Islamabad: Ghani Chem World Limited (GCWL) is poised to transform the local calcium carbide market with its new project, expected to significantly increase the company's market share to 90% locally. The first-of-its-kind, import-substitute facility at Hattar Special Economic Zone is in the final stages of commissioning, with trial production set to commence within the next few weeks.
The company, engaged in the chemical trading business for over 15 years, is preparing to launch its calcium carbide production with an annual capacity of 25,000 tons. This venture is anticipated to meet national demand and open new export avenues to Gulf countries, including the UAE, Saudi Arabia, and Bahrain, with explorations underway in African markets.
Financially, GCWL's fiscal year 2025 highlights include an operating loss of 12.92 million but a profit before and after taxation of 75.39 million, attributed largely to a share of profit from an associated company amounting to 88.30 million. The total assets of the company stand at 4.68 billion, supported by shareholders' equity of 3.52 billion.
According to information available from the Pakistan Stock Exchange (PSX), GCWL's earnings per share are reported at 1.45, despite non-existent sales and gross profit for the period. The company's non-current and current assets are valued at 3.88 billion and 805.46 million, respectively, with total liabilities amounting to 1.16 billion.
The domestic market for calcium carbide, precipitated calcium carbonate, and lime continues to grow, driven by demand from construction, manufacturing, agriculture, and chemical industries. The products serve distinct sectors, creating opportunities for import substitution and regional exports. Key revenue drivers in Pakistan for calcium carbide include demand from acetylene gas production, metallurgy, chemical synthesis, and exports to neighboring countries like Afghanistan.
GCWL's calcium carbide project will serve as a critical input for various industrial processes, contributing to infrastructure development and industrial expansion across Pakistan. This initiative aligns with the company's broader strategy to mitigate business risks through energy-efficient production, environmental compliance, and market diversification.
As commissioning progresses under the guidance of Chinese and European experts, GCWL remains focused on adhering to modern technological standards. The project is set to commence commercial operations within the next few weeks, marking a significant milestone in the company's efforts to bolster Pakistan's industrial landscape and economic growth.