| Formerly | Dera Ghazi Khan Cement |
|---|---|
| Company type | Public |
| PSX: DGKC | |
| Industry | Cement |
| Founded | 1986 |
| Headquarters | Lahore, Pakistan |
Key people | Raza Mansha (CEO) Naz Mansha (chairperson) |
| Products |
|
| Revenue |  Rs. 70.495 billion (US$240 million) (2023) |
| Rs. 11.044 billion (US$38 million) (2023) | |
 Rs. -3.366 billion (US$−12 million) (2023) | |
| Total assets | Rs. 142.246 billion (US$490 million) (2023) |
| Total equity | Rs. 67.142 billion (US$230 million) (2023) |
| Owner | Nishat Mills (31.40%) Mian Umer Mansha (6.29%) Mian Hassan Mansha (6.19%) |
Number of employees | 1,881 (2023) |
| Parent | Nishat Group |
| Subsidiaries | Nishat Paper Products (55%) Nishat Dairy Limited (55.10%) Hyundai Nishat Motors (10%) MCB Bank (8.63%) Nishat Mills (8.61%) Nishat Hotels and Properties Limited (8.55%) Adamjee Insurance (7.97%) |
| Website | dgcement |
| Footnotes / references Financials As of 30 June 2023[update] [1] | |
DG Cement is a Pakistani building materials company which is part of Nishat Group.[2][3] It is one of the largest cement manufacturer of Pakistan with a production capacity of 14,000 tons per day.[4][5]
It has three active plants which are present in Khairpur, Chakwal, Dera Ghazi Khan and Hub, Balochistan.[4]
History[edit]
DG Cement was established in 1986 by state-owned company, State Cement Corporation of Pakistan in Dera Ghazi Khan.[6] The plant was supplied by Ube Industries of Japan.[6]
In 1992, DG Cement was acquired for PKR 1,799 million ($73.5 million) by Saigol Group under the privatization scheme of the Government of Pakistan.[7][8] Later, it was transferred to Nishat Group in a swap scheme in which Nishat Group acquired DG Cement and Saigol Group acquired Maple Leaf Cement from Nishat Group.[9][10]
In 1994, DG Cement initiated a $170 million expansion project at its Dera Ghazi Khan plant in Punjab, aiming to increase daily production by 3,300 tonnes, with an annual output of approximately 2 million tonnes.[11] The project was financed in part by the International Finance Corporation (IFC), which later approved a $10 million exposure for the facility in 1995.[11] The funding arrangement included risk management tools allowing DG Khan to foreign exchange hedge against Danish kroner and interest rate risks for up to eight years.[12] The project contract was awarded to FLSmidth and was denominated in Danish kroner.[11][13]
In 2004, DG Cement commissioned its second plant in Khairpur, Chakwal at a cost of PKR 9 billion.[14]
In 2015, DG Khan setup its third and one of the largest plant of Pakistan in Hub, Balochistan.[15]
Plants[edit]
[edit]
| Shareholders | % of Shareholding |
|---|---|
| Nishat Mills Limited | 31.40 |
| Mian Umer Mansha | 6.29 |
| Mian Hassan Mansha | 6.19 |
| Last updated: December 2023[17] | |
References[edit]
- ^ "DG Cement Annual Report 2023". Retrieved 24 May 2024.
- ^ "DG Khan Cement rakes in Rs2.06 billion profit - The Express Tribune". 20 April 2017.
- ^ "DG Khan Cement's Hub plant to come online by December this year". The Express Tribune. 18 July 2017.
- ^ a b "DG Khan Cement".
- ^ Sharif, Farhan (April 18, 2012). "Pakistan's D.G. Khan Swings to Profit on Higher Cement Prices". Bloomberg.
- ^ a b "DG Khan Cement Company Limited – brief history". June 16, 2005.
- ^ Jafarey, V. A. Structural Adjustment and Macroeconomic Policy Issues. International Monetary Fund – via www.elibrary.imf.org.
- ^ "Ministry of Privatisation - Privatisation Commission". March 28, 2023.
- ^ Jamal, Nasir (November 11, 2013). "Rebuilding on ruins of nationalisation". Dawn.
- ^ Hussain, Dilawar (October 4, 2002). "D.G.Khan Cement: CORPORATE PROFILE". DAWN.COM.
- ^ a b c "MEED | PAKISTAN: IFC promotes hedging deals".
- ^ "IFC STRUCTURES FIRST RISK MANAGEMENT FACILITY IN PAKISTAN". IFC.
- ^ "MEED | PAKISTAN: Danes win two cement jobs".
- ^ "New cement plant to be set up in Khairpur". DAWN.COM. July 2, 2004.
- ^ Andrew, Marylou (17 February 2016). "Cementing growth – Prospects for Pakistan's cement industry".
- ^ a b c "South in DGKC's expansion plan". 2 March 2015.
- ^ "Shareholding pattern".
