Cherat Cement has come out stronger and better at the end of the financial year 2016/2017. Your Company has grown and has proven that it has potential to sustain growth and profitability.
The most significant milestone for your Company this year is the setting up and beginning of production from Cement Line II. Line II began production in January 2017 and has increased the production capacity of the Company to 2.4 million tons per year.
The cement industry saw a growth of 3.71% through the year with an 8% increase in domestic demand. Introduction of CPEC and initiation of projects under the program along with increase in spending by the private sector on construction projects has given a major boost to the market and has in turn raised the domestic dispatches of Cherat Cement by 64% in this year. Production from Line II has helped achieve healthier sales figures and a greater share of the market as well.
We at Cherat believe in consistent growth and expansion. The Company envisions growth and hence growth for its stakeholders. Our goal is to stay on the track of sustainability that we have set for ourselves and accomplish even greater heights.