Descon

Descon is a Pakistani multinational company[2] which is based in Lahore, Pakistan.[3] The company was founded on 15 December 1977.[2] It operates in the engineering, power and chemicals sectors.[2]

Descon Engineering
TypePrivate
IndustryEngineering
Founded1977 (1977)
FounderAbdul Razak Dawood
HeadquartersLahore, Pakistan
Area served
Worldwide
Key people
Taimur Dawood (chairman)
Waseem Qazi
Adnan Bakhtiar
ServicesEngineering
Procurement
Construction
Revenue Approx. US$ 1 Billion[1]
Number of employees
15,000[2]
Websitedescon.com

Descon is the only Pakistani 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 as Design Engineering and Construction Services (Descon) in 1977. The initial money used for the startup was ₨ 3.2 million.[3] From this, they expanded into three sectors and are now operating in UAE, Qatar, Saudi Arabia, Kuwait, Oman. Iraq and South Africa.[3]

The company got their first contract when Attock Refinery asked to set up a small refinery in 1978.[3] In 1981, they got a bigger four-year project of National Refinery which helped the company to expand.[3]

In 1982, they tried to expand to regional markets, where they helped a Saudi company and afterwards got a small project in Abu Dhabi. By 2018, this company was generating 60% of its income from overseas markets which helped the company grow to be a billion-dollar company.[3][1]

In 2018, Descon expanded its footprint into South Africa by acquiring an engineering firm there.[1][2]

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 industries[4]
  • In financial year 2016-17, Descon's chemical business recorded a growth of 356% in profit.[3]

Power

Descon Power owns the following establishments:

  • Descon Power Solutions (Pvt.) Limited[2]
  • 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)[5]
  • FWEL-I[5]
  • FWEL-II[5]
  • Metro Wind Power[5]
  • Gul Ahmed Wind Power[5]
  • Yunus Wind Power[5]
  • Hartford Alternate Energy[5]

See also

References
  1. Nasir Jamal (8 January 2018). "Descon head wants level playing field under CPEC (China-Pakistan Economic Corridor)". Dawn (newspaper). Retrieved 11 December 2019.
  2. "Descon kicks off 40th anniversary celebrations". The News International (newspaper). 15 November 2017. Retrieved 11 December 2019.
  3. Shahram Haq (25 December 2017). "Descon plans to venture into South Africa market – The Express Tribune". Retrieved 11 December 2019.
  4. Finance facility (Descon Oxychem Limited) Dawn (newspaper), Published 8 November 2007, Retrieved 11 December 2019.
  5. "FFC Energy Limited extends contract with Descon Power Solutions". Daily Times. 12 July 2018.
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