Cement News tagged under: Lucky Cement

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Iraq and Pakistan discuss co-operation for cement industry

13 April 2017, Published under Cement News

Iraq and Pakistan have discussed close mutual cooperation in the areas of cement, trade and commerce.  While meeting Shamim Ahmed Firpo, president of the Karachi Chamber of Commerce and Industry (KCCI) on 12 April, Ambassador of Iraq in Pakistan, Dr Ali Yasin Mohammed Karim, said that some factories including 18 cement plants were available in Iraq, but they were not working properly as compared to Pakistan’s advanced industrial units and infrastructure. "As factories in Iraq need imp...

Pakistan: Lucky Cement inaugurates WHR plant

14 March 2017, Published under Cement News

Lucky Cement has inaugurated its 10MW fifth Waste Heat Recovery (WHR) power plant in Pezu, Khyber Pakhtunkhwa, Pakistan, on 15 February 2017. The fifth power plant, in collaboration with China-based Sinoma Energy Conservation Ltd became operational last month. Under this project, two 2400tpd cement production lines were used, which will provide sufficient heat for an installed power of 10MW. Speaking of the occasion, Mr Muhammad Ali Tabba, CEO Lucky Cement Ltd, said, "We, being one...

Pakistan: capacity expansion projects reach 27.3Mta

09 March 2017, Published under Cement News

Pakistani cement producers have been announcing capacity expansions at a breakneck pace of late, reports the Business Recorder, which calculates that if all of these are completed the country’s nominal cement production capability will rise by 62 per cent to 72Mta. The Business Recorder also notes that the rise in capacity is broad-based, with all but the smallest of firms increasing their production potential. While the three largest producers – Bestway, Lucky and DG Khan – will remai...

Lucky Cement: Karachi expansion scheduled for end-2017

22 February 2017, Published under Cement News

Lucky Cement Ltd is currently undergoing a series of investments in capex projects. Its 1.25Mta Karachi plant expansion poject is scheduled to be operational by the end of 2017, while the company is still in the process of seeking approvals and necessary authorisations for a 2.3Mta greenfield integrated cement plant in Punjab province. Company officials hope that construction at the Punjab site will start by the end of June 2017.   In addition, the 10MW waste heat and recovery (WHR) syste...

Lucky Cement sees half-year profits rise 12.5% to US$67m

27 January 2017, Published under Cement News

Lucky Cement has announced that its profits rose by 12.5 per cent YoY in the last six months of 2016 to PKR7bn (US$67m). In a statement to the Pakistan Stock Exchange, Lucky revealed that it had sold 3.5Mt of cement and 235,000t of clinker during the first six months of FY17. Cement sales improved over the previous year by 5.4 per cent, while no clinker sales at all took place in the corresponding period in FY16. Cement production also rose to 3.5Mt, up six per cent on FY16, while clin...

Pakistan: Lucky Cement's Pezu plant is operating normally

09 January 2017, Published under Cement News

It has been clarified by a leading research house after consulting management of Lucky Cement in Pakistan that Pezu cement plant was not shut down on account of an environmental issue.   Invest and Finance Securities Lt in a report said that following the news circulating in both local and international news streams that Khyber Pakhtunkhwa (KPK) government closed Lucky Cement’s Pezu plant in Lakki Marwat, owing to its failure to conform to environmental standards, the research house has che...

Pakistan: Lucky Cement considers buying Hattar plant and investing in Iraq

09 December 2016, Published under Cement News

Lucky Cement has announced that it has begun the due diligence process for the purchase of Dewan Cement’s 1.134Mta Hattar plant and that separately it would look to expand its grinding plant in Basra, Iraq, according to Pakistan’s The News. Lucky’s corporate strategy calls for an expansion of its business into northern Pakistan, for which the Hattar plant – located around 25km from Islamabad – is well suited. The Basra plant, which Lucky holds as a joint-venture with an Iraqi partner, ...

Pakistan: gas price reduction to benefit cement manufacturers

28 November 2016, Published under Cement News

The Federal Minister for Finance, Senator Mohammed Ishaq Dar, approved a gas price reduction at a meeting of the Economic Coordination Committee (ECC). The decision will see prices fall from PKR600 to PKR400/mBTU. Lucky Cement, DG Khan Cement and Maple Leaf Cement, each of which operate captive gas-fired power facilities, are set to benefit from the decision with the impact on profitability estimated at 4.1 per cent, 1.6 per cent and 1.2 per cent, respectively.

Pakistan: Lucky Cement 1QFY2017 profits up 16%

28 October 2016, Published under Cement News

In its financial statement for the first quarter of the financial year starting in July, Lucky Cement has declared profits of PKR4.04bn (US$38.6m), the Express Tribune reports. This represents an increase of 16 per cent compared to the same period last year. Revenues were five per cent higher at PKR19.8bn, but much of the gain was driven by non-cement subsidiaries. Considering the cement business in isolation, Lucky’s revenues were PKR10.6bn, up two per cent, on sales of 1.7Mt. Domesti...

Pakistan: Maple Leaf and Lucky Cement plan power plants

24 October 2016, Published under Cement News

Pakistan's two leading cement manufacturers, Maple Leaf Cement Factory (MLCF) and Lucky Cement, have approached the National Electric Power Regulatory Authority (NEPRA) to obtain a formal generation licence for setting up power plants in the country. Maple Leaf Cement has earlier announced that its wholly-owned subsidiary company, Maple Leaf Power Ltd, had signed an agreement with plant supplier Sinoma Energy Conservation Ltd, China, to build a 40MW imported coal-fired power plant at Isk...