Karachi, Fauji Cement Company Limited informed Pakistan Stock Exchange that Maj Gen WasimSadiq, HI(M), (Retd) and DrNadeemInayat Directors of the Company have resigned from their positions as Directors of the Company with effect from February 25, 2019. Officers have been appointed by the Board as their replacement with effect from March 20, 2019.
Fauji Cement Company Limited is a public limited company
incorporated in Pakistan on November 23, 1992. The foundations of the company
are laid under the Companies Ordinance, 1984. The business commenced from May
22, 1993. The principal activity of the company is manufacturing and sale of
ordinary Portland cement. The shares of the company are quoted on the Karachi,
Islamabad and Lahore Stock Exchanges in Pakistan. The company’s registered
office is situated at Rawalpindi.
The cement plant of the company is located in Punjab. The annual production
capacity of the plant is 1.165 million tons of Cement. The company has a Refuse
Derived Fuel (RDF) Processing Plant which solves problem of Municipal Garbage
Disposal. Minimum 300-400 tons of garbage is being lifted from each garbage
dump located at Rawalpindi and Islamabad. In addition, the other important
advantages include reduced use of fossil fuel, lowering of green house gases in
the atmosphere and availability of compost fertilizer as a byproduct.
The symbol “FCCL” is being used by the stock exchanges for the shares of Fauji
Cement Company Limited.
