Cement News tagged under: Lucky Cement

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Lucky Cement becomes the largest cement producer in Pakistan

23 December 2022, Published under Cement News

Lucky 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 committee

23 November 2022, Published under Cement News

Muhammad 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 FY23  

07 November 2022, Published under Cement News

AKD 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 track

28 October 2022, Published under Cement News

Lucky 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 capacities

26 October 2022, Published under Cement News

In 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 plant

15 September 2022, Published under Cement News

GM 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 award

19 August 2022, Published under Cement News

Lucky 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.

Steep fall in Pakistan cement exports in July 2022

17 August 2022, Published under Cement News

Pakistan began the new fiscal (July 2022) by registering lower cement and clinker exports in value and volume terms, with declines seen on both a MoM and YoY basis. Experts attribute the decline to the global economic slowdown, supply chain disruptions and higher sea freight charges.  Low export prices coupled with increasing coal prices made exports unattractive during the first month of the new fiscal, according to AKD Research. The negative trend was also observed last year, and domest...

Lucky Cement's domestic capacity to rise to 15.3Mta

09 August 2022, Published under Cement News

Lucky Cement Ltd  announced its financial results for the 4QFY21-22 (April-June 2022) on 5 August 2022 and held a corporate briefing session at the Pakistan Stock Exchange (PSX) to discuss the company’s outlook.  Expansion of the Pezu cement plant in Pakistan's Khyber Pakhtunkhwa province to 3.15Mta is progressing well and is expected to cost PKR30bn (US$133.6m), according to Lucky Cement. This brownfield expansion in the north of the country is scheduled to come on-line in December 2022...

Margins affected by 10% super tax

08 August 2022, Published under Cement News

Pakistan cement companies listed on the Pakistan Stock Exchange (PSX) are scheduled to announce their financial results for FY21-22 in August-September. The cement industry has fingers crossed to see their top line, which is likely to be impacted by the government's imposition of a one-time surcharge on the previous year's income. The Inter Market Securities Ltd estimated that higher tax and interest would chop earnings of the top seven companies.  IMS Cement Universe's (comprising Lucky ...