DG Khan Cement plans expansion drive in country

With energy shortage being one of the biggest challenges besetting the industrial units in the country, DG Khan Cement has installed a waste heat recovery plant. PHOTO: FILE

LAHORE: DG Khan Cement Company is planning to expand its footprints in Pakistan and is also looking for a joint venture in Africa.

“The company’s strategy is to stabilise and enhance its profitability, yet not neglect the social responsibility aspects,” said DG Khan Cement Chief Financial Officer and Director Inyatullah Niazi.

He was speaking during a visit of the company’s senior management to the Lahore Stock Exchange to participate in a corporate briefing programme on Thursday. They explained and highlighted financial performance of the company to participants of the programme.

With energy shortage being one of the biggest challenges besetting the industrial units in the country, DG Khan Cement has installed a waste heat recovery plant and undertaken an alternative fuel project, resulting in savings for the company.

Speaking to the participants, Niazi said the company had started two projects under the names of Lahore Green and Multan Green. Through these projects, the company will procure waste from the local government body and process it for use as a replacement of imported coal. He expressed the hope that these projects would boost savings of the company.

LSE Manager Corporate Communications Maryam Baqir stated that the purpose of the corporate briefing was to provide an opportunity to the companies to update investors and brokers on their operational, financial and strategic positioning.

She believed that periodical communications through corporate briefing programmes would enable the companies to create a strong investor following, besides providing investors with an opportunity to gain first-hand knowledge from a company’s management.

“LSE considers it essential for the companies to participate in such programmes so that there is no information asymmetry regarding our listed companies,” she said.

These programmes are aimed at bridging the gap between listed companies and investors, enhance investor’s understanding of financial statements, a company’s short-term and long-term projects.

In this way, investors can better understand economic and financial affairs of a company, which might affect the share price and impact investments as well as investment decisions.