Lucky Cement provides insight on its new and ongoing projects in latest report

July 29, 2019 (MLN): Lucky Cement Limited recently released a comprehensive report covering various aspects of its operations, and one such aspect pertained to the company’s new as well as ongoing projects.

With regards to the Brownfield cement plant expansion in Khyber Pakhtunkhwa, the company stated that with the arrival of over fabrication, work at project site is in full swing and remains on target to achieve commercial operations in the second quarter of the financial year 2019-20.

It also shed some light on the investment in 1 x 660 MW, supercritical, coal based power project. According to the report, the construction activity for setting up 660 MW super critical, lignite coal-based power plant is progressing as per project implementation schedule. Target to achieve commercial operations is 1" March 2021.

Regarding investment in Kia Lucky Motors Pakistan Limited, the company revealed that the booking of "SPORTAGE" an SUV being KLM'S first model started on 30th June 2019 and delivery thereof will start from the end of July 2019. The booking of "PICANTO" hatchback being KLM's second model is expected to start in August 2019 and delivery thereof from October 2019.

KLM commenced CKD operations within the originally envisaged project timelines. Its state-of-the-art facility has the capacity to produce 50,000 vehicles per annum on a double shift basis.

About the Greenfield clinker production facility in Samawah, Iraq, the report informed that the first shipment of Plant and Machinery from Sinoma is expected to start from the month of October 2019. The letter of credit for Power Plant has been established and shipment from Wartsila is expected in the month of December 2019. Civil team has been mobilized and contract of mechanical work will be finalized in August 2019 and team will be mobilized accordingly. Target to achieve commercial production is by the end of first quarter of financial year 2020-21.

Copyright Mettis Link News