How Lucky Group Managed Through the Global Recession?

While the markets seem to be looking up it has been a very tumultuous phase in the past year of 2013.There was a government lock down in the USA, besides global politics played an important role in the metal business. After a very rough phase that the market went through it was the year of 2014 that bring a change in global markets which influenced that metal scrap market. The markets in Greece were going into an all time low in 2012 and the Greece economic crisis took such a turn that Greece dropped out of the EU. While some of this affected some of the markets, a global recession was very much evident.

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It was a very clear sign that the economy had plunged into an all time low and that it could take time to recover. The year 2014 saw a positive start and the global markets recovered phenomenally. While the metal scrap industry has taken necessary efforts to strengthen it and insulate itself from the global economic slowdown it has not been very successful in the same endeavor as none of the world markets actually did well in 2013 including the IT industry and other industries globally.

We can chronicle this change that started in 2008, the US meltdown that affected all markets globally. There was political unrest in 2011 with tectonic changes in the Middle East, the US and Asia, which resulted in distracting focus from trade. While the activists demanded political action, including a demand for democracy, lesser corruption and nepotism governance it all hinted a sea change that was coming.

Global metal prices of aluminum and copper have been fluctuating and there seems to be no stability. The markets are very volatile could not be stable on the securities or market index. This resulted in indirectly affecting every facet of our lives. So oil prices and metal scrap prices remained influenced by both market forces and political factors.

The Lucky Group is the one of the largest, integrated metal recyclers and secondary aluminum alloy manufacturers in the Middle East. Established in 1973, Lucky Group today has a clientele in over 40 countries worldwide, with exceptional recycling facilities in Dubai, Jebel Ali, Doha.So Lucky Group took some very tough financial decisions when the market essentially full of turmoil and this prevented them from going into debt. The lucky group averted all financial risks possible."We believe that borrowing freely increases your financial exposure; it can be a good recipe for bankruptcy," according to Saleem Shaban of the Lucky Group. The top brass at Lucky Group was compelled to take important financial decisions and avert a financial risk in the trade in times of a global economic slowdown.

Commitment to Corporate Social Responsibility with Recycling

Recycling may be safe for the environment, but it is also a lucrative and business opportunity. Potentially recyclable items include not only fabrics, metals, electronics, plastics, papers, bottles, but also glasses, organics, woods, industrial materials such as construction and demolition debris, fly ash, concrete, and asphalt.

Recycling as a job opportunity includes a number of processes. It is very hierarchical and includes a variety of processes. Recycling as an industry includes not merely a business opportunity, but it is likewise a societal activity that involves serving society. It is what might some call as an activity for societal good.



A plethora of industries would be covered under recycling, which includes paper industry, plastic industry, Metals and nonmetallic, chemical wastes. Recycling of metals is a very productive and profit making businesses as the price of metals are always increasing. Legislation is required to be passed so that recycling law becomes more stringent.

Conglomerates and large establishments can undertake a social agenda in their local area – improving the environment; the local economy; and society. This can be done through several local recycling companies. These are 'Green Solutions' Corporate can utilize emerging technologies, social will power and Entrepreneurial spirit to come up with solutions for the environment and help with day to day chores like cleaning the roads, planting trees and taking such similar initiatives to achieve an equilibrium in the environment and help attain sustainability.



In concert with the government; corporations can set targets in recycling and achieving their green initiative goals. On an educational level educational establishments like schools and universities can create consciousness about recycling and reusing. There are some famous campaigns like “Reduce, Reuse, and Recycle”.

Things which usually are recycled include Plastic bottles, batteries, Glass bottles, Electronics. A typical waste bin would consist of organics, paper, metal and glass and even some junk. So we understand that it is not only organic rather it is even paper and other fabrics which can recycle.

While recycling comes with its own challenges it is a good form of CSR for scrap metal recycling companies to be a part of.

Lucky Group: Quality and Ethics

Lucky Group is a huge name in the international metal industry. It is a company which is highly reputed for its work.

We basically have three companies- Lucky Recycling, Lucky Star Alloys, Lucky Alloys and Fortune Metals. We’ve earned a global recognition today. The company has been in the business since 1973. All the three companies are highly successful and are doing a great job.



Fortune Metals was established in Toronto, Canada, in 1990. This company deals with the scrap metals trading. At this moment, the business has a humongous network of buyers and suppliers around the world. The company has a staff which comprises of highly knowledgeable and expert staff. The aim of Fortune Metals is to provide their customers with excellent quality scrap metal material to the clients. Well, not only this, it is also their aim to meet the time deadlines. Also, the company has highly courteous client servicing team which works hard to meet the needs of their clients. The company obtains metals from several different countries and has a well acclaimed base of loyal suppliers who provide quality products for its customers.

Fortune Metals Inc is now regarded as the top choice in scrap metals for customers and suppliers all over the globe because of the excellent services that it provides to their clients. Apart from this, Fortune Metals Inc is a staunch believer in following all the rules and regulations laid down by the government. The company also follows strict rules for checking the quality standards of their products and uses high technology equipments to confirm the same.

In a world of growing business and competition, there are hardly any companies who follow ethical practices. However, our company is highly concerned environmentally.

So, it believes in practicing a business which propagates the well being of our planet and doesn’t hamper the same.

Metal Recycling in Dubai: Working Towards the Betterment of the Environment

Dubai being one of the leading cities in the world has also seen some of the most enthusiastic companies that promulgate green environment in Dubai. These companies are actively involved in practicing and promoting metal recycling in Dubai.

These safe environment recyclers  are much concerned about the ecology around us.

There are a lot of entrepreneurs who having started recycling businesses on a large scale. These businesses focus on making the most out of recycling. The business is much profitable and at the same time, recycling is something the world is becoming more conscious towards. These businesses are ensuring that the use of conventional resources is minimized and the available resources are recycled. The metal recycling companies in Dubai have set up various recycling centres throughout the emirate and are constantly working towards making the people aware towards the benefits of recycling and the need of the same in today’s life. Also, it is such companies that set a perfect example for others in the industry to make sure that their business practices do not harm the environment in any manner.

These companies try to ensure that all the possible recyclable metals are collected and these metals are efficiently recycled to be used as good as new. The recycled metals are then used by manufacturers to produce new products, without the need for extracting the raw materials from the earth’s crust. So, the aluminium cans that we put intotrash are picked up by the recycling companies, flattened and recycled into aluminium sheets which can be used to manufacture the cans again. These companies have excellent technology and equipment to ensure that the whole recycling process is highly efficient. Well, the major aim of these businesses is to avoid the wastage and reduce the usage of conventional resources. So, they have machinery and other technological equipment which gives out a very good output and provide with maximum ecological environment.



Recycling is highly beneficial because it not only helps companies to save a great deal on the production costs, but also promotes a better environment. Mining activities cause a lot of pollution and the release of hazardous gases and recycling metals helps to curb the same. Apart from this, recycling also helps in saving the landfills space; if goods are not recycled, they’ll simply end up in the landfills. Thus, this process has innumerable benefits.

Metal recycling in Dubai is gaining pace and people are becoming more conscious and concerned towards the environment. These safe environment recyclers like Lucky Group are working constantly towards the betterment of the environment through recycling.

Recycling Is a Must for Every Individual

Many companies and organizations are constantly propagating scrap metal recycling in Dubai. It is extremely important that the seriousness of this process is realized. What is more important is that it is executed.

The government along with the help of leading metal recycling companies has placed recycling bins all over the city. These bins are strategically placed in places where a common individual can easily dump the trash they wish to recycle. Some of these places are petrol pumps, gas stations bus stops, grocery stores, etc. All you need to do is carry your scrap and dump it into these bins. Does it still seem like a big task to do? Well, to make things simpler, there are recycling companies which offer you the privilege of having your scrap metals picked up from your home or even your work place.

Well, with so many facilities being presented to us, it is important that each one of us takes the initiative to recycle. Start looking out for scrap at your home or work place. See that it is being disposed off in a correct, environmentally responsible manner.  It is also important that you make sure that this scrap is processed correctly and isn’t simply ending up in a garbage heap along with everything else.

It is not only recycling that you should be looking forward to. It is also important to follow reduce and reuse the mantra. Don’t buy something in excess if you are not going to use it. Also, it is advisable to reuse what you can rather than simply throwing them in a rubbish. For recycling, you can take help of the professionals.

Lucky Group is one of the leading companies who are responsible for scrap metal recycling in Dubai, and they are continuously working towards recycling scrap metals effectively.

Green Economy in Dubai: Celebrating UAE’s 17th National Environment Day

Celebrating UAE’s 17^th National Environment Day on Tuesday, President Sheikh Khalifa was of the opinion that UAE can be an international pioneer in creating a green economy. He said that the major goal of this event was to make the country a world leader in the safety of the environment and energy efficiency.

Sheikh Khalifa also said that, “There is a need for public awareness, along with government effort, to promote production and deployment of renewable energy.” Promoting eco friendly modes of transport is also essential to support this cause; such transport helps in reducing the carbon emissions which are otherwise hazardous to the environment. Also, it is vital that organic farming is also propagated. Apart from this, there has to be an emphasis on preservation of biodiversity and an ecological balance needs to be maintained.

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“Adoption of the green economy is yet another important step towards the UAE Vision 2021.”

How to Start Recycling At Home

There are so many things which you do not need or are not in use for a long time. Instead of simply throwing these things in the dumpster, you can reuse them even more efficiently.  “Charity begins at home”, they say. Well, in this case, you aren’t doing a charity as such, but you are definitely helping the world to be a better place to live in. So, how do you go about it?

Look around in your house and see which are the items that you think is clutter, and you are thinking of disposing? You will find a lot of things in the kitchen which are can be used again. All your kitchen leftovers, food scraps and yard trimmings can be turned into good compost and can be used as a great fertilizer for your plants.

Do not throw away newspapers in the trash. Stack them separately as they can be sent for newsprint recycling directly. And not just the newspapers, you can store magazines, booklets, pamphlets, envelopes, old letters and other such paper materials together. Corrugated cardboard is also another material which is highly valued when it comes to recycling.

Apart from these things, you can collect things like aluminium cans, plastic bottles and tins which are recyclable. You can make things easier for the recycling company by flattening these cans. However, if that is not possible the least you can do is to clean them and hand them over hygienically for recycling.


You can contact your nearest recycling centre and ask them to collect things from your place, or you can yourself drop them off to these places. Thus, these are a few things which can help you to do your bit towards the society and the environment.

The Growth of Aluminium in the Middle East

The value and potential of aluminium in the transport and construction industries has been recognized over the past two decades.  This precious metal continues to gain popularity as an alternative to steel and iron due to its favourable properties. Its light weight coupled with strength, has allowed it to be the preferred material in the transport and construction industry. Its ability to be recycled at a mere fraction of the initial production cost of primary aluminium has accelerated aluminium growth in Middle East and solidified its position as a sustainable metal.



The use and consumption of aluminium is present in most industries today with the automotive and construction industry preceding the rest. Another industry that is a major consumer of aluminium is the packaging industry. The Aluminium market is shifting towards the Middle East bringing with it good opportunities and a lot of potential for growth.  The Aluminium industry is also experiencing an increased aluminium production mainly in Saudi Arabia, Bahrain, Iran and the UAE due to the availability of cheap energy in the region. Aluminium growth in Middle East further benefits from advantages such as rich bauxite reserves as well as economical energy. Even the close proximity of the GCC region to European countries, enables smelter operators to further reduce costs.



Primary Aluminium production in the Gulf has been on the rise throughout 2011 and 2012 with the commissioned Qatalum smelter reaching its full capacity of 585kt. Thus, the aluminium production growth rate is expected to sustain itself over next few years. The GCC region is estimated to have already invested around Dhs17.3bn into aluminium projects and plans to invest an additional $968bn in major projects over the next ten years. The aluminium industry has now emerged as one of the major economic drivers for the Gulf, contributing to increased job creation. It has also accelerated the growth of both small and medium size industries thereby contributing to community development in the UAE.

An estimated 80% of aluminium produced in the Gulf is exported to different parts of the world. This has reaffirmed the GCC’s vital role to meet local, regional and global demand. Therefore it will not be too long before the smelters in Europe and the US face cut throat competition due to Middle East Aluminium market trends that have resulted in both mass production as well as a cheap supply from aluminium producers in the Middle East.

Lucky Group: 40th Anniversary Celebration

We at Lucky Group are proud to announce our 40^th anniversary of metal recycling since our commencement in 1973. It also brings us great pride to celebrate our achievements in terms of our infrastructural set up. This comprises of three world class recycling facilities in the UAE that cover an area of more that 600, 00 square feet. It has been a pleasure serving you, and it would be our honour to continue providing all our esteemed clients with the high standard of business for many more years to come.

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Interesting Facts about Recycling

We have often heard of the environmental phrase “reduce, reuse, and recycle”. The question is, what do these terms really mean? Reducing implies decreasing the volume of waste we generate as well as the amount of harmful chemicals we use in the first place. Reusing means making optimum use of the products that we purchase as well as donating them to free recycle groups. Recycling, which is an extremely crucial step in this process is basically a series of activities within a cycle that includes the separation and collection of materials that otherwise would be considered waste. It also includes the processing and re-manufacturing of these items into new products, and the use of the recycled products to complete the cycle. I have written this blog post with the sole purpose of explaining about what we can save by recycling and the numerous benefits of recycling.

They are as follows:

Recycling saves energy: Energy is a perfect example of what we can save by recycling. A large amount of energy goes into collection of raw materials and the production of fresh products. For example, the energy that goes into the production of one aluminium can is enough to recycle 20 aluminium cans. Therefore on a large scale, recycling could translate into huge reductions in energy costs.

Recycling conserves resources: There is a tremendous amount of gasoline that goes into the manufacturing of aluminum cans. Recycling helps conserve this limited natural resource. Similarly, a lot of forests are cut down to produce fresh paper and this results in infinite consequences like global warming, loss of natural habitat, soil erosion and the extinction of endangered animals. Recycling can put an end to this problem.

Additional income:  An additional source of income is an excellent example of the benefits of recycling. Recycling can serve as a source of income as there is a lot of money in recycling. There are many miscellaneous articles that lie around our houses that will eventually end up in landfills. Recycling can put these items to better use and also generate a bit of income. Even communities that come together to recycle their waste can considerably reduce their waste disposal costs.

Thus we can see that recycling not only conserves natural resources but also benefits individuals and communities. Recycling is a matter of choice and it time we become more responsible before it too late.

Never Refuse To Reduce- Benefits of Precycling

It is pretty evident that everyone has heard the phrase-“reduce, reuse and recycle”. Although recycling is considered as a good habit there is now a need to take this sense of responsibility and accountability to a new level. Precycling is a proactive approach of making wise purchasing decisions in order to reduce the amount of waste that we generate. The key component of successful precycling is finding effective ways to reduce waste. The most important part of the process is knowing how to avoid redundant waste. We can do this by simply avoiding disposable items and purchasing items with less packaging.



This is a positive approach as it encourages people to look for ways to prevent utilizing items that will generate waste and obtain products that can be reused or recycled for better uses. This practice takes into account the total quantity of waste that a product will generate before it is purchased. Precycling can help reduce household waste from four garbage bags a week to one by reducing both the amount of trash we bring into our homes and the amount of trash we throw away. This approach to waste management not only benefits the environment but it also help in saving money.



The following are a few easy and simple tips on how you can learn to precycle.

• Minimal packaging: Start shopping for products that use minimal packaging. Minimal packaging means that fewer materials were created to begin with and thus less is wasted once the product is used.


• Refillables and concentrates: Refillables and concentrates have only just begun to gain popularity as eco friendly options. These products require less packaging due to their small size therefore save both materials and energy during manufacturing. This also saves money for the manufacturing companies and they in turn pass on the savings to the purchaser.


• Bulk Purchasing: A lot of people shop in bulk to save money but many do not even realize that its waste reducing potential. Less packaging is used for products that are sold in bulk as each product does not need to be packed individually.


• Disposables: Although disposable products like paper napkins, plastic cups and plates are purchased for their convenience they are responsible for generating a large amount of waste. It is best to avoid such products as they ultimately end up in landfills where they take up excess space.
  
  

To start implementing these principles in your daily lives you can begin by reducing all your unnecessary waste by making environmentally-sound and cleaver decisions at the store. Making responsible purchasing decisions can help you prevent needless waste from entering the solid waste stream.

Lucky Group: Happy New Year 2013 !!

As this year comes to an end, we at Lucky Group would like to take this opportunity to wish all our colleagues, staff, associates and clients a happy and prosperous new year.


May the coming year bring you health, wealth, peace and joy.

We look forward to working together with you in the New Year.

Here's wishing you & your loved ones a happy 2013 !!

Ban on Cash Transactions for Scrap Metal Trade

Due to the increasingly high value of metalin the UK, the crime rate for stolen scrap metal was on rise. The feeble laws surrounding the scrap metal trade, worked in the favour of unscrupulous scrap metals yard owners, traders and recyclers. The administration in England and Wales took up the matter in the House of Commons and passed the new controversial rule. On the 3^rd of December, a legislation banning all cash transactions at recycling yards came in to effect. The legislation stated that scrap metal dealers would now be forced to carry out trade via electronic payments or cheque. They would also be required to maintain a record of all transactions and deals made. The legislation also stated that anyone found guilty of disobeying the new statutory law would be prosecuted to the full extent of the law. Offenders would be liable to pay heavy fines or even have their license cancelled. The audit trail that is facilitated by the legislature will lead back to all parties who profit through metal theft.

Amendments to the Legal Aid, Sentencing and Punishment of Offenders (LASPO) Act will mean that all cash transactions for metal at recycling yards will be outlawed.  The new Act also gives the police force the necessary jurisdiction to enter scrap metal yards at will and ascertain whether the ban on cash payments is being complied with. If protocol is found to be breached, the employee responsible for making the payment, the management, and the company that has failed to take reasonable steps to prevent payment being made will be prosecuted.



The BTP (British transport police) deputy chief constable Paul Crowther stated that metal theft was a serious threat to the infrastructure of Great Britain and that the outdated legislation has been exploited unscrupulous metal recyclers for far too long.

The British authorities also hope that these measures will have a negative impact on the market for stolen metal as well as illegal scrap metal recycling and that the severe sanctions will deter anyone from metal theft. However, this new legislation cannot function in isolation and will require the cooperation and support of the industry, police and other agencies.

UAE Celebrates 41 Glorious Years of Unity

The sound of joy and cheer filled the air as thousands of happy people came together to celebrate the nations 41^st National day. Even the occasional shower of rain failed to stand in the way of the 41st Sprit of the union.  The Streets were shadowed by a panorama of people sporting the national colours-red, green, white and black.

A variety of entertaining activities were organized by each Emirate for the national day celebrations. The heritage Village in Abu Dhabi hosted a number of cultural activities such as camel rides, hooded falcons and exotic dances to celebrate the time-honoured Emirati culture. Local women could be seen giving cooking displays at the traditional market which also hosted informative sessions on the UAE’s agricultural history. Most vehicles were adorned with flags, stickers and pictures of the UAE’s rulers despite the warnings of fines. The locals of Al Ain visited the Historic Souq Al Qattara that was recently reopened to celebrate the national day while others visited Jebal Hafeet and Green Mubazzarah to see the horse parade.

The Down town Dubai Parade that is held annually attracted hundreds of people who thronged to the Emaar Boulevard on Sunday afternoon. Organizers reported that more than 3,500 people participated in the parade. Also, unveiled at the parade was Mercedes jeep that was encrusted with Dh1 coins.

An enormous UAE flag was hoisted on a 123-metre tall flag pole (7^th tallest in the world) at Sharjah. The ceremony was inaugurated by Dr Sheikh Sultan Bin Mohammed Al Qasimi (ruler of Sharjah). There was also an event held opposite Al Jazeera Park that featured a musical show as well as a march by the Sharjah Police band. There was also an array of cultural dances, multimedia shows, and fire work displays held at the Sharjah fountain.


Many people in Ras Al Khaimah flocked to the streets in their colourful cars decorated with twinkling lights to celebrate the auspicious day. The Fujairah City Centre hosted a number of traditional activities like a Marine songs, traditional dance performances and games. 40000 Chinese lanterns, decorated in the UAE national colours, lit up the night sky at the cornice inn Ajman. There was also a national day celebration march at the cornice similar to the one organized at Umm Al Quwain.

An ambience of patriotism and joy filled the air as the 41^st spirit of the union filled the hearts of the citizens of the UAE.

We at Lucky Group of companies are honoured and privileged to congratulate the leadership of the UAE and our esteemed clients on this grand occasion of the 41^st anniversary of its union.

Spirit Of The Union - 41st UAE National Day

We at Lucky Group are honoured to congratulate the leadership of the UAE and our esteemed clients on this grand occasion of the 41^st anniversary of its union.

We would also like to send out our best wishes to H.H. SHEIKH KHALIFA BIN ZAYED AL NAHYAN, (president of the Arab emirates) HH SHEIKH MOHAMMED BIN RASHID AL MAKTOUM, (vice president, Prime Minister of the UAE and ruler of Dubai) along with their highness's, the members of the supreme council as well as their royal families.

It also gives us great pleasure to congratulate the honourable citizens of the United Arab Emirates on achieving 41 glorious years of unity and prosperity.