DG Cement
Cement manufacturer in Pakistan
From Wikipedia, the free encyclopedia
DG Cement is a Pakistani building materials company based in Lahore.[2] It is part of Nishat Group.
| Formerly | Dera Ghazi Khan Cement |
|---|---|
| Company type | Public |
| PSX: DGKC KSE 100 component KSE 30 component | |
| Industry | Cement |
| Founded | 1986 |
| Headquarters | Lahore, Pakistan |
Key people | Raza Mansha (CEO) Naz Mansha (chairperson) |
| Products |
|
| Revenue |  Rs. 70.495 billion (US$250 million) (2023) |
| Rs. 11.044 billion (US$40 million) (2023) | |
 Rs. -3.366 billion (US$−12 million) (2023) | |
| Total assets | Rs. 142.246 billion (US$510 million) (2023) |
| Total equity | Rs. 67.142 billion (US$240 million) (2023) |
| Owner | Nishat Mills (31.40%) Mian Umer Mansha (6.29%) Mian Hassan Mansha (6.19%) |
Number of employees | 1,881 (2023) |
| Parent | Nishat Group |
| Subsidiaries | Nishat Paper Products (55%) Nishat Dairy Limited (55.10%) |
| Website | dgcement |
| Footnotes / references Financials as of 30 June 2023[update][1] | |
DG Cement operates three plants located in Khairpur, Chakwal, Dera Ghazi Khan, and Hub, Balochistan.[3][4]
History
DG Cement was established in 1986 by state-owned company, State Cement Corporation of Pakistan in Dera Ghazi Khan.[5] The plant was supplied by Ube Industries of Japan.[5]
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.[6][7] 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.[8][9]
In 1994, DG Cement initiated a $170 million expansion project at its Dera Ghazi Khan plant in Punjab.[10] The project was financed in part by the International Finance Corporation (IFC), which approved a $10 million exposure for the facility in 1995.[10] The project contract was awarded to FLSmidth and was denominated in Danish kroner.[10][11]
In 2004, DG Cement commissioned 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
Subsidiaries
Nishat Paper Products
Nishat Paper Products was founded in June 2004 as a joint venture between DG Cement and Shuaiba Paper Products of Kuwait to produce paper sacks for cement.[15]
In June 2008, Shuaiba Paper divested its stake. The plant is located in Khairpur, Chakwal and has a capacity to produce 120 million bags annually.[15]
Nishat Dairy
Nishat Dairy Limited was founded in 2011 as a subsidiary of DG Cement. It operates a 165-acre dairy farm located in Sukheke Mandi.[16]
Investments
- Hyundai Nishat Motors (10%)[1]
- MCB Bank (8.63%)[1]
- Nishat Mills (8.61%)[1]
- Nishat Hotels and Properties Limited (8.55%)[1]
- Adamjee Insurance (7.97%)[1]
Shareholding pattern
| Shareholders | % of Shareholding |
|---|---|
| Nishat Mills Limited | 31.40 |
| Mian Umer Mansha | 6.29 |
| Mian Hassan Mansha | 6.19 |
| Last updated: December 2023[17] | |