Bestway Cement Limited: Announces Brownfield Expansion of 6,000 tons/day - By IIS Research

<p></p><ul><li><span style="font-size:medium;">As per disclosures made by Bestway Cement (BWCL), the company has signed contracts with Sinoma International Engineering Company for the procurement of equipment for a new line with capacity of 6,000 tons/day. The company&rsquo;s existing capacity is 8.07 million MT per annum which will increase to 9.96 million MT after installation of this brown field expansion. Going by the history of other companies, we expect the cement line to be operational in about 2.5 years by August 2019. We expect the new line to add incremental earnings of about PKR 2.86/5.15/6.74 in FY20/21/22 respectively.</span></li></ul><ul><li><span style="font-size:medium;">According to today&rsquo;s announcement, the Company has decided to set up a Brown Field cement plant at its Farooqia site which is located in KPK....