DG Cement

Last updated
DG Cement
FormerlyDG Khan Cement
Company typePublic
PSX:  DGKC
Founded1986;38 years ago (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.dgcement.com

DG Cement is a Pakistani building materials company which is owned by Nishat Group. [4] It is one of the largest cement manufacturer of Pakistan with a production capacity of 14,000 tons per day. [5] [6]

Contents

The company has three active plants which are present in Khairpur, Chakwal, Dera Ghazi Khan and Hub, Balochistan. [5]

History

DG Cement was established in 1986 by state-owned company, State Cement Corporation of Pakistan in Dera Ghazi Khan. [7] The plant was supplied by Ube Industries of Japan. [7]

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. [8] [9] 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. [10] [11]

In 2004, DG Cement established its second plant in Khairpur, Chakwal at a cost of PKR 9 billion. [12]

In 2015, DG Khan setup its third and one of the largest plant of Pakistan in Hub, Balochistan. [13]

Plants

Shareholding pattern

Shareholders % of Shareholding
Nishat Mills Limited 31.40
Mian Umer Mansha6.29
Mian Hassan Mansha6.19
Last updated: December 2023 [15]

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References

  1. "DG Khan Cement". www.dgcement.com. Archived from the original on 2017-11-19. Retrieved 2017-11-22.
  2. "DG Khan Cement rakes in Rs2.06 billion profit - The Express Tribune". 20 April 2017.
  3. http://www.dgcement.com/financial-reports/2017_18_f.pdf [ bare URL PDF ]
  4. "DG Khan Cement's Hub plant to come online by December this year - The Express Tribune". 18 July 2017.
  5. 1 2 "DG Khan Cement".
  6. Sharif, Farhan (April 18, 2012). "Pakistan's D.G. Khan Swings to Profit on Higher Cement Prices". Bloomberg.
  7. 1 2 "DG Khan Cement Company Limited – brief history". June 16, 2005.
  8. https://www.elibrary.imf.org/display/book/9781557753021/ch04.xml
  9. "Ministry of Privatisation - Privatisation Commission". March 28, 2023.
  10. Jamal, Nasir (November 11, 2013). "Rebuilding on ruins of nationalisation". Dawn.
  11. Hussain, Dilawar (October 4, 2002). "D.G.Khan Cement: CORPORATE PROFILE". DAWN.COM.
  12. "New cement plant to be set up in Khairpur". DAWN.COM. July 2, 2004.
  13. Andrew, Marylou (17 February 2016). "Cementing growth – Prospects for Pakistan's cement industry".
  14. 1 2 3 "South in DGKC's expansion plan". 2 March 2015.
  15. "Shareholding pattern".