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Fecto Group
Corporate group based in Lahore From Wikipedia, the free encyclopedia
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The Fecto Group (Urdu pronunciation: [ˈfɛk.to] FEK-toh) is a group of companies based in Pakistan.[1]
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History
Fecto Group was founded by Ghulam Mohammad 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]
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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]
Unlisted
- Fecto Belarus[9]
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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.[12] It also operated a particle-board unit.[12] It was listed on the Karachi Stock Exchange until 2011.[13]
References
External links
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