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Enabling Excellence. Annual Report 2010 I Offkr

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Enabling Excellence. Annual Report 2010 I Offkr enabling excellence. Annual Report 2010 i offkr for s .Sk-.ny pUntt Engro Corporation Limited & Engro Fertilizers Limited head offices in Karachi (7th & 8th floor, Harbor Front) have been certified as Green Offices by WWF Pakistan engro corp Every day, Engro enables its brand of excellence to come alive through investments, innovation and inspiration. About Us and began production in 1968. At US $43 million with an annual production capacity of 173,000 tons, this was the single largest foreign investment by a multinational corporation in Pakistan at the Engro Corporation Limited is one of Pakistan's largest conglomerates time. As the nation's first fertilizer brand, the company also pioneered with the company's business portfolio spanning across sectors the education of farmers in Pakistan, helping to modernize traditional including chemical fertilizers, PVC resin, a bulk liquid chemical farming practices to boost farm yields, directly impacting the quality terminal, industrial automation, foods, power generation and of life for farmers and the nation. commodity trade. At Engro, our ambition is to become the premier Pakistani enterprise with a global reach. In 1978, Esso was renamed Exxon globally, and the company The management team at Engro is responsible for conceptualizing became Exxon Chemical Pakistan Limited. The business continued and articulating goals that bring our people together in pursuit of to prosper as it relentlessly pursued productivity gains and strived our objectives. It leads the company with a firm commitment to the to attain professional excellence. values and spirit of Engro. In our journey to become a profitable, growth-oriented and sustainable company, our management In 1991, following a decision by Exxon to divest its fertilizer business structure has evoived to create a more transparent and accessible on a global basis, the employees of Exxon Chemical Pakistan organization. Limited decided to buy out Exxon's share. This was, and perhaps still is, the most successful employee buy-out in the corporate history of Pakistan. Renamed Engro Chemical Pakistan Limited, Our growth is driven by our people. Our culture is dynamic and the company continued to go from strength to strength, reflected energetic, with emphasis on our core values and loyalty of our in its consistent financial performance, growth and diversification. employees. Our work environment promotes leadership, integrity, teamwork, diversity and excellence. In 2009 a decision was made to demerge the fertilizer business Our History into an independent operating company to ensure undivided focus on the business's expansion and growth. In the best interests of a multi category business, expansion strategy and growth vision, Today, Engro is one of Pakistan's most progressive, growth oriented the management decided that the various businesses would be organizations, managed under a holding structure that works better served if the company was converted to a holding company; towards better managing and oversight of subsidiaries and affiliates Engro Corporation Limited. that are part of Engro's capital investments in Pakistan. The company is also defined by its history, which reflects a rich From its inception as Esso Pakistan Fertilizer Company Limited in legacy of innovation and growth. The seeds for the company were 1965 to Engro Corporation Limited in 2010, Engro has come a sown following the discovery of the Mari gas field by Esso / Mobil long way and will continue working towards its vision of becoming in 1957. Esso proposed the establishment of a urea plant, and the a premier Pakistani company with a global reach. Esso Pakistan Fertilizer Company Limited was established in 1965 Engro Fertilizers Limited Engro Foods Limited Engro Fertilizers Limited is a premier fertilizer manufacturing and Engro Foods Limited used dairy as a stepping stone to enter into marketing company with products that focus on balanced crop the food business. The business has established state-of-the-art nutrition and increased yield. The fertilizers business is a dynamic dairy processing units in Sukkur and Sahiwal, along with an ice company driven by a vision to improve productivity and lifestyle for cream production facility in Sahiwal. thousands of farmers across Pakistan. Top quality dairy brands like Olper's, Olwell, Tarang, Omore and Having started with single product, Urea, the business today caters Owsum have been successfully launched under the helm of the to a variety of fertilizers for different farmers. Engro Zorawar is a business's dairy products. To support these brands and their higher high Phosphate-content fertilizer having ideal pH characteristics for standards of quality, Engro Foods has invested heavily in milk alkaline soils whereas Engro Zarkhez is a high-end fertilizer product processing and milk collection infrastructure. The business has also that provides convenient and balanced nutrition for a wide variety made steps out of the dairy sector with the launch of its brand of of crops. For zinc deficiency Engro Zingro is an imported Zinc juices, Olfrute, and has completed construction of its rice processing fertilizer which primarily targets deficiency prone crops like rice, facility in Muridke. potato, maize, sugarcane, wheat, cotton, vegetables and fruits. Engro Fertilizers has successfully developed a loyal customer base The business is now set to conquer the international markets all across Pakistan, not only by providing farmers with quality through a global business unit, which is preparing to enter the halal fertilizers, but also through extensive market development activities. meat market in America and Canada, following its acquisition of 'Al Safa Halal'. With the demand for Urea continuing to grow in Pakistan, Engro's fertilizer manufacturing facility at Daharki underwent a major expansion project, with the completion of the world's largest single-train ammonia- urea plant in 2010. This takes the business's production capacity to 2.3 million tons, and provides the potential for Pakistan to end near-term imports of urea, with benefits to the agri economy and the national exchequer. Engro Corp. I Annual Report 2010 Engro Polymer & Chemicals Limited Engro Vopak Terminal Limited Engro Polymer & Chemicals Limited is Pakistan's only manufacturer Engro Vopak Terminal Limited is a joint venture with Royal Vopak and marketer of PVC (polyvinyl chloride) resin, with an annual PVC of the Netherlands and has been providing world class services to production of 150,000 tons. The business markets its products the growing chemical and petrochemical industry of Pakistan. The under the brand name of SABZ. Following recent expansion, the business offers storage and handling solutions for liquid and gaseous business now has an integrated facility with the capability to chemicals, oil products, petrochemicals, bio-fuels, vegetable oils manufacture EDC, VCM, Chlorine and Caustic soda. and Liquefied Natural Gas (LNG). The business reached a landmark for the terminal industry of Pakistan with the successful The business plays a pivotal role in ensuring the sustainability of commissioning of Pakistan's first cryogenic import facility for the domestic PVC industry and provides support through the provision Ethylene. of quality products and technical services. It also invests in developing new products and markets. As a part of market development it is looking to set up a complete business line for the construction industry by promoting PVC based doors and windows. 03 Engro Powergen Limited Engro Eximp Private Limited Engro Powergen Limited seeks to develop power projects in Pakistan Engro Eximp Private Limited trades in commodity fertilizers such to help reduce the power shortage in the country and earn a as DAP, MAP, MOP and SOP, and micro-nutrients like Zinc Sulphate. competitive return for shareholders. It supplies these fertilizers as raw materials to Engro Fertilizer's Zarkhez plant for manufacturing blended compound fertilizers. The business has set up its first venture into the power sector, with Engro Eximp has been the largest importer of phosphates and a 220 MW power plant in Qadirpur. This is Engro's first Independent potash fertilizers in Pakistan over the last few years and has also Power Project (IPP) and it utilizes permeate gas, thus reducing recently expanded into the regional trade of fertilizers. carbon emissions. With a vision to expand into new and profitable trading avenues, The Sindh Engro Coal Mining Company Limited is a joint venture Engro Eximp has established a fast growing basmati rice trading between the Government of Sindh and Engro Powergen, to mine business. The business will procure high quality basmati paddy coal from Thar Block II. The project has completed its technical, from farmers and export finished basmati rice to B2B customers economic and environmental feasibility assessment and aims to across the world. As part of this initiative, Engro has set up a large, utilize the ample reserves of coal in the Thar Desert for power state-of-the-art rice processing mill in Muridke; the heart of the generation. basmati growing area in Pakistan. Engro Powergen also seeks to reduce Pakistan's power shortage by exploring and implementing cleaner, efficient and economic methods of power generation. Wind, hydro and solar power projects are being actively assessed as alternative energy options for Pakistan. Engro Corp. I Annual Report 2010 Avanceon Limited Avanceon Limited is a leading global automation business, providing process
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