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MPS Preview: High for Longer

LUCK successfully completes construction and installation of additional Line of 3.15 MTPA

VIS reaffirms entity ratings of Lucky Cement
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December 22, 2022 (MLN): Lucky Cement Limited (LUCK) has successfully completed construction and installation work with respect to the Brownfield Expansion of additional line of 3.15 million tons per annum (MTPA) at our manufacturing site at Pezu, Khyber Pakhtunkhwa.

As per notice sent to PSX company stated, “The new line is now operational and production of clinker has commenced from December 22, 2022.”

Furthermore, the total production capacity of the company (North and South plants included) now stands enhanced to 15.3 MTPA from the previous capacity of 12.15 MTPA.

“Post the successful completion of the aforesaid Brownfield Expansion, LUCK holds its rank and prominence as the largest manufacturer and exporter of cement and clinker in Pakistan”, the company added.

Also, LUCK's overall cement manufacturing capacity, including facilities located in Iraq and the Democratic Republic of Congo, now stands at 19.7 MTPA.

Besides the cement segment, LUCK's industrial footprint includes power generation, automobiles, chemicals, pharmaceuticals and mobile phone assembling through its subsidiaries.

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Posted on: 2022-12-22T15:02:02+05:00