Lucky Cement Limited, also known as Lucky Group, is a Pakistani conglomerate headquartered in

Karachi Karachi is the capital city of the Administrative units of Pakistan, province of Sindh, Pakistan. It is the List of cities in Pakistan by population, largest city in Pakistan and 12th List of largest cities, largest in the world, with a popul ...

Sindh Sindh ( ; ; , ; abbr. SD, historically romanized as Sind (caliphal province), Sind or Scinde) is a Administrative units of Pakistan, province of Pakistan. Located in the Geography of Pakistan, southeastern region of the country, Sindh is t ...

. Named after the place,

Lakki Marwat Lakki Marwat or Lakki (Urdu and ) is the headquarters of Lakki Marwat District in Khyber Pakhtunkhwa province of Pakistan. Lakki Marwat has become List of cities in Khyber Pakhtunkhwa by population, one of the fastest growing cities in Khyber P ...

, where the first plant was commissioned in 1993, Lucky has become one of the largest cement producers in Pakistan. It has 15.3 million tonnes per annum of manufacturing capacity. The company is listed on the

Pakistan Stock Exchange The Pakistan Stock Exchange (PSX), founded as Karachi Stock Exchange (KSE), is a stock exchange based in Karachi, Pakistan. PSX was classified by MSCI as a frontier market on 8 September 2021. Pakistan Stock Exchange was founded in 1947 as ...

History

Lucky Cement Limited was founded in 1993 by Abdul Razzak Tabba. It established a cement manufacturing plant in Pezu located in

Lakki Marwat District Lakki Marwat (, ) is a Districts of Pakistan, district in the Bannu Division of the Khyber Pakhtunkhwa province of Pakistan. It was created as an administrative district on 1 July 1992, prior to which it was a tehsil of Bannu District. Geogra ...

of the

Khyber Pakhtunkhwa Province Khyber Pakhtunkhwa (; ; , ; abbr. KP or KPK), formerly known as the North West Frontier Province (NWFP), is a province of Pakistan. Located in the northwestern region of the country, Khyber Pakhtunkhwa is the fourth largest province of Paki ...

. Along with 2 other plans located in Karachi. In 1994, Lucky Cement was listed on the

Karachi Stock Exchange The Pakistan Stock Exchange (PSX), founded as Karachi Stock Exchange (KSE), is a stock exchange based in Karachi, Pakistan. PSX was classified by MSCI as a Frontier markets, frontier market on 8 September 2021. Pakistan Stock Exchange was fou ...

following an

initial public offering An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investm ...

. Over the years, Lucky Cement has expanded its business operations with a plant in Nooriabad,

Jamshoro District Jamshoro District (, ) is a Districts of Sindh, Pakistan, district of Sindh province, Pakistan. Jamshoro city is the capital while Kotri is the largest city of the Jamshoro District. The district borders Dadu district to the north. To the east, th ...

and two field plants at Karachi on Super Highway. It exports its loose cement using its own loading and storage terminal at Karachi Port, which has a capacity of 24,000 tons of cement. In June 2024, the

global depository receipt A global depository receipt (GDR and sometimes spelled ''depositary'') is a general name for a depositary receipt where a certificate issued by a depository bank, which purchases Share (finance), shares of foreign companies, creates a Security ( ...

s of Lucky Cement were delisted from the

London Stock Exchange The London Stock Exchange (LSE) is a stock exchange based in London, England. the total market value of all companies trading on the LSE stood at US$3.42 trillion. Its current premises are situated in Paternoster Square close to St Paul's Cath ...

Shareholding

Lucky Cement is owned by a

corporate group A corporate group, company group or business group, also formally known as a group of companies, is a collection of parent and subsidiary corporations that function as a single economic entity through a common source of control. These types of gr ...

called Yunus Brothers Group and its subsidiaries including Gadoon Textile Mills, Lucky Textile Mills, and Yunus Textile Mills, all based in Karachi.Lucky Cement Limited - a brief profile
Business Recorder, Published 16 June 2005, Retrieved 17 November 2020 It is one of four companies that collectively control 19.3% of the total market capitalization on the Pakistan Stock Exchange (PSX).

Products

In 2017, the company was producing Ordinary Portland Cement, Sulphate Resistant Cement, Block Cement and Clinker and had about an 18 percent share of the Pakistani cement market.

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 Company (HESCO). and is now in the process of providing electricity to Peshawar Electric Power Company. Geared to

sustainable growth Sustainable development is an approach to growth and human development that aims to meet the needs of the present without compromising the ability of future generations to meet their own needs.United Nations General Assembly (1987)''Report of th ...

, The YB Group has diversified into the power generation sector by investing into Lucky Electric Power Company Limited. The company is a wholly owned subsidiary of Lucky Cement. It is the largest importer of coal with Lucky Cement Limited investing in a 660MW coal-based power project in

Bin Qasim Town Bin Qasim () is one of the six administrative subdivision of Malir District in Karachi, Pakistan, lying in the eastern part of the city, north of Port Qasim. It is headed by an Assistant Commissioner. Location Bin Qasim was located in the ...

. In July 2020,

K-Electric K-Electric Limited (KE), formerly known as Karachi Electric Supply Company Limited or Karachi Electric Supply Corporation Limited, is a Pakistani utility company based in Karachi. Privatised in 2005, KE is the only vertically integrated utili ...

Limited (Karachi) and Lucky Cement signed an agreement whereby K-Electric would buy up to 6 megawatt (MW) of electricity from Lucky Cement to be supplied to DHA City, Karachi being developed along Superhighway.

Alternate fuel

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

Sustainability reporting

In 2012, Lucky Cement was the only company in Pakistan to receive an A+ rating by

Global Reporting Initiative The Global Reporting Initiative (known as GRI) is an international independent standards organization that helps businesses, governments, and other organizations understand and communicate their impacts on issues such as climate change, human rig ...

(GRI) of

Netherlands , Terminology of the Low Countries, informally Holland, is a country in Northwestern Europe, with Caribbean Netherlands, overseas territories in the Caribbean. It is the largest of the four constituent countries of the Kingdom of the Nether ...

, for its Sustainability Report for 2012. In 2019, Lucky Cement again won a second position in the cement category in the "Best Corporate & Sustainability Report Awards 2019" awarded by the Institute of Chartered Accountants of Pakistan (ICAP) and the

Institute of Cost and Management Accountants of Pakistan An institute is an organizational body created for a certain purpose. They are often research organisations (research institutes) created to do research on specific topics, or can also be a professional body. In some countries, institutes c ...

(ICMAP).

Subsidiaries

* Lucky Core Industries (55%), formerly known as ICI Pakistan * Lucky Electric Power Company Limited (100%), a power plant in Karachi *

Lucky Motor Corporation Lucky Motor Corporation (LMC) is a Pakistani automobile manufacturer and distributor which is a subsidiary of Lucky Cement. History It was founded in 2017 for the purpose of assembling and distributing automobiles from the South Korean automob ...

(71.55%), manufactures

Kia Kia Corporation (, formerly known as Kyungsung Precision Industry (京城精密工業) and Kia Motors Corporation) is a South Korean multinational automobile manufacturer headquartered in Seoul, South Korea. It is South Korea's second larges ...

and

Peugeot Peugeot (, , ) is a French automobile brand owned by Stellantis. The family business that preceded the current Peugeot companies was established in 1810, making it the oldest car company in the world. On 20 November 1858, Émile Peugeot applie ...

cars in Pakistan * Lucky Rawji (50%), a cement factory in

Democratic Republic of Congo The Democratic Republic of the Congo (DRC), also known as the DR Congo, Congo-Kinshasa, or simply the Congo (the last ambiguously also referring to the neighbouring Republic of the Congo), is a country in Central Africa. By land area, it is t ...

* Najmat Al Samawa (50%), a cement factory in

Iraq Iraq, officially the Republic of Iraq, is a country in West Asia. It is bordered by Saudi Arabia to Iraq–Saudi Arabia border, the south, Turkey to Iraq–Turkey border, the north, Iran to Iran–Iraq border, the east, the Persian Gulf and ...

* Yunus Energy Limited (20%), a

wind power Wind power is the use of wind energy to generate useful work. Historically, wind power was used by sails, windmills and windpumps, but today it is mostly used to generate electricity. This article deals only with wind power for electricity ge ...

plant in

Jhimpir Jhimpir () is a village in Thatta District, Sindh, Pakistan. It is situated 114 km away from Karachi. It is the site of Pakistan's first wind power project. However, Jhimpir has a railway station and train service is available for Karachi ...

Investments

In October 2023, Lucky Cement's board of directors announced a decision to invest up to Rs.4 billion in Lucky Core Ventures (Private) Limited and National Resources (Private) Limited, a

Balochistan Balochistan ( ; , ), also spelled as Baluchistan or Baluchestan, is a historical region in West and South Asia, located in the Iranian plateau's far southeast and bordering the Indian Plate and the Arabian Sea coastline. This arid region o ...

-based mining company. In 2024, Lucky Cement and Fatima Fertilizer Company acquired a direct stake in National Resources (Private) Limited.

References

External links

* {{DEFAULTSORT:Lucky Cement Yunus Brothers Group Cement companies of Pakistan Manufacturing companies established in 1993 Companies listed on the Pakistan Stock Exchange Companies in the KSE 100 Index Pakistani brands Conglomerate companies of Pakistan Manufacturing companies based in Karachi Pakistani companies established in 1993