Fauji Fertilizer Company Limited
Encyclopedia
Fauji Fertilizer Company Limited (FFC) is the largest chemical fertilizer producer of Pakistan
with biggest market share in the country.
and Haldor Topsoe
. The first urea
complex was commissioned in 1982. Plant-1 was improved in 1992, and a second plant was built in 1993. In the year 2002, FFC acquired ex Pak Saudi Fertilizers Limited (PSFL) Urea Plant situated at Mirpur Mathelo
, District Ghotki from National Fertilizer Corporation (NFC) through a privatisation process of the Government of Pakistan
. This acquisition at Rs. 8,151 million represents one of the largest industrial sector transactions in Pakistan. FFC now has three plants with a combined capacity of 5770 MTPD of prilled urea.
Fauji Fertilizer Bin Qasim Limited, Karachi, Pakistan (FFBL) is another company where FFC has controlling shares – it produces 1670 MTPD of granular urea plus 2250 MTPD DAP after revamping (1350 MTPD before revamp) DAP. Ammonia
and urea plants capacity factors right from the plants start-up have been 100% or more. Today, FFC is also involved manpower training and turnaround services provider, especially within Pakistan and in the Middle East.
Karachi Stock Exchange
The company was listed on the Karachi Stock Exchange
in 1991. Based on the exemplary dividends to the shareholders and other criteria of Karachi Stock Exchange, FFC has consistently remained in the list of top 25 best performing companies of Pakistan consecutively for 14 years since 1994.
As a result of excellent performance over the years, the company's ranking in the Karachi Stock Exchange list of 25 companies improved from fifth position in 1995 to second in 1996, it was awarded the first position in 1997 and again second prize in 1998. As of 2007, the company is at the 5th position.
, ICMAP, SAFA. The company also held first position in the overall category of Best Presented Accounts for the years 2002-2007
Realizing the emerging needs of safe working conditions, FFC also obtained the certification of
Occupational Health & Safety Assessment Series, OHSAS- 18001:1999 in December 2003. The company achieved the ever-highest milestone of 23 million man-hours of safe operation without loss time
injury in June 2004, which is highly reflective of our safe practices. A number of safety review committees have been formed to review the changes and modifications in process design as well as equipment specifications and plant layout before implementation.
Pakistan
Pakistan , officially the Islamic Republic of Pakistan is a sovereign state in South Asia. It has a coastline along the Arabian Sea and the Gulf of Oman in the south and is bordered by Afghanistan and Iran in the west, India in the east and China in the far northeast. In the north, Tajikistan...
with biggest market share in the country.
History
FFC was established in 1978 as a joint venture of Fauji FoundationFauji Foundation
The Fauji Foundation , is one of the largest conglomerates in Pakistan, with interests in fertilizer, cement, food, power generation, gas exploration, LPG marketing and distribution, financial services, employment services, and security services...
and Haldor Topsoe
Haldor Topsoe
Haldor Topsøe is a Danish catalyst company. The company was founded in 1940 by Dr. Haldor Topsøe. The company also develops process technology for petroleum refining, ammonia production, methanol production, and other industries....
. The first urea
Urea
Urea or carbamide is an organic compound with the chemical formula CO2. The molecule has two —NH2 groups joined by a carbonyl functional group....
complex was commissioned in 1982. Plant-1 was improved in 1992, and a second plant was built in 1993. In the year 2002, FFC acquired ex Pak Saudi Fertilizers Limited (PSFL) Urea Plant situated at Mirpur Mathelo
Mirpur Mathelo
Mirpur Mathelo is a town in Ghotki District, Sindh province, Pakistan. The city is the capital of Mirpur Mathelo Taluka and is administratively subdivided into two union councils....
, District Ghotki from National Fertilizer Corporation (NFC) through a privatisation process of the Government of Pakistan
Government of Pakistan
The Government of Pakistan is a federal parliamentary system, with an indirectly-elected President as the Head of State and Commander in Chief of the Pakistani Armed Forces, and an indirectly-elected Prime Minister as the Head of Government. The President’s appointment and term are...
. This acquisition at Rs. 8,151 million represents one of the largest industrial sector transactions in Pakistan. FFC now has three plants with a combined capacity of 5770 MTPD of prilled urea.
Fauji Fertilizer Bin Qasim Limited, Karachi, Pakistan (FFBL) is another company where FFC has controlling shares – it produces 1670 MTPD of granular urea plus 2250 MTPD DAP after revamping (1350 MTPD before revamp) DAP. Ammonia
Ammonia
Ammonia is a compound of nitrogen and hydrogen with the formula . It is a colourless gas with a characteristic pungent odour. Ammonia contributes significantly to the nutritional needs of terrestrial organisms by serving as a precursor to food and fertilizers. Ammonia, either directly or...
and urea plants capacity factors right from the plants start-up have been 100% or more. Today, FFC is also involved manpower training and turnaround services provider, especially within Pakistan and in the Middle East.
Karachi Stock ExchangeKarachi Stock ExchangeThe Karachi Stock Exchange or KSE is a stock exchange located in Karachi, Sindh, Pakistan. It is Pakistan's largest and oldest stock exchange, with many Pakistani as well as overseas listings. Currently located in Stock Exchange Building on Stock Exchange Road, in the heart of Karachi's Business...
top 25 companies awards
The company was listed on the Karachi Stock ExchangeKarachi Stock Exchange
The Karachi Stock Exchange or KSE is a stock exchange located in Karachi, Sindh, Pakistan. It is Pakistan's largest and oldest stock exchange, with many Pakistani as well as overseas listings. Currently located in Stock Exchange Building on Stock Exchange Road, in the heart of Karachi's Business...
in 1991. Based on the exemplary dividends to the shareholders and other criteria of Karachi Stock Exchange, FFC has consistently remained in the list of top 25 best performing companies of Pakistan consecutively for 14 years since 1994.
As a result of excellent performance over the years, the company's ranking in the Karachi Stock Exchange list of 25 companies improved from fifth position in 1995 to second in 1996, it was awarded the first position in 1997 and again second prize in 1998. As of 2007, the company is at the 5th position.
Accounts awards
The company has also won numerous "Best presented accounts awards" from different national and international organizations including Institute of Chartered Accountants of PakistanInstitute of Chartered Accountants of Pakistan
The Institute of Chartered Accountants of Pakistan is a professional accountancy body in Pakistan. , it had 5,078 members working in and outside Pakistan. The institute was established on July 1, 1961 to regulate the profession of accountancy in Pakistan. It is a statutory autonomous body...
, ICMAP, SAFA. The company also held first position in the overall category of Best Presented Accounts for the years 2002-2007
Realizing the emerging needs of safe working conditions, FFC also obtained the certification of
Occupational Health & Safety Assessment Series, OHSAS- 18001:1999 in December 2003. The company achieved the ever-highest milestone of 23 million man-hours of safe operation without loss time
injury in June 2004, which is highly reflective of our safe practices. A number of safety review committees have been formed to review the changes and modifications in process design as well as equipment specifications and plant layout before implementation.