Gharibwal Cement has received a new quarry licence in the Haripur District of Khyber-Pakhkunkhwa (KP) in Pakistan to supply a new cement plant. The quarry will extract limestone and shale clay.
“This will help the future expansion plants of the company in coming years as decided by the board of directors,” the company said in a release to the Pakistan Stock Exchange.
The licence, which was approved by the KP Mines and Minerals Department, follows news that the government of KP had recently awarded 14 licences to establish cement plants in the province.
Headquartered in Lahore, Gharibwal currently operates a plant in Ismailwal in the province of Punjab. The 2.1 million t capacity plant represents about 5% of Pakistan’s total.
Cement demand in Pakistan is booming on the back of construction activities associated with the China-Pakistan Economic Corridor (CPEC). As a result, cement makers are investing heavily in new capacity, bringing around 20 million t online to raise total capacity to 65 million t.
KP has emerged as a centre for cement plant construction with a number of projects already announced. Bestway Cement said in early March that it would build a new brownfield cement plant at Farooqia with a capacity of 6000 tpd of clinker, while Cherat Cement is to build a 7100 tpy clinker production line at Nowshera.
In early February, UK-based Asian Previous Minerals said it would develop a new cement plant in KP at a cost of US$400 million.