Fecto Group
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| Type | Corporate group |
|---|---|
| Founded | 1952 |
| Founder | Ghulam Muhammad A. Fecto |
| Products | Cement and tractors |
| Website | fectogroup |
The Fecto Group (Urdu pronunciation: [ˈfɛk.to] FEK-toh) is a group of companies based in Pakistan.[1]
History
[edit]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
[edit]Listed
[edit]Fecto Cement
[edit]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. Its 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
[edit]- Fecto Belarus[9]
Former associated companies
[edit]Baba Farid Sugar Mills
[edit]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
[edit]Fecto Sugar Mills Limited was incorporated in 1975 in Darya Khan, Bhakkar District.[12] It also operated a particle-board unit.[12] It was listed on the Karachi Stock Exchange until 2011.[13]
References
[edit]- 1 2 3 4 5 Profile of Fecto Group of Industries on Business Recorder Archived 16 September 2017 at the Wayback Machine Published 28 July 2016, Retrieved 21 November 2019
- 1 2 Research, B. R. (28 September 2021). "Fecto Cement Limited". Brecorder. Archived from the original on 28 September 2021. Retrieved 28 September 2021.
- ↑ "A review of listed cement companies in Pakistan". International Cement Review. 7 April 2022. Archived from the original on 7 August 2023. Retrieved 1 September 2024.
- 1 2 "Small cement becomes smaller". Business Recorder. 2 March 2020. Archived from the original on 30 December 2023. 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. Archived from the original on 12 March 2016. Retrieved 29 October 2024.
- ↑ Iqbal, Nasir (19 March 2015). "'Scared' CDA stops factory from quarrying in protected Margallas". DAWN.COM. Archived from the original on 21 March 2015. Retrieved 29 October 2024.
- ↑ Malik, Hasnaat (2 August 2016). "Cement factory lease cancelled, says report". The Express Tribune. Archived from the original on 28 February 2021. Retrieved 29 October 2024.
- ↑ "Fecto Belarus not entitled to amnesty under Awami scheme: Supreme Court". Business Recorder. 12 May 2005.
- 1 2 "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.
- 1 2 "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. Archived from the original on 11 June 2024. Retrieved 29 October 2024.