DG Cement

DG Cement is a Pakistani building materials company based in Lahore.[2] It is part of Nishat Group.

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. 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

• Hub[14]
• Khairpur, Chakwal[14]
• DG Khan[14]

Subsidiaries

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