DG Cement
{{Short description|Cement manufacturer in Pakistan}}
{{Infobox company
| name = DG Cement
| logo =
| former_name = Dera Ghazi Khan Cement
| type = Public
| traded_as = {{karse|DGKC}}
KSE 100 component
KSE 30 component
| foundation = {{start date and age|1986}}
| location = Lahore, Pakistan
| key_people = Raza Mansha (CEO)
Naz Mansha (chairperson)
| industry = Cement
| products = {{ubl|DG Cement|Elephant Cement|Hathi Cement|Block Cement}}
| revenue = {{Increase}} {{PKRConvert|70.495|b}}
| revenue_year = 2023
| operating_income = {{Increase}} {{PKRConvert|11.044|b}}
| income_year = 2023
| net_income = {{decrease}} {{PKRConvert|-3.366|b}}
| net_income_year = 2023
| assets = {{increase}} {{PKRConvert|142.246|b}}
| assets_year = 2023
| equity = {{decrease}} {{PKRConvert|67.142|b}}
| equity_year = 2023
| num_employees = 1,881
| num_employees_year = 2023
| subsid = Nishat Paper Products (55%)
Nishat Dairy Limited (55.10%)
| owner = Nishat Mills (31.40%)
Mian Umer Mansha (6.29%)
Mian Hassan Mansha (6.19%)
| parent = Nishat Group
| footnotes = Financials {{as of|2023|6|30|lc=y}}{{cite web|title=DG Cement Annual Report 2023|url=https://financials.psx.com.pk/lib/DownloadPDF.php?id=216733|access-date=24 May 2024|archive-date=5 April 2024|archive-url=https://web.archive.org/web/20240405024839/https://financials.psx.com.pk/lib/DownloadPDF.php?id=216733|url-status=live}}
| website = {{url|dgcement.com}}
}}
DG Cement is a Pakistani building materials company based in Lahore.{{cite web|url=https://tribune.com.pk/story/1388404/dg-khan-cement-rakes-rs2-06-billion-profit/|title=DG Khan Cement rakes in Rs2.06 billion profit |date=20 April 2017 |website=The Express Tribune}} It is part of Nishat Group.
DG Cement operates three plants located in Khairpur, Chakwal, Dera Ghazi Khan, and Hub, Balochistan.{{Cite web|url=https://www.bloomberg.com/news/articles/2012-04-18/pakistan-s-d-g-khan-swings-to-profit-on-higher-cement-prices |title=Pakistan's D.G. Khan Swings to Profit on Higher Cement Prices |first=Farhan |last=Sharif |date=April 18, 2012|website=Bloomberg}}{{cite web|url=https://tribune.com.pk/story/1460333/dg-khan-cements-hub-plant-come-online-december-year/|title=DG Khan Cement's Hub plant to come online by December this year|website=The Express Tribune |date=18 July 2017|access-date=22 November 2017|archive-date=1 December 2017|archive-url=https://web.archive.org/web/20171201040717/https://tribune.com.pk/story/1460333/dg-khan-cements-hub-plant-come-online-december-year/|url-status=live}}
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.{{Cite web|url=https://fp.brecorder.com/2005/06/20050616282085/|title=DG Khan Cement Company Limited – brief history|date=June 16, 2005|access-date=July 16, 2019|archive-date=July 16, 2019|archive-url=https://web.archive.org/web/20190716165744/https://fp.brecorder.com/2005/06/20050616282085/|url-status=live}}
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.{{Cite book|url=https://www.elibrary.imf.org/display/book/9781557753021/ch04.xml|title=Structural Adjustment and Macroeconomic Policy Issues|first=V. A.|last=Jafarey|publisher=International Monetary Fund|via=www.elibrary.imf.org|access-date=2024-11-28|archive-date=2024-06-05|archive-url=https://web.archive.org/web/20240605150924/https://www.elibrary.imf.org/display/book/9781557753021/ch04.xml|url-status=live}}{{Cite web|url=https://privatisation.gov.pk/Detail/NTU0ZjE1NGQtNmYzNC00NWZjLWIxZTEtYWMzMzliYzFhNzk4|title=Ministry of Privatisation - Privatisation Commission|date=March 28, 2023|access-date=November 28, 2024|archive-date=March 28, 2023|archive-url=https://web.archive.org/web/20230328081238/https://privatisation.gov.pk/Detail/NTU0ZjE1NGQtNmYzNC00NWZjLWIxZTEtYWMzMzliYzFhNzk4|url-status=bot: unknown}} 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.{{Cite web |url=https://www.dawn.com/news/1055611 |title=Rebuilding on ruins of nationalisation |first=Nasir |last=Jamal |date=November 11, 2013 |website=Dawn |access-date=November 28, 2024 |archive-date=July 8, 2023 |archive-url=https://web.archive.org/web/20230708104845/https://www.dawn.com/news/1055611 |url-status=live }}{{Cite web|url=http://www.dawn.com/news/60005|title=D.G.Khan Cement: CORPORATE PROFILE|first=Dilawar|last=Hussain|date=October 4, 2002|website=DAWN.COM|access-date=July 16, 2019|archive-date=July 16, 2019|archive-url=https://web.archive.org/web/20190716171037/https://www.dawn.com/news/60005|url-status=live}}
In 1994, DG Cement initiated a $170 million expansion project at its Dera Ghazi Khan plant in Punjab.{{Cite web|url=https://www.meed.com/pakistan-ifc-promotes-hedging-deals/|title=MEED | PAKISTAN: IFC promotes hedging deals|access-date=2024-11-28|archive-date=2024-05-09|archive-url=https://web.archive.org/web/20240509062954/https://www.meed.com/pakistan-ifc-promotes-hedging-deals/|url-status=live}} 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.{{Cite web|url=https://www.meed.com/pakistan-danes-win-two-cement-jobs/|title=MEED | PAKISTAN: Danes win two cement jobs|access-date=2024-11-28|archive-date=2024-06-02|archive-url=https://web.archive.org/web/20240602211448/https://www.meed.com/pakistan-danes-win-two-cement-jobs/|url-status=live}}
In 2004, DG Cement commissioned its second plant in Khairpur, Chakwal at a cost of PKR 9 billion.{{Cite web|url=http://beta.dawn.com/news/363173/new-cement-plant-to-be-set-up-in-khairpur|title=New cement plant to be set up in Khairpur|date=July 2, 2004|website=DAWN.COM|access-date=November 28, 2024|archive-date=April 5, 2024|archive-url=https://web.archive.org/web/20240405035355/http://beta.dawn.com/news/363173/new-cement-plant-to-be-set-up-in-khairpur|url-status=live}}
In 2015, DG Khan setup its third and one of the largest plant of Pakistan in Hub, Balochistan.{{cite web|url=http://aurora.dawn.com/news/1141379|title=Cementing growth – Prospects for Pakistan's cement industry|first=Marylou|last=Andrew|date=17 February 2016|access-date=23 November 2017|archive-date=19 November 2017|archive-url=https://web.archive.org/web/20171119051212/http://aurora.dawn.com/news/1141379|url-status=live}}
Plants
- Hub{{cite web | url=https://www.dawn.com/news/1166706/south-in-dgkcs-expansion-plan | title=South in DGKC's expansion plan | date=2 March 2015 | access-date=28 November 2024 | archive-date=4 February 2023 | archive-url=https://web.archive.org/web/20230204072110/https://www.dawn.com/news/1166706/south-in-dgkcs-expansion-plan | url-status=live }}
- Khairpur, Chakwal
- DG Khan
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.{{Cite web|url=https://www.pacra.com/summary_report/RR_2048_12707_16-Feb-24.pdf |title=Nishat Paper Products Company Limited}}
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.
= 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.{{Cite web |url=https://www.thenews.com.pk/print/453901-nishat-dairy-all-set-to-give-milk-processing-giants-a-run-for-their-money |title=Nishat Dairy all set to give milk processing giants a run for their money |first=Munawar |last=Hasan |date=April 6, 2019 |website=The News International}}
Investments
- Hyundai Nishat Motors (10%)
- MCB Bank (8.63%)
- Nishat Mills (8.61%)
- Nishat Hotels and Properties Limited (8.55%)
- Adamjee Insurance (7.97%)
Shareholding pattern
| class="wikitable"
! Shareholders ! % of Shareholding | |
| Nishat Mills Limited | 31.40 |
| Mian Umer Mansha | 6.29 |
| Mian Hassan Mansha | 6.19 |
| colspan="2" bgcolor="gray" | Last updated: December 2023{{Cite web |url=https://financials.psx.com.pk/lib/DownloadPDF.php?id=216733 |title=Shareholding pattern |access-date=2024-11-28 |archive-date=2024-04-05 |archive-url=https://web.archive.org/web/20240405024839/https://financials.psx.com.pk/lib/DownloadPDF.php?id=216733 |url-status=live }} |
|---|
References
{{reflist}}
{{KSE 100}}
{{KSE 30}}
{{Nishat Group}}
Category:Cement companies of Pakistan
Category:Manufacturing companies established in 1986
Category:Companies established in 1986
Category:Manufacturing companies based in Lahore
Category:1992 mergers and acquisitions
Category:Companies listed on the Pakistan Stock Exchange
Category:Companies in the KSE 100 Index