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  • Jan 15th, 2013
  • Comments Off on FFC: The largest urea manufacturer in Pakistan
Fauji Fertiliser Company Limited (FFC) is the largest urea manufacturer in Pakistan. It was incorporated in 1978 as a joint venture between Fauji Foundation (a leading charitable trust in Pakistan) and Haldor Topsoe A/S of Denmark. The Company is operating three world scale urea plants with an aggregate design capacity of over 2 million metric tonnes per annum.

In 1993 FFC together with Fauji Foundation participated in establishment of country's only granular urea and DAP complex Port Qasim, Karachi. The new company, Fauji Fertiliser Bin Qasim, (FFBL) is designed to produce 551,100 metric tonnes of granular urea and 650,000 metric tonnes of DAP.

Thus FFC's Marketing Group, one of the largest marketing network in the country, markets nearly 3.5 million metric tonnes of fertiliser per annum for both FFC and FFBL under its brand "SONA" which means gold. FFC holds 50.88% stake in FFBI and 6.79% stake in Fauji Cement Company Limited. Besides it holds 12.5% stake in Pakistan Maroc Phosphore SA (PMP) in Morocco which meets the entire raw material requirement of FFBL's DAP production.

FFC is listed on all three stock exchanges of the Country and is amongst the Country's largest corporate entities. FFC securities are one of the most actively traded scrips on the Stock Exchanges. FFC is amongst the top 25 Companies at the Karachi Stock Exchange (Guarantee) Limited (KSE) since 1994 and has been declared first twice in 1997, 2010 and 2011 respectively.

Company's financial position has consistently improved since its inception. In 2011 the Company also made massive contribution of Rs 28,081 million to National Exchequer by way of taxes other levies. Towards its diversification policy, FFC is pioneering landmark wind Power Plants in Pakistan in phases with a view to enhance Country's energy security through green and clean power.

A 50MW wind farm is near completion and the management is also considering to further expand the project. FFC is also keen to expand its HR Technical Services business in potential markets in the Middle East. FFC is also considering various investment proposals both inland and abroad as part of business diversification strategy.

Alongwith financial progress, FFC Corporate Social Responsibility contributions in the areas of education, health, disaster relief and environment are significant. FFC is striving to incorporate UNGC principles into its strategy and governance for a sustainable business. FFC published its first Sustainability Report based on GRI guidelines in 2012. Internationally FFC is well recognised as a member of International Fertiliser Association (IFA), Arab Fertiliser Association (AFA) and United Nations Global Compact (UNGC) New York USA.

Copyright Business Recorder, 2013


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