Lucky Cement

Lucky Cement
Private
Traded as PSX: LUCK
Founded 1996
Founder Abdul Razzak Tabba[1]
Headquarters Karachi, Pakistan
Number of locations
 Pezu, Lakki Marwat District, Noriabad, Karachi
Key people
Muhammad Ali Tabba
Nauman Hassan
Intisar ul Haq Haqqi
Products Ordinary Portland Cement
Sulphate Resistant
Cement Clinker
Block Cement
Parent Yunus Brothers Group
Website www.lucky-cement.com

Lucky Cement Limited (LCL) (Urdu: لکی سیمنٹ‎) is the largest[2] cement producer in Pakistan. Its shares are traded on the Karachi Stock Exchange, and are part of the KSE 100 Index. Its symbol in the KSE is 'LUCK'. The company's highest share price was PKR 1043.50, in May 2017[3] Lucky Cement is a part of one of the largest business groups in Pakistan, the Yunus Brothers Group.[4]

Lucky Cement Limited recorded its highest ever profit after tax of Rs 13.69 billion for the year ending 30 June 2017[5].

History

Lucky Cement Limited was founded in 1993 by Abdur Razzak Tabba. The company started with factories in the Pezu located in Lakki Marwat District district of the North West Frontier Province (N.W.F.P). It now, also, owns a factory in Karachi.

Lucky Cement Limited (LCL) is one of the largest producer and leading exporter of quality cement in Pakistan with the production capacity of 7.75 million tons per annum. The company is listed on Karachi, Lahore, Islamabad and London Stock Exchanges.

Over the years, the Company has grown substantially and is expanding its business operations with production facilities at strategic locations in Karachi to cater to the Southern regions, Pezu and Khyber Pakhtunkhwa to furnish the Northern areas of the country. Lucky Cement has a network of over 200 dealers which enables it to dominate the local market and is Pakistan’s first company to export sizeable quantities of loose cement being the only cement manufacturer to have its own loading and storage terminal at Karachi Port.

Lucky Cement Limited has been sponsored by one of the largest business groups in Pakistan, the Yunus Brothers Group based in Karachi.

Products

In 2017 the company was producing Ordinary Portland Cement, Sulphate Resistant Cement, Block Cement and Clinker.[6]

Power Generation

The company is producing enough electricity to not only fulfil its own requirements but has also started supplying electricity to Hyderabad Electric Supply Corporation[7] and is now in the process of providing electricity to Peshawar Electric Supply Corporation.

Geared to a sustainable growth, The YB Group has diversified into the power generation sector by investing into Lucky Electric Power Company Limited (LEPCL). The company is a wholly owned subsidiary of LCL Holding Limited making it an indirect subsidiary of Lucky Cement Limited. Being the largest importer of coal, Lucky Cement Limited decision of investing in 660MW coal-based power project in Karachi will create synergy amongst its existing diversified business portfolio.[8]

Alternate Fuel

Lucky Cement has shifted its focus to alternate fuel such as TDF and RDF.[9]

Sustainability Reporting

In 2012 Lucky Cement was the only company in Pakistan to receive an A+ rating by Global Reporting Initiative (GRI) of Netherlands, for its Sustainability Report for 2012.[10]

Certifications and awards

Lucky Cement is an ISO 9001:2008 and 14001:2004 certified company.

References

  1. ↑ ".:: Company Profile - Lucky Cement ::". www.lucky-cement.com.
  2. ↑ "Pakistan's Lucky Cement raises $109 mln via GDRs". Reuters. May 8, 2008. Retrieved 2017-12-13.
  3. ↑ "Lucky Cement Ltd, LUCK:KAR forecasts - FT.com". markets.ft.com. Retrieved 2017-12-13.
  4. ↑ Lucky Cement/
  5. ↑ http://www.brecorder.com/2017/07/31/362277/lucky-cement-records-rs13-69bn-profit/
  6. ↑ ".:: Products | Lucky Cement ::". www.lucky-cement.com. Retrieved 2017-12-13.
  7. ↑ "Surplus generation: Lucky Cement starts powering HESCO".
  8. ↑ "The News International: Latest News Breaking, Pakistan News". www.thenews.com.pk. Retrieved 2017-12-13.
  9. ↑ "Lucky Cement makes history by recording 70.82% increase in Net Profit".
  10. ↑ Reporter, Business Reporter. "Lucky Cement Receives Global Reporting Initiative on Sustainability Report".

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