Fecto Group
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| Company type | Corporate group |
|---|---|
| Founded | 1952 |
| Founder | Ghulam Mohammad A. Fecto |
| Headquarters | Lahore, Punjab, Pakistan |
| Products | Cement and tractors |
| Website | fecto |
The Fecto Group (Urdu pronunciation: [ˈfɛk.to] FEK-toh) is a group of companies based in Lahore, Pakistan.[1]
It is currently engaged in cement and tractors.[2]
History
[edit]Fecto Group was founded by Ghulam Mohammad A. Fecto.[1] After the partition of India he migrated to Dhaka and started a trading business dealing in electrical goods and home appliances in 1952.[1]
It then moved to western Pakistan where it transitioned into manufacturing, securing the agency of sugar in 1975.[1]
In 1981 Fecto Cement Limited was established and production commenced in 1990.[3] It is considered a small player in the domestic market holding a 1.3% market share.[4][5]
Subsidiaries
[edit]Listed companies
[edit]Fecto Cement
[edit]Originally established in 1981, Fecto Cement officially began production in 1990 operating as a public limited company.[3] It produces and sells cement with an annual production capacity of 819,000 metric tons of cement. It's plant is located in Sangjani, Islamabad.[1]
In 1982, the ICT Industries and Labour directorate granted Fecto Cement a 30-year lease to operate within Margalla Hills National Park, an area which was officially designated as protected in 1980.[6] In 2011, as the original lease was approaching its expiration in 2012, ICT officials extended Fecto Cement's lease by an additional 18 years.[7] The following year, the Capital Development Authority (CDA) provided consent for Fecto Cement's operations. However, in July 2013, the CDA withdrew its no-objection certificate.[8] In 2016, the mining lease of Fecto Cement was cancelled, and a challan of Pkr 420 million had been prepared against the company for operating illegally in the Margalla Hills.[9]
Unlisted companies
[edit]- Fecto Belarus[10]
Former subsidiaries
[edit]Baba Farid Sugar Mills
[edit]Baba Farid Sugar Mills Limited was incorporated in Sindh in 1978 as a public limited company, primarily focused on the manufacture and sale of sugar.[11] In 2010, after years of not being able to produce positive operating results, it was acquired by Patoki Sugar Mills.[11][12]
Fecto Sugar Mills
[edit]Fecto Sugar Mills Limited was incorporated in 1975 to manufacture sugar in Darya Khan, Bhakkar District.[13][14]It also operated a particle-board unit.[14] Fecto Sugar Mills was listed on the Karachi Stock Exchange until 2011.[15] In 2014 it was acquired by the Imporient Group and was renamed as Darya Khan Sugar Mills.[16]
References
[edit]- ^ a b c d e Profile of Fecto Group of Industries on Business Recorder Archived 16 September 2017 at the Wayback Machine Published 28 July 2016, Retrieved 21 November 2019
- ^ "Cement Plants located in Pakistan". CemNet.com. Retrieved 21 November 2019.
- ^ a b Research, B. R. (28 September 2021). "Fecto Cement Limited". Brecorder. Archived from the original on 28 September 2021. Retrieved 28 September 2021.
- ^ "A review of listed cement companies in Pakistan". International Cement Review. 7 April 2022. Archived from the original on 7 August 2023. Retrieved 1 September 2024.
- ^ "Small cement becomes smaller". Business Recorder. 2 March 2020. Archived from the original on 30 December 2023. Retrieved 30 December 2023.
- ^ "Saving the Margallas: City admin's inaction spurs senators' rage". The Express Tribune. 24 February 2014.
- ^ "Illegal stone quarrying: Open criminal proceedings against officials responsible, SC". The Express Tribune. 18 March 2015. Archived from the original on 12 March 2016. Retrieved 29 October 2024.
- ^ Iqbal, Nasir (19 March 2015). "'Scared' CDA stops factory from quarrying in protected Margallas". DAWN.COM. Archived from the original on 21 March 2015. Retrieved 29 October 2024.
- ^ Malik, Hasnaat (2 August 2016). "Cement factory lease cancelled, says report". The Express Tribune. Archived from the original on 28 February 2021. Retrieved 29 October 2024.
- ^ "Fecto Belarus not entitled to amnesty under Awami scheme: Supreme Court". Business Recorder. 12 May 2005.
- ^ a b "Sugar: BABA FARID SUGAR MILLS LIMITED - Year Ended 30.09.2004". Brecorder. 22 June 2005.
- ^ "Patoki Sugar to acquire Baba Farid Mills". DAWN.COM. 6 April 2010.
- ^ "Indent system for sugarcane supply to be discouraged". DAWN.COM. 5 February 2002.
- ^ a b "Sugar & Allied Industries: FECTO SUGAR MILLS LIMITED - Year Ended September 30, 2005 (Audited)". Brecorder. 7 August 2006.
- ^ "Delisted / Renamed / Merged Companies in KSE". www.ksestocks.com. Archived from the original on 11 June 2024. Retrieved 29 October 2024.
- ^ "Imporient Group of Companies – Portfolio Filter – Sugar Industry". 29 October 2024. Archived from the original on 28 September 2023. Retrieved 29 October 2024.