Cement News tagged under: Lucky Cement
Domestic dispatches rise and exports fall in January06 February 2023, Published under Cement NewsPakistan's total cement industry dispatches increased by 1.2 per cent in January 2023 to 4.01Mt from 3.96Mt dispatched during the same month of last fiscal year. Local cement dispatches advanced by 5.2 per cent YoY to 3.587Mt in January 2023 from 3.409Mt in January 2022. However, exports dispatches declined by 24.1 per cent as volumes fell from 551,006t in January 2022 to 418,067t in January 2023, says the All Pakistan Cement Manufacturers Association (APCMA). Moving forward, the manage... |
Lucky Cement increases profit by 23% in 1HFY21-2231 January 2023, Published under Cement NewsPakistan cement producer Lucky Cement Ltd has announced its financial results for the half-year ending 31 December 2022. It reported a profit after tax of PKR7.128bn (US$27.4m) compared to PKR5.744 earned in the corresponding period last year, a growth of 23 per cent YoY. According to a notification of the company to the Pakistan Stock Exchange (PSX), Lucky Cement’s sales increased by 21 per cent to PKR45.333bn from PKR37.549bn during the same period last year. It incurred adistributio... |
Lucky Cement chairman passes away04 January 2023, Published under Cement NewsThe chairman of Pakistan’s largest cement producer, Lucky Cement Ltd, Muhammed Yunus Tabba, died on 2 January 2023 peacefully, according to a family announcement of the company through local media. Lucky Cement is one of Pakistan’s largest producers and leading exporters of quality cement. The company’s total production capacity (including northern and southern plants) has increased to 15.3Mta from the previous figure of 12.15Mta. Last month, in a regulatory filing, GM Finance and Compa... |
Lucky Cement becomes the largest cement producer in Pakistan23 December 2022, Published under Cement NewsLucky Cement Ltd informed Pakistan Stock Exchange (PSX) on 22 December that construction and installation work concerning the brownfield expansion of the additional line of 3.15Mta at its manufacturing site at Pezu , Khyber Pakhtunkhwa (KPK), has been completed within the planned project timelines. In a regulatory filing, GM Finance and Company Secretary, Faisal Mahmood, said the new line is operational and clinker production commenced on 22 December 2022. The company’s total producti... |
APCMA elects new executive committee23 November 2022, Published under Cement NewsMuhammad Ali Tabba, chief executive of Lucky Cement , has been appointed chairman of the All Pakistan Cement Manufacturers Association (APCMA) for the 12 months ending September 2023. Senior vice chairman of the APCMA over the same period has been named as Kohat Cement ’s Aizaz Mansoor Sheikh, while Attock Cement ’s Babar Bashir Nawaz has been elected vice chairman. Also elected were eight executive committee members, including: Sayeed Tariq Saigol ( Maple Leaf Cement ) Azam Fa... |
Lucky Cement's green energy uses will increase in FY2307 November 2022, Published under Cement NewsAKD Research has termed Lucky Cement Pakistan’s largest cement conglomerate. The year 2023 will be a new milestone year for Lucky Cement with its expanded capacity and adherence to ESG compliance . The company will continue to dominate the market share. With the completion of the 3.15Mta expansion at its Pezu plant in December 2022, the company's total cement capacity would increase from 12.15Mta to 15Mta, resulting in its market share to increase from 14.8 per cent to 17.3 per cen... |
Lucky Cement reports Pezu expansion on track28 October 2022, Published under Cement NewsLucky Cement Ltd announced that the company’s 3.15Mt brownfield cement expansion at Pezu remains on track to be commissioning by December 2022. A 34MW solar power project is set to be commissioned at the site in the 2Q22-23. The company has also planned a 25.3MW solar power project it its Karachi plant, where it awaits permission from the State Bank of Pakistan to establish a letter of credit. Lucky Cement’s subsidiary in Najmat-Al-Samawah, Iraq, has switched to natural gas from furnace... |
Pakistani producers to expand cement capacities26 October 2022, Published under Cement NewsIn a cement sector update, MS Research has stated that four companies in Pakistan are expected to add extra capacity in FY22-23, lifting the current 70Mta of capacity by 11.7Mta by end March 2023. According to market sources and company announcements, Bestway Cement’ s (BWCL) greenfield expansion of 2.2Mta in Mianwali, Punjab, and Fauji Cement’ s (FCCL) 2Mta brownfield expansion in Nizampur, Khyber Pakhtunkhwa, have recently commenced trial operations. As both plants are located in the ... |
Lucky Cement to install 25.3MW captive solar power plant15 September 2022, Published under Cement NewsGM Finance and Company Secretary of Lucky Cement Ltd, Faisal Mahmood, informed Pakistan Stock Exchange (PSX) that following a feasibility study for a renewable energy project, the company has entered into an arrangement with Orient Energy Systems (Pvt) Ltd for the supply and installation of a 25.3MW captive solar power project at its Karachi plant . The estimated project cost is PKR3bn (US$12.75m),and the company is in the process of establishing Letters of Credit to import equipment... |
Lucky Cement wins environmental award19 August 2022, Published under Cement NewsLucky Cement Ltd has won the Environment Excellence Award at the 19th Annual Environment Excellence Awards 2022, organised by The National Forum of Environment and Health (NFEH). Lucky Cement received the award in recognition to its commitment towards sustainable development and contribution towards protecting the overall environment for a greener Pakistan. |