956:
228:
205:
182:
159:
136:
365:, Punjab with a total investment of US$ 140 million. Civil works for Bestway Chakwal-I were initiated in January 2005, the kiln was fired in May 2006 and the plant went into production in June 2006. The local people claim that Bestway Group did not fairly compensate the previous owners of the land. A case was brought against Bestway Group and is pending in the
414:
having capacity of 7,200 tons. It will include a 9MW waste heat recovery plant. In June 2021, Bestway commissioned its first 14.3MW captive solar power unit at its integrated cement plant at
Farooqia, Khyber Pakhtunkhwa. The unit is part of a 50MW project deal that is planned to install solar units
391:
In July 2014, Bestway acquired
Lafarge's 75.86 percent stake in Lafarge Pakistan Cement Ltd for an enterprise value of US$ 329 million (€244 million). Lafarge Pakistan Cement Ltd operated a cement plant in the north of Pakistan which was established as Chakwal Cement, but was later acquired by
387:
In 2010, the production capacity of the former
Mustehkam Cement Limited plant was further enhanced to 1.1 million tonnes per annum at a total cost of US$ 70.0 million which was ultimately merged with Bestway Cement in 2013.
403:
In April 2015, Bestway invested US$ 30 million to build WHRP plant at Pakcem. In July 2015, the company inaugurated two WHRP Plants (6 MW and 7.5 MW) at its Hattar and
Farooqia plants in KPK Province of Pakistan.
381:
and acquired the company for $ 70.0 million. The deal was spearheaded by
Choudrey and became its third cement plant. In the post acquisition period the Group has invested in excess of US$ 50 million.
400:
in 2008 when it acquired
Orascom's cement operations worldwide. Bestway also acquired another 12.07% shares through a public offer, taking its shareholding in Lafarge Pakistan to 87.93%.
24:
384:
In June 2008, Bestway's fourth cement plant with a 1.8 million TPA capacity went into commercial production adjacent to the existing site in
Chakwal at a cost of US$ 180 million.
1507:
407:
In March 2017, Bestway announced plans to set up its third cement plant in
Haripur KPK Province. A year later, Bestway expanded its capacity by 1.8 million tons.
1257:
1522:
922:
818:
739:
908:
832:
775:
889:
1492:
757:
351:
in 1995 with an initial investment of US$ 120 million. Civil works started in
January 1996 and the Kiln was fired in April 1998.
1502:
1497:
614:
1517:
1512:
529:
952:
1422:
396:
in 2005, an
Egyptian conglomerate, which renamed it as Pakistan Cement Limited. Pakistan Cement Limited became part of
151:
944:
632:
1337:
1187:
846:
1312:
1122:
119:
722:"Cement: PAKISTAN CEMENT COMPANY LIMITED - Analysis of Financial Statements Financial Year 2004 - H 2001 2008"
1452:
1192:
358:. A year later, the plant's capacity was further enhanced to 1.3 million TPA at a cost of US$ 20 million.
1417:
1062:
1407:
1347:
1057:
694:
1352:
1287:
1277:
1097:
378:
366:
1377:
1132:
1107:
1007:
347:
of the United Kingdom in December 1993. The company built its first cement plant in Hattar, in the
1362:
1212:
1012:
327:
56:
1282:
1217:
987:
355:
432:
377:
In September 2005, Bestway bid for 85.29% of the equity of Mustehkam Cement Limited under the
1232:
1152:
937:
1462:
1297:
1222:
415:
at the cement producer's plant at Farooqia, Chakwal, Kallar Kahar and Hattar in Pakistan.
8:
1037:
992:
972:
348:
594:"SC wraps up Katas Raj case after cement factories agree to find alternate water source"
1367:
1357:
1147:
1137:
793:
1292:
1447:
1237:
1182:
1162:
1087:
1082:
554:"Bestway Cement Plant is the Largest Foreign Investment by an Expatriate Pakistani".
411:
397:
361:
In February 2004, Bestway set up its second plant with a 1.8 million TPA capacity in
1402:
1387:
1327:
1317:
930:
456:
220:
1262:
1172:
650:
1412:
1382:
1302:
1272:
1242:
1117:
1032:
266:
1486:
1322:
1167:
1092:
1047:
1022:
961:
344:
308:
271:
64:
50:
1442:
1437:
1332:
1307:
1267:
1227:
1207:
1177:
1102:
1072:
1027:
977:
865:
1457:
1432:
1427:
1252:
1157:
1127:
1112:
1002:
997:
982:
721:
492:
1342:
1202:
1142:
174:
511:
60:
23:
1077:
1067:
1052:
410:
In May 2021, Bestway announced it will establish greenfield plant in
316:
103:
676:
593:
574:
1247:
1017:
955:
471:
107:
493:"Cement: BESTWAY CEMENT LIMITED - Nine Months Ended March 31 2005"
1197:
909:"Bestway Cement commissions 14.3MW solar plant at Farooqia plant"
776:"Expanding foothold: Bestway takes control of Lafarge management"
393:
362:
320:
1397:
1392:
75:
197:
1372:
833:"Pakistan: Bestway Cement awards Sinoma brownfield project"
819:"Bestway Cement inaugurates two waste heat recovery plants"
245:
Bestway International Holdings Limited, Guernsey (56.43%)
530:"Bestway: the King in the North | Business Recorder"
123:
372:
282:
866:"Bestway Cement announces greenfield plant in Mianwali"
890:"Bestway Cement to build new cement plant in Mianwali"
758:"Lafarge est désormais propriétaire d'Orascom Cement"
573:Reporter, The Newspaper's Staff (August 21, 2018).
794:"Pakcem - Cement industry news from Global Cement"
1484:
1508:Companies listed on the Pakistan Stock Exchange
847:"Bestway Cement starts production at new plant"
633:"Bestway injects Rs1.25b into Mustehkam Cement"
472:"Bestway seeks strategic gain over competitors"
315:) is a Pakistani cement manufacturer based in
938:
615:"Mustehkam Cement merges with Bestway Cement"
457:"Bestway Cement Limited – Business Recorder"
326:It was founded in 1993 and is listed on the
1523:Pakistani subsidiaries of foreign companies
338:
945:
931:
575:"Cement unit barred from using pond water"
22:
740:"Lafarge Pakistan sold to Bestway Cement"
695:"Pakcem Ltd, PAKCEM:KAR summary - FT.com"
716:
714:
609:
607:
572:
298:Financials as of 30 June 2024
677:"Bestway acquires Lafarge cement plant"
675:Dhakku, Nabeel Anwar (April 24, 2015).
487:
485:
469:
1485:
674:
591:
451:
449:
926:
863:
711:
604:
425:
373:2005–present: Acquisitions and growth
509:
482:
446:
354:In 2001, Bestway was listed on the
343:Bestway Cement was incorporated by
312:
13:
237:(US$ 220 million) (2024)
214:(US$ 580 million) (2024)
145:(US$ 360 million) (2024)
14:
1534:
906:
510:Baig, Mariam Ali (2 March 2016).
470:Hussain, Dilawar (July 6, 2015).
191:(US$ 48 million) (2024)
168:(US$ 98 million) (2024)
1338:Pakistan Aluminium Beverage Cans
1188:International Industries Limited
954:
323:who own 56.43% of the business.
227:
226:
204:
203:
181:
180:
158:
157:
135:
134:
1493:1993 establishments in Pakistan
1123:FrieslandCampina Engro Pakistan
900:
882:
857:
839:
825:
811:
786:
768:
750:
732:
687:
668:
643:
625:
295:Footnotes / references
120:Zameer Choudrey, Baron Choudrey
592:Bhatti, Haseeb (May 8, 2018).
585:
566:
547:
522:
503:
463:
1:
1503:Companies established in 1993
1498:2001 initial public offerings
418:
1518:Cement companies of Pakistan
1513:Companies based in Islamabad
1193:International Steels Limited
433:"Bestway Annual Report 2024"
7:
87:; 31 years ago
10:
1539:
1058:Colgate-Palmolive Pakistan
333:
251:Bestway Foundation (3.91%)
1471:
968:
864:Ahmed, Ali (2021-05-27).
367:Supreme Court of Pakistan
293:
277:
265:
255:
241:
218:
195:
172:
149:
130:
113:
99:
81:
71:
48:
40:
30:
21:
1378:Pakistan Tobacco Company
1108:Fauji Fertilizer Company
562:(12): 49. December 1998.
512:"Supporting development"
339:1995–2005: Initial years
319:. It is a subsidiary of
1448:Unilever Pakistan Foods
1213:Kohinoor Spinning Mills
328:Pakistan Stock Exchange
988:Air Link Communication
907:staff, Global Cement.
356:Karachi Stock Exchange
305:Bestway Cement Limited
249:Dawood Pervez (6.30%)
247:Rizwan Pervez (6.79%)
1258:Mehmood Textile Mills
1233:Lucky Core Industries
1078:EFU General Insurance
1463:Yousuf Weaving Mills
1298:Nishat Chunian Power
913:www.globalcement.com
798:www.globalcement.com
379:Privatization Scheme
1178:Indus Motor Company
1118:First Habib Modarba
1038:Bannu Woollen Mills
851:The Express Tribune
780:The Express Tribune
764:. January 23, 2008.
728:. January 31, 2009.
637:The Express Tribune
349:Khyber Pakhtoonkhwa
257:Number of employees
18:
1474:As of October 2024
1418:Standard Chartered
1368:Pakistan State Oil
1358:Pakistan Petroleum
1348:Pakistan Oilfields
619:www.thenews.com.pk
16:
1480:
1479:
1363:Pakistan Services
1353:Pakistan Refinery
1288:National Refinery
1238:Maple Leaf Cement
1183:Interloop Limited
1098:Fatima Fertilizer
1088:Engro Fertilizers
1083:Engro Corporation
978:Adamjee Insurance
960:Companies of the
302:
301:
261:1,979 (2024)
1530:
1388:Punjab Oil Mills
1328:Pak-Gulf Leasing
1318:Packages Limited
1073:Dolmen City REIT
1008:Attock Petroleum
959:
958:
947:
940:
933:
924:
923:
917:
916:
904:
898:
897:
886:
880:
879:
877:
876:
861:
855:
854:
843:
837:
836:
829:
823:
822:
815:
809:
808:
806:
804:
790:
784:
783:
782:. 24 April 2015.
772:
766:
765:
754:
748:
747:
736:
730:
729:
718:
709:
708:
706:
705:
691:
685:
684:
672:
666:
665:
663:
662:
647:
641:
640:
629:
623:
622:
611:
602:
601:
589:
583:
582:
570:
564:
563:
551:
545:
544:
542:
541:
526:
520:
519:
507:
501:
500:
499:. July 26, 2005.
489:
480:
479:
467:
461:
460:
453:
444:
443:
441:
439:
429:
314:
289:
286:
284:
236:
234:
230:
229:
223:
213:
211:
207:
206:
200:
190:
188:
184:
183:
167:
165:
161:
160:
152:Operating income
144:
142:
138:
137:
95:
93:
88:
26:
19:
15:
1538:
1537:
1533:
1532:
1531:
1529:
1528:
1527:
1483:
1482:
1481:
1476:
1467:
1428:Systems Limited
1403:Searle Pakistan
1293:Nestlé Pakistan
1263:Millat Tractors
1173:JDW Sugar Mills
1148:HBL Growth Fund
1063:Dawood Hercules
1013:Attock Refinery
964:
953:
951:
921:
920:
905:
901:
888:
887:
883:
874:
872:
862:
858:
853:. June 1, 2018.
845:
844:
840:
835:. 2 March 2017.
831:
830:
826:
821:. 27 July 2015.
817:
816:
812:
802:
800:
792:
791:
787:
774:
773:
769:
756:
755:
751:
738:
737:
733:
720:
719:
712:
703:
701:
693:
692:
688:
673:
669:
660:
658:
649:
648:
644:
639:. 6 April 2011.
631:
630:
626:
613:
612:
605:
590:
586:
571:
567:
556:Economic Review
553:
552:
548:
539:
537:
536:. 4 August 2015
528:
527:
523:
516:Aurora Magazine
508:
504:
491:
490:
483:
468:
464:
455:
454:
447:
437:
435:
431:
430:
426:
421:
375:
341:
336:
297:
281:
258:
250:
248:
246:
232:
231:
219:
212:167.909 billion
209:
208:
196:
186:
185:
177:
163:
162:
154:
143:103.922 billion
140:
139:
116:
91:
89:
86:
63:
53:
33:
12:
11:
5:
1536:
1526:
1525:
1520:
1515:
1510:
1505:
1500:
1495:
1478:
1477:
1472:
1469:
1468:
1466:
1465:
1460:
1455:
1450:
1445:
1440:
1435:
1430:
1425:
1420:
1415:
1410:
1405:
1400:
1395:
1390:
1385:
1383:Pioneer Cement
1380:
1375:
1370:
1365:
1360:
1355:
1350:
1345:
1340:
1335:
1330:
1325:
1320:
1315:
1310:
1305:
1303:Nishat Chunian
1300:
1295:
1290:
1285:
1283:National Foods
1280:
1275:
1273:Murree Brewery
1270:
1265:
1260:
1255:
1250:
1245:
1243:Mari Petroleum
1240:
1235:
1230:
1225:
1223:Lotte Chemical
1220:
1218:Kot Addu Power
1215:
1210:
1205:
1200:
1195:
1190:
1185:
1180:
1175:
1170:
1165:
1160:
1155:
1150:
1145:
1140:
1135:
1130:
1125:
1120:
1115:
1110:
1105:
1100:
1095:
1090:
1085:
1080:
1075:
1070:
1065:
1060:
1055:
1050:
1045:
1043:Bestway Cement
1040:
1035:
1033:Bank of Punjab
1030:
1025:
1020:
1015:
1010:
1005:
1000:
995:
990:
985:
980:
975:
969:
966:
965:
950:
949:
942:
935:
927:
919:
918:
899:
896:. 28 May 2021.
881:
856:
838:
824:
810:
785:
767:
749:
731:
710:
699:Markets.ft.com
686:
667:
642:
624:
603:
584:
565:
546:
521:
502:
481:
462:
445:
423:
422:
420:
417:
374:
371:
340:
337:
335:
332:
300:
299:
291:
290:
279:
275:
274:
269:
263:
262:
259:
256:
253:
252:
243:
239:
238:
235:63.059 billion
224:
216:
215:
201:
193:
192:
189:13.768 billion
178:
173:
170:
169:
166:28.223 billion
155:
150:
147:
146:
132:
128:
127:
117:
114:
111:
110:
101:
97:
96:
83:
79:
78:
73:
69:
68:
54:
49:
46:
45:
42:
38:
37:
34:
31:
28:
27:
17:Bestway Cement
9:
6:
4:
3:
2:
1535:
1524:
1521:
1519:
1516:
1514:
1511:
1509:
1506:
1504:
1501:
1499:
1496:
1494:
1491:
1490:
1488:
1475:
1470:
1464:
1461:
1459:
1456:
1454:
1451:
1449:
1446:
1444:
1441:
1439:
1436:
1434:
1431:
1429:
1426:
1424:
1421:
1419:
1416:
1414:
1411:
1409:
1406:
1404:
1401:
1399:
1396:
1394:
1391:
1389:
1386:
1384:
1381:
1379:
1376:
1374:
1371:
1369:
1366:
1364:
1361:
1359:
1356:
1354:
1351:
1349:
1346:
1344:
1341:
1339:
1336:
1334:
1331:
1329:
1326:
1324:
1321:
1319:
1316:
1314:
1311:
1309:
1306:
1304:
1301:
1299:
1296:
1294:
1291:
1289:
1286:
1284:
1281:
1279:
1278:National Bank
1276:
1274:
1271:
1269:
1266:
1264:
1261:
1259:
1256:
1254:
1251:
1249:
1246:
1244:
1241:
1239:
1236:
1234:
1231:
1229:
1226:
1224:
1221:
1219:
1216:
1214:
1211:
1209:
1206:
1204:
1201:
1199:
1196:
1194:
1191:
1189:
1186:
1184:
1181:
1179:
1176:
1174:
1171:
1169:
1168:Ibrahim Fibre
1166:
1164:
1161:
1159:
1156:
1154:
1151:
1149:
1146:
1144:
1141:
1139:
1136:
1134:
1131:
1129:
1126:
1124:
1121:
1119:
1116:
1114:
1111:
1109:
1106:
1104:
1101:
1099:
1096:
1094:
1093:Engro Polymer
1091:
1089:
1086:
1084:
1081:
1079:
1076:
1074:
1071:
1069:
1066:
1064:
1061:
1059:
1056:
1054:
1051:
1049:
1048:Cherat Cement
1046:
1044:
1041:
1039:
1036:
1034:
1031:
1029:
1026:
1024:
1023:Bank AL Habib
1021:
1019:
1016:
1014:
1011:
1009:
1006:
1004:
1001:
999:
996:
994:
991:
989:
986:
984:
981:
979:
976:
974:
971:
970:
967:
963:
962:KSE 100 Index
957:
948:
943:
941:
936:
934:
929:
928:
925:
914:
910:
903:
895:
894:Global Cement
891:
885:
871:
867:
860:
852:
848:
842:
834:
828:
820:
814:
799:
795:
789:
781:
777:
771:
763:
759:
753:
745:
741:
735:
727:
723:
717:
715:
700:
696:
690:
682:
678:
671:
656:
652:
646:
638:
634:
628:
620:
616:
610:
608:
599:
595:
588:
580:
576:
569:
561:
557:
550:
535:
534:Brecorder.com
531:
525:
517:
513:
506:
498:
494:
488:
486:
477:
473:
466:
458:
452:
450:
434:
428:
424:
416:
413:
408:
405:
401:
399:
395:
389:
385:
382:
380:
370:
368:
364:
359:
357:
352:
350:
346:
345:Bestway Group
331:
329:
324:
322:
321:Bestway Group
318:
313:بیسٹ وے سیمنٹ
310:
306:
296:
292:
288:
280:
276:
273:
272:Bestway Group
270:
268:
264:
260:
254:
244:
240:
225:
222:
217:
202:
199:
194:
179:
176:
171:
156:
153:
148:
133:
129:
125:
121:
118:
112:
109:
105:
102:
98:
84:
80:
77:
74:
70:
66:
62:
58:
55:
52:
47:
43:
39:
36:بیسٹ وے سیمنٹ
35:
29:
25:
20:
1473:
1443:TRG Pakistan
1438:Thal Limited
1393:Rafhan Maize
1333:Pakgen Power
1308:Nishat Power
1268:Mughal Steel
1228:Lucky Cement
1208:Kohat Cement
1103:Fauji Cement
1042:
1028:Bank Alfalah
912:
902:
893:
884:
873:. Retrieved
869:
859:
850:
841:
827:
813:
801:. Retrieved
797:
788:
779:
770:
761:
752:
744:World Cement
743:
734:
725:
702:. Retrieved
698:
689:
680:
670:
659:. Retrieved
657:. 2006-07-31
654:
645:
636:
627:
618:
597:
587:
578:
568:
559:
555:
549:
538:. Retrieved
533:
524:
515:
505:
496:
475:
465:
436:. Retrieved
427:
409:
406:
402:
390:
386:
383:
376:
360:
353:
342:
325:
304:
303:
294:
221:Total equity
198:Total assets
100:Headquarters
41:Company type
1458:Unity Foods
1453:United Bank
1433:Tariq Glass
1253:Meezan Bank
1158:Honda Atlas
1128:Ghani Glass
1113:Faysal Bank
1003:Atlas Honda
998:Askari Bank
993:Allied Bank
983:AGP Limited
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