The Board of Directors of DG Khan Cement Company Limited (PSX: DGKC) has accorded its approval to management to explore the opportunity to establish a wholly-owned subsidiary of the company in Houston, Texas, United States of America (USA) under the proposed name of DG Cement USA LLC.
The company said the formation of the new subsidiary will be subject to all applicable regulatory approvals under the Laws of Pakistan and the USA.
The Company is principally engaged in the production and sale of Clinker, Ordinary Portland, and Sulphate Resistant Cement.
At the time of filing, DGKC’s scrip at the bourse was Rs. 89.5, down 0.21 percent or Rs. 0.19 with a turnover of 3.96 million shares on Friday.
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