Page 41 - CCL AR 2017 Final

CEO’s Message

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.

Azam Faruque
Karachi: August 23, 2017 Chief Executive

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Annual
Report 2017