Last checked at 28 Jun 2019 12:26
LCK/CS/2018-19/ June 28, 2019
The General Manager Pakistan Stock Exchange Limited Karachi | The Deputy Chief Securities & Exchange Commission of Pakistan Islamabad | The London Stock Exchange 10 Paternoster Square, London |
Dear Sir(s)
MATERIAL INFORMATION
In accordance with Section 96 of the Securities Act, 2015 and Clause 5.6.1(a) of the Rule Book of the Pakistan Stock Exchange Limited, we hereby would like to convey the following information:
We are pleased to inform that Kia Lucky Motors Pakistan Limited (KLM), a subsidiary of Lucky Cement Limited (the Company), has successfully completed commissioning of the equipment and Pilot Production and recently commenced CKD operations at its plant located at Bin Qasim Industrial Park (BQIP), Port Qasim, Karachi within the originally envisaged project timelines. The total project cost of the company amounts to PKR 19.5 Billion. KLM's state of the art facility has the capacity to produce 50,000 vehicles per annum on a double shift basis. The booking of "SPORTAGE" an SUV being KLM's first model will start from 30th June 2019 and delivery thereof will start from the first week of August 2019. The booking of "PICANTO" hatchback being KLM's second model is expected to start in August 2019 and delivery thereof from October 2019.
You may please inform members of the Exchange accordingly.
Yours truly,
For: LUCKY CEMENT LIMITED
FAISAL MAHMOOD
Company Secretary