| Formerly | Dera Ghazi Khan Cement |
|---|---|
| Company type | Public |
| PSX: DGKC | |
| Industry | Cement |
| Founded | 1986; 38 years ago (1986) |
| Headquarters | Lahore, Pakistan |
Key people | Raza Mansha (CEO) Naz Mansha (chairperson) |
| Products |
|
| Revenue |  Rs. 70.495 billion (US$240 million) (2023) |
| Rs. 11.044 billion (US$38 million) (2023) | |
 Rs. -3.366 billion (US$−12 million) (2023) | |
| Total assets | Rs. 142.246 billion (US$490 million) (2023) |
| Total equity | Rs. 67.142 billion (US$230 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%) Hyundai Nishat Motors (10%) MCB Bank (8.63%) Nishat Mills (8.61%) Nishat Hotels and Properties Limited (8.55%) Adamjee Insurance (7.97%) |
| Website | dgcement |
| Footnotes / references Financials As of 30 June 2023[update] [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.[6] 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 |
|---|---|
| Nishat Mills Limited | 31.40 |
| Mian Umer Mansha | 6.29 |
| Mian Hassan Mansha | 6.19 |
| Last updated: December 2023[17] | |
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