Engro
From Wikipedia, the free encyclopedia
Engro Chemical Pakistan Limited (ECPL) is a Pakistani fertilizer and chemicals company. Its production is based in Daharki, Sindh. Engro is included in the KSE 100 stock index at the Karachi Stock Exchange and is also listed on the stock exchanges of Islamabad and Lahore.
[edit] History
The company was originally a subsidiary of what is now Exxon (then Esso); after the discovery of a natural gas field near Dharki in 1957, Esso in 1968 built a plant nearby to use the gas to make urea fertilizer - the Esso Pakistan Fertilizer Company. In 1991 Exxon decided to divert its worldwide fertilizer interests, and Exxon's interest was sold to the company's employees in Pakistan's first corporate employee buyout. Since 1991, the plant at Dharki has been greatly expanded, and the company has launched several successful partnership ventures, including port facilities (Engro Vopak Terminal Limited, with Royal Vopak of The Netherlands) and PVC resin manufacturing (Engro Asahi Polymer & Chemical Limited, with the Asahi Glass Company and Mitsubishi). Other ventures include a milk processing plant, the construction of a urea plant in Oman, and the importation of fertilizer and seeds to be sold in Pakistan under Engro's brand.
[edit] Awards
In 2001 Engro was listed as one of the Karachi Stock Exchange's Top 25 Companies. In 2006 Forbes Asia listed Engro as one of Asia's "200 Best Under a Billion". In September 2006 Engro was given an Asian CSR Award in the Concern for Health category for its sponsorship of Project Hope, a telemedicine program bringing the advice of medical specialists to underserved areas in Sindh province; the program has been sponsored by the company since 2005 and helped about 500 patients in its first year.
[edit] External links
 |
This Pakistani corporation or company article is a stub. You can help Wikipedia by expanding it. |
