Traded as KSE: FFC Area served Agriculture & Farming Headquarters Rawalpindi Number of employees 5,000 | Industry Chemicals Products Fertilizer, Urea Founded 1978 Parent organization Fauji Foundation | |
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Number of locations Rawalpindi (Head Office), Sadiqabad & Mirpur Mathelo (Plantsites) Key people CE & MD: Lt Gen Shafqaat Ahmed, HI(M) (Retd) | ||
Cwo office fauji fertilizer company limited mirpur mathelo ffcmm night view in 3d
Fauji Fertilizer Company Limited (FFC) is the largest chemical fertilizer producer of Pakistan with biggest market share in the country. It was established by the Fauji Foundation which holds a controlling interest.
Contents
History
FFC was established in 1978 as a joint venture of Fauji Foundation and Haldor Topsoe. The first urea complex was commissioned in 1982. Plant-1 was improved in 1992, and a second plant was built in 1993. In the year 2002, FFC acquired ex Pak Saudi Fertilizers Limited (PSFL) Urea Plant situated at Mirpur Mathelo, District Ghotki from National Fertilizer Corporation (NFC) through a privatisation process of the Government of Pakistan. This acquisition at Rs. 8,151 million represents one of the largest industrial sector transactions in Pakistan. FFC now has three plants with a combined capacity of 5770 MTPD of prilled urea.
Fauji Fertilizer Bin Qasim Limited (FFBL) is another company where FFC has controlling shares – it produces 1670 MTPD of granular urea plus 2250 MTPD DAP after revamping (1350 MTPD before revamp) DAP. Ammonia and urea plants capacity factors right from the plants start-up have been 100% or more. Today, FFC is also involved manpower training and turnaround services provider, especially within Pakistan and in the Middle East.
Fauji Fertiliser Bin Qasim would enter meat, dairy and power businesses with an estimated investment of over Rs. 33 billion ($ 330 million). The wholly owned subsidiaries of Fauji Meat, Fauji Foods and Fauji Power will be involved in these businesses.
Karachi Stock Exchange top 25 companies awards
The company was listed on the Karachi Stock Exchange in 1991. Based on the exemplary dividends to the shareholders and other criteria of Karachi Stock Exchange, FFC has consistently remained in the list of top 25 best performing companies of Pakistan consecutively for 14 years since 1994. As a result of excellent performance over the years, the company's ranking in the Karachi Stock Exchange list of 25 companies improved from fifth position in 1995 to second in 1996, it was awarded the first position in 1997 and again second prize in 1998. As of 2007, the company is at the 5th position.
Accounts awards
The company has also won numerous "Best presented accounts awards" from different national and international organizations including Institute of Chartered Accountants of Pakistan, ICMAP, SAFA. The company also held first position in the overall category of Best Presented Accounts for the years 2002-2007
Human Resource Development
A technical training centre was established within few years of commissioning of Plant-I. The training institute provided training to personnel from a number of other organizations both inside and outside the country.