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.

[caption id="" align="alignright" width="301"] source:thetrendwatch(dot)com[/caption]

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.

Progress & Achievements of Lucky Group in Recycling Industries.

The Lucky Group as a family run business in 1973 when Dilawar and Iqbal founded the business in order to provide recycling solutions. The business grew as more family members joined and it is today known as the Lucky group as its Flagship Company. Today, we have a growing clientele in more than 40 countries.Lucky Group today is a family owned business and is a vital scrap metal dealer of copper, brass, aluminum, stainless steel, ferrous and rubber to several industries around the world. We recycle a variety of ferrous and non-ferrous metals around the world.

Lucky Group of Company maintains its daily operations and design strategies based on honesty, professional integrity and with an ethical mindset. A legal and compliance cell exists to aid vital components of our organizational infrastructure.

We cater to the scrap metal needs of our clients and, at the same time, to expand our sourcing by creating strategic alliances with our suppliers to create value for our clients.

We want to generate value for all our stakeholders by making the most optimal use of all available resources and opportunities in an ethical, lawful and efficient manner. Each member of the Lucky Group works towards assuring confidence, whether in the superlative quality levels maintained during production, a strong code of integrity in business dealings or in the accuracy of its account management.

Lucky Group is a fervent believer in exceptional quality standards and constant improvement. Our company has won numerous awards for top notch service. Lucky Group is an ISO 9001: 2008 certified company that works towards ethics and thrives to work for better and strives to work towards a better and more sustainable future. With 40 years of experience and expertise in the recycling industry for Lucky Group has been thriving to ensure quality services to our clientele.

Lucky Group has a scrap division and an alloy division, and haspresence across the Dubai, Jebel Ali, Doha and Qatar. With offices in the emirates and Canada our increasing and larger existence goes to show that our services cater to a larger clientele worldwide.

Choose the Lucky Group to Be Lucky in your professional Recycling needs.

Lucky Group - Extended Partnership with Emirates Environmental Group(EEG)

Lucky Group is proud to extend its partnership to the Emirates Environmental Group (EEG) for its annual Can Collection Drive on Feb 27, 2014.Lucky Group has been a dedicated contributor to the Drive over the years and believes in its strengthening message for Environmental Sustainability.

Lucky Group is proud to participate as a Gold sponsor at the Middle East Metals Recycling Conference 2014

[caption id="attachment_798" align="aligncenter" width="211"] Source: metalsrecyclingme(dot)com[/caption]

Let the curtain rise.

Lucky Group is all set to participate in the Middle East Metals Recycling Conference 2014 as a Gold sponsor. The event will witness both regional and international speakers share their insight on the latest trends in the recycling industry. This occasion will arrive as the result of an amicable partnership between the leading international publisher Recycling Today and Waste & Recycling Middle East.

The event will be taking place from March 2 to March 3 at the JW Marriot Marquis Dubai, UAE.

[caption id="attachment_799" align="aligncenter" width="397"] Source: metalsrecyclingme(dot)com[/caption]

Single Stream Recycling with Lucky Group

So, you want to recycle, and you have heard so much about it. However, do you think it is a big task to sort things and take them to a recycling centre for recycling? Well, then why don’t you consider the option of single stream recycling? Now, yes, you must be confused as to what is this type of recycling now.

Isn’t it difficult for you to segregate all the waste that you have? Well, admit it sometimes it gets really taxing and boring to separate the trash. You might not even have the time for this. Here’s where single stream recycling comes to the rescue. Simply dump all that you want to recycle in one place. The recycling company will do the rest for you!

This type of recycling is especially beneficial when you want to recycle scrap metals. In these cases, you might not be able to differentiate between two metals because you do not have detailed knowledge about the same. However, all you know is that these metal products can be recycled. There could be some brass and copper vases, old lamps, door knobs, some old steel utensils, instruments, aluminium cans and so on and so forth. Segregating everything can be a herculean task. However, single stream recycling can help you a great deal in such tricky situations.

Lucky Group recycles a lot of metals like copper, brass, steel, aluminium, iron and many more. This is the best company you can choose for single stream recycling. Contact your nearest Lucky Group scrap recycling centre and de-clutter your house in an eco-friendly manner.

Lucky Group’s Participated in the ICC Academy for the Spinz Challengers Cup 2013

Lucky Group’s cricket team “Lucky Stars” is pleased to accept an invitation from the ICC Academy for the Spinz Challengers Cup 2013 taking place at the Dubai Sports City from October 24th to November 15, 2013.

Indian rupee devaluation hits Middle Eastern non-ferrous scrap flows

 

Source: http://www.metalbulletin.com/Article/3224244/Search/Indian-rupee-devaluation-hits-Middle-Eastern-non-ferrous.html?PageId=196010&Keywords=Salman+Shaban

Middle East, Asia drive fresh wave investment in Scrap Sector - Lucky Group

Source: http://www.metalbulletin.com/Article/3222510/Middle-East-Asia-drive-fresh-wave-of-investment-in-the-scrap-sectorLucky-Group.html

Lucky Group Participates In the 2013 World Recycling Convention & Exhibition

We, at Lucky Group would like to announce that we will be participating in the 2013 World Recycling Convention & Exhibition in Shanghai. Lucky Group is a proud Emerald sponsor at the upcoming BIR conference. We will be using this opportunity to reach out to a powerful group of leading recycling industry business people from across the globe.



The event will be held from May 27-29,2013, at the Pudong Shangri-La Hotel. This is an internationally recognized five-star business hotel. It is located at the famous Huangpu River in Shanghai’s vibrant Lujiazui financial district, directly opposite the historical Bund.

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.

[caption id="attachment_658" align="alignleft" width="477"] Credit: www.waste-Recyclingme.ae[/caption]