Dawood Hercules Corporation Limited
 | |
| Public | |
| Traded as | KSE: DAWH |
| Industry |
Fertilizer Food Information Technology Chemicals Property Development Financial Services Power Generation |
| Founded | Basic Foundation: 1948, Holding Company incorporated 2011 as Dawood Hercules Corporation Limited |
| Founder | Ahmed Dawood |
| Headquarters | Karachi, Pakistan. |
Area served | Pakistan |
Key people |
Hussain Dawood Chairman Samad Dawood CEO |
| Parent | Dawood Group |
| Website | http://www.dawoodhercules.com |
Dawood Hercules Corporation Limited (DH Corp.) is a Pakistani investment holding company with diverse business interests ranging from IT and financial services to food, fertilizer, chemicals manufacturing and storage, property development and energy.
DH Corp. focuses on managing its investments including its subsidiary DH Fertilizers Limited, a 38% ownership of its associated company Engro Corporation Limited and a recent acquisition of stake in the Hub Power Company Limited.
Business interests
- DH Fertilizers Limited (wholly owned subsidiary)
- Dawood Lawrencepur Limited
- Tenaga Generasi Limited
- Pebbles Private Limited
- Inbox Business Technologies
- Elixir Securities Pakistan Private Limited
- Cyan Limited
Investments
- Engro Corporation Limited
- Hub Power Company Limited
Business timeline
1948
Ahmed Dawood starts Dawood Group, which would become the basis of many future businesses.
1952
Dawood Cotton Mills Limited set up in Karachi.
1954
Burewala Textile Mills Limited established in Punjab.
1954
Lawrencepur Woolen & Textile Mills became operational and produced yarn for hand knotted carpets, blankets for Armed Forces, tweed and worsted fabrics.
1960
The group establishes Central Insurance Company. The company operated in all major cities of Pakistan and transacted all conventional forms of insurance covers successfully.
1960
Lawrencepur Woolen & Textile Mills saw a revolutionary change as Dawood Group took over the mills. The new management took radical steps to expand and modernize the production facilities.
1961
Formed in 1961, The Dawood Foundation is today one of the largest private charitable trusts in the country. The foundation has contributed funds for establishing schools, colleges, hospitals, dispensaries and towards scholarships for students.
1967
Dilon Limited, Pakistan’s first Nylon Yarn Producer, was established in Karachi.
1968
Dawood Hercules Chemicals Limited was established as a joint venture between the Dawood Group and Hercules Chemicals Inc. of the USA. It was the first private sector venture in Pakistan to receive a loan by the World Bank.
1971
In East Pakistan Karnaphuli Paper Mills, Karnaphuli Rayon & Chemicals Limited, Dawood Jute Mills and Dawood Shipping Company were founded.
1971
Group investments in East Pakistan were lost with the creation of Bangladesh. The East Pakistan industrial undertakings constituted almost 60% of the Group’s activities.
1974
The business enterprise suffers further setbacks as the Government of Pakistan nationalizes a number of large Pakistani industrial undertakings; the Group lost its flagship company, Dawood Petroleum Ltd.
1984
New polyester plant was installed at Dilon unit with the daily capacity 4.5 ton of flat and textured filament yarn.
1996
Burewala Textile Mills became Pakistan’s first spinning and weaving mill to receive the prestigious ISO 9001 certification.
1998
Lawrencepur Woolen & Textile Mills obtained ISO 9001 certification in April, 1998.
2002
Hussain Dawood elected Chairman of Dawood Hercules Chemicals Limited.
2002
Elixir Securities, a full service brokerage firm, acquired.
2003
Dawood Hercules Chemicals Limited acquires 61 million shares (10%) in Sui Northern Gas Pipelines Limited.[1]
2004
Amalgamation of all textile companies of the Dawood Group into a single entity named Dawood Lawrencepur Limited.
2004
The Group acquires a majority stake in Inbox Business Technologies Pvt. Ltd. - Pakistan's leading computer brand.
2006
Hussain Dawood assumes Chairmanship of Engro Chemical Pakistan Ltd on 25 April 2006.
2010
In June 2010, Dawood Hercules Chemicals Limited announces the demerger of its fertilizer business.
2010
The fertilizer business is transferred to a wholly owned and newly incorporated subsidiary - DH Fertilizers Ltd.
2011
Dawood Hercules Chemicals Limited becomes Dawood Hercules Corporation Limited (DH Corp.), a holding company which focuses on exploring investment opportunities.[2]
2011
Central Insurance renamed as Cyan Limited, becomes an equity investment company.
2012
DH Corp. and its affiliates collectively acquire 16.42% stake comprising 190mn shares in Hub Power Company Limited (HUBCO).[3]
Board of directors
- Hussain Dawood, Chairman
- Samad Dawood, Chief Executive Officer
- Javed Akbar, Director
- M. Abdul Aleem, Director
- Shahzada Dawood, Director
- Sabrina Dawood, Director
- Parvez Ghias, Director
- Shahid Pracha, Director
- Hasan Reza Ur Rahim, Director
- Saad Raja, Director
- Shafiq Ahmed, CFO & Company Secretary
References
- ↑ Dawood Hercules gets 61m shares of SNGPL http://archives.dawn.com/2003/06/12/ebr2.htm
- ↑ Dawood Hercules Chemicals Ltd. Announces Demerger; Plans Name Change http://www.reuters.com/finance/stocks/DAWH.KA/key-developments/article/2372634
- ↑ Hub Power Company is sold http://dawn.com/2012/06/12/hub-power-company-is-sold/
External links
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