KARACHI: Lucky Cement Limited (psx: LUCK) won the Management Association of Pakistan’s Corporate Excellence Award in the Cement Sector category. Syed Noman Hasan, Executive Director of Lucky Cement Limited received the award at the 34th 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.
Mr. Muhammad Ali Tabba, CEO Lucky Cement, remarked, “This award is a great achievement for the Lucky Cement family, showcasing Lucky Cement as a market leader in the Cement Industry.”
He further added, “Our team is determined to continue making efforts in elevating the company to new heights. We are firmly invested in meeting the needs of our stakeholders and ensure to follow prudent business practices with a wider objective of contributing to the economic growth of Pakistan.”
Lucky Cement received the award based on having the best corporate practices and governance in the cement sector. The primary criteria for this award emanates from 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.
Lucky Cement Limited is the flagship company of the Yunus Brothers Group, which has a solid history of exceptional growth performance since its inception in 1993. LCL is one of the largest producers and leading exporters of quality cement in Pakistan, with a production capacity of 9.35 million tons per annum. The Company is listed on the Pakistan and London stock exchange.
