Friday, November 14 2025

Maple Leaf plans to buy majority stake in Pioneer Cement
Maple Leaf Cement Factory Limited (MLCF) has moved to acquire a majority stake in Pioneer Cement Limited (PIOC), submitting an intention to purchase at least a 58.03% shareholding to the Pakistan Stock Exchange (PSX). “Next Capital Limited, vide its letter dated November 13, 2025, which was disclosed to the PSX, has announced that on behalf of Maple Leaf Cement Factory Limited (acquirer), it has submitted the acquirer’s public announcement of intention to acquire at least 58.03% shareholding and control of Pioneer Cement Limited,” Pioneer Cement said in its notice to the bourse on Friday. MLCF informed on Thursday that it was considering purchasing PIOC shares. However, at the time, the company did not disclose the number of shares it intends to purchase. Middle East Vision Holdings Ltd currently holds PIOC’s majority stake of 47%, said JS Global in a note.
Related news categories: business cement economic-indicators psx stock-exchanges
Related symbols: mlcf (news stock) pioc (news stock)

Monday, October 20 2025

Pakistan’s cement maker to assemble Belarus tractors in Balochistan
In a strategic move, Thatta Cement Company Limited (THCCL) announced that its wholly owned subsidiary, Minsk Work Tractor & Assembling (Private) Limited, has signed an exclusive agreement with Belarus-based OJSC Minsk Tractor Works to assemble and locally produce Belarus tractors in Balochistan, Pakistan. The listed cement-maker said in a development to the Pakistan Stock Exchange (PSX) on Monday. “Thatta Cement Company Limited is pleased to announce that its wholly owned subsidiary, Minsk Work Tractor & Assembling (Private) Limited, has entered into an exclusive agreement with OJSC Minsk Tractor Works, Republic of Belarus, for the assembly and local production of Belarus tractors in Balochistan,” read the notice. “Under the terms of the exclusive agreement, OJSC Minsk Tractor Works has granted MWTA the exclusive rights to assemble Belarus tractors in Balochistan,” it said.
Related news categories: business cement economic-indicators misc