Pakistan’s Attock Cement potential sale options

Several companies have signalled their interest in bidding for the 84.06% share of the Pharaon Investment Group from Lebanon in Attock Cement Pakistan Limited (ACPL), also known as Falcon Cement.

The company has its main location in Hub, Balochistan, operating four production lines with a combined capacity of 4.3 Mta since April 2024. 

In the first 9 months in FY 24/25 the production of cement and clinker increased, while the capacity utilisation declined to 62%. 

Anyhow, the company is operating in an attractive market and accordingly there are several cement investors interested in buying the shares, including newcomer Alpha Cement as well as Fauji and Cherat, while Bestway decided to exit the race.