Fecto Group Explained

Fecto Group
Type:Corporate group
Founder:Ghulam Mohammad A. Fecto
Location:Lahore, Punjab, Pakistan
Products:Cement and tractors

The Fecto Group (ur|فیکٹو گروپ) is a group of companies based in Lahore, Pakistan. It was founded in 1952 by Ghulam Mohammad A. Fecto.[1]

It is currently engaged in cement and tractors.[2]

History

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. 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

Listed companies

Fecto Cement

Originally established in 1981, Fecto Cement officially began production in 1990 operating as a public limited company. It produces and sells cement with an annual production capacity of 819,000 metric tons of cement and 780,000 metric tons of clinker, the main ingredient in cement. It's plant is located in Sangjani village, Islamabad.

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] Later that year the Supreme Court of Pakistan, addressing the CDA's Margalla Tunnel project, imposed a ban on all construction and excavation activities within MHNP. 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

Former subsidiaries

Baba Farid Sugar Mills

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.[12]

Fecto Sugar Mills

Fecto Sugar Mills Limited was incorporated in 1975 to manufacture sugar in Darya Khan, Bhakkar District.[13] 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]

Notes and References

  1. http://fp.brecorder.com/2016/07/2016072869570/ Profile of Fecto Group of Industries on Business Recorder
  2. Web site: Cement Plants located in Pakistan. CemNet.com. 21 November 2019. subscription.
  3. Web site: Research. B. R.. 2021-09-28. Fecto Cement Limited. 2021-09-28. Brecorder. en. 28 September 2021. https://web.archive.org/web/20210928154331/https://www.brecorder.com/news/40123114. live.
  4. Web site: April 7, 2022 . A review of listed cement companies in Pakistan . 2024-09-01 . International Cement Review . 7 August 2023 . https://web.archive.org/web/20230807183351/https://www.cemnet.com/News/story/172485/a-review-of-listed-cement-companies-in-pakistan.html . live .
  5. Web site: 2 March 2020 . Small cement becomes smaller . Business Recorder . 30 December 2023 . 30 December 2023 . https://web.archive.org/web/20231230121758/https://www.brecorder.com/news/576272 . live .
  6. Web site: Saving the Margallas: City admin’s inaction spurs senators’ rage. 24 February 2014. The Express Tribune.
  7. Web site: Illegal stone quarrying: Open criminal proceedings against officials responsible, SC. 18 March 2015. The Express Tribune. 29 October 2024. 12 March 2016. https://web.archive.org/web/20160312115340/http://tribune.com.pk/story/855452/illegal-stone-quarrying-open-criminal-proceedings-against-officials-responsible-sc/#google_vignette. live.
  8. Web site: ‘Scared’ CDA stops factory from quarrying in protected Margallas. Nasir. Iqbal. 19 March 2015. DAWN.COM. 29 October 2024. 21 March 2015. https://web.archive.org/web/20150321160548/http://www.dawn.com/news/1170553. live.
  9. Web site: Cement factory lease cancelled, says report. Hasnaat. Malik. 2 August 2016. The Express Tribune. 29 October 2024. 28 February 2021. https://web.archive.org/web/20210228194211/https://tribune.com.pk/story/1154825/illegal-operation-cement-factory-lease-cancelled-says-report. live.
  10. Web site: Fecto Belarus not entitled to amnesty under Awami scheme: Supreme Court . May 12, 2005 . Business Recorder.
  11. Web site: Sugar: BABA FARID SUGAR MILLS LIMITED - Year Ended 30.09.2004. 22 June 2005. Brecorder.
  12. Web site: Patoki Sugar to acquire Baba Farid Mills . 6 April 2010. DAWN.COM.
  13. Web site: Indent system for sugarcane supply to be discouraged. 5 February 2002. DAWN.COM.
  14. Web site: 7 August 2006 . Sugar & Allied Industries: FECTO SUGAR MILLS LIMITED - Year Ended September 30, 2005 (Audited) . Brecorder.
  15. Web site: Delisted / Renamed / Merged Companies in KSE . www.ksestocks.com . 29 October 2024 . 11 June 2024 . https://web.archive.org/web/20240611083213/https://www.ksestocks.com/OldCompanies/Delisted . live .
  16. Web site: Imporient Group of Companies – Portfolio Filter – Sugar Industry. 29 October 2024. 29 October 2024. 28 September 2023. https://web.archive.org/web/20230928081311/https://imporientgroup.com/portfolio_filter/sugar-industry/. live.

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