Reon Energy partnered with DG Khan Cement Company Limited to install a 6.95 MW Solar Power Plant.
The signing ceremony for the project was held at DG Cement’s office in Lahore on June 9, 2022.
In addition to that For the first time in Pakistan’s history, DG Khan Cement Company (DGKC) Limited, one of the country’s largest cement manufacturers, will export cement to the United States, reported Bloomberg.
The cement maker is in the process to ship 50,000 tons of the building material to the US, the Chief Financial Officer (CFO) of DGKC, Inayat Ullah Niazi, told Bloomberg. A US-bound ship is currently loading cement at a Karachi port for delivery to Houston.
Cement sales to the US will massively add to Pakistan’s export receipts during a time when the country desperately explores more avenues for business. It is noteworthy that as of May 2022, cement sales contracted 15.85 percent to 3.32 million tons compared to sales of 3.94 million tons in the corresponding period last year.