Board meeting of Pioneer Cement Limited held on July 04, 2016

Karachi, Pioneer Cement Limited informed Pakistan Stock Exchange that the board meeting of the company held on July 04, 2016. The agenda of the meeting was to approve the installation of new line of an approximate production capacity of 7000 ton clinker per day.

Pioneer Cement Limited was incorporated in Pakistan as a public limited company by shares on February 09, 1986. The principal activity of the Company is manufacturing and sale of cement. The shares of the company are quoted on Karachi, Lahore and Islamabad Stock Exchanges in Pakistan. The registered office of the company is located in Lahore. The production plant of the company is situated in district Khushab.

The company commenced its operations with an installed capacity of 2,000 tons per day clinker. During 2005, the capacity was optimized to 2,350 tons per day. During the year ended June 30, 2006, another production line of 4,300 tons per day clinker capacity was completed which started commercial operations from April 2006. The company is ISO 14001-2004 and ISO 9001-2008 certified.

The symbol “PIOC” is being used by the stock exchange for the shares of Pioneer Cement Limited.