Fecto Cement Limited informed Pakistan Stock Exchange that Board of Directors of the Company in their Board meeting held on December 21, 2019 at Karachi, have decided and approved to form wholly owned subsidiary companies to implement the investment in new cement plant for which approval of Shareholders already obtained in Extra Ordinary General Meeting held on December 01, 2018.

The announcement is available at:

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"Fecto Cement Limited is a company incorporated in Pakistan on February 28, 1981 as a public limited company. The foundations of the company are laid under the Companies Ordinance, 1984. The core activities of the business include production and sale of cement. The stocks of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The registered office of the company is located in Karachi.

The cement plant is established near Islamabad and the quality standards of the company are ISO 9001:2000. The technology of the plant is acquired by Fuller International Inc. with a rated capacity to produce 780,000 tonnes of clinker per annum.

The symbol "FECTC" is being used by the stock exchanges for the shares of Fecto Cement Limited."

© Pakistan Press International, source Asianet-Pakistan