KARACHI: Lucky Cement has announced to set up a plant of with 1.25 million tons per annum production capacity in Karachi.
This is expected to help the company take back the title of Pakistan’s largest cement producer, which it lost to Bestway Cement in 2015 when the latter acquired Lafarge Pakistan Cement.
According to a company notice sent to the Pakistan Stock Exchange (PSX), the expansion will be made with an investment of $30 million (Rs3.2 billion).
This will be in addition to the earlier announced capacity expansion of 2.3 million tons per annum – expected to be commissioned by fiscal year 2019 – in Punjab, where plants of 37-million-ton capacity (81% of country’s capacity) are situated.
The industry’s capacity in the southern region is expected to increase to around 10 million tons. After these two expansions, the total production capacity of Lucky Cement will increase from the existing 7.8 million to 11.3 million tons.
