DG Cement

Last updated
DG Cement
FormerlyDera Ghazi Khan Cement
Company type Public
PSX:  DGKC
Industry Cement
Founded1986;38 years ago (1986)
Headquarters Lahore, Pakistan
Key people
Raza Mansha (CEO)
Naz Mansha (chairperson)
Products
  • DG Cement
  • Elephant Cement
  • Hathi Cement
  • Block Cement
RevenueIncrease2.svgRs. 70.495 billion (US$240 million) (2023)
Increase2.svgRs. 11.044 billion (US$38 million) (2023)
Decrease2.svgRs. -3.366 billion (US$−12 million) (2023)
Total assets Increase2.svgRs. 142.246 billion (US$490 million) (2023)
Total equity Decrease2.svgRs. 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.com
Footnotes /references
Financials As of 30 June 2023 [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]

Contents

It has three active plants which are present in Khairpur, Chakwal, Dera Ghazi Khan and Hub, Balochistan. [4]

History

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

Shareholding pattern

Shareholders % of Shareholding
Nishat Mills Limited 31.40
Mian Umer Mansha6.29
Mian Hassan Mansha6.19
Last updated: December 2023 [17]

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References

  1. ↑ "DG Cement Annual Report 2023" . Retrieved 24 May 2024.
  2. ↑ "DG Khan Cement rakes in Rs2.06 billion profit - The Express Tribune". 20 April 2017.
  3. ↑ "DG Khan Cement's Hub plant to come online by December this year". The Express Tribune . 18 July 2017.
  4. 1 2 "DG Khan Cement".
  5. ↑ Sharif, Farhan (April 18, 2012). "Pakistan's D.G. Khan Swings to Profit on Higher Cement Prices". Bloomberg.
  6. 1 2 "DG Khan Cement Company Limited – brief history". June 16, 2005.
  7. ↑ Jafarey, V. A. Structural Adjustment and Macroeconomic Policy Issues. International Monetary Fund – via www.elibrary.imf.org.
  8. ↑ "Ministry of Privatisation - Privatisation Commission". March 28, 2023.
  9. ↑ Jamal, Nasir (November 11, 2013). "Rebuilding on ruins of nationalisation". Dawn.
  10. ↑ Hussain, Dilawar (October 4, 2002). "D.G.Khan Cement: CORPORATE PROFILE". DAWN.COM.
  11. 1 2 3 "MEED | PAKISTAN: IFC promotes hedging deals".
  12. ↑ "IFC STRUCTURES FIRST RISK MANAGEMENT FACILITY IN PAKISTAN". IFC.
  13. ↑ "MEED | PAKISTAN: Danes win two cement jobs".
  14. ↑ "New cement plant to be set up in Khairpur". DAWN.COM. July 2, 2004.
  15. ↑ Andrew, Marylou (17 February 2016). "Cementing growth – Prospects for Pakistan's cement industry".
  16. 1 2 3 "South in DGKC's expansion plan". 2 March 2015.
  17. ↑ "Shareholding pattern".
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