FrieslandCampina Engro Pakistan

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
Traded as	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	Rs. 100.23 billion (US$350 million) (2023)
Operating income	Rs. 6.117 billion (US$21 million) (2023)
Net income	Rs. 1.509 billion (US$5.2 million) (2023)
Total assets	Rs. 41.886 billion (US$150 million) (2023)
Total equity	Rs. 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^[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 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 US$450 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

• Olper's[3][9]
• Olper's Lite[9]
• Omoré (frozen dessert)[3][9]
• Dairy Omung[9]
• Omung Lassi[3]
• Tarang[11][3]

Plants

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

• Sukkur[12]
• Sahiwal[13]

References

1. "FrieslandCampina Engro Pakistan Annual Report 2023". Retrieved 18 May 2024.
2. Hussain, Dilawar (14 December 2015). "Striving to beat competition in packaged milk industry". DAWN.COM.
3. "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. "IPO anniversary: A year on, Engro Foods wins over the sceptics". The Express Tribune. 13 August 2012.
7. "Dutch firm buys Engro Foods for $450m". Dawn. 5 July 2016. Retrieved 18 June 2021.
8. "Restructuring and regrouping: Engro Foods addresses supply chain weakness". The Express Tribune. 4 August 2013. Retrieved 18 June 2021.
9. FRIESLANDCAMPINA ENGRO PAKISTAN LIMITED (FCEPL) - stock quote and company business summary on MarketScreener.com website Retrieved 18 June 2021
10. "Engro Foods now becomes FCEPL". Business Recorder. 10 July 2019. Retrieved 18 June 2021.
11. "Corporate results: Engro Foods' struggle continues". The Express Tribune. 21 October 2014. Retrieved 18 June 2021.
12. Shahbaz Rana (6 June 2017). "Engro hints at closing milk plant in Sukkur as tax policies bite". The Express Tribune. Retrieved 18 June 2021.
13. "Engro Foods opens its doors to Punjab parliamentarians". Business Recorder. 23 April 2019. Retrieved 18 June 2021.