Company type | Public |
---|---|
PSX: FATIMA | |
ISIN | PK0091601010 |
Industry | Fertilizer |
Founded | 2003 |
Headquarters | Lahore, Pakistan |
Area served | Pakistan |
Key people | Arif Habib (Chairman) Fawad Ahmed Mukhtar (CEO) |
Revenue | ![]() |
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Total assets | ![]() |
Number of employees | 2,604 (December 2020) |
Parent | Fatima Group & Arif Habib Group |
Website | www |
Fatima Fertilizer Company Limited is a fertiliser manufacturer headquartered in Lahore, Pakistan. It was established in 2003 as a joint venture between the Fatima Group and the Arif Habib Corporation. [1] [2] [3]
The company manufactures, sells, imports, and exports fertilisers and chemicals. [3] [4] Its production includes two intermediary products, ammonia and nitric acid, and three final products: urea, calcium ammonium nitrate, and nitro phosphate. Pakistan's fertilizer sector is oligopolistic, with nine companies in operation. Fatima Fertilizer is the third-largest player with a market share of about 6.1%. [5] A major factor in its profitability is an exclusive gas supply contract from the Mari Gas Field, operated by Mari Petroleum. [6]
Fatima Fertilizer runs three plants in Sadiqabad, Multan, and Sheikhupura; the latter was acquired in 2015 from Dawood Hercules Corporation. [7] [8] It also holds an equity stake in Midwest Fertilizer Company in Indiana, United States, through a Singapore-based subsidiary. [9]
The company plans to build a new urea plant at Port Qasim with an investment exceeding US$500 million, which will add one million tons to its annual capacity. [10] Fatima Group has also partnered with Algeria's Sonarem to develop phosphate reserves at Bir el Ater, and jointly with Lucky Cement has acquired a 66.66% stake in National Resources (Pvt) Limited, a Balochistan-based mineral exploration company. [11] [12]