Lucky Cement
A major Pakistani cement producer with an integrated domestic manufacturing and international export business.
Last updated August 27, 2026
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Overview
Lucky Cement Limited is a Pakistani cement manufacturer and the principal cement business associated with the Yunus Brothers Group. Established in 1993, the company began with a plant at Pezu in Lakki Marwat District, Khyber Pakhtunkhwa. The location gave the business its name and placed its first manufacturing operation close to important limestone and construction markets in northwestern Pakistan. The company later expanded its production footprint in Sindh, including facilities in the Nooriabad area of Jamshoro District and field plants around Karachi. The company manufactures cement and clinker for construction and infrastructure applications. Its portfolio has included Ordinary Portland Cement, Sulphate Resistant Cement, Block Cement and clinker. Lucky Cement serves Pakistan's domestic construction sector while also exporting cement, including bulk material handled through its own loading and storage terminal at Karachi Port. The terminal has a reported storage and handling capacity of 24,000 tonnes, supporting the company's export logistics and access to overseas markets. Lucky Cement became a listed company in 1994 through an initial public offering on the Karachi Stock Exchange, whose listed companies are now part of the Pakistan Stock Exchange. It has grown into one of Pakistan's largest cement producers, with reported manufacturing capacity of approximately 15.3 million tonnes per year. In 2017, the company was reported to hold about 18 percent of Pakistan's cement market. Its business has consequently been exposed to domestic construction cycles, infrastructure spending, energy costs, coal and other fuel prices, export demand, and exchange-rate conditions. The company is also part of the broader diversification strategy of Yunus Brothers Group. Its associated and subsidiary interests have extended beyond cement into chemicals, power generation, automobiles, textiles, mining and overseas cement operations. Lucky Cement has held interests in Lucky Core Industries, formerly ICI Pakistan; Lucky Electric Power Company; Lucky Motor Corporation, which manufactures and assembles Kia and Peugeot vehicles in Pakistan; Lucky Rawji, a cement operation in the Democratic Republic of the Congo; Najmat Al Samawa, a cement operation in Iraq; and Yunus Energy, a wind-power business. The exact ownership interests in these businesses have varied by corporate structure and reporting period. Power generation has become an important supporting and diversification activity. Lucky Cement has developed internal generation capacity and has reported supplying electricity beyond its own requirements, including arrangements involving Hyderabad Electric Supply Company and planned supply to Peshawar Electric Power Company. Through Lucky Electric Power Company, the group invested in a 660-megawatt coal-based power project at Bin Qasim in Karachi. In July 2020, Lucky Cement and K-Electric agreed on a potential supply of up to six megawatts for DHA City Karachi. Environmental and resource-efficiency initiatives have included the use of alternative fuels such as tyre-derived fuel and refuse-derived fuel. Lucky Cement's sustainability reporting has also received external recognition. The company reported an A+ rating from the Global Reporting Initiative for its 2012 sustainability report and second place in the cement category of the 2019 Best Corporate and Sustainability Report Awards organized by Pakistan's accounting and management-accounting bodies. In June 2024, the company's global depositary receipts were delisted from the London Stock Exchange, while its ordinary shares continued to be associated with the Pakistan Stock Exchange. Lucky Cement remains an active industrial company whose identity combines large-scale cement production, export logistics, energy integration and the wider diversification of the Yunus Brothers Group.
History
Lucky Cement was founded in 1993 by Abdul Razzak Tabba as a cement manufacturing venture connected with the Yunus Brothers Group. Its first plant was commissioned at Pezu in Lakki Marwat District of Khyber Pakhtunkhwa. The site became part of the company's identity and helped establish its initial position in Pakistan's cement industry. The business subsequently added capacity and operating locations in Sindh, including a plant in the Nooriabad area of Jamshoro District and field plants near Karachi on the Super Highway. A significant early corporate milestone came in 1994, when Lucky Cement completed an initial public offering and was listed on the Karachi Stock Exchange. Following the integration of Pakistan's stock exchanges, its ordinary shares became associated with the Pakistan Stock Exchange under the ticker LUCK. Public-market access supported the company's expansion from a regional producer into a large-scale national manufacturer. Lucky Cement's core business developed around the production of cement and clinker. Its reported product range has included Ordinary Portland Cement, Sulphate Resistant Cement and Block Cement, together with clinker for cement production and related industrial uses. The company also built export infrastructure at Karachi Port, including its own loading and storage terminal for loose cement. The terminal's reported capacity of 24,000 tonnes gave the company a dedicated route for handling bulk exports and strengthened its ability to serve customers outside Pakistan. As production expanded, Lucky Cement became one of Pakistan's largest cement manufacturers. Reported capacity reached approximately 15.3 million tonnes per year, and the company was reported to hold roughly 18 percent of the Pakistani cement market in 2017. Its growth reflected demand from housing, commercial development, transport infrastructure and other construction activity, while its export business provided an additional outlet when domestic market conditions were weaker. The company's development also followed the broader diversification of Yunus Brothers Group. Lucky Cement became associated with businesses in chemicals, textiles, power, automobiles, mining and overseas cement production. Reported interests included Lucky Core Industries, Lucky Electric Power Company, Lucky Motor Corporation, Lucky Rawji in the Democratic Republic of the Congo, Najmat Al Samawa in Iraq and Yunus Energy. These holdings positioned Lucky Cement within a wider industrial group rather than as a standalone cement-only enterprise. Energy became both an operational concern and a diversification opportunity. Lucky Cement developed generation capacity intended to meet its own needs and reported supplying surplus electricity to external power users, including Hyderabad Electric Supply Company. The group also invested through Lucky Electric Power Company in a 660-megawatt coal-based power project at Bin Qasim in Karachi. In 2020, Lucky Cement entered an agreement with K-Electric concerning the potential supply of up to six megawatts for DHA City Karachi. These activities reflected the importance of dependable energy in cement manufacturing and the group's interest in power infrastructure. The company has also pursued alternative-fuel initiatives, including the use of tyre-derived fuel and refuse-derived fuel. Its sustainability reporting received recognition in Pakistan and internationally: the company reported an A+ Global Reporting Initiative rating for its 2012 sustainability report and later received second place in the cement category of the 2019 Best Corporate and Sustainability Report Awards. In June 2024, Lucky Cement's global depositary receipts were delisted from the London Stock Exchange. The move changed the company's international depositary-receipt presence but did not end its principal Pakistani listed-company identity. Lucky Cement continues to operate as a major Pakistani cement producer within the Yunus Brothers Group, with manufacturing, export, energy and diversified industrial connections.
- 2024
London Stock Exchange GDRs delisted
[1]The company's global depositary receipts were delisted from the London Stock Exchange in June 2024.
- 2020
Electricity-supply agreement with K-Electric
[1]Lucky Cement and K-Electric signed an agreement concerning potential electricity supply of up to six megawatts for DHA City Karachi.
- 2019
Corporate and sustainability reporting award
[1]Lucky Cement received second place in the cement category of the Best Corporate and Sustainability Report Awards.
- 2017
Reported 18 percent share of Pakistan's cement market
[1]The company was reported to have approximately an 18 percent share of the Pakistani cement market and produced several cement and clinker categories.
- 2012
Global Reporting Initiative sustainability recognition
[1]Lucky Cement reported receiving an A+ rating for its 2012 sustainability report.
- 1994
Initial public offering and Karachi Stock Exchange listing
[1]The company completed an initial public offering and was listed on the Karachi Stock Exchange.
- 1993
First cement plant commissioned at Pezu
[1]Lucky Cement was founded and commissioned its first manufacturing plant at Pezu in Lakki Marwat District, Khyber Pakhtunkhwa.
Products and positioning
A large, integrated Pakistani cement producer emphasizing manufacturing scale, domestic distribution, export capability, energy integration and resource efficiency.
Cement
Ordinary Portland Cement
A general-purpose cement used across common building and civil-engineering applications. It is one of Lucky Cement's principal reported product categories and supports both domestic construction demand and export activity.
Cement
Sulphate Resistant Cement
A cement formulation intended for applications where concrete may face exposure to sulphate-bearing soils or water. Lucky Cement has included sulphate-resistant cement among its established product categories.
Cement
Block Cement
Cement supplied for block-making and related construction uses. It forms part of the company's reported range of cement products serving Pakistan's construction-materials market.
Cement intermediate
Clinker
The kiln-produced intermediate used to make cement. Lucky Cement manufactures clinker for its integrated operations and has reported clinker among its commercial product categories.
Export and logistics offering
Bulk cement exports
Loose cement exported through Lucky Cement's loading and storage terminal at Karachi Port. The terminal provides dedicated handling capacity for bulk material and supports the company's international distribution network.
Marketing campaigns
- 2019Corporate and sustainability reporting participation
Pakistan
Lucky Cement continued its sustainability-reporting and corporate-governance disclosure efforts through participation in Pakistan's Best Corporate and Sustainability Report Awards.
Outcome. It received second place in the cement category in the 2019 awards organized by ICAP and ICMAP.
- 2012Sustainability reporting program
Pakistan
Lucky Cement published a sustainability report assessed under Global Reporting Initiative criteria as part of its environmental, social and governance reporting efforts.
Outcome. The company reported receiving an A+ rating, described as the only such rating awarded to a Pakistani company in that reporting period.
Brand decisions
2024
Delist global depositary receipts from London Stock ExchangeOtherBackground
Lucky Cement maintained its principal Pakistani listed-company presence while its London depositary-receipt program was discontinued.
Action taken
The company's global depositary receipts were delisted from the London Stock Exchange in June 2024.
Aftermath
The company continued to be associated with the Pakistan Stock Exchange through its ordinary shares.
2023
Board approves investment in mining venturesM&ABackground
Yunus Brothers Group was continuing to diversify beyond cement into energy, mining and other industrial activities.
Action taken
Lucky Cement's board announced approval for investment of up to Rs. 4 billion in Lucky Core Ventures (Private) Limited and National Resources (Private) Limited, a mining company based in Balochistan.
Aftermath
In 2024, Lucky Cement and Fatima Fertilizer Company were reported to have acquired direct stakes in National Resources (Private) Limited.
Approved investment ceiling. Up to Rs. 4 billion (2023)
2020
Expand external electricity supply through K-Electric agreementStrategyBackground
Lucky Cement had developed generation capacity beyond its direct manufacturing requirements and was pursuing a broader power-sector role.
Action taken
The company signed an agreement with K-Electric concerning the potential supply of up to six megawatts of electricity to DHA City Karachi.
Aftermath
The agreement linked Lucky Cement's power-generation activities with an external urban development and utility demand center.
Recent events
- 2024
Lucky Cement reports London Stock Exchange GDR delisting[1]
Other
Lucky Cement's global depositary receipts were delisted from the London Stock Exchange in June 2024.
- 2020
Lucky Cement and K-Electric agree on potential electricity supply[1]
Other
Lucky Cement and K-Electric signed an agreement covering the possible supply of up to six megawatts of electricity to DHA City Karachi.
- 2019
Lucky Cement recognized in Pakistan corporate and sustainability reporting awards[1]
Other
The company received second place in the cement category of the Best Corporate and Sustainability Report Awards organized by ICAP and ICMAP.
- 2012
Lucky Cement receives A+ sustainability-report rating[1]
Other
Lucky Cement reported that it was the only Pakistani company to receive an A+ rating from the Global Reporting Initiative for its 2012 sustainability report.
Sources4 sources
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