Attock Cement Pakistan Limited
A Pakistani cement manufacturer operating under the Falcon Cement brand, with production facilities in Hub, Balochistan.
Last updated October 30, 2026
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Overview
Attock Cement Pakistan Limited is a Pakistani cement manufacturer headquartered in Karachi and operating a major manufacturing plant in Hub, Balochistan. The company trades primarily through the Falcon Cement brand and is engaged in the production and sale of cement, as well as the export of cement and clinker in both bagged and bulk form. The company was incorporated in Pakistan on 14 October 1981 as a public limited company. Commercial production began in 1988 with an initial annual capacity of approximately 0.6 million tonnes. Attock Cement subsequently expanded its production capabilities, reaching an annual capacity of about 3 million tonnes by 2018. The business was listed on the Karachi Stock Exchange in 2002; following the consolidation of Pakistan's exchanges, its shares are traded on the Pakistan Stock Exchange. Attock Cement's principal domestic and export business covers several cement applications. Its Ordinary Portland Cement is sold under the Falcon brand for general construction uses, including concrete, mortar, grout and premixed concrete. The company also produces sulfate-resistant cement for applications exposed to sulfates, dissolved salts and marine conditions, including coastal and port-related construction. Falcon Block Cement is marketed for block manufacturers and precast slab producers. The company additionally supplies cement in bulk and exports clinker and cement to markets that have included the United Arab Emirates, African countries, Iraq and Sri Lanka. The company has also pursued regional expansion beyond Pakistan. Through a joint venture with Iraq-based Al Keetan Commercial Agencies, it invested in a cement-grinding operation in Iraq. Attock Cement held a 60 percent interest in the related subsidiary, whose mill had a stated capacity of approximately 0.9 million tonnes. In May 2023, the company announced its intention to sell the Iraqi operations to Iraqi interests, indicating a possible change in the geographic composition of its business. Attock Cement is a subsidiary of the Lebanon-based Pharaon Investment Group Limited Holding S.A.L. Its operating model combines a large domestic manufacturing base with export-oriented distribution and specialty cement products. Publicly available reference material lists the company as active but does not provide enough information to document its current executive leadership, detailed shareholding beyond the stated subsidiary relationship, an official website, financial results, or the final completion status of the proposed Iraqi divestment.
History
Attock Cement Pakistan Limited was incorporated in Pakistan on 14 October 1981 as a public limited company. It was established to operate in the cement manufacturing sector and developed its principal production base at Hub in Balochistan, while maintaining its corporate headquarters in Karachi. The company began commercial production in 1988. Its initial production capacity was approximately 0.6 million tonnes per year. Over the following decades, Attock Cement expanded its manufacturing capabilities through a series of additions and upgrades. By 2018, the company's stated annual production capacity had reached approximately 3 million tonnes, making it a significant participant in Pakistan's cement industry. Attock Cement became a publicly traded company in 2002, when it was listed on the Karachi Stock Exchange. Pakistan's stock exchanges were later consolidated into the Pakistan Stock Exchange, where the company is listed. The company is a subsidiary of Pharaon Investment Group Limited Holding S.A.L., a Lebanon-based investment group. The company's business has historically included both domestic sales and exports. Its product range includes Ordinary Portland Cement sold under the Falcon Cement brand for general construction, sulfate-resistant cement for environments exposed to chemical attack from sulfates and salts, and Falcon Block Cement for concrete-block and precast-slab producers. Attock Cement also supplies cement in bulk and exports cement and clinker in bags and bulk shipments. Its export destinations have included the United Arab Emirates, African markets, Iraq and Sri Lanka, among other countries. This export activity has complemented the company's position in the Pakistani market and has allowed its production facilities to serve regional construction-material demand. Attock Cement also expanded into grinding operations in Iraq through a joint venture with Iraq-based Al Keetan Commercial Agencies. The resulting subsidiary operated a grinding mill with a stated capacity of approximately 0.9 million tonnes, and Attock Cement held a 60 percent interest. In May 2023, the company announced an intention to sell its Iraqi operations to Iraqi interests. The available source material does not establish the final status of that proposed sale. The supplied reference material does not provide a documented founder, named executives, detailed financial history, or a complete account of the company's production expansions. Accordingly, those elements remain unspecified in this dossier.
- 2023
Proposed sale of Iraqi operations
[1]The company announced an intention to sell its Iraqi cement-grinding operations to Iraqi interests.
- 2018
Capacity reaches approximately 3 million tonnes
[1]Following successive expansions, the company's stated annual production capacity reached approximately 3 million tonnes.
- 2002
Stock-exchange listing
[1]Attock Cement was listed on the Karachi Stock Exchange, now part of the Pakistan Stock Exchange.
- 1988
Commercial production begins
[1]The company commenced commercial cement production with an initial capacity of approximately 0.6 million tonnes per year.
- 1981
Incorporation in Pakistan
[1]Attock Cement Pakistan Limited was incorporated as a public limited company on 14 October 1981.
Products and positioning
A Pakistani cement producer serving general construction, precast and block manufacturing, marine and coastal construction, and export markets through bagged, bulk and clinker products.
Ordinary Portland Cement
Falcon Ordinary Portland Cement
Ordinary Portland Cement is sold under the Falcon brand and is intended for broad construction use. The stated applications include concrete, mortar, grout and premixed concrete. It represents the company's general-purpose cement offering for routine building and infrastructure work.
Specialty cement
Sulfate-resistant cement
This cement is formulated for areas where concrete may face chemical attack from sulfates and dissolved salts. The reference material identifies seaports, coastal areas and other marine-related environments as relevant applications, where resistance to conditions associated with seawater is important.
Masonry and block-making cement
Falcon Block Cement
Falcon Block Cement is offered for manufacturers of concrete blocks and precast slabs. Its positioning is more specialized than the company's general-purpose Portland cement, focusing on producers that require cement for factory-made masonry and precast products.
Industrial cement materials
Clinker and bulk cement
In addition to bagged cement, Attock Cement exports clinker and supplies cement in bulk. These formats support industrial customers, bulk-handling facilities and export channels that do not depend on retail-style packaged cement distribution.
Brand decisions
2023
Intention to divest Iraqi operationsM&ABackground
Attock Cement held a 60 percent interest in an Iraqi cement-grinding subsidiary established through a joint venture with Al Keetan Commercial Agencies. The Iraqi mill had a stated capacity of approximately 0.9 million tonnes.
Action taken
In May 2023, the company announced that it intended to sell its Iraqi operations to Iraqi interests.
Aftermath
The supplied reference does not confirm whether the proposed sale was completed or describe its financial terms.
Recent events
Attock Group announces Q1 FY20 financial results[2]
Reported:
Attock Group announced financial results for the first quarter of FY20, ending September 30, 2019. The report covered companies under the group, including Pakistan Oilfields, Attock Cement, National Refinery, Attock Refinery and Attock Petroleum.
Sources2 sources
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