- Source: Engro Fertilizers
Engro Fertilizers (Urdu: اینگرو فرٹیلائزرز) is a Pakistani fertiliser manufacturing company headquartered in Karachi with its manufacturing facility located at Daharki, and a facility located at Port Qasim as well. It is a subsidiary of Engro Corporation. It has 35% market share of the Pakistani fertilizer market as of 2023.
History
Engro Fertilizers was demerged from the parent company Engro Corporation in 2010.
In June 2011, Engro commissioned the EnVen plant at a cost of $1.1 billion. It was built under the 2001 Fertilizer Policy of Pakistan in which the Government of Pakistan guaranteed gas supply at a reduced rate for ten years. The contract was signed with Sui Northern Gas Pipelines Limited, which defaulted on their contract and in 2013 Engro claimed Rs. 34 billion in damages.
In December 2013, Engro was listed on the Karachi Stock Exchange, following an initial public offering at a strike price of Rs. 28.25.
In February 2015, Engro Fertilizers acquired Engro Eximp Private Limited from Engro Corporation. Engro Eximp imports diammonium phosphate (DAP) fertilizer in Pakistan.
In June 2016, Engro Corporation sold 28 percent of its stake in Engro Fertilizers to private investors for $185 million.
Production
= Pakven 600
=Pakven 600 was commissioned in September 1993, which increased Engro's urea production capacity from 268,000 tons to 600,000 tons per annum. It was an imported second-hand plant which was installed at a cost of $130 million. In July 1995, Engro further increased its capacity by 150,000 tons per annum at a cost of $23 million.
The plant has outlived its useful life. In 2021, Engro increased its capacity from 500,000 tons to 780,000 tons per annum and a year later further expanded it to 950,000 tons per annum.
= EnVen
=The EnVen plant is located in Daharki. The construction of the plant began in 2007. It was commissioned in 2011 at a cost of $1.1 billion. It was built under the provisions of the 2001 fertilizer policy in which the Government of Pakistan gave a guarantee of subsidized gas for a period of ten years. The plant has a designed annual production capacity of 1.3 million tons of urea fertilizer. In 2023, Engro Fertilizers reported a record urea production of 2.3 million tonnes, a 18.3% increase over previous year's production. In June 2024, Engro completed the largest turnaround of the EnVen plant over a period of 2 months, with investment of around $50 million and a manpower of more than 6000 people.
= NPK Plant
=Zarkhez NPK plant is located at Port Bin Qasim, Karachi. It was commissioned in 2000 and had an annual production capacity of 100,000 metric tons. The plant has since been debottlenecked and production capacity increased to 145,000 metric tons.
References
External links
Official website
Kata Kunci Pencarian:
- Engro Fertilizers
- Engro
- FrieslandCampina Engro Pakistan
- Engro Polymer
- Thar Engro Coal Power Project
- KSE 100 Index
- Engro Foundation
- Economy of Pakistan
- Avanceon
- Sindh Engro Coal Mining Company
