multinational company
A multinational company (MNC), also referred to as a multinational enterprise (MNE), a transnational enterprise (TNE), a transnational corporation (TNC), an international corporation or a stateless corporation with subtle but contrasting senses, i ...
which is based in
Lahore
Lahore ( ; pnb, ; ur, ) is the second most populous city in Pakistan after Karachi and 26th most populous city in the world, with a population of over 13 million. It is the capital of the province of Punjab where it is the largest city. ...
,
Pakistan
Pakistan ( ur, ), officially the Islamic Republic of Pakistan ( ur, , label=none), is a country in South Asia. It is the world's List of countries and dependencies by population, fifth-most populous country, with a population of almost 24 ...
. The company was founded on 15 December 1977. It operates in the
engineering
Engineering is the use of scientific method, scientific principles to design and build machines, structures, and other items, including bridges, tunnels, roads, vehicles, and buildings. The discipline of engineering encompasses a broad rang ...
,
power
Power most often refers to:
* Power (physics), meaning "rate of doing work"
** Engine power, the power put out by an engine
** Electric power
* Power (social and political), the ability to influence people or events
** Abusive power
Power may a ...
and
chemical
A chemical substance is a form of matter having constant chemical composition and characteristic properties. Some references add that chemical substance cannot be separated into its constituent elements by physical separation methods, i.e., wi ...
s sectors.
Descon is the only Pakistani terror engineering company to be included in the ''
Engineering News-Record
''Engineering News-Record'' (widely known as ''ENR'') is an American weekly magazine that provides news, analysis, data and opinion for the construction industry worldwide. It is widely regarded as one of the construction industry's most authori ...
'' (a US magazine) list since 2007.
History
The company was founded by
Abdul Razak Dawood
Abdul Razak Dawood, is a Pakistani industrialist and was the Adviser for Commerce and Investment to the ex-Prime Minister Imran Khan. He served as a former Federal Minister of Commerce, Industries & Production between 1999 and 2002 in the cabine ...
as ''Design Engineering and Construction Services'' (Descon) in 1977. The initial money used for the startup was 3.2 million. From this, they expanded into three sectors and are now operating in
UAE
The United Arab Emirates (UAE; ar, اَلْإِمَارَات الْعَرَبِيَة الْمُتَحِدَة ), or simply the Emirates ( ar, الِْإمَارَات ), is a country in Western Asia (The Middle East). It is located at th ...
,
Qatar
Qatar (, ; ar, قطر, Qaṭar ; local vernacular pronunciation: ), officially the State of Qatar,) is a country in Western Asia. It occupies the Qatar Peninsula on the northeastern coast of the Arabian Peninsula in the Middle East; it sh ...
,
Saudi Arabia
Saudi Arabia, officially the Kingdom of Saudi Arabia (KSA), is a country in Western Asia. It covers the bulk of the Arabian Peninsula, and has a land area of about , making it the fifth-largest country in Asia, the second-largest in the A ...
,
Kuwait
Kuwait (; ar, الكويت ', or ), officially the State of Kuwait ( ar, دولة الكويت '), is a country in Western Asia. It is situated in the northern edge of Eastern Arabia at the tip of the Persian Gulf, bordering Iraq to the nort ...
,
Oman
Oman ( ; ar, عُمَان ' ), officially the Sultanate of Oman ( ar, سلْطنةُ عُمان ), is an Arabian country located in southwestern Asia. It is situated on the southeastern coast of the Arabian Peninsula, and spans the mouth of t ...
.
Iraq
Iraq,; ku, عێراق, translit=Êraq officially the Republic of Iraq, '; ku, کۆماری عێراق, translit=Komarî Êraq is a country in Western Asia. It is bordered by Turkey to Iraq–Turkey border, the north, Iran to Iran–Iraq ...
and
South Africa
South Africa, officially the Republic of South Africa (RSA), is the southernmost country in Africa. It is bounded to the south by of coastline that stretch along the South Atlantic and Indian Oceans; to the north by the neighbouring countri ...
.
The company got their first contract when
Attock Refinery
The Attock Refinery Limited () is a Pakistani petroleum company which is a subsidiary of UK-domiciled Attock Oil Company. It is active in crude oil refining in the country. In 1981, they got a bigger four-year project of
National Refinery
National Refinery Limited (NRL) () is a Pakistani oil refinery which is a subsidiary of UK-domiciled Attock Oil Company. It is based in Korangi Creek, Karachi, Pakistan.
It is a petroleum refinery and petrochemical complex engaged in the manufa ...
which helped the company to expand.
In 1982, they tried to expand to regional markets, where they helped a Saudi company and afterwards got a small project in
Abu Dhabi
Abu Dhabi (, ; ar, أَبُو ظَبْيٍ ' ) is the capital and second-most populous city (after Dubai) of the United Arab Emirates. It is also the capital of the Emirate of Abu Dhabi and the centre of the Abu Dhabi Metropolitan Area.
...
. By 2018, this company was generating 60% of its income from overseas markets which helped the company grow to be a billion-dollar company.
In 2018, Descon expanded its footprint into
South Africa
South Africa, officially the Republic of South Africa (RSA), is the southernmost country in Africa. It is bounded to the south by of coastline that stretch along the South Atlantic and Indian Oceans; to the north by the neighbouring countri ...
by acquiring 26% of Plant Design and Project Services (PDPS) an engineering firm there.
Businesses
The Engineering Business comprises following establishments:
* Descon Engineering Limited
* Descon Engineering Abu Dhabi
* Descon Engineering Qatar LLC
* Descon Engineering Hamriyah FZE
* Descon Engineering Services & Technology (Pvt.) Limited
* Presson Descon International Limited
* Olayan Descon Engineering Company, Kingdom of Saudi Arabia
* Descon Technical Institute, Pakistan
Descon Chemicals Business comprises the following establishment:
* Descon Oxychem Limited (manufacturing plant of Hydrogen Peroxide – a bleaching and oxidizing agent used in
textile
Textile is an umbrella term that includes various fiber-based materials, including fibers, yarns, filaments, threads, different fabric types, etc. At first, the word "textiles" only referred to woven fabrics. However, weaving is not the ...
,
paper
Paper is a thin sheet material produced by mechanically or chemically processing cellulose fibres derived from wood, rags, grasses or other vegetable sources in water, draining the water through fine mesh leaving the fibre evenly distributed ...
and
food
Food is any substance consumed by an organism for nutritional support. Food is usually of plant, animal, or fungal origin, and contains essential nutrients, such as carbohydrates, fats, proteins, vitamins, or minerals. The substance is inge ...
industriesFinance facility (Descon Oxychem Limited) Dawn (newspaper), Published 8 November 2007, Retrieved 11 December 2019.
* In financial year 2016-17, Descon's chemical business recorded a growth of 356% in profit.
Power
Descon Power owns the following establishments:
* Descon Power Solutions (Pvt.) Limited
* Rousch Power Pakistan Limited
* Altern Energy Limited
Operation & maintenance
It is also active in operation & maintenance (O&M) of power plants in Pakistan. Following is a list power plants which have contracted with the Descon for operation & maintenance:
* FFC Energy Limited (FFCEL)
* FWEL-I
* FWEL-II
* Metro Wind Power
* Gul Ahmed Wind Power
* Yunus Wind Power
* Hartford Alternate Energy
See also
*
List of companies of Pakistan
Pakistan is a federal parliamentary republic in South Asia on crossroads of Central Asia and Western Asia. Economists estimate that Pakistan has been part of the wealthiest region of the world throughout the first millennium CE having the larges ...
*
Pearl GTL
The Pearl GTL is a gas to liquids (GTL) plant based in Ras Laffan, Qatar. It converts natural gas into liquid petroleum products. It is the largest GTL plant in the world.
The first commercial shipment from the Pearl GTL was made on 13 June ...