Bestway Cement
Bestway Cement is a Pakistani cement manufacturer owned by the British conglomerate Bestway Group.
Last updated August 31, 2026
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Overview
Bestway Cement Limited is a Pakistan-based cement manufacturer and a subsidiary of the United Kingdom-based Bestway Group. The company was incorporated in December 1993 as Bestway Group's entry into Pakistan's cement industry and has since developed a large integrated manufacturing footprint in the country's northern and central regions. Its principal business is the production and sale of cement for construction and infrastructure markets, supported by a network of plants, capacity expansions, acquisitions, and energy-efficiency projects. The company's first manufacturing project was established at Hattar in Khyber Pakhtunkhwa. Construction followed an initial investment of approximately US$120 million: civil works began in January 1996, the kiln was fired in April 1998, and the plant entered production in the late 1990s. Its capacity was subsequently increased to approximately 1.3 million tonnes per annum in 2002. The company became publicly listed in 2001, when it was listed on the Karachi Stock Exchange, the predecessor of the Pakistan Stock Exchange. Bestway expanded into Punjab with a second plant at Chakwal. The project, announced in 2004, involved reported investment of approximately US$140 million and an initial capacity of 1.8 million tonnes per annum. Construction began in January 2005, the kiln was fired in May 2006, and commercial production began in June 2006. A further Chakwal line entered commercial production in June 2008, adding another 1.8 million tonnes of annual capacity. The company also acquired an 85.29 percent interest in Mustehkam Cement Limited in September 2005 through Pakistan's privatization process. Bestway subsequently invested in the acquired operation, increased its capacity, and merged the former Mustehkam business into Bestway Cement in 2013. A major step in the company's consolidation of Pakistan's cement industry came in July 2014, when Bestway acquired Lafarge's 75.86 percent interest in Lafarge Pakistan Cement for a reported enterprise value of US$329 million. A public offer increased Bestway's holding to 87.93 percent. The acquired business had previously operated under other ownership and names, including Chakwal Cement and Pakistan Cement, before becoming part of Lafarge's international cement operations. The transaction materially expanded Bestway Cement's manufacturing base and strengthened its position in the Pakistani market. The company has also invested in reducing dependence on conventional electricity and improving plant efficiency. In 2015 it invested approximately US$30 million in a waste-heat-recovery project at the Pakcem plant and commissioned waste-heat-recovery units at its Hattar and Farooqia facilities. These units had reported capacities of 6 MW and 7.5 MW. In 2021 Bestway commissioned a 14.3 MW captive solar-power unit at its Farooqia integrated cement plant as part of a planned 50 MW solar program covering Farooqia, Chakwal, Kallar Kahar, and Hattar. It also announced a greenfield project in Mianwali with a planned production capacity of 7,200 tonnes and a 9 MW waste-heat-recovery facility. Bestway Cement's positioning is that of a large-scale, vertically integrated Pakistani building-materials producer backed by an international business group. Its growth has combined new plant construction, capacity additions, privatization-related acquisition, purchase of a multinational cement subsidiary, and investment in alternative energy. The company remains active and publicly listed in Pakistan, although the available reference material does not identify a current stock ticker, current executive roster, exact present production capacity, or a separate consumer-facing product portfolio beyond cement manufacturing.
History
Bestway Cement was incorporated by Bestway Group in December 1993, establishing the group's cement-manufacturing presence in Pakistan. Its first plant was developed at Hattar in Khyber Pakhtunkhwa. The project involved reported initial investment of US$120 million. Civil construction began in January 1996, the kiln was fired in April 1998, and the plant subsequently entered production. In 2002, the Hattar operation underwent a capacity enhancement that brought its reported annual production capability to approximately 1.3 million tonnes. The company became publicly listed in 2001 on the Karachi Stock Exchange, later incorporated into the Pakistan Stock Exchange. Its next major expansion was in Chakwal, Punjab. Bestway established a second plant there in 2004, with reported capacity of 1.8 million tonnes per year and investment of approximately US$140 million. Civil works for Chakwal-I started in January 2005, the kiln was fired in May 2006, and production began in June 2006. A further plant adjacent to the Chakwal site entered commercial production in June 2008, adding another reported 1.8 million tonnes of annual capacity. Bestway also expanded through acquisition. In September 2005 it acquired 85.29 percent of Mustehkam Cement Limited under Pakistan's privatization scheme. The acquisition became the group's third cement plant, and more than US$50 million was reportedly invested in the operation after the transaction. The former Mustehkam plant's capacity was later increased to approximately 1.1 million tonnes per year through investment reported at about US$70 million. The business was ultimately merged into Bestway Cement in 2013. In July 2014, Bestway acquired Lafarge's 75.86 percent shareholding in Lafarge Pakistan Cement for a reported enterprise value of US$329 million, also described in the reference material as €244 million. Bestway later acquired an additional 12.07 percent through a public offer, raising its ownership to 87.93 percent. The acquired cement business had a longer corporate history, having previously been associated with Chakwal Cement and Pakistan Cement before becoming part of Lafarge's global cement operations. The transaction strengthened Bestway's position and broadened its manufacturing portfolio in Pakistan. Energy and operating-efficiency projects became a visible part of the company's later development. In 2015 Bestway invested approximately US$30 million in a waste-heat-recovery plant at Pakcem. It also inaugurated two waste-heat-recovery plants at Hattar and Farooqia, reported at 6 MW and 7.5 MW respectively. In March 2017 the company announced plans for another cement plant in Haripur, Khyber Pakhtunkhwa, and the reference material records a further 1.8-million-tonne capacity expansion in the following year. In May 2021 Bestway announced a greenfield plant in Mianwali, planned with capacity of 7,200 tonnes and a 9 MW waste-heat-recovery plant. In June of the same year it commissioned its first 14.3 MW captive solar-power unit at the Farooqia integrated plant. The solar installation formed part of a planned 50 MW program intended to place solar units at Farooqia, Chakwal, Kallar Kahar, and Hattar. The company's history therefore combines organic plant construction, public-market participation, privatization-related acquisition, consolidation of a multinational-owned cement operation, and investment in alternative power generation. Bestway Cement remains an active Pakistani cement manufacturer and a subsidiary of Bestway Group. The available reference material does not provide a reliable current executive list, a current ticker symbol, an official website address, or a definitive present-day production total.
- 2021
Mianwali greenfield plant announced
[1]Bestway announced a planned Mianwali plant with reported capacity of 7,200 tonnes and a 9 MW waste-heat-recovery facility.
- 2021
Farooqia solar unit commissioned
[1]The company commissioned a 14.3 MW captive solar-power unit at Farooqia as part of a planned 50 MW solar program.
- 2017
Haripur expansion plan announced
[1]The company announced plans for a new cement plant in Haripur, Khyber Pakhtunkhwa.
- 2015
Waste-heat-recovery investment
[1]Bestway invested in waste-heat recovery at Pakcem and commissioned recovery facilities at Hattar and Farooqia.
- 2014
Lafarge Pakistan Cement acquisition
[1]Bestway acquired Lafarge's majority stake in Lafarge Pakistan Cement and later increased its holding to 87.93 percent.
- 2013
Mustehkam operation merged
[1]The former Mustehkam Cement business was ultimately merged into Bestway Cement.
- 2008
Second Chakwal line enters commercial production
[1]An adjacent Chakwal facility began commercial production with reported capacity of 1.8 million tonnes per year.
- 2006
Chakwal-I begins production
[1]The first Chakwal plant entered production in June with reported annual capacity of 1.8 million tonnes.
- 2005
Mustehkam Cement acquisition
[1]Bestway acquired an 85.29 percent interest in Mustehkam Cement through Pakistan's privatization process.
- 2002
Hattar capacity expanded
[1]The Hattar plant's reported annual capacity was increased to approximately 1.3 million tonnes.
Products and positioning
A large-scale Pakistani cement manufacturer within Bestway Group, emphasizing regional manufacturing capacity, expansion through acquisitions, and investment in waste-heat recovery and captive solar power.
Construction material
Cement
Bestway Cement's core offering is cement manufactured at its integrated Pakistani plants. The reference material identifies the company as a cement manufacturer but does not specify named grades, formulations, packaging brands, or technical product families. Its cement output serves general construction and infrastructure demand in Pakistan.
Cement distribution formats
Bulk and bagged cement
Cement is generally supplied to construction customers through bulk and bagged distribution formats, but the available reference material does not document Bestway Cement's exact packaging specifications, product names, or channel mix. These formats are therefore recorded as typical offerings rather than individually verified branded product lines.
Controversies
Dispute over compensation for land used in Chakwal development
Local residents reportedly alleged that Bestway Group did not fairly compensate previous landowners connected with the Chakwal project. The reference material states that litigation was pending before the Supreme Court of Pakistan; it does not provide a final judgment or resolution.
Brand decisions
2021
Develop captive solar powerStrategyBackground
Bestway pursued alternative power generation alongside its cement-capacity expansion and waste-heat-recovery investments.
Action taken
The company commissioned a 14.3 MW captive solar unit at Farooqia and planned a broader 50 MW solar program across several Pakistani plants.
Aftermath
The Farooqia installation became the company's first reported captive solar-power unit, with further sites planned at Farooqia, Chakwal, Kallar Kahar, and Hattar.
2015
Invest in waste-heat recoveryStrategyBackground
Cement production requires substantial energy, creating an incentive to recover heat from industrial processes and reduce purchased power requirements.
Action taken
Bestway invested in a waste-heat-recovery plant at Pakcem and commissioned recovery units at Hattar and Farooqia.
Aftermath
The projects added reported recovery capacity of 6 MW and 7.5 MW at the Hattar and Farooqia facilities.
Investment. US$30 million (April 2015)
2014
Acquire Lafarge Pakistan Cement stakeM&ABackground
Bestway pursued a major expansion of its Pakistani cement manufacturing base through the acquisition of a multinational-owned operating company.
Action taken
Bestway acquired Lafarge's 75.86 percent stake in Lafarge Pakistan Cement and purchased an additional 12.07 percent through a public offer.
Aftermath
Bestway's ownership increased to 87.93 percent, materially broadening its position in Pakistan's cement industry.
Enterprise value. US$329 million (July 2014)
2005
Acquire Mustehkam CementM&ABackground
Bestway sought to expand its Pakistani cement platform through the country's privatization process.
Action taken
The company acquired an 85.29 percent equity interest in Mustehkam Cement Limited and later invested in the operation.
Aftermath
The acquired plant became Bestway's third cement plant, underwent capacity investment, and was ultimately merged into Bestway Cement in 2013.
Acquisition price. US$70 million (September 2005)
Sources1 sources
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