The Fecto Group is a group of companies based in Pakistan.[1]
History
Fecto Group was founded by Ghulam Muhammad A. Fecto.[1] After the partition of India in 1947 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.[2] It is considered a small player in the domestic market holding a 1.3% market share.[3][4]
Associated companies
Listed
Fecto Cement
Originally established in 1981, Fecto Cement officially began production in 1990 operating as a public limited company.[2] Regarded as one of the smaller producers locally it has an annual production capacity of 819,000 metric tons of cement. It's plant is located in Sangjani, Islamabad.[1][4]
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.[5] In 2011, as the original lease was approaching its expiration in 2012, ICT officials extended Fecto Cement's lease by an additional 18 years.[6] 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.[7] In 2016 Fecto Cement's lease was cancelled and a challan of Pkr 420 million had been prepared against the company for operating illegally in the Margalla Hills.[8]
Fecto Cement
Originally established in 1981, Fecto Cement officially began production in 1990 operating as a public limited company.[2] Regarded as one of the smaller producers locally it has an annual production capacity of 819,000 metric tons of cement. It's plant is located in Sangjani, Islamabad.[1][4]
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.[5] In 2011, as the original lease was approaching its expiration in 2012, ICT officials extended Fecto Cement's lease by an additional 18 years.[6] 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.[7] In 2016 Fecto Cement's lease was cancelled and a challan of Pkr 420 million had been prepared against the company for operating illegally in the Margalla Hills.[8]
Unlisted
- Fecto Belarus[9]
Former associated companies
Baba Farid Sugar Mills
Baba Farid Sugar Mills Limited was incorporated in Sindh in 1978 as a public limited company, focused on the manufacture and sale of sugar.[10] In 2010, after years of not being able to produce positive operating results, it was acquired by Patoki Sugar Mills.[10][11]
Fecto Sugar Mills
Fecto Sugar Mills Limited was incorporated in 1975 in Darya Khan, Bhakkar District. It also operated a particle-board unit.[12] It was listed on the Karachi Stock Exchange until 2011.[13]
External links
References
- Profile of Fecto Group of Industries on Business Recorder Published 28 July 2016, Retrieved 21 November 2019^
- B. R. Research. Fecto Cement Limited Brecorder, 2021-09-28, retrieved 2021-09-28^
- A review of listed cement companies in Pakistan International Cement Review, April 7, 2022, retrieved 2024-09-01^
- Small cement becomes smaller Business Recorder, 2 March 2020, 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, retrieved 29 October 2024^
- Nasir Iqbal. ‘Scared’ CDA stops factory from quarrying in protected Margallas DAWN.COM, 19 March 2015, retrieved 29 October 2024^
- Hasnaat Malik. Cement factory lease cancelled, says report The Express Tribune, 2 August 2016, retrieved 29 October 2024^
- Fecto Belarus not entitled to amnesty under Awami scheme: Supreme Court Business Recorder, May 12, 2005^
- 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^
- 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, retrieved 29 October 2024^