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DG Cement

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Cement manufacturer in Pakistan
DG Cement
FormerlyDera Ghazi Khan Cement
Company typePublic
Traded asPSX: DGKC
KSE 100 component
KSE 30 component
IndustryCement
Founded1986; 39 years ago (1986)
HeadquartersLahore, Pakistan
Key peopleRaza Mansha (CEO)
Naz Mansha (chairperson)
Products
  • DG Cement
  • Elephant Cement
  • Hathi Cement
  • Block Cement
RevenueIncrease Rs. 70.495 billion (US$240 million) (2023)
Operating incomeIncrease Rs. 11.044 billion (US$38 million) (2023)
Net incomeDecrease Rs. -3.366 billion (US$−12 million) (2023)
Total assetsIncrease Rs. 142.246 billion (US$490 million) (2023)
Total equityDecrease Rs. 67.142 billion (US$230 million) (2023)
OwnerNishat Mills (31.40%)
Mian Umer Mansha (6.29%)
Mian Hassan Mansha (6.19%)
Number of employees1,881 (2023)
ParentNishat Group
SubsidiariesNishat 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%)
Websitedgcement.com
Footnotes / references
Financials as of 30 June 2023

DG Cement is a Pakistani building materials company which is part of Nishat Group. It is one of the largest cement manufacturer of Pakistan with a production capacity of 14,000 tons per day.

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

History

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

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. 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.

In 1994, DG Cement initiated a $170 million expansion project at its Dera Ghazi Khan plant in Punjab. The project was financed in part by the International Finance Corporation (IFC), which approved a $10 million exposure for the facility in 1995. The project contract was awarded to FLSmidth and was denominated in Danish kroner.

In 2004, DG Cement commissioned its second plant in Khairpur, Chakwal at a cost of PKR 9 billion.

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

Plants

  • Hub
  • Khairpur, Chakwal
  • DG Khan

Shareholding pattern

Shareholders % of Shareholding
Nishat Mills Limited 31.40
Mian Umer Mansha 6.29
Mian Hassan Mansha 6.19
Last updated: December 2023

References

  1. "DG Cement Annual Report 2023". Archived from the original on 5 April 2024. 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. Archived from the original on 1 December 2017. Retrieved 22 November 2017.
  4. ^ "DG Khan Cement". Archived from the original on 2019-10-27. Retrieved 2017-11-22.
  5. Sharif, Farhan (April 18, 2012). "Pakistan's D.G. Khan Swings to Profit on Higher Cement Prices". Bloomberg.
  6. ^ "DG Khan Cement Company Limited – brief history". June 16, 2005. Archived from the original on July 16, 2019. Retrieved July 16, 2019.
  7. Jafarey, V. A. Structural Adjustment and Macroeconomic Policy Issues. International Monetary Fund. Archived from the original on 2024-06-05. Retrieved 2024-11-28 – via www.elibrary.imf.org.
  8. "Ministry of Privatisation - Privatisation Commission". March 28, 2023. Archived from the original on March 28, 2023. Retrieved November 28, 2024.{{cite web}}: CS1 maint: bot: original URL status unknown (link)
  9. Jamal, Nasir (November 11, 2013). "Rebuilding on ruins of nationalisation". Dawn. Archived from the original on July 8, 2023. Retrieved November 28, 2024.
  10. Hussain, Dilawar (October 4, 2002). "D.G.Khan Cement: CORPORATE PROFILE". DAWN.COM. Archived from the original on July 16, 2019. Retrieved July 16, 2019.
  11. ^ "MEED | PAKISTAN: IFC promotes hedging deals". Archived from the original on 2024-05-09. Retrieved 2024-11-28.
  12. "MEED | PAKISTAN: Danes win two cement jobs". Archived from the original on 2024-06-02. Retrieved 2024-11-28.
  13. "New cement plant to be set up in Khairpur". DAWN.COM. July 2, 2004. Archived from the original on April 5, 2024. Retrieved November 28, 2024.
  14. Andrew, Marylou (17 February 2016). "Cementing growth – Prospects for Pakistan's cement industry". Archived from the original on 19 November 2017. Retrieved 23 November 2017.
  15. ^ "South in DGKC's expansion plan". 2 March 2015. Archived from the original on 4 February 2023. Retrieved 28 November 2024.
  16. "Shareholding pattern". Archived from the original on 2024-04-05. Retrieved 2024-11-28.
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