Jump to content

Descon

Add links
From Wikipedia, the free encyclopedia

This is an old revision of this page, as edited by Hugo999 (talk | contribs) at 04:03, 10 August 2020 (removed Category:1977 establishments in Pakistan; added Category:Pakistani companies established in 1977 using HotCat). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

Descon Engineering
Company typePrivate
IndustryEngineering
Founded1977; 47 years ago (1977)
FounderAbdul Razak Dawood
HeadquartersLahore, Pakistan
Area served
Worldwide
Key people
Taimur Dawood (chairman)
Waseem Qazi
Adnan Bakhtiar
ServicesEngineering
Procurement
Construction
RevenueIncrease Approx. US$ 1 Billion[1]
Number of employees
15,000[2]
Websitedescon.com

Descon is a Pakistani multinational company[2] which is based in Lahore, Pakistan.[3] The company was founded on 15 December 1977.[2] It operates in the engineering, power and chemicals sectors.[2]

Descon is the only Pakistani engineering company to be included in the Engineering News-Record (a US magazine) list since 2007. Descon 19}}</ref>

History

The company was founded by Abdul Razak Dawood as Design Engineering and Construction Services (Descon) in 1977. The initial money used for the startup was Rs.  3.2 million.[3] From this, they expanded into three sectors and are now operating in UAE, Qatar, Saudi Arabia, Kuwait, Oman. Iraq and South Africa.[3]

The company got their first contract when Attock Refinery asked to set up a small refinery in 1978.[3] In 1981, they got a bigger four-year project of National Refinery which helped the company to expand.[3]

In 1982, they tried to expand to regional markets, where they helped a Saudi company and afterwards got a small project in Abu Dhabi. By 2018, this company was generating 60% of its income from overseas markets which helped the company grow to be a billion-dollar company.[3][1]

In 2018, Descon expanded its footprint into South Africa by acquiring an engineering firm there.[1][2]

Businesses

The Engineering Business comprises following establishments:

  • Descon Engineering Limited
  • Descon Engineering Abu Dhabi
  • Descon Engineering Qatar LLC
  • Descon Engineering Hamriyah FZE
  • Descon Engineering Services & Technology (Pvt.) Limited
  • Presson Descon International Limited
  • Olayan Descon Engineering Company, Kingdom of Saudi Arabia
  • Descon Technical Institute, Pakistan

Descon Chemicals Business comprises the following establishment:

  • Descon Oxychem Limited (manufacturing plant of Hydrogen Peroxide - a bleaching and oxidizing agent used in textile, paper and food industries[4]
  • In financial year 2016-17, Descon's chemical business recorded a growth of 356% in profit.[3]

Power

Descon Power owns the following establishments:

  • Descon Power Solutions (Pvt.) Limited[2]
  • Rousch Power Pakistan Limited
  • Altern Energy Limited

Operation & maintenance

It is also active in operation & maintenance (O&M) of power plants in Pakistan. Following is a list power plants which have contracted with the Descon for operation & maintenance:

  • FFC Energy Limited (FFCEL)[5]
  • FWEL-I[5]
  • FWEL-II[5]
  • Metro Wind Power[5]
  • Gul Ahmed Wind Power[5]
  • Yunus Wind Power[5]
  • Hartford Alternate Energy[5]

See also

References

  1. ^ a b c Nasir Jamal (8 January 2018). "Descon head wants level playing field under CPEC (China-Pakistan Economic Corridor)". Dawn (newspaper). Retrieved 11 December 2019.
  2. ^ a b c d e f "Descon kicks off 40th anniversary celebrations". The News International (newspaper). 15 November 2017. Retrieved 11 December 2019.
  3. ^ a b c d e f g Shahram Haq (25 December 2017). "Descon plans to venture into South Africa market - The Express Tribune". Retrieved 11 December 2019.
  4. ^ Finance facility (Descon Oxychem Limited) Dawn (newspaper), Published 8 November 2007, Retrieved 11 December 2019
  5. ^ a b c d e f g "FFC Energy Limited extends contract with Descon Power Solutions". Daily Times. 12 July 2018.


Stub icon

This Pakistani corporation or company article is a stub. You can help Wikipedia by expanding it.

Retrieved from "https://en.wikipedia.org/w/index.php?title=Descon&oldid=972096753"