NOWSHERA: The Cherat Cement Factory is going to establish another plant in Paniala town in Dera Ismail Khan to provide employment opportunities to the local populace.
During a visit on Wednesday, chief executive Cherat Cement Factory Azam Farooq and senior director Sales Amir Farooq said that the management would soon lay the foundation stone of the factory in Paniala to meet the demand for the cement at the local level and export the commodity to the neighbouring countries. The staff members of management and provincial president Muttahida Labour Federation Iqbal Khan were also present.
They said that Ghulam Farooq Group of Companies was playing an important role in the development of the country, providing jobs to thousands of people and earning foreign exchange.
The speakers also said that the company had already announced the establishment of the greenfield plant in Khyber Pakhtunkhwa, which would cost Rs34 billion and its daily production would be 11,000 tons.
Azam Farooq and Amir Farooq said the plant would be completed within three and a notice had already been sent to the Pakistan Stock Exchange. They said that Cherat was a trademark as the company never compromised on the quality and standard of its products.
The sale of cement jumped when the construction sector was given incentives by the government to provide homes to the shelterless people in the country.
