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Formerly | DG Khan Cement |
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Company type | Public |
PSX: DGKC | |
Founded | 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 |
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]
The company has three active plants which are present in Khairpur, Chakwal, Dera Ghazi Khan and Hub, Balochistan. [5]
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]
Shareholders | % of Shareholding |
---|---|
Nishat Mills Limited | 31.40 |
Mian Umer Mansha | 6.29 |
Mian Hassan Mansha | 6.19 |
Last updated: December 2023 [15] |
Mian Muhammad Mansha is a Pakistani business magnate. He is the founder and CEO of the Lahore-based international conglomerate Nishat Group. Mansha and some of his immediate family members are among the highest tax-paying individuals in Pakistan.
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