DG Cement explained

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]

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.[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.[11] The project was financed in part by the International Finance Corporation (IFC), which approved a $10 million exposure for the facility in 1995.[11] The project contract was awarded to FLSmidth and was denominated in Danish kroner.[11] [12]

In 2004, DG Cement commissioned its second plant in Khairpur, Chakwal at a cost of PKR 9 billion.[13]

In 2015, DG Khan setup its third and one of the largest plant of Pakistan in Hub, Balochistan.[14]

Plants

Shareholding pattern

Shareholders% of Shareholding
31.40
Mian Umer Mansha 6.29
Mian Hassan Mansha 6.19
Last updated: December 2023[16]

Notes and References

  1. Web site: DG Cement Annual Report 2023. 24 May 2024. 5 April 2024. https://web.archive.org/web/20240405024839/https://financials.psx.com.pk/lib/DownloadPDF.php?id=216733. live.
  2. Web site: DG Khan Cement rakes in Rs2.06 billion profit - The Express Tribune. 20 April 2017.
  3. Web site: DG Khan Cement's Hub plant to come online by December this year. The Express Tribune. 18 July 2017. 22 November 2017. 1 December 2017. https://web.archive.org/web/20171201040717/https://tribune.com.pk/story/1460333/dg-khan-cements-hub-plant-come-online-december-year/. live.
  4. Web site: DG Khan Cement. 2017-11-22. 2019-10-27. https://web.archive.org/web/20191027070031/http://www.dgcement.com/index.html. dead.
  5. Web site: Pakistan's D.G. Khan Swings to Profit on Higher Cement Prices . Farhan . Sharif . April 18, 2012. Bloomberg.
  6. Web site: DG Khan Cement Company Limited – brief history. June 16, 2005. July 16, 2019. July 16, 2019. https://web.archive.org/web/20190716165744/https://fp.brecorder.com/2005/06/20050616282085/. live.
  7. Book: Jafarey, V. A.. Structural Adjustment and Macroeconomic Policy Issues. International Monetary Fund. www.elibrary.imf.org. 2024-11-28. 2024-06-05. https://web.archive.org/web/20240605150924/https://www.elibrary.imf.org/display/book/9781557753021/ch04.xml. live.
  8. Web site: Ministry of Privatisation - Privatisation Commission. March 28, 2023. November 28, 2024. March 28, 2023. https://web.archive.org/web/20230328081238/https://privatisation.gov.pk/Detail/NTU0ZjE1NGQtNmYzNC00NWZjLWIxZTEtYWMzMzliYzFhNzk4. bot: unknown.
  9. Web site: Rebuilding on ruins of nationalisation . Nasir . Jamal . November 11, 2013 . Dawn . November 28, 2024 . July 8, 2023 . https://web.archive.org/web/20230708104845/https://www.dawn.com/news/1055611 . live .
  10. Web site: D.G.Khan Cement: CORPORATE PROFILE. Dilawar. Hussain. October 4, 2002. DAWN.COM. July 16, 2019. July 16, 2019. https://web.archive.org/web/20190716171037/https://www.dawn.com/news/60005. live.
  11. Web site: MEED | PAKISTAN: IFC promotes hedging deals. 2024-11-28. 2024-05-09. https://web.archive.org/web/20240509062954/https://www.meed.com/pakistan-ifc-promotes-hedging-deals/. live.
  12. Web site: MEED | PAKISTAN: Danes win two cement jobs. 2024-11-28. 2024-06-02. https://web.archive.org/web/20240602211448/https://www.meed.com/pakistan-danes-win-two-cement-jobs/. live.
  13. Web site: New cement plant to be set up in Khairpur. July 2, 2004. DAWN.COM. November 28, 2024. April 5, 2024. https://web.archive.org/web/20240405035355/http://beta.dawn.com/news/363173/new-cement-plant-to-be-set-up-in-khairpur. live.
  14. Web site: Cementing growth – Prospects for Pakistan's cement industry. Marylou. Andrew. 17 February 2016. 23 November 2017. 19 November 2017. https://web.archive.org/web/20171119051212/http://aurora.dawn.com/news/1141379. live.
  15. Web site: South in DGKC's expansion plan . 2 March 2015 . 28 November 2024 . 4 February 2023 . https://web.archive.org/web/20230204072110/https://www.dawn.com/news/1166706/south-in-dgkcs-expansion-plan . live .
  16. Web site: Shareholding pattern . 2024-11-28 . 2024-04-05 . https://web.archive.org/web/20240405024839/https://financials.psx.com.pk/lib/DownloadPDF.php?id=216733 . live .

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