Cement News tagged under: Lucky Cement

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Lucky Cement receives the 38th Corporate Excellence Award

06 October 2023, Published under Cement News

Lucky 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 projects

19 September 2023, Published under Cement News

Pakistan’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 years

07 September 2023, Published under Cement News

Lucky 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 energy

22 August 2023, Published under Cement News

Lucky 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 2023

11 August 2023, Published under Cement News

Lucky 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 FY22-23

09 August 2023, Published under Cement News

Lucky 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 Award

27 July 2023, Published under Cement News

Lucky 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...

Mixed bag of results for Taiwanese producers in June

11 July 2023, Published under Cement News

Taiwanese cement producers have seen a mixed bag of results for June as well as the opening six months of the year. Universal Cement has reported revenue in June 2023 of TWD604.3m (US$19.26m), up from TWD573.03m in the same month a year earlier. Revenue for the first six months of 2023 came in at TWD3754.7m, compared to TWD3280.9m in the 1H22. Lucky Cement Co also saw its revenue expand in June, coming in at TWD443m, up from TWD334.1m in the same month a year earlier. Revenue for t...

Cement players expect demand in FY24 to remain stable

16 June 2023, Published under Cement News

Topline Securities hosted the Pakistan Cement Conference 2023, where top executives of major cement players Maple Leaf Cement (MLCF), Lucky Cement (LUCK), DG Khan Cement (DGKC), Cherat Cement (CHCC), Kohat Cement (KOHC) and Pioneer Cement (PIOC) participated in the conference through Zoom recently. They ruled out unanimous fears of a price war, stating that it would be unwise to start a price war due to economic conditions and slow demand. However, they believed that major ...

Lucky Cement urges govt to take export measures

07 June 2023, Published under Cement News

Pakistan's business tycoons and economic experts, including the cement industry conglomerate Lucky Cement, have suggested a media debate on the forthcoming federal budget 24, to be presented in parliament on 11 June 2023.  The country aims to apply for another International Monetary Fund (IMF) programme to fulfil its growing foreign debt repayment issues and other liabilities. Recall that the IMF has not yet released the US$1.1bn loan tranche, originally due in November 2022. This altoget...