Английская Википедия:Engro Corporation

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Engro Corporation (Engro) (Шаблон:Lang-ur) is a Pakistani conglomerate headquartered in Karachi.

Founded as a fertilizer business in 1965, it is one of the largest companies in the country. that employs over 2,800 individuals across the Group The principal activity of Engro is to manage investments in subsidiary companies, associated companies and joint venture, engaged in fertilizers, power generation, telecommunications infrastructure, petrochemicals, mining, food, LNG and chemical storages. Engro operates through five verticals focusing on: Food & Agriculture, Energy & Related Infrastructure, Petrochemicals, Telecommunication Infrastructure, and International Trading.

Significant Engro subsidiaries include Engro Fertilizers, Engro Eximp Agriproducts, Engro Eximp FZE, Engro Energy, Engro Powergen Qadirpur, Engro Powergen Thar, Engro Elengy Terminal, Engro Vopak Terminal, Engro Polymer & Chemicals and Engro Enfrashare.

Further, the notable Associate/ joint venture companies include FrieslandCampina Engro and Sindh Engro Coal Mining Company.

Engro "was the first Pakistani company to become a signatory of the UN Global Compact (UNGC) and adopted the Global Reporting Initiative (GRI) framework for measuring and reporting corporate performance on economic, social and environmental parameters."

History

In 1957, Esso-Mobil discovered the region’s largest gas reserves within the Mari District.

In 1965, the company was founded as a fertilizer business by an American company Esso on the Mari Gas field near Daharki, Ghotki District, Sindh, with 75% of the shares owned by Esso and 25% by the general public.

The construction of a urea plant commenced at Daharki in 1966 and production began in 1968. At the US $43 million with an annual production capacity of 173,000 tons, it was the single largest foreign investment by a multinational corporation in Pakistan at the time.

Following the global name change of Esso to Exxon, it was decided to rename the company to Exxon Chemical Pakistan in 1978.

In 1991, Exxon divested its fertilizer business on a global basis. The employees of Exxon Chemical Pakistan Limited, in partnership with leading international and local financial institutions, bought out Exxon's 75% equity. Subsequently, the company was renamed as Engro Chemical Pakistan Limited.

In 2010, Engro Chemical Pakistan Limited renamed itself Engro Corporation. Engro also adopted a logo change to reflect a uniform brand identity across its diverse businesses.

Group Companies

Food & Agriculture

Engro Fertilizers is the second-largest fertilizer manufacturing company in Pakistan, after the Fauji Fertilizer Company. It commissioned the world's largest single-train urea plant – EnVen - in 2011, one of Pakistan's largest private sector industrial investments. For Supply Chain operations, Engro Fertilizers limited owns the fleet of around 200 containers and flatbed trucks which is operated by their subsidiary called Engro Logistics. Engro Logistics claims to be the safest road Logistics transport service in Pakistan.

Engro Eximp Agriproducts, starting its operations in 2011, is one of Pakistan's largest basmati rice exporter, with USD 31 million worth of exports in 2022. It's integrated plant for processing and finishing rice is the largest in the country and has a production capacity of 70,000MT per annum.

Established in 2006, FrieslandCampina Engro (branded as Engro Foods until July 2019) is a joint venture with Royal FrieslandCampina, and the second-largest dairy company in Pakistan. Its brands Tarang, Olpers, Omung, and Omoré are all leading brands in the national dairy market. Their products are widely distributed across Pakistan.

Energy & Related Infrastructure

Engro Energy owns and operates Engro Powergen Qadirpur Limited, a 217-megawatt power plant and Engro’s first initiative in the power sector. Engro Powergen Qadirpur Limited was listed on the Karachi Stock Exchange in October 2014 where 25% of the shares were offered. Engro Energy also holds Engro Powergen Thar, Engro Energy Services, and Sindh Engro Coal Mining Company.

Engro Elengy Terminal (EETL), a joint venture between Engro Corporation and Royal Vopak of the Netherlands, is the first Liquified Natural Gas (LNG) terminal of Pakistan that started operations in March 2015. Built in a world record time of 332 days, EETL is recognized as one of the fastest built and most utilized re-gasification terminals in the world. It currently contributes as much as 15% of Pakistan’s total gas supply during the year.

Petrochemicals

Engro Polymer & Chemicals is the first and only fully-integrated Chlor-vinyl complex in the country, and is a joint venture with Mitsubishi. It is the sole manufacturer of PVC resin and produces Chlor Alkali products like Caustic Soda, Sodium Hypochlorite, and Hydrochloric Acid. It is involved in the manufacturing, marketing, and distribution of PVC (under the brand name ‘SABZ’) and other Chlor-Vinyl allied products.

Engro Vopak Terminal serves for storage of bulk liquid chemicals and LPG - with an expanded capacity of 82,400 cubic meters. It is a joint venture with Royal Vopak of the Netherlands.

Telecommunication Infrastructure

Engro Enfrashare started operations in late 2018, and operates more than 1,500 towers in Pakistan. In 2019, Engro Corporation announced an investment of up to Rs 7.5 billion in Engro Enfrashare to develop potential business opportunities in the telecommunications sector.

International Trading

Engro Eximp FZE, a wholly owned subsidiary of Engro Eximp Agriproducts, started its operations in 2022 in the Jebel Ali Free Zone of Dubai for trading opportunities in energy, petrochemicals and other sectors.

Global Partnerships

Engro established two joint ventures: one with Royal Vopak of the Netherlands in 1997, creating Engro Vopak Terminal, and another with Mitsubishi, called Engro Polymer & Chemicals. Engro Foods was established in 2005 and now has shareholding by FrieslandCampina, thus renamed FrieslandCampina Engro. The Group is a partner organisation of the World Economic Forum from Pakistan.

The group continues to venture into businesses with companies such as General Electric, China Machinery Engineering Corporation, Siemens, and the World Bank’s International Finance Corporation.

Philanthropy

Social investment programs are managed by Engro Foundation – the single CSR arm for all Engro companies. In 2012, Engro Foundation launched its annual flagship initiative, “I Am The Change” Awards intended to celebrated the achievements of 'frontline heroes' for the betterment of people and uplifting hard-hit communities. In 2020, the Foundation also signed a three-year memorandum of cooperation with the Bill and Melinda Gates Foundation to promote the well-being of vulnerable and marginalised segments of society. In collaboration with partners such as USAID, Australian Government Department of Foreign Affairs and Trade (DFAT) and Deutsche Investition- und Entwicklungsgesellschaft (DEG), Engro Foundation has executed programs to promote female literacy, vocational trade, entrepreneurship and life skills.

Leadership

Ghias Khan was appointed as the 4th President & CEO of Engro Corporation at the end of 2016.
Previous CEOs of Engro Corporation include:

• Khalid Siraj Subhani (2015–2016)
• Ali Ansari (2012–2015)
• Asad Umar (2004–2012)

Engro's Board of Directors includes one executive director, four independent directors, and five non-executive directors. Hussain Dawood has been the Engro Corporation Chairman since 2006.

Further reading

• Mirza, Shaukat Raza From Exxon to Engro. Oxford: Oxford University Press, 2005 Шаблон:ISBN. Шаблон:OCLC
• Saeed, Mawal Sara Yes Engro – There is Hope: An analysis of Capital Structure of Engro. Lap Lambert Academic Publishing, 2012 Шаблон:ISBN.

Articles

• Khurshid, Anwar & Chaudary, Muddaasir Shafique (2010). Engro Chemical Pakistan Limited—Restructuring the Marketing Division. Asian Journal of Management Cases, 7(2), 135–155. DOI: 10.1177/097282011000700204. Шаблон:OCLC

External links

• Шаблон:Official website