DGKC revives its plan to expand cement capacity

KARACHI: 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, 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.” - APP