Type Public Area served Pakistan Founded 1948 Parent organization Dawood Group | Traded as PSX: DAWH Founder Ahmed Dawood Headquarters Karachi | |
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Industry Fertilizer
Food
Power Generation
Investment Management Key people Hussain Dawood
Chairman
Inam ur Rahman
CEO Website | ||
Dawood Hercules Corporation Limited (DH Corp.) is a Pakistani investment holding company with diversified holdings in Energy and Foods.
Contents
- Business interests
- Former Business Interests
- Investments
- 1948
- 1952
- 1954
- 1960
- 1961
- 1967
- 1968
- 1971
- 1974
- 1984
- 1996
- 1998
- 2002
- 2003
- 2004
- 2006
- 2010
- 2011
- 2012
- 2015
- Board of directors
- References
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
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.
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.
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).
2015
DH Corp. sells 100% shares of DH Fertilizers Limited (DHFL)