
30 December 2024
Pharaon Investment looking to offload Attock stake 30 December 2024
Pakistan: Lebanon's Pharaon Investment Group Limited is reportedly considering the sale of its 84% stake in Attock Cement Pakistan, according to Pakistan Today. The holding company recently announced that it was re-evaluating its long-term strategic options in Pakistan, which also include Attock Petroleum, Attock Oil Company and Attock Refinery.
Attock Cement has been 'battered' by low demand in the Pakistani cement industry in recent years, following a period of expansion in the early 2010s. It produced 0.31Mt of cement in the first quarter of the 2025 financial year (to 30 September 2024), an 11% year-on-year fall from 0.35Mt a year earlier.
India: Prism Johnson has implemented the Ramco ERP Suite across its cement operations. Ramco ERP Suite is an enterprise resource planning system that incorporates maintenance, sales and distribution. Tools include a Contract Labour Management System for work shifts and Interactive Business Intelligence System for transaction management, along with GIS-enabled applications. Ramco also offers a Real-Time Integrator module to connects its Process Suite Advanced Process Control Expert Optimisers to the suite.