KARACHI: Lucky Cement Limited (PSX: LUCK) won the Management Association of Pakistan’s Corporate Excellence Award in the Cement Sector category. Atif Kaludi, Chief Financial Officer of Lucky Cement Limited received the award at the 37th MAP Annual Corporate Excellence Award Ceremony held at a local hotel yesterday.
The Corporate Excellence Awards was instituted by MAP in 1982 with the sole aim to recognize and honor companies showing outstanding performance and demonstrating progress and enlightened management practices.
Muhammad Ali Tabba, CEO of Lucky Cement Limited, remarked, “By winning the award in the Cement Sector category indicates that we are a market leader and it brings much joy to all at Lucky Cement Limited. We accept this award with great pride and are extremely grateful to all our employees and stakeholders for helping us achieve repeated success over the years.”
He further added, “Our team is very competent and they strive hard to help the company scale new heights. By keeping our stakeholders’ needs as our top priority, we endeavor to follow prudent business practices while also keeping the larger objective of continuing our economic growth efforts in Pakistan.”
Lucky Cement Limited received the award based on having the best corporate practices and governance in the cement sector. The primary criteria for this award emanate from the best Corporate and Management practices reflected by Leadership, Corporate Governance, Customer and Market Focus, HR, Strategic Planning and Communication, Social Responsibility, Risk Management, IT Infrastructure, Service Delivery, and Security.
Founded in 1993, Lucky Cement Limited stands as the flagship company of Yunus Brothers Group (YBG). Lucky Cement is the largest producer of Cement in Pakistan with a production capacity of 12.15 MTPA and remains one of the country’s leading exporters of quality cement. Lucky Cement is listed on the Pakistan Stock Exchange (PSX). The Company has also issued Global Depository Receipts (GDRs), listed and traded on the Professional Securities Market of the London Stock Exchange, and is the first Shariah Compliant Company of Pakistan certified by the SECP.
LCL’s manufacturing plants are strategically located the in Northern and Southern regions of the country and it is the only cement company to have its own loose cement export terminal at Karachi port with a storage capacity of 24,000 tons.
Lucky Cement is an ISO 9001:2008, 14001:2004, 45001:2018, and 27001:2013 certified company and possesses many other international certifications including Bureau of Indian Standards, South African Bureau of Standards, Sri Lankan Standard Institute, Philippines National Standards, Kenya Bureau of Standards, Tanzania Bureau of Standards, Standards Organization of Nigeria, ASTM standards and CE Marking.