Karachi: Marking a momentous leap in its devotion to innovation, Bestway Cement signed an MoU with NUST Institute of Civil Engineering, recently. The MoU marks a collaborative effort between both organisations to promote research and development of cutting edge, innovative construction materials and building solutions in Pakistan.
Gracing the occasion of the MoU signing, were Irfan Sheikh (Director Finance &CFO Bestway Cement & Pakcem Limited) and Asif Shah (Director Administration & Marketing). Speaking on the occasion, Irfan Sheikh expressed his delight and stressed the need for construction materials related cutting-edge R&D in Pakistan. “We aim to develop products through collaborative R&D that will add value for our customers. Innovation defines our focus on our customers’ needs, provide solutions for improving quality of life and generate much needed economic activity in the country, while ensuring that our environment is safeguarded.”
The company only last month commissioned two 13.5MW waste heat recovery power plants at its operations in Hattar and Farooqia. Aimed at not only reducing Bestway Cement’s reliance on national grid, the waste heat recovery plants will help in alleviating the country’s power crisis to a certain extent and reduce greenhouse gas emissions.
With a total capacity of over 8 million tonnes per annum, Bestway continues to be a pioneer in the cement industry focused on reducing environmental impact and contributing to the country’s power generation. Bestway Group is committed to growing the cement industry of Pakistan and offers the widest product portfolio of cement and building materials.
About Bestway Group:
The UK-based global conglomerate is the UK’s eighteenth largest privately owned company and seventh largest family-owned business.
Bestway Group includes the UK’s second largest wholesaler serving 125,000 independent retailers and caterers from 64 warehouses nationwide and with over 6 million square feet of selling space. The Group also recently acquired UK’s third largest pharmacy business – The Co-Operative Pharmacy (now rebranded as Well Pharmacy). The pharmacy business has over 770 branches across the UK and employs over 7,000 employees. United Bank Limited, Bestway’s banking division, is Pakistan’s second largest private bank with assets under management of US$10.3 billion and a branch network of over 1,400 branches serving over five million customers.
Bestway has a turnover of more than US$ 3.4 billion and a global workforce of nearly 34,000 of which 12,000 is in the UK.