Bestway
 |
|
| Private | |
| Industry | Wholesale, Cement, Banking, Pharmacy, |
| Founded | 1976 |
| Founder | Sir Anwar Pervez |
| Headquarters | Bestway Head Office, Abbey Road, Park Royal, London, NW10 7BW, United Kingdom |
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Key people
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Chairman: Sir Anwar Pervez, CEO: Zameer Choudrey CBE, MD: Younis Sheikh, Director: R Pervez, Director & Company Secretary: D Pervez |
| Revenue | £3.4 billion |
|
Number of employees
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33,600 |
| Website | www |
Chairman: Sir Anwar Pervez, CEO: Zameer Choudrey CBE, MD: Younis Sheikh, Director: R Pervez,
Bestway Group is a multinational conglomerate operating in United Kingdom and Pakistan. Bestway includes UK’s second largest wholesaler serving 125,000 independent retailers and caterers from 64 warehouses nationwide.
The group also runs the UK’s third largest pharmacy chain, Well Pharmacy.
In Pakistan it is the second largest shareholder of United Bank, while its subsidiary Bestway Cement is the largest cement-maker in Pakistan with a total capacity of more than 8 million tons per annum.
In July 2014 Bestway Group acquired The Co-operative Pharmacy, the UK's third largest pharmacy, for £620 million. It has since been rebranded as Well Pharmacy.
The Group set up its first cement plant in 1995 in Hattar in the KP Province of Pakistan, with an initial investment of US$ 120.0 million. The plant’s initial capacity was 0.99 million tonnes per annum, this was enhanced to 1.17 million tonnes per annum at a cost of US$ 10 million in 2002.
Bestway Group expanded its operations by setting up a 1.8 million tonnes per annum cement plant in Chakwal, Punjab Province, Pakistan, at a cost of US$ 180.0 million.Civil works for Bestway Chakwal-I were initiated in January 2005, the Kiln was fired in May 2006 and the plant went into production in June 2006.
In May 2006 the Group announced plans for a second 1.8 million tonnes per annum capacity plant adjacent to its existing operations in Chakwal at a cost of US$ 150.0 million. To augment its presence in the cement industry, Bestway bid for 85.29% equity of Mustehkam Cement Limited. The Company’s bid of approximately US$ 70.0 million was accepted in September 2005. The plant started production in December 2005 just one month after acquisition. In 2010 the production capacity was further enhanced to 1.1 million tonnes per annum at a total cost of US$ 70.0 million.
Over the last few years, Bestway’s cement capacity has increased from 1.1 million tonnes to 6.0 million tonnes per annum; Bestway Cement is the largest exporter of cement to Afghanistan.
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Wikipedia