ISLAMABAD, Aug 10: The Privatization Commission on Wednesday said that it had received 43 Expressions of Interest (EoIs) for acquiring 96.34 per cent shares of Javedan Cement held by the State Cement Corporation of Pakistan (SCCP).

The commission in a statement said that the JCL was listed on Karachi Stock Exchange in 1962 and registered under the Companies Ordinance 1913 (now Companies Ordinance 1984).

The JCL is located north of Karachi over an area of 1200 acres in the Manghopir hills along with 3,159 acres of mining lease land (quarry). It started its production in 1964 with 500 tons per day capacity and currently the rated capacity of the plant was 600,000 tons per annum.

The plant is based on latest technology of cement manufacturing involving suspension per heater and short dry process kiln. Presently, the 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 include: AKD Capital Ltd, Al-Abass Group of Companies, Al-Hamza Ship Breaking Company, Al-Karam Textile Mills (Pvt) Ltd, Alloy Steel Company, Al-Munaf Steel Corporation, Alpha Gamma Technologies Inc., Amer Mahmood (Snr Manager Fin), Aqeel Karim Dhedhi Securities, Associated Group, Atlas Investment Bank Ltd, Bestway Cement Ltd, Candyland Confectionery Division, Cherat Cement Company Ltd, Crescent Powertec Ltd, D.G.Khan Cement Company Ltd, Equipment Technologies Ltd, Fatima Enterprises Ltd (Textile Unit), Gulistan Group of Companies, Habib & Sons (Pvt) Ltd, Haji Ghani Usman & Group, Javed Kiyani (Director Chanar Sugar Mills), Javedan Cement Employees Management Group, Multi Traders & Manufacturers, Nassam Mutli Links, Newage Textile Pvt Ltd, Noman Abid & Company, Olympia Chemicals Ltd, Pacific Chartering & Trading Pvt Ltd, Pakistan Kuwait Investment Company Pvt Ltd, PROCON (the Project Consultant), Sadaf Enterprises, Seatrade Group, Shirazi Investment Pvt Ltd, Siddiqsons Group, Silver Textile Factory, Sophia Textile Pvt Ltd, Suzuki Carvan Motors, The Memon Group, Thee Star Group of Companies, Unique Trading Co. (Importers & Ship Breakers), Usman Enterprises and Valibhai Kamruddin (SIND) Pvt Ltd.