DGKC revives its plan to expand cement capacity

January 22, 2021 (MLN): D.G. Khan Cement Company (DGKC), owned by Pakistan Tycoon Mian Mohammad Mansha, has revived a plan to expand its capacity to tap growth as the nation recovers from the Covid-19 pandemic.

According to Bloomberg, the cement maker, is considering increasing its daily output by 8,000 to 12,000 metric tons.

The people familiar with the matter told Bloomberg that the final decision is expected by the end of next month.

Speaking to Mettis Global News on the above development, Mr. Inayat Ullah Niaz, Chief Financial Officer of DGKC said, “ we are currently working on it and the corporate approval has been obtained, however, the size of the increase in capacity is yet to be decided.”

The company had first decided to expand its capacity by 12,000 tons a day in Nov’19 and was awaiting approval.

To highlight, the provincial government of Punjab last month approved new plants. The approvals have been granted to D.G. Khan Cement, Dandot Cement Co., Global Cement, and Cane Cement told Abdul Karim, an economic adviser at Punjab’s Industries, Commerce, and Investment Department to Bloomberg. There are more applications for cement plants under process with the provincial government, he added.

Copyright Mettis Link News

Posted on: 2021-01-22T19:18:00+05:00

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