TheFecto Group(Urdu:فیکٹو گروپ) is agroup of companiesbased inLahore,Pakistan. It was founded in 1952 by Ghulam Mohammad A. Fecto.[1]
| Company type | Corporate group |
|---|---|
| Founded | 1952 |
| Founder | Ghulam Mohammad A. Fecto |
| Headquarters | Lahore,Punjab,Pakistan |
| Products | Cementandtractors |
| Website | fecto |
History
editFecto Group was founded by Ghulam Mohammad A. Fecto.[1]After thepartition of Indiahe migrated toDhakaand started a trading business dealing in electrical goods and home appliances, radios and TVs, wire and cable.[1]
It then moved to westernPakistanwhere 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
editListed companies
editFecto Cement
editOriginally established in 1981, Fecto Cement officially began production in 1990 operating as apublic limited company.[3]It produces and sellscementwith an annual production capacity of 819,000 metric tons of cement and 780,000 metric tons ofclinker,the main ingredient in cement. It's plant is located in Sangjani village,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, theCapital Development Authority(CDA) provided consent for Fecto Cement's operations. However, in July 2013, the CDA withdrew itsno-objection certificate.[8]Later that year theSupreme Court of Pakistan,addressing the CDA's Margalla Tunnel project, imposed a ban on all construction and excavation activities within MHNP.[6]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
editBaba Farid Sugar Mills
editBaba Farid Sugar Mills Limited was incorporated inSindhin 1978 as apublic limited company,primarily focused on the manufacture and sale ofsugar.[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
editFecto Sugar Mills Limited was incorporated in 1975 to manufacturesugarin Darya Khan,Bhakkar District.[13][14]It also operated a particle-board unit.[14]Fecto Sugar Mills was listed on theKarachi Stock Exchangeuntil 2011.[15]In 2014 it was acquired by the Imporient Group and was renamed as Darya Khan Sugar Mills.[16]
References
edit- ^abcdeProfile of Fecto Group of Industries on Business RecorderArchived16 September 2017 at theWayback MachinePublished 28 July 2016, Retrieved 21 November 2019
- ^"Cement Plants located in Pakistan".CemNet.Retrieved21 November2019.
- ^abResearch, B. R. (28 September 2021)."Fecto Cement Limited".Brecorder.Archivedfrom the original on 28 September 2021.Retrieved28 September2021.
- ^"A review of listed cement companies in Pakistan".International Cement Review.7 April 2022.Archivedfrom the original on 7 August 2023.Retrieved1 September2024.
- ^"Small cement becomes smaller".Business Recorder.2 March 2020.Archivedfrom the original on 30 December 2023.Retrieved30 December2023.
- ^ab"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.Archivedfrom the original on 12 March 2016.Retrieved29 October2024.
- ^Iqbal, Nasir (19 March 2015)."'Scared' CDA stops factory from quarrying in protected Margallas ".DAWN.COM.Archivedfrom the original on 21 March 2015.Retrieved29 October2024.
- ^Malik, Hasnaat (2 August 2016)."Cement factory lease cancelled, says report".The Express Tribune.Archivedfrom the original on 28 February 2021.Retrieved29 October2024.
- ^"Fecto Belarus not entitled to amnesty under Awami scheme: Supreme Court".Business Recorder.12 May 2005.
- ^ab"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.
- ^ab"Sugar & Allied Industries: FECTO SUGAR MILLS LIMITED - Year Ended September 30, 2005 (Audited)".Brecorder.7 August 2006.
- ^"Delisted / Renamed / Merged Companies in KSE".ksestocks.Archivedfrom the original on 11 June 2024.Retrieved29 October2024.
- ^"Imporient Group of Companies – Portfolio Filter – Sugar Industry".29 October 2024.Archivedfrom the original on 28 September 2023.Retrieved29 October2024.