Lucky Cement Limited (LUCK PA) has notified for the commencement of its 1.30mn tons Brownfield cement expansion at its Karachi Plant .The line was commissioned on December 12, 2017.
The total cement production capacity of the company has now increased from previous 7.75 million tons to 9.35 million tons per annum. This is also due to the addition of the New Line plant in Karachi for 1.30 million tons and certain efficiency improvements in other two productions in the North Plant for another 0.3 million tons.
This makes Lucky the biggest cement player in the country.
At the time of filing this report, LUCKY’s script at the bourse was trading at Rs445.11 down by Rs-9.70 or -2.13% with the KSE 100 down by -230.04 points trading at 38414.26 index level.
About Lucky Cement Ltd.
Lucky Cement Limited (LCL) is one of the largest producers and leading exporters of quality cement in Pakistan, with a production capacity of 7.75 million tons per annum which has now increased. The company is listed on Pakistan and London Stock Exchanges.
Lucky Cement Limited currently has the capacity of producing 25,000 tons per day of dry process Cement which will increase in the near future.
Furthermore, the company has diversified into power generation by investing in a 660 MW coal-based power project in Karachi. Also the acquisition of ICI Pakistan is another noteworthy move towards the expansion of Lucky Cement’s industry portfolio.