FrieslandCampina Engro Pakistan

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FrieslandCampina Engro Pakistan
FormerlyEngro Foods (2005-2019)
Company type Public
PSX:  FCEPL
Industry Dairy
Founded2005;19 years ago (2005)
Headquarters Karachi-75600, Pakistan
Key people
Abdul Samad Dawood (chairman)
Kashan Hasan (CEO)
ProductsDairy Omung, Olpher's, Omoré, Tarang
RevenueIncrease2.svgRs. 100.23 billion (US$350 million) (2023)
Increase2.svgRs. 6.117 billion (US$21 million) (2023)
Decrease2.svgRs. 1.509 billion (US$5.2 million) (2023)
Total assets Increase2.svgRs. 41.886 billion (US$150 million) (2023)
Total equity Increase2.svgRs. 14.176 billion (US$49 million) (2023)
Owner FrieslandCampina (51%)
Engro Corporation (40%)
Number of employees
1310 (2023)
Parent Engro Corporation
FrieslandCampina
Website frieslandcampina.com.pk
Footnotes /references
Financials As of 31 December 2023 [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.

Contents

FrieslandCampina Engro Pakistan produces products such as dairy, ice cream, and frozen desserts. [2] The company also operates a dairy farm. [2]

History

FrieslandCampina Engro Pakistan was founded as a subsidiary of Engro Corporation 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]

In 2016, Dutch dairy co-operative, Friesland Campina, acquired 51 percent stake in the company for US$450 million. [6] At that time, it was still struggling to fully reach consumers due to its weak supply chain. [7] [8]

In July 2019, the company changed its name to FrieslandCampina Engro Pakistan. [9]

Brands

Plants

The company operates two processing plants in the following cities of Pakistan:

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References

  1. ↑ "FrieslandCampina Engro Pakistan Annual Report 2023" . Retrieved 18 May 2024.
  2. 1 2 Hussain, Dilawar (14 December 2015). "Striving to beat competition in packaged milk industry". DAWN.COM.
  3. 1 2 3 4 5 "Engro Foods Limited (a profile)". Business Recorder. 6 October 2015. Retrieved 18 June 2021.
  4. ↑ Sharif, Farhan; Anis, Khurrum (3 June 2010). "Pakistan's Engro Foods Plans to Expand Overseas, Raise Exports". Bloomberg.
  5. ↑ "Engro offers 27 million shares for sale". Brecorder. 28 June 2011.
  6. ↑ "Dutch firm buys Engro Foods for $450m". Dawn. 5 July 2016. Retrieved 18 June 2021.
  7. ↑ "Restructuring and regrouping: Engro Foods addresses supply chain weakness". The Express Tribune. 4 August 2013. Retrieved 18 June 2021.
  8. 1 2 3 4 5 FRIESLANDCAMPINA ENGRO PAKISTAN LIMITED (FCEPL) - stock quote and company business summary on MarketScreener.com website Retrieved 18 June 2021
  9. ↑ "Engro Foods now becomes FCEPL". Business Recorder. 10 July 2019. Retrieved 18 June 2021.
  10. ↑ "Corporate results: Engro Foods' struggle continues". The Express Tribune. 21 October 2014. Retrieved 18 June 2021.
  11. ↑ Shahbaz Rana (6 June 2017). "Engro hints at closing milk plant in Sukkur as tax policies bite". The Express Tribune. Retrieved 18 June 2021.
  12. ↑ "Engro Foods opens its doors to Punjab parliamentarians". Business Recorder. 23 April 2019. Retrieved 18 June 2021.
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