At the licence distribution ceremony, Chief Minister Pervez Khattak claimed the initiative would bring in around US$2.5 billion of investment into the province. Khattak also indicated there would be further licences announced.
Pakistan’s cement demand is booming on the back of infrastructure development associated with the China-Pakistan Economic Corridor.
A number of cement companies have already announced projects to expand cement production capacity.
In early March, Bestway Cement announced plants to build a new brownfield cement plant at Farooqia in KP with a capacity of 6000 tpd of clinker. Cherat Cement also recently announced plans to build a new 7100 tpd clinker production line at Nowshera, KP, at a cost of around US$128.8 million.
In early February, UK-based Asian Precious Minerals said it would invest US$400 million in development a new cement plant in KP.
