Lucky Core Industries Limited Announces Significant Expansion of Soda Ash Production Capacity

Khewra: Lucky Core Industries Limited has formally approved a substantial increase in its Soda Ash plant’s production capacity. The decision, ratified by the Board of Directors, will escalate the total installed capacity from 560,000 tons per annum (TPA) to 760,000 TPA, marking a strategic enhancement of 200,000 TPA.

This development was communicated through a disclosure aligned with Sections 96 and 131 of the Securities Act, 2015, and the relevant provisions of the Rule Book of the Pakistan Stock Exchange Limited. The initial announcement was referenced in a prior communication dated August 02, 2023. According to information available from the Pakistan Stock Exchange (PSX), the company has received the green light to proceed with this expansion following the Board’s endorsement.

The Board of Directors has also granted authorization to the management to finalize and execute contracts with the chosen technology and equipment suppliers necessary for this expansion. This strategic move is expected to bolster the company’s production capabilities significantly, addressing a growing market demand.

Certificate Holders of the Exchange have been duly informed about these developments, ensuring compliance with regulatory requirements and maintaining transparency with stakeholders.