Bestway Cement

Bestway Cement Limited (بیسٹ وے سیمنٹ لمیٹڈ) is a Pakistani building materials company which is a subsidiary of British company Bestway Group.[1] The company is based in Islamabad, Pakistan.

Bestway Cement
Native name
بیسٹ وے سیمنٹ لمیٹڈ
TypePublic
PSX: BWCL
IndustryCement
Founded1993 (1993)
HeadquartersIslamabad, Pakistan
ParentBestway Group
Websitewww.bestway.com.pk

It was founded in 1993 and is listed on the Pakistan Stock Exchange.[1]

History

In September 2005, Bestway bid for 85.29 percent equity of Mustehkam Cement Limited under the Privatization Scheme and acquired the company for $70.0 million.[2]

In November 2013, the Mustehkam Cement was merged with Bestway Cement.[2]

In April 2015, the company acquired Lafarge Pakistan and its plant in Kallar Kahar, Chakwal, Punjab for US$329 million.[3]

In June 2018, the company expanded its capacity by 1.8 million tons.[4]

In May 2021, Bestway Cement announced it will establish greenfield plant in Mianwali having capacity of 7,200 tons. It will include a 9MW waste heat recovery plant.[5][6]

References
  1. "Bestway Cement Limited – Business Recorder".
  2. "Mustehkam Cement merges with Bestway Cement". www.thenews.com.pk.
  3. Dhakku, Nabeel Anwar (April 24, 2015). "Bestway acquires Lafarge cement plant". DAWN.COM.
  4. "Bestway Cement starts production at new plant". The Express Tribune. June 1, 2018.
  5. Ahmed, Ali (2021-05-27). "Bestway Cement announces greenfield plant in Mianwali". Brecorder. Retrieved 2021-05-27.
  6. "Bestway Cement to build new cement plant in Mianwali". Global Cement. 28 May 2021.
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