DG Cement: Difference between revisions
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Revision as of 23:53, 24 March 2024
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| Formerly | DG Khan Cement |
|---|---|
| Company type | Public |
| PSX: DGKC | |
| Founded | 1986[1] |
| Headquarters | Lahore, Pakistan |
Key people | Mian Muhammad Mansha |
| PKR 2.2 billion (21 million dollars) (2016)[2] | |
| Parent | Nishat Group (48.9%)[3] |
| Website | www |
DG Cement is a Pakistani building materials company which is owned by Nishat Group.[4] It is the largest cement manufacturer of Pakistan with a production capacity of 14,000 tons per day.[5]
The company has three active plants which are present in Khairpur, Chakwal, Dera Ghazi Khan and Hub, Balochistan.[5]
In 1992, Nishat Group acquired the company under privatization scheme.[1][6]
DG Khan cement stands for Dera Ghazi Khan cement. This is due to fact that first plant was setup in southern Punjab city Dera Ghazi Khan.[1]
History
The company was started in 1986 to cater the cement needs in Pakistan. The plant was supplied by the Ube Industries of Japan.[7] Initially, it was state-owned company under State Cement Corporation of Pakistan providing jobs to thousands of people.[7] The company established their first active plant in southern Punjab city Dera Ghazi Khan and therefore kick-started their production.[7] This was first step to industrialize the Southern region of Punjab, Pakistan. Then, they established their second plant in Khairpur, Chakwal. This increased their production capacity and became one of well performing cement companies of Pakistan.[5]
Expansion
Pakistan has an attractive market of cement industry. In 2015, it was reported local demand for cement increase by 12% in one year and so the DG Khan cement decided to increase their capacity. Pakistani cement demands are increasing with time due to active construction industry. In 2015, it was reported that local demand increased drastically due to Pakistan-China Economic Corridor. With this hike in demand DG Khan setup their third and one of the largest plant of Pakistan in Hub, Balochistan which is on the edge of Pakistani metropolis Karachi. Cement manufacturing plant usually takes two to three years to complete. So, it is expected that this plant's construction will complete in 2018 making DG Khan cement largest cement manufacture of Pakistan.[8]
Acquisition
The government-owned company was acquired by Pakistani business group Nishat Group in 1992 to expand and diversify their business.[1]
Plants
References
- ^ a b c d "DG Khan Cement". www.dgcement.com. Archived from the original on 2017-11-19. Retrieved 2017-11-22.
- ^ "DG Khan Cement rakes in Rs2.06 billion profit - The Express Tribune". 20 April 2017.
- ^ http://www.dgcement.com/financial-reports/2017_18_f.pdf [bare URL PDF]
- ^ "DG Khan Cement's Hub plant to come online by December this year - The Express Tribune". 18 July 2017.
- ^ a b c "DG Khan Cement". www.dgcement.com.
- ^ Hussain, Dilawar (October 4, 2002). "D.G.Khan Cement: CORPORATE PROFILE". DAWN.COM.
- ^ a b c "DG Khan Cement Company Limited – brief history". June 16, 2005.
- ^ Andrew, Marylou (17 February 2016). "Cementing growth – Prospects for Pakistan's cement industry".
- ^ "South in DGKC's expansion plan". 2 March 2015.
- ^ "South in DGKC's expansion plan". 2 March 2015.
- ^ "South in DGKC's expansion plan". 2 March 2015.
- Nishat Group
- Cement companies of Pakistan
- Manufacturing companies established in 1986
- Companies established in 1986
- Pakistani brands
- Manufacturing companies based in Lahore
- 1992 mergers and acquisitions
- Companies listed on the Pakistan Stock Exchange
- Companies in the KSE 100 Index
- Formerly government-owned companies of Pakistan
- Dera Ghazi Khan District