Footnotes / references Financials as of 30 June 2024[update][1]
Lucky Cement Limited (Urdu: لکی سیمنٹ), also known as Yunus Brothers Group, or Lucky Group, is a Pakistani conglomerate company headquartered in Karachi, Sindh. 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.[2] It has 15.3 million tonnes per annum of manufacturing capacity.[3] The company is listed on the Pakistan Stock Exchange.
Over the years, the company has grown substantially and is expanding its business operations with production facilities at strategic locations in Jamshoro District, Sindh and two field plants at Karachi on Super Highway to cater to the Southern regions,[5] Pezu and Khyber Pakhtunkhwa to furnish the Northern areas of the country. Lucky Cement has a network of over 200 dealers which enables it to dominate the local market and is Pakistan's first company to export sizeable quantities of loose cement being the only cement manufacturer to have its own loading and storage terminal at Karachi Port, which has a capacity of 24,000 tons of cement according to company sources.[7][8]
Lucky Cement has been sponsored by one of the largest business groups in Pakistan, the Yunus Brothers Group, one of the largest textile export houses of Pakistan with subsidiaries including Gadoon Textile Mills, Lucky Textile Mills, and Yunus Textile Mills, all based in Karachi.[5]
Products
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.[2][10]
Geared to sustainable 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 in Bin Qasim Town.[12]
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 to DHA City, Karachi being developed along Superhighway.[13]
Alternate fuel
Lucky Cement has shifted its focus to alternate fuel such as TDF and RDF.[14]
Sustainability reporting
In 2012, Lucky Cement was the only company in Pakistan to receive an A+ rating by Global Reporting Initiative (GRI) of Netherlands, for its Sustainability Report for 2012.[15]
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, a Balochistan-based mining company.[19]
In 2024, Lucky Cement and Fatima Fertilizer Company acquired a direct stake in National Resources (Private) Limited.[20]
