Cement News tagged under: Lucky Cement
Gas price increase expected for Pakistan's cement industry24 October 2023, Published under Cement NewsAccording to local reporters, Pakistan's government will likely increase gas prices for commercial and domestic users to meet some conditionality of the IMF programme and overcome losses of gas utility companies, gas price adjustments, and gas sector circular debts. The increase in gas prices would also be effective in the cement industry. The Economic Coordination Committee (ECC) is expected to approve gas price increases across the board (excluding protected consumers). The hikes range fr... |
Lucky Cement Ltd wins award for Best Corporate Report – 202217 October 2023, Published under Cement NewsPakistan’s Lucky Cement Ltd has won the Best Corporate Report Award in the cement sector category at the “Best Corporate & Sustainability Report Awards Ceremony – 2022”. The recognition was jointly announced by the Institute of Chartered Accountants of Pakistan (ICAP) and the Institute of Cost and Management Accountants of Pakistan (ICMAP). Atif Kaludi, CFO of Lucky Cement Ltd, said, “At Lucky Cement Ltd, we consider governance, compliance, ethics, and transparency as the foundational p... |
Crafters Polypropylene Packages achieves record AD*STAR production06 October 2023, Published under Cement NewsBy producing 199,000 AD*STAR block bottom sacks in 24 hours on a single conversion line, Crafters Polypropylene Packages (PVT) Ltd has achieved a production record that has never been reached before for this type of sack. Crafters supplies the AD*STAR sacks primarily to the cement industry, one of its main customers being Pakistan’s biggest cement producer, Lucky Cement . With a sack weight of 65g for a filling volume of 50kg, AD*STAR sacks are currently the most lightweight type of sack... |
Lucky Cement receives the 38th Corporate Excellence Award06 October 2023, Published under Cement NewsLucky Cement Ltd has won the Management Association of Pakistan’s (MAP) Top Corporate Excellence Award 2023 in the Industrial Category amongst all corporate sector organisations in Pakistan. Noman Hasan, executive director of Lucky Cement Ltd, received the award at the 38th MAP Annual Corporate Excellence Award Ceremony, held at the Marriott Hotel in Karachi on 4 October 2023. The Corporate Excellence Awards were instituted by MAP in 1982 to recognise and honour companies showing out... |
Lucky Cement announces three new green power projects19 September 2023, Published under Cement NewsPakistan’s Lucky Cement has announced further investments in green power to help reduce its dependence on imported fuel. According to Business Recorder, the cement producer is launching three new renewable projects with a total power generation capacity of 37.6MW, in addition to the 25MW and 34MW solar power projects recently commissioned at its Karachi and Pezu plants, respectively. The new investments include a 28.8MW captive wind power plant at its Karachi works, a 6.3MW solar powe... |
Lucky Cement invested PKR100bn in the last few years07 September 2023, Published under Cement NewsLucky Cement ( Yunus Brothers Group) has invested over PKR100bn (US$325.3m) in the past 4-5 years, which includes PKR30bn in Lucky Electric Power Co (LEPCL), PKR50bn in cement operations and PKR15bn in auto segments. A top official of Lucky Cement shared this information during last week's corporate briefing. It is important to note here that during FY22-23, company profitability was down due to cement demand contraction and the imposition of super tax. Its local cement volumes were ... |
Lucky Cement achieves another milestone for solar energy22 August 2023, Published under Cement NewsLucky Cement ’s GM Finance and Company Secretary, Faisal Mahmood, informed the Pakistan Stock Exchange (PSX) on 21 August 2023 about the successful completion and commissioning of its 25MW captive solar power plant located at its manufacturing site in Karachi. The project was executed within the stipulated timelines and has commenced operations as of 20 August 2023. Lucky Cement’s installed power generation capacity for self-consumption from renewable sources now stands at 39 per cent, i... |
Lucky Cement awarded 20th annual environment excellence award 202311 August 2023, Published under Cement NewsLucky Cement Ltd received the environment excellence award at the 20th Annual Environment Excellence Awards 2023, organised by The National Forum of Environment and Health (NFEH), recognising its commitment to sustainable development and contribution towards protecting the overall environment for a greener Pakistan. Chief Operating Officer of Lucky Cement Ltd, Amin Ganny , said, “We at Lucky Cement believe in environment-friendly practices and are committed to conserving the en... |
Lucky Cement earned a net profit of PKR13.7bn in FY22-2309 August 2023, Published under Cement NewsLucky Cement earned an after-tax profit of PKR13.7bn (US$47,687m) in FY22-23 as compared to PKR15.3bn reported last year, mainly on account of higher tax charges because of the levy of super tax at 10 per cent on a perpetual basis in the Finance Act 2023. Lucky informed the Pakistan Stock Exchange (PSX) that its gross sales revenue increased by 15.9 per cent compared to last year. Although the local sales volumes declined by 14.9 per cent, the sales revenue increased by 16.9 per cent (... |
Lucky Cement receives KCCI Export Trophy Award27 July 2023, Published under Cement NewsLucky Cement Ltd ( Yunus Brothers ) has received the KCCI Export Trophy Awards for its outstanding achievements in the international market. CEO of Lucky Cement Ltd, Muhammad Ali Tabba, was honoured with the prestigious KCCI Platinum Export Trophy Award for the company’s exceptional performance in the cement sector from 2020-21. Mr Tabba expressed his gratitude for the recognition, stating, “We are immensely proud to be acknowledged by the KCCI.” He added, “We focus on implementing adva... |