User:Ronaldinayat/sandbox

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Ronaldinayat/sandbox
Public
Traded as DAWH (KSE[1])
Industry Fertilizer
Food
Information Technology
Chemicals
Property Development
Financial Services
Power Generation
Founded Basic Foundation: 1948, Holding Company Incorporated 2011 as Dawood Hercules Corporation Limited
Founder Ahmed Dawood
Headquarters Karachi, Pakistan.
Area served
Pakistan
Key people
Hussain Dawood
Chairman
Shahid Pracha
CEO
Parent Dawood Group
Website http://www.dawoodhercules.com

Dawood Hercules Corporation Limited (DH Corp.) is a Pakistani investment holding company with diverse business interests ranging from IT and financial services to food, fertilizer, chemicals manufacturing and storage, property development and energy.

DH Corp. focuses on managing its investments including its subsidiary DH Fertilizers Limited, a 38% ownership of its associated company Engro Corporation Limited, a stake in Sui Northern Gas Pipelines Limited and a recent acquisition of stake in the Hub Power Company Limited.

Business interests:

  • DH Fertilizers Limited (wholly owned subsidiary)
  • Dawood Lawrencepur Limited
  • Tenaga Generasi Limited
  • Pebbles Private Limited
  • Inbox Business Technologies
  • Elixir Securities Private Limited
  • Cyan Limited

Investments:

  • Engro Corporation Limited
  • Sui Northern Gas Pipelines Limited
  • Hub Power Company Limited


History[edit]

1948[edit]

Ahmed Dawood starts Dawood Group, which would become the basis of many future businesses.

1952[edit]

Dawood Cotton Mills Limited set up in Karachi.

1954[edit]

Burewala Textile Mills Limited established in Punjab.

1954[edit]

Lawrencepur Woolen & Textile Mills became operational and produced yarn for hand knotted carpets, blankets for Armed Forces, tweed and worsted fabrics.

1960[edit]

The group establishes Central Insurance Company. The company operated in all major cities of Pakistan and transacted all conventional forms of insurance covers successfully.

1960[edit]

Lawrencepur Woolen & Textile Mills saw a revolutionary change as Dawood Group took over the mills. The new management took radical steps to expand and modernize the production facilities.

1961[edit]

Dawood Foundation, a public charity trust started.

1967[edit]

Dilon Limited, Pakistan’s first Nylon Yarn Producer, was established in Karachi.

1968[edit]

Dawood Hercules Chemicals Limited was established as a joint venture between the Dawood Group and Hercules Chemicals Inc. of the USA. It was the first private sector venture in Pakistan to receive a loan by the World Bank.

1971[edit]

In East Pakistan Karnaphuli Paper Mills, Karnaphuli Rayon & Chemicals Limited, Dawood Jute Mills and Dawood Shipping Company were founded.

1971[edit]

Group investments in East Pakistan were lost with the creation of Bangladesh. The East Pakistan industrial undertakings constituted almost 60% of the Group’s activities.

1974[edit]

The business enterprise suffers further setbacks as the Government of Pakistan nationalizes a number of large Pakistani industrial undertakings; the Group lost its flagship company, Dawood Petroleum Ltd.

1984[edit]

New polyester plant was installed at Dilon unit with the daily capacity 4.5 ton of flat and textured filament yarn.

1996[edit]

Burewala Textile Mills became Pakistan’s first spinning and weaving mill to receive the prestigious ISO 9001 certification.

1998[edit]

Lawrencepur Woolen & Textile Mills obtained ISO 9001 certification in April, 1998.

2002[edit]

Hussain Dawood elected Chairman of Dawood Hercules Chemicals Limited.

2002[edit]

Elixir Securities, a full service brokerage firm, acquired.

2003[edit]

Dawood Hercules Chemicals Ltd. acquires 61 million shares (10 %) in Sui Northern Gas Pipelines Limited.

2004[edit]

Amalgamation of all textile companies of the Dawood group into a single entity named Dawood Lawrencepur Limited.

2004[edit]

The Group acquires a majority stake in Inbox Business Technologies Pvt. Ltd. - Pakistan's leading computer brand.

2006[edit]

Hussain Dawood assumes Chairmanship of Engro Chemical Pakistan Ltd on 25th April, 2006.

2010[edit]

In June 2010, Dawood Hercules Chemicals Ltd. announces the demerger of its fertilizer business.

2010[edit]

The fertilizer business is transferred to a wholly owned and newly incorporated subsidiary - DH Fertilizers Ltd.

2011[edit]

Dawood Hercules Chemicals Ltd. becomes Dawood Hercules Corporation Limited (DH Corp.), a holding company which focuses on exploring investment opportunities.[1]

2011[edit]

Central Insurance renamed as Cyan Limited, becomes an equity investment company.

2012[edit]

DH Corp. and its affiliates collectively acquire 16.42% stake comprising 190mn shares in Hub Power Company Limited (HUBCO).

References[edit]

  1. ^ Dawood Hercules Chemicals Ltd. Announces Demerger; Plans Name Change http://www.reuters.com/finance/stocks/DAWH.KA/key-developments/article/2372634

External links[edit]