Company Profile

General profile
Gharibwal Cement Limited is a Pakistan-based company. The Company is principally engaged in the production and sale of cement .Gharibwal is producing cement since from around 50 years. 1961 Ismail Cement Industries Limited was incorporated in Pakistan on December 29, 1960 as a Public Limited Company with Authorised Capital of Rs.50,000,000. Mr.Naseer A. Shaikh was the first chairman of the company. Registered was situated at Gardee Charity Trust Building No.2, Napier Road, Lahore and plant site was at Imailwal,Pind Dadan Khan-Jhelum.

1962 During the year, 320,000 'A' Class Ordinary shares were called and paid.Its shares were quoted on Karachi Stock Exchange. The Company appointed M/s Henry Pooley,London as their consulting Engineers and placed orders for the main cement plant (wet process) and machinery with Societe Fives LilleCail,Paris.The contract for the construction of the factory buildings and foundations was awrded to M/s Gammon (Pakistan) Limited and housing colony was completed by petty contractors.Initially two kilns were installed for clinker production carrying yearly capacity of 360,000 M.Tons based on 300 days. 1963 Financing from International Fianace Corporation & Pakistan Industrial Credit and Investment Corporation extended to $3,038,325 and $2,278,744 respectively. 1965 In the first year of commercial production, the Company earned a net profit of Rs. 6,595,337 (excluding depreciation). 1966 Company announced its first dividend @ 6%. 1969 Third kiln commoissioned on trial basis on September 15, 1968 which increased the production capacity to 540,000 M.tons. 1970 Last year of eight years of tax holiday expied. 1972 Name changed to "GHARIBWAL CEMENT LIMITED" Management of the Company was taken overby tha Central Government on January 3, 1972 under the Economic Reforms Order(presidential Order No.1) of 1972. 1975 Campany gave its cement brand name "PAIDAR". 1978 Company announced dividend @ 20% to its shareholders.. 1981 Company announced its highest dividend @ 22.50% to its shareholders.. 1983 Cement production was 566,526 M.Tons, highest in the history of Company.

1985 Cement production was 582,427 M.Tons, highest in the history of Company.

MISSION STATEMENT
GHARIBWALS mission is to constantly endeavors for excellence in all shapes of business activity; maintain its market position in key centers of Punjab and Azad Kashmir, promote mutually satisfactory relationship with our customers and other stakeholders by creating value additions, and construct a strong, durable and forward moving Pakistan

VISION STATEMENT
GHARIBWAL has been at the forefront for the past forty years, in building a strong and solid Pakistan. Our brand of cement has endured the test of time which is reflected by its performance in the Mangla Dam, the Qadirabad Barrage, the Rasool / Sulumanki Barrage, and so forth. GHARIBWAL strives to ensure and maintain its excellence in the field of sales, marketing and distribution by a strong focus on customer satisfaction and loyality,

a wide network of cement stockists in Punjab and Azad Kashmir and resultantly,there is preference and brand loyalty for our cement by our valued patrons. GHARIBWAL remains engaged and in constant pursuit of the endeavours to promote technological upgradation and consequently, its plant efficiency and allround cost control. GHARIBWAL envisions that the sustained administrative and financial restructuring measures undertaken in the previous two years shall be continued in the future periods for the Company's prosperity. GHARIBWAL cement plant, situated in the heart of Punjab Province,is gearing itself for technological modernization in the near future and scalling the ranks of county's premier cement producers.