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Engro Corporation from Wikipedia, the Free Encyclopedia Create account Log in Article Talk Read Edit Search Engro Corporation From Wikipedia, the free encyclopedia Main page This article includes a list of references, related reading or external links, Contents but it s sources remain unclear because it lacks inline cit at ions. Featured content Please improve this article by introducing more precise citations. (July 2013) Current events Engro Corporat ion is a public company based in Pakistan. The Engro Corporation Random article company has stakes in the fertilizer, food, power generation, Donate to Wikipedia petrochemicals, automation and terminal storage industries. Engro Interaction underwent an employee led buy out in 1992. Help Contents [hide] About Wikipedia Community portal 1 Subsidiaries Recent changes 2 Tarang Contact page 3 History 3.1 Founding days Type Public (KSE[1] ) Tools 3.2 Esso to Exxon Limited Indust ry Fertilizer Print/export 3.3 As Engro Chemicals (further expansions) Food 3.4 Recent history Beverages 4 Organizational structure Chemicals polymer 5 See also Power Generation 6 References Petrochemical 7 External links Fo unded Basic Foundation: 1957 as Esso/Mobil Joint Venture, Subsidiaries [edit] Company Incorporated 1965 as Esso Pakistan Fertilizer As a holding company its subsidiaries include: Company Limited Headquart ers Karachi, Pakistan. Engro Fertilizers Limited Area served Pakistan Engro Foods Limited Key peo ple Hussain Dawo o d Engro Eximp Private Limited Chairman Engro PowerGen Limited Aliuddin Ansari [2] Engro Polymers and Chemicals Limited Pre s ide nt and CEO Engro Vopak Limited Pro duct s Engro Urea Engro DAP Tarang [edit] Engro Zorawar Engro Zarkhez In 2013, Engro Corporation made six films which was the remake Zingro of six old Pakistani classical films under Tarang Housefull, and to Olpers honor these films Tarang Housefull Awards are created. Olwell Tarang History [edit] Omore Ice Cream Owsum Olfrute Founding days [edit] SABZ Avanceon It was 1957 when in search for oil by Pak Stanvac, an Esso/Mobil Engro Rupiya Certificate joint venture led to the discovery of the Mari Gas field near Revenue PKR 100 Billion Daharki Pakistan. Esso proposed the establishment of a urea plant in that area which led to a fertilizer plant agreement signed in Net inco me PKR 3,957 Million 1964. In the subsequent year, Esso Pakistan Fertilizer Company To t al asset s US$1.9 Billion PKR 94 Billion Limited was incorporated, with 75% of the shares owned by Esso and 25% by the general public. To t al equit y PKR 27 Billion Emplo yees 2,093 (De ce mbe r 20 0 9 ) The construction of a urea plant commenced at Daharki in 1966 and production began in 1968. At US $43 million with an annual Parent Dawood Group production capacity of 173,000 tons, it was the single largest Websit e http://www.engro.com foreign investment by a multinational corporation in Pakistan at the time. Esso to Exxon Limited [edit] In 1978, it was decided to rename the company from Esso Fert ilizer Company Limit ed to Exxon Chemical Pakist an Limit ed. In 1991, Exxon decided to divest 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. This was at the time and perhaps still is the most successful employee buy-out in the corporate history of Pakistan. Renamed as Engro Chemical Pakistan Limited, the Company has gone from strength to strength, reflected in its consistent financial performance, growth of the core fertilizer business, and diversification into other businesses. As Engro Chemicals (further expansions) [edit] It was year 1997 when Engro Chemical Pakistan limited decided to establish Engro Vopak Terminal Limit ed on 50/50 partnership basis between Engro and Royal Vopack of Netherlands , for handling bulk liquid chemical storage at Port Qasim Karachi. In that same year Engro Asahi polymer Chemicals limited was established in a result of joint venture between Mitsubishi Corporation and Asahi for the manufacturing and marketing of PVC resin. Recent history [edit] Engro EXIMP was established in 2003, after which in 2005 Engro decided to diversify their business more by venturing into the food business by establishing Engro Foods Limit ed. Engro also ventured into the power generation business by setting up Engro Energy Limited in 2006, which later on was renamed as "Engro Powergen Limited" in 2008. It was established with the basic aim to play Engro's part to tackle the energy crisis in the country. In year 2007, Engro Asahi polymer divested its share in joint venture with Mitsubishi and the company renamed as Engro Polymer and Chemicals Limited. In 2010, keeping in view the immense diversification of Engro Chemical Pakistan Limited, it was decided to rename the company as Engro Corporation as the holding company. Organizational structure [edit] Hussain Dawood holds the seat of the corporation, Mr. Dawood is also the chairman of Dawood Group Pakistan. Apart from the chairmanship, Asad Umar held the position of CEO & President at Engro Corporation from 2004–2012. He resigned on April 18, 2012 to join Pakistan's emerging political party Pakistan Tehreek-e-Insaf (Movement of Justice). Muhammad Aliuddin Ansari has been appointed as the new CEO & President of Engro Corporation. Asad Umar, President & CEO See also [edit] Engro Corporation at Engro Excellence Award's launching ceremony. Mair Foods Pakistan References [edit] External links [edit] http://www.engro.com V · T · E · KMI-30 companies of Pakistan [show] V · T · E · KSE-30 companies of Pakistan [show] Categories: Companies based in Karachi District Companies listed on the Karachi Stock Exchange Companies of Pakistan This page was last modified on 16 September 2013 at 07:42. Text is available under the Creative Commons Attribution-ShareAlike License; additional terms may apply. By using this site, you agree to the Terms of Use and Privacy Policy. 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