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Maple Leaf Cement was founded in 1956 by the West Pakistan Industrial Development Corporation in a collaboration with the Government of Canada. [7] [8] The initial production capacity was 120,000 tons per annum (tpa) of ordinary Portland cement, which increased by an additional 180,000 tpa in 1960.
In 1992, DG Cement was acquired for PKR 1,799 million ($73.5 million) by Saigol Group under the privatization scheme of the Government of Pakistan. [7] [8] Later, it was transferred to Nishat Group in a swap scheme in which Nishat Group acquired DG Cement and Saigol Group acquired Maple Leaf Cement from Nishat Group. [9] [10]
Tariq Saigol, the eldest brother, is head of Kohinoor-Maple group, which owns the Kohinoor textile mills and Maple-Leaf Cement. [5] He is known to be openly critical of the Pakistani government's lack of interest in the textile sector. Nasim Saigol heads PEL and Kohinoor industries. [6]
Pakistan Chemical and Energy Sector Skills Development Company (PCESSDC) was incorporated as a non-profit public-private partnership in 2009. The purpose of the company is to promote, facilitate and provide education and training to a young and growing rural population in various disciplines of the chemical and energy sector in Pakistan. [17]
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