Dawood Hercules Corporation Limited

Dawood Hercules Corporation Limited
Public
Traded as PSX: DAWH
Industry Fertilizer
Food
Power Generation
Investment Management
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
Inam ur Rahman
CEO
Parent Dawood Group
Website http://www.dawoodhercules.com

Dawood Hercules Corporation Limited (DH Corp.) is a Pakistani investment holding company with diversified holdings in Energy and Foods.

Company investments include a 37% ownership of associated company Engro Corporation Limited and a 14% stake in The Hub Power Company Limited.

Business interests

Former Business Interests

Investments

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 United States. 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.[2]

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.[3]

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).[4]

2015

DH Corp. sells 100% shares of DH Fertilizers Limited (DHFL)[5]

Board of directors

References

  1. ↑ http://www.dawn.com/news/1188445
  2. ↑ Dawood Hercules gets 61m shares of SNGPL http://archives.dawn.com/2003/06/12/ebr2.htm
  3. ↑ Dawood Hercules Chemicals Ltd. Announces Demerger; Plans Name Change https://www.reuters.com/finance/stocks/DAWH.KA/key-developments/article/2372634
  4. ↑ Hub Power Company is sold http://dawn.com/2012/06/12/hub-power-company-is-sold/
  5. ↑ http://www.dawn.com/news/1188445
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