FrieslandCampina Engro Pakistan
| FrieslandCampina Engro's headquarters, located in the Harbour Front Building (left tower) of Dolmen City. | |
| Formerly | Engro Foods (2005–2019) |
|---|---|
| Company type | Public |
| PSX: FCEPL KSE 100 component | |
| Industry | Dairy |
| Founded | 2005; 20 years ago (2005) |
| Headquarters | Karachi-75600, Pakistan |
Key people | Abdul Samad Dawood (chairman) Kashan Hasan (CEO) |
| Products | Dairy Omung, Olpher's, Omoré, Tarang |
| Revenue | Increase Rs. 100.23 billion (US350ドル million) (2023) |
| Increase Rs. 6.117 billion (US21ドル million) (2023) | |
| Decrease Rs. 1.509 billion (US5ドル.2 million) (2023) | |
| Total assets | Increase Rs. 41.886 billion (US150ドル million) (2023) |
| Total equity | Increase Rs. 14.176 billion (US49ドル million) (2023) |
| Owner | FrieslandCampina (51%) Engro Corporation (40%) |
Number of employees | 1310 (2023) |
| Parent | Engro Corporation FrieslandCampina |
| Website | frieslandcampina |
| Footnotes / references Financials as of 31 December 2023[update] [1] | |
FrieslandCampina Engro Pakistan Limited (FCEPL) is a Pakistani dairy products company which is a subsidiary of Dutch multinational cooperative FrieslandCampina. It is based in Karachi, Pakistan.
FrieslandCampina Engro Pakistan produces products such as dairy, ice cream, and frozen desserts.[2] The company also operates a dairy farm.[2]
History
[edit ]FrieslandCampina Engro Pakistan was founded as a subsidiary of Engro Chemicals Pakistan Limited in 2005.[3] Its plant became operational in 2006.[4]
In 2011, Engro Foods was listed on the Karachi Stock Exchange, following an initial public offering at a strike price of PKR 25.[5] By 2012, it had a market capitalization greator than its parent company, Engro Corporation.[6]
In 2016, Dutch dairy co-operative, Friesland Campina, acquired 51 percent stake in the company for US450ドル million.[7] At that time, it was still struggling to fully reach consumers due to its weak supply chain.[8] [9]
In July 2019, the company changed its name to FrieslandCampina Engro Pakistan.[10]
Brands
[edit ]- Olper's[3] [9]
- Olper's Lite[9]
- Omoré (frozen dessert)[3] [9]
- Dairy Omung[9]
- Omung Lassi[3]
- Tarang[11] [3]
Plants
[edit ]The company operates two processing plants in the following cities of Pakistan:
References
[edit ]- ^ "FrieslandCampina Engro Pakistan Annual Report 2023" . Retrieved 18 May 2024.
- ^ a b Hussain, Dilawar (14 December 2015). "Striving to beat competition in packaged milk industry". DAWN.COM.
- ^ a b c d e "Engro Foods Limited (a profile)". Business Recorder. 6 October 2015. Retrieved 18 June 2021.
- ^ Sharif, Farhan; Anis, Khurrum (3 June 2010). "Pakistan's Engro Foods Plans to Expand Overseas, Raise Exports". Bloomberg.
- ^ "Engro offers 27 million shares for sale". Brecorder. 28 June 2011.
- ^ "IPO anniversary: A year on, Engro Foods wins over the sceptics". The Express Tribune. 13 August 2012.
- ^ "Dutch firm buys Engro Foods for 450ドルm". Dawn. 5 July 2016. Retrieved 18 June 2021.
- ^ "Restructuring and regrouping: Engro Foods addresses supply chain weakness". The Express Tribune. 4 August 2013. Retrieved 18 June 2021.
- ^ a b c d e FRIESLANDCAMPINA ENGRO PAKISTAN LIMITED (FCEPL) - stock quote and company business summary on MarketScreener.com website Retrieved 18 June 2021
- ^ "Engro Foods now becomes FCEPL". Business Recorder. 10 July 2019. Retrieved 18 June 2021.
- ^ "Corporate results: Engro Foods' struggle continues". The Express Tribune. 21 October 2014. Retrieved 18 June 2021.
- ^ Shahbaz Rana (6 June 2017). "Engro hints at closing milk plant in Sukkur as tax policies bite". The Express Tribune. Retrieved 18 June 2021.
- ^ "Engro Foods opens its doors to Punjab parliamentarians". Business Recorder. 23 April 2019. Retrieved 18 June 2021.
- Engro
- FrieslandCampina subsidiaries
- Dairy products companies of Pakistan
- Food and drink companies established in 2005
- Food and drink companies based in Karachi
- 2011 initial public offerings
- 2016 mergers and acquisitions
- Companies listed on the Pakistan Stock Exchange
- Manufacturing companies based in Karachi
- Mergers and acquisitions of Pakistani companies
- Pakistani companies established in 2005
- Pakistani subsidiaries of foreign companies
- Sahiwal
- Sukkur
- Pakistani company stubs