Karachi, Lucky Cement Limited informed Pakistan Stock Exchange In pursuance of this transaction, LMC has also initiated the process of seeking necessary regulatory approvals to carry on the said business and in this endeavor, has filed an application with Pakistan Telecommunication Authority (PTA) for securing the license.
The production facility for producing Samsung Mobile Devices will be located at LMC’s existing plant facility producing vehicles at Bin Qasim Industrial Park, Special Economic Zone, and Port Qasim – Karachi. The production facility is anticipated to be completed by end of December 2021. That further information on the amount contemplated to be invested in the production facility and the capacity thereof shall be discussed between the Parties (Samsung and LMC) in due course of time.
Lucky Cement Limited was incorporated in Pakistan on September 18, 1993 under the Companies Ordinance, 1984. The principal activity of the company is manufacturing and marketing of cement. The shares of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The company has also issued Global Depository Receipts which are listed and traded on the Professional Securities Market of the London Stock Exchange. The registered office of the Company is located at Khyber Pakhtunkhwa. The company has two production facilities in Khyber Pakhtunkhwa and at Karachi.
The production capacity of the company is approximately 7.75 million tons per annum. The company exports sizeable quantities of loose cement and has its own loading and storage terminal at Karachi Port. The company is ISO 9001:2008 and 14001:2004 certified. It also possesses many other international certifications including Bureau of Indian Standards, Sri Lankan Standard Institute, Standards Organization of Nigeria, Kenya Bureau of Standards and South African Bureau of Standards.
The symbol “LUCK” is being used by the stock exchanges for the shares of Lucky Cement Limited.