Dec 1, 1993 CE
Initial Capital Raised from YBG and Partners
Lucky Cement raises initial equity capital from the Yunus Brothers Group and private investors to fund plant construction. #capital #founding
Chronological Storyline (42 Milestones)
1993 CE
Lucky Cement Limited Incorporated
Lucky Cement Limited is incorporated as a private limited company by the Yunus Brothers Group, marking its entry into Pakistan's cement industry. #corporate #cement
By Engro Foundation, Public domain, https://commons.wikimedia.org/w/index.php?curid=154008600
Jul 1, 1994 CE
Land Acquisition for Pezu Plant
Lucky Cement acquires 200 acres of land in Pezu for its first manufacturing facility. #land #acquisition
Mar 1, 1995 CE
Construction Begins at Pezu Plant
Construction of the first production plant in Pezu, Khyber Pakhtunkhwa, commences with an initial capacity of 2,000 tons per day. #industrial #capital
Sep 14, 1996 CE
Commercial Production Starts
Lucky Cement begins commercial production at the Pezu plant, achieving a capacity of 2,800 tons per day. This marks the company's entry into the cement market. #milestone #production
Jun 1, 1997 CE
First Export to Afghanistan
Lucky Cement makes its first export shipment to Afghanistan, initiating its international trade strategy. #export #expansion
May 1, 1998 CE
Listed on Karachi Stock Exchange
Lucky Cement becomes a publicly listed company on the Karachi Stock Exchange (now PSX), providing liquidity and growth capital. #ipo #psx
Jan 1, 1999 CE
ISO 9001 Certification Achieved
Lucky Cement becomes one of the first Pakistani cement companies to obtain ISO 9001 quality management certification. #quality #certification
Apr 1, 2001 CE
Second Production Line Commissioned
A second production line is added at Pezu, doubling capacity to 1.5 million tons per year, driven by growing domestic demand. #capacity #expansion
Dec 1, 2003 CE
Capacity Reaches 2 Million Tons
Through debottlenecking and upgrades, annual capacity surpasses 2 million tons, cementing Lucky Cement as a major player. #growth #industry
Oct 1, 2004 CE
First Dividend Declared
Lucky Cement declares its first cash dividend of PKR 2 per share, marking a return to shareholders. #dividend #milestone
Mar 1, 2005 CE
First Export to India via Wagah
Lucky Cement begins exporting cement to India through the Wagah border, tapping into the large Indian market. #export #india
Aug 1, 2006 CE
Third Production Line Operational
A third production line at Pezu increases capacity to 3.5 million tons per year, with state-of-the-art technology for energy efficiency. #technology #capacity
May 1, 2007 CE
Exports to UAE and Gulf Markets
Lucky Cement begins exporting to the United Arab Emirates and other Gulf countries, diversifying its export destinations. #export #gulf
Jun 1, 2008 CE
Sales Cross PKR 10 Billion
Annual sales revenue exceeds 10 billion Pakistani rupees for the first time, reflecting strong market share. #financial #growth
Jan 1, 2009 CE
Lucky Cement Ranked Among Top 100 Companies
Lucky Cement is ranked among the top 100 companies of Pakistan by the Pakistan Stock Exchange, based on market capitalization. #ranking #psx
Feb 1, 2010 CE
Fourth Production Line Added
Lucky Cement commissions its fourth production line, raising total capacity to over 5 million tons per year. #expansion #capacity
Aug 1, 2011 CE
New Line at Karachi Port
Lucky Cement installs a grinding unit at Karachi Port to facilitate exports, reducing logistical costs. #logistics #export
Sep 1, 2012 CE
Capacity Surpasses 5 Million Tons
With ongoing upgrades, Lucky Cement's annual production capacity exceeds 5 million tons, making it one of Pakistan's largest cement producers. #milestone #production
Jul 1, 2013 CE
Energy Efficiency Initiatives Launched
Lucky Cement invests in waste heat recovery and energy-efficient technologies, reducing carbon footprint and operational costs. #sustainability #energy
Jun 1, 2014 CE
Lucky Cement Enters Chinese Market
Exports to China begin via the Khunjerab Pass, tapping into the Chinese construction boom. #china #export
Nov 1, 2014 CE
Iraq Plant Announced
Lucky Cement announces its first overseas investment: a 1.2 million ton per year cement plant in Samawah, Iraq, marking international expansion. #international #expansion
Mar 1, 2015 CE
Groundbreaking for Iraq Plant
Construction of the Samawah plant officially begins, with expected completion in 2018. #overseas #construction
Jan 1, 2016 CE
Bonus Shares Issued
Lucky Cement issues 20% bonus shares to shareholders, reflecting strong retained earnings and investor confidence. #finance #shareholders
Dec 1, 2016 CE
Rights Issue to Fund Iraq Plant
Lucky Cement launches a rights issue to raise PKR 5 billion for the Iraq plant construction. #finance #rightsissue
Apr 1, 2017 CE
Acquisition of Additional Stake in Lucky Core Industries
Lucky Cement increases its stake in Lucky Core Industries (formerly ICI Pakistan), diversifying into chemicals and other sectors. #merger #acquisition
May 1, 2018 CE
Iraq Plant Begins Commercial Production
The Samawah cement plant in Iraq starts operations, with a capacity of 1.2 million tons per year, serving the Iraqi market. #overseas #production
Jan 1, 2019 CE
Becomes Pakistan's Largest Cement Exporter
Lucky Cement surpasses competitors to become the largest exporter of cement from Pakistan, with shipments to multiple continents. #export #leadership
Oct 1, 2019 CE
Lucky Cement Joins UN Global Compact
Lucky Cement becomes a signatory to the United Nations Global Compact, committing to sustainability and corporate responsibility. #sustainability #un
Jun 1, 2020 CE
Solar Power Installation at Pezu Plant
A 10 MW solar power plant is commissioned at the Pezu site, reducing reliance on grid electricity and promoting renewable energy. #renewable #energy
Jan 1, 2021 CE
Appointment of New CEO
Muhammad Ali Tabba is appointed as Chief Executive Officer, leading the company's next growth phase. #leadership #ceo
Feb 1, 2021 CE
Record Annual Profit Announced
Lucky Cement reports record net profit of PKR 18.5 billion for fiscal year 2020-21, driven by strong sales and cost efficiencies. #financial #profit
Sep 1, 2021 CE
Capacity Crosses 10 Million Tons
After completing a new line at Pezu, Lucky Cement's total annual capacity exceeds 10 million tons, making it one of the largest in the region. #capacity #milestone
Apr 1, 2022 CE
South Africa Grinding Unit Announced
Lucky Cement announces plans to establish a cement grinding unit in South Africa, expanding its African footprint. #international #expansion
Oct 1, 2022 CE
Interim Dividend of PKR 5 per Share
The board declares an interim cash dividend of PKR 5 per share, rewarding shareholders amid robust earnings. #dividend #shareholders
Dec 1, 2022 CE
Lucky Cement Ranked No. 1 Exporter by SBP
The State Bank of Pakistan ranks Lucky Cement as the country's largest cement exporter for the third consecutive year. #export #rank
Mar 1, 2023 CE
Lucky Cement Wins Best Corporate Award
Lucky Cement receives the Best Corporate and Investor Relations Award from the Pakistan Stock Exchange and ICAP. #award #corporate
Aug 1, 2023 CE
New Production Line in Punjab Approved
The board approves a new 2.5 million ton capacity line in Punjab to cater to growing demand. #expansion #capacity
Nov 1, 2023 CE
Investment in Waste Heat Recovery Expansion
Lucky Cement invests PKR 2 billion to expand waste heat recovery systems, increasing self-generated electricity. #sustainability #energy
Feb 1, 2024 CE
First Export to Mozambique
Lucky Cement exports cement to Mozambique, expanding its African market presence beyond South Africa. #export #africa
Jun 1, 2024 CE
Market Capitalization Surpasses PKR 100 Billion
Lucky Cement's market capitalization on PSX exceeds 100 billion rupees, reflecting investor confidence and strong fundamentals. #psx #valuation
Sep 1, 2024 CE
Lucky Cement Opens Regional Office in Dubai
A new regional office is established in Dubai to oversee Middle East and African operations, enhancing international coordination. #international #expansion