Cement News tagged under: Lucky Cement
Lucky Cement full-year profit rises 47%18 September 2013, Published under Cement NewsPakistan-based producer Lucky Cement reported a 47 per cent increase in full-year profit and is optimistic on the outlook for domestic consumption but cautions that challenges remain. Net income rose to a record PKR10bn (US$95m) in the 12 months ended 30 June from PKR6.78bn a year earlier. Gross sales rose 63 per cent to PKR63.9bn. The rise in profit is being attributed to an 11 per cent increase in cement prices which climbed to PKR458/50kg bag. “The consumption of cement in the co... |
Lucky Cement joint venture prepares to break ground on new DR Congo plant30 May 2013, Published under Cement NewsNyumba Ya Akiba (NYA), a joint venture between Pakistan-based Lucky Cement and the Rawji Group of the Democratic Republic of Congo, is set to break ground on a new 1.2Mta integrated works at the end of next month. The new facility, to be situated 250km from the DR Congo capital on the main Kinshasa-Matadi Highway, will host a groundbreaking ceremony on 30 June 2013, a Lucky Cement spokesperson told CemNet News. NYA has already finalised its plant and machinery purchase contract with FLSmid... |
Lucky Cement's nine-month net profit ahead, Pakistan01 May 2013, Published under Cement NewsLucky Cement, has reported a 49 per cent YoY rise in net profit for the first nine months of FY13 as Pakistan’s largest cement producer by capacity is boosted by higher prices. For the nine month period ending March 2013, the company reported a profit of PKR6.98bn. The company's local cement dispatches rose 2.8 per cent YoY to 2.77Mt while export sales declined by 1.1 per cent YoY to 1.66Mt. Total dispatches stood at 4.43Mt, up by 1.3 per cent. Higher retention prices drove the top-lin... |
Lucky Cement appoints new CFO12 March 2013, Published under Cement NewsLucky Cement has appointed Muhammad Faisal to be its chief financial officer. ??He replaces Muhammad Abid Ganatra. |
Lucky Cement first-half boosted by higher prices, Pakistan29 January 2013, Published under Cement NewsPakistan’s leading cement producer Lucky Cement has recorded a strong rise in profit for the first half of the current fiscal year, driven by higher selling prices. Profit for the first six months of FY12-13 rose 42.15 per cent rise to PKR4.29bn (US$44m). Cement prices during the period rose 13 per cent to PKR465/bag (US$4.76) in the south zone and eight per cent in the north to PKR438. Additional increasing income and declining financial charges supported the company's bottom-line. G... |
Lucky Cement recognised for 'green supply chain', Pakistan20 December 2012, Published under Cement NewsPakistan cement producer Lucky Cement has been awarded for its green supply chain operations and logistics at the Second International Shipping, Logistics and Supply Chain conference in Karachi. Lucky Cement was commended for a number of sustainability projects like alternative fuels usage, energy conservation and plantation drives. In addition, the company’s in-house power generation units have been revamped to ensure environmental efficiency. Mr. Noman Hasan, Chief Operating Officer,... |
Lucky Cement not to build cement plant in India04 December 2012, Published under Cement NewsPakistan’s leading cement manufacturer and exporter Lucky Cement Ltd has officially informed the Karachi Stock Exchange (KSE) that it is not establishing a cement plant in India. The company is, however, proceeding as planned with two new overseas ventures. The official note by Muhammad Suhail, company secretary of Lucky Cement to the KSE stated: “We would like to clarify that our company (Lucky) has neither decided nor planned to set up any cement plant in India.” Local media repor... |
Lucky Cement eyes Sri Lanka grinding project29 November 2012, Published under Cement NewsPakistan’s largest cement producer Lucky Cement is considering the construction of a 500,000tpa grinding plant in Sri Lanka as part of its plan to expand its presence overseas. Bloomberg newswires quoted chief executive Muhammad Ali Tabba as saying that the firm has sought state land to build a factory. Pakistan's Tatta Cement has already been given a concession to build a grinding plant in Sri Lanka's Hambantota port. The company is also constructing a 1.2Mta plant in Congo and a grin... |
Lucky’s US$160m Vietnam investment short on raw materials26 November 2012, Published under Cement NewsChen Liang-chuan, the founder of the Taiwan-based Lucky Cement Corp, may see his US$160m into He Duong Cement Co, Nin Binh, Vietnam in 2008 evaporate as the project has found itself suddenly without adequate raw material sources, according to Venews. Chen Liang-chuan was awarded by the local government the right to mine a 72ha limestone field for 49 years. The project was approved by Nguyen and related ministries. However, just as the plant’s two new 4Mta production lines were about to st... |
Lucky Cement plans Indian plant23 November 2012, Published under Cement NewsPakistani cement producer Lucky Cement has expressed interest in establishing a manufacturing plant in India. “Currently, Lucky Cement is contemplating having a direct presence in India once it has achieved key understanding of the Indian market and the opportunities it may offer,” said a spokesperson. “At present, Lucky Cement is seeking guidance both from the Pakistan and Indian government authorities on the existing FDI policy.” If it is realised the investment would be a modest bu... |