| DG Cement | |
| Former Name: | Dera Ghazi Khan Cement |
| Type: | Public |
| Traded As: | KSE 100 component KSE 30 component |
| Location: | Lahore, Pakistan |
| Key People: | Raza Mansha (CEO) Naz Mansha (chairperson) |
| Industry: | Cement |
| Revenue Year: | 2023 |
| Income Year: | 2023 |
| Net Income Year: | 2023 |
| Assets Year: | 2023 |
| Equity Year: | 2023 |
| Num Employees: | 1,881 |
| Num Employees Year: | 2023 |
| Subsid: | 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%) |
| Owner: | Nishat Mills (31.40%) Mian Umer Mansha (6.29%) Mian Hassan Mansha (6.19%) |
| Parent: | Nishat Group |
| Footnotes: | Financials [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]
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.[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]
| Shareholders | % of Shareholding | |
|---|---|---|
| 31.40 | ||
| Mian Umer Mansha | 6.29 | |
| Mian Hassan Mansha | 6.19 | |
| Last updated: December 2023[17] | ||