Fecto Group
| Company type | Corporate group |
|---|---|
| Founded | 1952 |
| Founder | Ghulam Mohammad A. Fecto |
| Headquarters | Lahore, Punjab, Pakistan |
| Products | Cement and tractors Particle Board |
| Website | fecto |
The Fecto Group (Urdu: فیکٹو گروپ) is a group of companies based in Lahore, Pakistan. It was founded in 1952 by Ghulam Mohammad A. Fecto.[1][unreliable source?]
It is currently engaged in manufacture of cement[2] and particle board.
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, radios and TVs, wire and cable.[1]
It then moved to western Pakistan where it transitioned into manufacturing, securing the agency of tractors in 1975. The company continued to transition and at different points manufactured with two sugar mills, a tractor assembly plant, a cement plant, two paper-sack and a particleboard units.[1]
In 1981 Fecto Cement 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]Fecto Cement Limited was established in 1981 as part of the Fecto Group under the Companies Act of 1913, which has since been repealed. Operating as a public limited company, Fecto Cement produces and sells cement with an annual production capacity of 819,000 metric tons of cement and 780,000 metric tons of clinker. Its 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. In 1991, Nawaz Sharif, during his first term, ordered the cessation of all industrial activities in MHNP. Despite this directive, Fecto Cement obtained a court stay order to continue its operations.[6] In 1990, Fecto Cement plant was commissioned and began production. The plant was constructed by Fuller International Inc. of the United States, with the project costing in excess of Rs 2 billion.[1][7]
In 2011, as the original lease was approaching its expiration in 2012, ICT officials extended Fecto Cement's lease by an additional 18 years.[8] 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.[9] Later that year, the Supreme Court of Pakistan, addressing the 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 Rs 420 million was issued against the company for operating illegally in the Margalla Hills.[10]
Unlisted companies
[edit]- Fecto Belarus[11]
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.[12] Its registered office is located at Panorama Centre, Saddar, Karachi, and its manufacturing plant is located in Okara, Punjab, Pakistan.[12] Baba Farid Sugar Mills was part of the Fecto Group until 2010, when it was acquired by Patoki Sugar Mills.[13][14] It is listed on the Pakistan Stock Exchange.[12]
Fecto Sugar Mills
[edit]Fecto Sugar Mills Limited was incorporated in 1975 to manufacture sugar in Darya Khan, Bhakkar District.[15][16] It also operated Fecto Particle Board Mills.[17][12] Fecto Sugar Mills was listed on the Karachi Stock Exchange until 2011 when it was formally delisted after buyback of shares held by the public.[18] It was part of Fecto Group until 2014, when it was acquired by the Imporient Group and was renamed as Darya Khan Sugar Mills.[19]
References
[edit]- ^ a b c d e f Profile of Fecto Group of Industries on Business Recorder Published 28 July 2016, Retrieved 21 November 2019
- ^ "Cement Plants located in Pakistan". CemNet.com. Retrieved 21 November 2019.
- ^ Research, B. R. (28 September 2021). "Fecto Cement Limited". Brecorder. Retrieved 28 September 2021.
- ^ "A review of listed cement companies in Pakistan". International Cement Review. 7 April 2022. Retrieved 1 September 2024.
- ^ "Small cement becomes smaller". 2 March 2020.
- ^ a b "Saving the Margallas: City admin's inaction spurs senators' rage". The Express Tribune. 24 February 2014.
- ^ Report, Morning Call | Staff (27 February 1985). "FULLER TO BUILD $26-MILLION CEMENT PLANT".
{{cite web}}: CS1 maint: multiple names: authors list (link) CS1 maint: numeric names: authors list (link) - ^ "Illegal stone quarrying: Open criminal proceedings against officials responsible, SC". The Express Tribune. 18 March 2015.
- ^ Iqbal, Nasir (19 March 2015). "'Scared' CDA stops factory from quarrying in protected Margallas". DAWN.COM.
- ^ Malik, Hasnaat (2 August 2016). "Cement factory lease cancelled, says report". The Express Tribune.
- ^ "Fecto Belarus not entitled to amnesty under Awami scheme: Supreme Court". Business Recorder. 12 May 2005.
- ^ a b c d Cite error: The named reference
auto2was invoked but never defined (see the help page). - ^ "Patoki Sugar to acquire Baba Farid Mills". DAWN.COM. 6 April 2010.
- ^ Report, Staff (17 January 2019). "Naubahar Bottling interested in acquiring 98.23% stake in Baba Farid Sugar mills". Profit by Pakistan Today.
- ^ "Sugar & Allied Industries: FECTO SUGAR MILLS LIMITED - Year Ended September 30, 2005 (Audited)". Brecorder. 7 August 2006.
- ^ "Indent system for sugarcane supply to be discouraged". DAWN.COM. 5 February 2002.
- ^ "Sugar: FECTO SUGAR MILLS LIMITED - Year Ended 30-09-2004". Brecorder. 2 April 2005.
- ^ "ksestocks.com | De-Listed Companies | Pakistan Stock Exchange (PSX)".
- ^ "Imporient Group of Companies – Portfolio Filter – Sugar Industry". 29 October 2024.