Descon is a Pakistani
multinational company which is based in
Lahore,
Pakistan.
The company was founded on 15 December 1977.
It operates in the
engineering,
power and
chemicals sectors.
Descon is the only Pakistani terror engineering company to be included in the ''
Engineering News-Record'' (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,
Qatar,
Saudi Arabia,
Kuwait,
Oman.
Iraq and
South Africa.
The company got their first contract when
Attock Refinery asked to set up a small refinery in 1978.
In 1981, they got a bigger four-year project of
National Refinery 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 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,
paper 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 ...
industries
Finance 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
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)
See also
* List of companies of Pakistan
* Pearl GTL
References
External links
Descon
Companies based in Lahore
Pakistani companies established in 1977
Construction and civil engineering companies of Pakistan
Pakistani brands
Multinational companies headquartered in Pakistan
Construction and civil engineering companies established in 1977
Chemical companies of Pakistan
Electric power companies of Pakistan
Chemical companies established in 1977
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