The conglomerate includes: Engro Corporation Limited, Engro Fertilisers, Engro Foods, Engro Eximp Agriproducts, Engro Powergen, Sindh Engro Coal Mining, Engro Polymer & Chemicals, Engro Ellengy and Engro VOPAK Terminal Limited.
This long journey of Engro Corporation started in the 1950s when Engro, formerly known as Esso & later as Exxon, discovered the Mari Gas field in a joint venture with Esso Mobile in 1957. Eight years later the Company was incorporated as Esso Pakistan Fertiliser Company Limited with the objective to manufacture and market fertilisers. This later became Engro Fertilisers.
In 1968 the first Urea plant was commissioned at Daharki, Sindh which derived the largest foreign investment in the private sector in the history of Pakistan and Esso Pakistan Fertiliser Company Limited was renamed as Exxon Chemical Pakistan Limited.
Exxon later divested its equity from the fertiliser business globally; the Company was renamed as Engro Chemical Pakistan Limited through an employee led buyout. In 1993 the first commissioned Urea plant Pakven 600 was completed which stands as Engro's first post start-up expansion project, resulting in an increase in production capacity from 268,000 tons to 600,000 tons per annum.
Engro further diversified in to the chemical storage and handling business in a joint venture (JV) with Royal Vopak of Netherlands in 1995 and two years later Engro entered into the petrochemicals business as the sole manufacturer of PVC in Pakistan through a JV with Mitsubishi and Asahi Glass.
In 2000 Engro setup the fertilisers blending (NPK) Plant in Karachi at Port Qasim and launched Engro Zarkhez - the branded NPK blend of fertiliser.
Following this, in 2002, Dawood Hercules Group became Engro's patron shareholder with a 32% shareholding in the parent company. The very next year, Engro Eximp was formally launched as a trading entity and became the largest importer of Phosphate, Potash and Zinc based fertilisers in Pakistan. Simultaneously Engro also entered the automation/control business and acquired a majority stake in Avanceon. The same year Engro's revenue sky rocketed to PKR12billion.
The journey took a new turn when the Company entered into the energy business, beginning work on a 220 MW power plant based on flared gas. One year later Engro launched its food business and set up a milk processing plant at Sukkur resulting in the release of the first ever TV Commercials for Olper's.
In 2005, Engro commenced a 1.3 Million Ton ENVEN expansion project with a hefty investment of $1.1 Billion.
Engro then entered into the largest public-private partnership in the history of Pakistan by setting up the Sindh Engro Coal Mining Company with the Sindh Government in 2009.
45 years after its birth Engro adopted a logo change to reflect a uniform brand identity across its diverse businesses. It then completed construction of the largest single train urea-ammonia plant in the world, with an aggregate capacity of 2.3 million tons. The same year Engro also launched Engro Rupiya - the company's first-ever Term Finance Certificate for the retail segment. Later that year Engro Chemical Pakistan Limited demerged into a diversified conglomerate with Engro Corporation Limited as the holding company.
In 2011, Engro hosted the first ever Engro Excellence Awards and acquired Al Safa Halal in Canada. Engro Eximp FZE, a trading hub was also set up in Dubai.
In 2012, Elengy Terminal Pakistan Limited was incorporated. The year 2013 marked the commencement of a power project in Nigeria along with Engro Fertilisers conducting a successful IPO - oversubscribed by three times.
The year 2014 was filled with other achievements which included the signing of the LNG Service Agreement (LSA) for the setup of the LNG Terminal. The most significant achievement of this year was the commencement of groundwork on Thar Coal Project - Block II.
2015 proved to be a year of monumental growth and celebrations for Engro. We not only marked 50 years of operational excellence, but made history by setting up the first LNG Terminal in Pakistan, in addition to achieving a record profit-after-tax of over PKR 13 billion.
The company celebrates the 50 year long journey today with the commitment to progress more in the years to come.