News Fauji Cement takes US$212m loan for cement plant expansions

Fauji Cement takes US$212m loan for cement plant expansions

Written by Global Cement Staff 06 January 2022
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Pakistan: Fauji Cement has taken out a loan of US$212m from a consortium lead by Habib Bank Limited. The Business Recorder newspaper has reported that the funding will go towards cement plant expansion projects with a total cost of US$339m. Fauji Cement plans to expand its plant in Dera Ghazi Khan, Punjab, while its subsidiary Askari Cement plans to expand its plant in Nizampur, Khyber Pakhtunkhwa. The company says that the projects will together increase its installed cement production capacity to 10Mt/yr.

Last modified on 12 January 2022
Published in Global Cement News
Tagged under
  • bank
  • Loan
  • Pakistan
  • Fauji Cement
  • Askari Cement
  • Habib Bank
  • Expansion
  • Investment
  • Finance
  • funding
  • GCW539

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