ISLAMABAD: Lucky Cement has officially announced that its joint venture cement plant located in Samawah, Iraq, is now fully operational.
The update was shared with the Pakistan Stock Exchange, confirming the commencement of full-scale production at the facility.
This milestone marks a significant achievement for the company’s regional expansion strategy and boosts its international footprint in the Middle East.
Strong Growth Potential in Iraq
The Samawah plant is expected to contribute substantially to the company’s revenues in the coming quarters.
Iraq’s growing demand for construction and infrastructure development makes it a strategic location for cement production.
With this plant, Lucky Cement is well-positioned to tap into local demand while also exploring export opportunities in nearby markets.
Market Response and Share Movement
Despite the positive announcement, Lucky Cement’s share price saw a marginal decrease.
The stock dipped by 44 paisa, translating to a 0.13% decline during the trading session.
Analysts believe the dip is temporary and expect investor sentiment to improve as the plant starts generating returns.
