Cement News tagged under: Lucky Cement
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... |
Lucky Cement 1Q net rises, updates on international expansion26 October 2012, Published under Cement NewsLucky Cement has reported a strong rise in profit after tax for the first quarter of the current fiscal year and provided a progress update on its expansion into Iraq and Democratic Republic of Congo. The company declared an after tax profit of PKR2014m (US$21m) for the quarter ending 30 September 2012, representing an increase of 33.79 per cent higher than the same period of last year, thanks to higher domestic sales. Gross profit increased by 32.87 per cent as net sales revenue improve... |
Lucky Cement wins sustainability award, Pakistan11 October 2012, Published under Cement NewsLucky Cement Limited, Pakistan's largest cement manufacturer and exporter, has received the Best Sustainability Report and the Best Corporate Report Awards - 2011. Lucky Cement secured overall Top position in the category for Best Sustainability Report Award, whereas its Corporate Report received 1st position in cement and sugar category. ??These awards for year 2011 were announced in a ceremony by the Institute of Chartered Accountants of Pakistan and the Institute of Cost and Management... |