Cement News tagged under: Lucky Cement Limited
Pakistan's exports tipped to increase01 June 2018, Published under Cement NewsExperts are hoping an increase in exports of cement from Pakistan during the outgoing FY18. The country recorded its highest growth of cement exports during 2008-10, when, it hovered around 10.75Mt. Of late, exports have started to drift and reached at 4.66Mt in 2016-17 and 3.9Mt in 10 months of FY18. According to a research house report, cement exports are expected to post stellar growth of more than 37 per cent YoY in May, due to addition of new production plants of Lucky Cement and Att... |
Lucky Cement may opt for Pezu expansion29 January 2018, Published under Cement NewsLucky Cement of Pakistan has announced that in view of the continued delay in expansion plant for north, the company is evaluating for brownfield expansion of 2.3Mta at its existing plant location in Pezu, Lakki Marwat district, in the Khyber Pakhtunkhwa province. The company's 2.3Mta fully-integrated greenfield works in Punjab province is currently awaiting approval from the Punjab government to start construction, said the company in a bourse filing. Therefore, Lucky Cement is conside... |
Lucky completes 1.3Mta expansion line in Karachi18 December 2017, Published under Cement NewsLucky Cement has informed the Pakistan Stock Exchange (PSX) on 18 December that construction and installation work for its 1.3Mta brownfield kiln line at its Karachi plant in Sindh province, Pakistan, has been successfully completed on time. A bourse filing of company says: "The new line was made operational with commencement of clinker production on 12 December 2017. With the addition of this new line in Karachi for 1.3Mt and certain efficiency improvements brought about recently in the... |
Lucky Cement profits grow by 6.8% in 1QFY1830 October 2017, Published under Cement NewsPakistan-based Lucky Cement Co Ltd reported 1QFY18 earnings of net profit of PKR3.01bn (US$28.5m), up by 6.8 per cent YoY. The company's revenue increased six per cent YoY to PKR11.2bn. This growth was primarily attributable to a rise in total dispatches YoY. The company achieved an overall growth of 5.9 per cent with a total sales volume of 1.8Mt during the first quarter compared to 1.7Mt last year. While the cement producer's local sales volume saw a growth of 14.3 per cent to 1.54... |
Pakistan's local dispatches expected to grow at 3% in September29 September 2017, Published under Cement NewsExperts foresee that total cement sales in September 2017 to observe a decline of two per cent YoY to clock in at 3Mt. Out of which, exports are likely to depict a downward trajectory, dropping by 26 per cent YoY to 387,000t while local dispatches are expected to grow three per cent YoY to 2.6Mt. According to estimates of local research house, region wise distribution suggests that domestic sales during September in the north and south registered growth of five per cent YoY to 2.2Mt and ... |
Lucky Group forms joint venture for LNG terminal04 September 2017, Published under Cement NewsA joint venture comprising leading cement producer Lucky Group along with, Sapphire group and Hallmore Power, is planning to set up a liquid natural gas (LNG) terminal at Port Qasim near Karachi to facilitate import of liquid gas in country. Port Qasim Authority (PQA) Chairman Agha Jan Akhtar told media that the consortium is expected to set-up a floating ship re-gasification unit (FRSU) with a capacity of 600msft 3 per day. LNG wil be imported and marketed by themselves as there is ... |
DR Congo: CIMKO plant nears commerical production04 October 2016, Published under Cement NewsThis October the US$270m CIMKO plant owned jointly by Lucky Cement and Groupe Rawji located 240km (150 miles) west of the capital, Kinshasa, will start producing cement and work towards its 1.2Mta cement capacity. The project has been financed by lenders including the African Development Bank, the International Finance Corporation, Denmark’s Export Credit Agency EKF and by Habib Bank Ltd. The Democratic Republic of Congo's Prime Minister, Matata Ponyo Mapon, said his government wi... |
Lucky Cement posts PKR9.61bn net profit in nine months26 April 2016, Published under Cement NewsLucky Cement Limited, Pakistan, reported net profit of PKR9.61bn (US$91.72m) for the nine months ended March 31, 2016, which is 3.3 percent higher than the same period last year. The company's net sales revenue increased to PKR33.49bn. The increase in net sales revenue was mainly attributable to increase in sales volumes. The local sales volume of the company during the current nine months period registered a growth of 21.9 percent with 3.88Mt compared to 3.18Mt a year earlier, whereas ex... |
Pakistan: locals demand share in Lucky Cement plant project11 July 2014, Published under Cement NewsAt a district chapter meeting for the Qaumi Watan Party (QWP) activists and office-bearers of Begukhel, Samandi and Darra Tang union councils have called for royalty shares in Lucky Cement and ISL Qaboolkhel uranium plant projects in Lakki Marwat, Pakistan. Highlighting that both companies had been established on Marwat soil, Imranullah Begukhel, QWP general secretary, alleged that residents of the district have been insufficently served by royalties from both Qaboolkhel and Lucky Cement. ... |