 | |
| Company type | Public |
|---|---|
| PSX: LUCK KSE 100 component KSE 30 component | |
| Founded | 1993 |
| Founder | Abdul Razzak Tabba |
| Headquarters | , |
Number of locations | Pezu,Lakki Marwat District,Nooriabad,Jamshoro |
Key people | |
| Products | Ordinary Portland Cement Sulphate Resistant Cement Clinker Block Cement |
| Revenue |  Rs. 489.363 billion (US$1.7 billion) (2024) |
| Rs. 65.555 billion (US$230 million) (2024) | |
| Total assets | Rs. 659.661 billion (US$2.3 billion) (2024) |
| Total equity | Rs. 310.631 billion (US$1.1 billion) (2024) |
Number of employees | 2,626 (2023) |
| Parent | Yunus Brothers Group |
| Subsidiaries |
|
| Website | lucky-cement |
| Footnotes / references Financials as of 30 June 2024[update][1] | |
Lucky Cement Limited, also known asLucky Group, is a Pakistaniconglomerate headquartered inKarachi,Sindh.[2] Named after the place,Lakki Marwat, where the first plant was commissioned in 1993, Lucky has become one of the largest cement producers in Pakistan.[3] It has 15.3 million tonnes per annum of manufacturing capacity.[4] The company is listed on thePakistan Stock Exchange.
Lucky Cement Limited was founded in 1993 by Abdul Razzak Tabba.[5][6] It established a cement manufacturing plant inPezu located inLakki Marwat District of theKhyber Pakhtunkhwa Province.[7] Along with 2 other plans located in Karachi.[2]
In 1994, Lucky Cement was listed on theKarachi Stock Exchange following aninitial public offering.[8]
Over the years, Lucky Cement has expanded its business operations with a plant inNooriabad,Jamshoro District,Sindh and two field plants at Karachi onSuper Highway.[7] 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.[9][10]
In June 2024, theglobal depository receipts of Lucky Cement were delisted from theLondon Stock Exchange.[11]
Lucky Cement is owned by acorporate group called Yunus Brothers Group and its subsidiaries including Gadoon Textile Mills, Lucky Textile Mills, and Yunus Textile Mills, all based in Karachi.[7][12] It is one of four companies that collectively control 19.3% of the total market capitalization on the Pakistan Stock Exchange (PSX).[12]
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.[3][13]
The company is producing enough electricity to not only fulfil its own requirements but has also started supplying electricity toHyderabad Electric Supply Company (HESCO).[14] and is now in the process of providing electricity toPeshawar Electric Power Company.
Geared tosustainable growth, 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 inBin Qasim Town.[15]
In July 2020,K-Electric 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 toDHA City, Karachi being developed alongSuperhighway.[16]
Lucky Cement has shifted its focus to alternate fuel such asTDF andRDF.[17]
In 2012, Lucky Cement was the only company in Pakistan to receive an A+ rating byGlobal Reporting Initiative (GRI) ofNetherlands, for its Sustainability Report for 2012.[18]
In 2019, Lucky Cement again won a second position in the cement category in the "Best Corporate & Sustainability Report Awards 2019" awarded by theInstitute of Chartered Accountants of Pakistan (ICAP) and theInstitute of Cost and Management Accountants of Pakistan (ICMAP).[19]
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, aBalochistan-based mining company.[22]
In 2024, Lucky Cement andFatima Fertilizer Company acquired a direct stake in National Resources (Private) Limited.[23]
