Maple Leaf Cement buys 88% of Pioneer Cement, adding 5.2M tonnes of capacity
What's the deal? Maple Leaf Cement Factory Limited (MLCF)Dealroom has a profile for this one. Try Dealroom → has acquired a controlling stake in Pakistan Stock ExchangeDealroom has a profile for this one. Try Dealroom →-listed Pioneer Cement LimitedDealroom has a profile for this one. Try Dealroom →, according to a corporate briefing report dated October 8, 2026. MLCF took 77.38% of shares directly, while associated firm Maple Leaf Capital LimitedDealroom has a profile for this one. Try Dealroom → acquired a further 10.83%. The deal value was not disclosed.
Why now? Combined, the purchases give parent Kohinoor Maple Leaf Group (KMLG)Dealroom has a profile for this one. Try Dealroom → an 88.21% holding in Pioneer. The move hands KMLG an extra 5.2 million metric tonnes of annual cement production capacity.
What's the endgame? Pioneer, which manufactures and sells cement, posted net sales of PKR 38.6 billion and net profit of PKR 6.6 billion for the year ending June 30, 2026. MLCF gains that output and market presence as it builds scale in the sector.
By the numbers: MLCF's own net sales reached PKR 70.73 billion in 2026, up from PKR 62.08 billion in 2023. Profit after tax fell to PKR 8.45 billion in 2026 from PKR 17.04 billion in 2025. Non-current assets more than doubled to PKR 159.92 billion from PKR 67.47 billion in 2023, while non-current liabilities rose to PKR 93.36 billion from PKR 28.58 billion.
The signal: The acquisition points to consolidation in Pakistan's cement industry, as producers combine to expand capacity and market share.
Read more: pakistancompanynews.com
Image credit: Kumaravel
