Cement News tagged under: Lucky Cement

RSS feed

New DR Congo project set for financial close

02 December 2013, Published under Cement News

Lucky Cement is in the process of negotiating finance terms and conditions with multilateral and financial institutions for a 1.8Mta cement plant in the DR of Congo. With most of the loan terms agreed upon, the Pakistan-based cement producer expects financial close over the December 2013-January 2014 period. The greenfield project is a joint venture between Lucky Cement and Groupe Rawaji in the DR of Congo. Senior management for the new company are already in place, with the CEO appoin...

Lucky Cement first-quarter profit up 26%

31 October 2013, Published under Cement News

Pakistan’s largest cement producer, Lucky Cement, reported a rise in profit of 26 per cent in the first quarter of the current fiscal. The company recorded after-tax profit of PKR2.54bn (US$23.8m) or earnings per share of Rs7.87 compared to profit of PKR2.01bn or EPS of Rs6.23 in the previous quarter. Revenues rose 20 per cent YoY to PKR10.6bn in the first quarter of 2013-14 against sales of PKR8.85bn in the same period of last year. Operating cost fell 22 per cent to PKR975m, which wa...

Lucky Cement wins Green Supply Chain Award, Pakistan

14 October 2013, Published under Cement News

Pakistan's leading producer, Lucky Cement, has won the Green Supply Chain Award for its sustainable operations and logistics network at the 3rd International Shipping, Logistics and Supply Chain conference held in Karachi. The conference and awards were organized by the Publicity Channel with the support of United Nations Environment Program (UNEP) in acknowledgment of the companies that are making sustainability a core part of their supply chain strategy. Commenting on this latest acc...

Lucky Cement full-year profit rises 47%

18 September 2013, Published under Cement News

Pakistan-based producer Lucky Cement reported a 47 per cent increase in full-year profit and is optimistic on the outlook for domestic consumption but cautions that challenges remain. Net income rose to a record PKR10bn (US$95m) in the 12 months ended 30 June from PKR6.78bn a year earlier. Gross sales rose 63 per cent to PKR63.9bn.  The rise in profit is being attributed to an 11 per cent increase in cement prices which climbed to PKR458/50kg bag.  “The consumption of cement in the co...

Lucky Cement joint venture prepares to break ground on new DR Congo plant

30 May 2013, Published under Cement News

Nyumba Ya Akiba (NYA), a joint venture between Pakistan-based Lucky Cement and the Rawji Group of the Democratic Republic of Congo, is set to break ground on a new 1.2Mta integrated works at the end of next month. The new facility, to be situated 250km from the DR Congo capital on the main Kinshasa-Matadi Highway, will host a groundbreaking ceremony on 30 June 2013, a Lucky Cement spokesperson told CemNet News. NYA has already finalised its plant and machinery purchase contract with FLSmid...

Lucky Cement's nine-month net profit ahead, Pakistan

01 May 2013, Published under Cement News

Lucky 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 CFO

12 March 2013, Published under Cement News

Lucky Cement has appointed Muhammad Faisal to be its chief financial officer. ??He replaces Muhammad Abid Ganatra.

Lucky Cement first-half boosted by higher prices, Pakistan

29 January 2013, Published under Cement News

Pakistan’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', Pakistan

20 December 2012, Published under Cement News

Pakistan 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 India

04 December 2012, Published under Cement News

Pakistan’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...