Dawood Hercules Corporation Limited
 |
|
| Public | |
| Traded as | : 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 |
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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.
Ahmed Dawood starts Dawood Group, which would become the basis of many future businesses.
Dawood Cotton Mills Limited set up in Karachi.
Burewala Textile Mills Limited established in Punjab.
Lawrencepur Woolen & Textile Mills became operational and produced yarn for hand knotted carpets, blankets for Armed Forces, tweed and worsted fabrics.
The group establishes Central Insurance Company. The company operated in all major cities of Pakistan and transacted all conventional forms of insurance covers successfully.
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.
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.
Dilon Limited, Pakistan’s first Nylon Yarn Producer, was established in Karachi.
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.
In East Pakistan Karnaphuli Paper Mills, Karnaphuli Rayon & Chemicals Limited, Dawood Jute Mills and Dawood Shipping Company were founded.
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.
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.
New polyester plant was installed at Dilon unit with the daily capacity 4.5 ton of flat and textured filament yarn.
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Wikipedia