Pakistan: Fauji Cement Company Limited (FCCL) reports that it has become the country's third-largest cement producer by capacity, after expanding its annual production from 3.6Mt/yr to 10.6Mt/yr. The company achieved this through strategic mergers and capacity increases at its Nizampur and DG Khan plants, enhancing its industry presence and pushing into the southern market.
JS Global reports that FCCL's growth strategy includes a strong focus on cost optimisation. Operational efficiency has improved with a shift to more economical fuel sources, such as local and Afghan coal, and increased reliance on self-generated power, now at 60%. The addition of an 11MW solar plant in Nizampur and waste heat recovery plants has boosted FCCL's green energy capacity to 40MW, substantially lowering costs.
This strategy is expected to strengthen financial health in future quarters. Financial results for the second quarter of the 2024 financial year show profits of US$9.7m.
