ISLAMABAD, March 16: The Privatization Commission has invited expressions of interest (EoIs) from prospective investors — mechanical engineering and or industrial companies and groups, consortium of investors who can demonstrate their ability to own, efficiently manage and operate the company — for acquisition of minimum 90 per cent shares of the Heavy Mechanical Complex (HMC) along with management control on an ‘as is, where is’ basis.

The HMC is country’s pioneer heavy engineering concern having capability for designing, engineering and manufacturing of capital machinery, industrial plant equipment and other engineering goods. It is located at Taxila.

Mechanical Works commenced commercial operations during 1971 whereas Foundry and Forge Works started production during 1978. Both the works were, however, merged during 1989.

The facilities include fabrication, machining, foundries, forging heat treatment, galvanizing and auxiliary shops. A well-established design centre with CAD/CAE facilities is also available.

The HMC uses four ASME stamp codes for boilers, pressure vessels, pipings, etc.

The company is ISO-9001 certified.

The company’s product mix covers sugar and cement plants, chemical/petroleum, oil/gas processing plants, thermal power plant equipment, mini and micro hydel power plant equipment, road construction machinery, railway equipment, overhead electric travelling cranes, boilers, pressure vessels, heat exchangers, heavy to medium iron and steel castings, steel billets, heavy to medium free as well as closed die forgings.

The investors have been asked to submit the EoI with a non-refundable processing fee of $5,000 (Rs300,000) by April 30, 2006. Preliminary information on the HMC is available on the website: www.privatisation.gov. pk.

Information memorandum, bid documents, timeframes for pre-bid documents, conference and bidding date will be provided to the pre-qualified parties only.