FrieslandCampina Engro Pakistan
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Formerly | Engro Foods (2005–2019) |
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Company type | Public |
Traded as | PSX: FCEPL KSE 100 component |
Industry | Dairy |
Founded | 2005; 19 years ago (2005) |
Headquarters | Karachi-75600, Pakistan |
Key people | Abdul Samad Dawood (chairman) Kashan Hasan (CEO) |
Products | Dairy Omung, Olpher's, Omoré, Tarang |
Revenue | ![]() |
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Net income | ![]() |
Total assets | ![]() |
Total equity | ![]() |
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
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
- Olper's[3][8]
- Olper's Lite[8]
- Omoré (frozen dessert)[3][8]
- Dairy Omung[8]
- Omung Lassi[3]
- Tarang[10][3]
Plants
The company operates two processing plants in the following cities of Pakistan:
References
- ^ "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.
- ^ "Dutch firm buys Engro Foods for $450m". 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.
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Board of directors |
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Chief executives |
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- Engro Energy
- Gel Utility Ltd. (Nigeria) (45%)
- Engro Elengy Terminal (56%)
- Engro Vopak Terminal (50%)
- Engro Fertilizers (56.27%)
- Engro Eximp Agriproducts
- Engro Polymer & Chemicals
- Engro Eximp FZE
- Engro Enfrashare
- FrieslandCampina Engro (40%)
- Avanceon
- Engro Powergen Qadirpur
- Engro Powergen Thar
- Sindh Engro Coal Mining Company
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