|
Government of Pakistan
Privatization Commission
PRE
BID MOOT FOR SALE OF 96.34% SHARES OF JAVEDAN CEMENT LIMITED (JCL) ON SEPTEMBER
3
Islamabad, August 30, 2005
The
Privatisation Commission is holding a pre-bid meeting at Islamabad for the sale
of 96.34 % shares of Javedan Cement Limited (JCL) on September 3, 2005
(Saturday) at 1100 hrs. The meeting is being organized to create better
understanding of the transaction and the bidding process and to respond to the
queries of the potential buyers.
The Privatisation Commission (PC) has received 43 Expression of Interest (EOI)
from interested parties for the privatisation of Javedan Cement Limited (JCL) on
an "AS IS WHERE IS" basis through the sale of its 96.34 % shares held by State
Cement Corporation of Pakistan (Pvt.) Ltd. (SCCP) the holding Company. JCL is a
public limited company listed on Karachi Stock Exchange since 1962 and
registered under the Companies Ordinance 1913 (now Companies Ordinance 1984).
JCL is located north of Karachi over an area of 1200 acres in the Manghopir
hills along with 3159 acres of Mining lease land (Quarry).
The Company started the production of cement in 1964 with 500 tonnes per day
capacity and currently the rated capacity of the plant is 600,000 tonnes per
annum. The plant is based on the latest technology of cement manufacturing
involving suspension pre-heater and short dry process kiln. Presently JCL has
three kilns including the first dry process plant installed in Pakistan in 1980.
Its main products include Ordinary Portland cement, Slag cement and Sulphate
resistant cement. While its Inputs/Raw Material include Lime Stone, Clay/Shale,Iron Ore, Gypsum, and Slag.The
parties who submitted EOIs include1. AKD Capital Ltd, 2. Al-Abass Group of
Companies, 3. Al-Hamza ShipBreaking Company, 4. Al-Karam Textile Mills (Pvt)
Ltd, 5. Alloy Steel Company, 6. Al-Munaf Steel Corporation, 7. Alpha Gamma
Technologies Inc, 8. Amer Mahmood (Snr Manager Fin), 9. Aqeel Karim Dhedhi
Securities, 10. Associated Group, 11. Atlas Investment Bank Ltd, 12. Bestway
Cement Ltd, 13. Candyland Confectionary Division, 14. Cherat Cement Company Ltd,
15. Crescent Powertec Ltd, 16. D.G.Khan Cement Company Ltd, 17. Equipment
Technologies Ltd, 18. Fatima Enterprises Ltd (Textile Unit), 19. Gulistan Group
of companies, 20. Habib & Sons (pvt) Ltd, 21. Haji Ghani Usman & Group, 22.
Javed Kiyani (Director Chanar Sugar Mills), 23. Javedan Cement Employees
Management Group, 24. Multi Traders & Manufacturers, 25. Nassam Multi Links,
26.Newage Textile Pvt Ltd, 27. Noman Abid & Company, 28. Olympia Chemicals Ltd,
29. Pacific Chartering & Trading Pvt Ltd, 30. Pakistan Kuwait Investment Company
Pvt Ltd, 31. PROCON (The Project Consultant), 32. Sadaf Enterprises, 33.Seatrade
Group, 34. Shirazi Investment Pvt Ltd, 35. Siddiqsons Group, 36.Silver Textile
Factory, 37. Sophia Textile Pvt Ltd, 38. Suzuki Carvan Motors,39. The Memon
Group, 40.
Three Star Group of Companies, 41. Unique Trading Co. (Importers & Ship Breakers), 42. Usman Enterprises and Valibhai
Kamruddin (SIND)
Pvt Ltd.
Source:
http://www.privatisation.gov.pk/Handout/HO-AR-05/August-05/Handout%20August%202005.htm |