Fauji Fertilizer Company
 | |
| PSX: FFC | |
| Industry | Chemicals |
| Founded | 1978 |
| Headquarters | Rawalpindi-46000 , |
Number of locations | Rawalpindi, Sadiqabad, Mirpur Mathelo |
Key people | |
| Products | Fertilizer, Urea |
Production output | 7000+ MT/day |
| Revenue |  Rs. 159.47 billion (US$550 million)[1] (2023) |
| Rs. 53.54 billion (US$190 million)[1] (2023) | |
| Rs. 29.67 billion (US$100 million)[1] (2023) | |
| Total assets |  Rs. 223.28 billion (US$770 million)[1] (2023) |
| Total equity | Rs. 61.85 billion (US$210 million)[1] (2023) |
Number of employees | 3,209[1] (2023) |
| Parent | Fauji Foundation |
| Subsidiaries | FFC Energy Limited, Fauji Fresh 'n' Freeze Limited, |
| Website | www |
Fauji Fertilizer Company Limited (FFC) (Urdu: فوجی فرٹیلائزر) is a Pakistani urea manufacturer based in Rawalpindi. It is a subsidiary of the Fauji Foundation. FFC produces or markets various fertilizers which include urea, DAP, SOP (Sulphate of Potash), MOP (Muriate of Potash), Boron (Di-Sodium Tetra Borate Decahydrate) and Zinc (Zinc Sulfate Mono-hydrate).[2][3]
FFC markets it products as "Sona". Sona is an Urdu language word, meaning gold.[4]
History[edit]
Fauji Fertilizer Company Limited (FFC) was incorporated in 1978 as a joint venture between Fauji Foundation (a leading charitable trust in Pakistan) and Haldor Topsoe of Denmark. The first urea complex was commissioned in 1982 in Sadiqabad, Punjab. To keep up with the Urea demand in the country, a second plant was built at the same location in 1993.
FFC participated as a major shareholder in a new DAP/Urea manufacturing complex with participation of major international/national institutions. The new company Fauji Fertilizer Bin Qasim Limited (formerly FFC-Jordan Fertilizer Company Limited) commenced commercial production with effect from January 1, 2000. The facility was designed with an annual capacity of 551,000 metric tons of urea and 445,500 metric tons of DAP, revamped to 670,000 metric tons of DAP.[2][4]
In 2002, FFC acquired Pak Saudi Fertilizers Limited urea plant from the National Fertilizer Corporation, for PKR 8.151 billion under a privatisation process of the Government of Pakistan.[5]
After PSFL's acquisition, FFC's Marketing Group became the largest fertilizer marketing network in the Country. It markets nearly 3.4 million metric tonnes of fertilizer per annum for both FFC and FFBL under brand name "SONA UREA".[4]
In 2012, FFC commissioned a wind farm project with a capacity of 49.50 MWh.[6]
In 2013, FFC acquired 43.15% equity stake of Askari Bank (AKBL) with a total investment of Rs. 10.46 billion.[7] In October 2013, FFC also acquired 100% equity of Al-Hamd Foods Limited and later renamed it as Fauji Fresh 'n' Freeze Limited.[8]
In 2018, FFC expanded energy business further and entered in a joint venture with Hubco by investing US$39 Million in Thar Energy Limited (TEL) for an equity share of 30%. TEL, a coal based power company, is expected to start production in 2021. [9]
FFC holds 49.88% stake in FFBL and 6.79% stake in Fauji Cement. Besides it holds 12.5% stake in Pakistan[10] Maroc Phosphore SA (PMP) in Morocco which meets the entire raw material requirement of FFBL's DAP production.
Production[edit]
FFC-I[edit]
Fauji Fertilizer established its first urea plant, FFC I, in Sadiqabad in 1979.[11] The plant had a production capacity of 570,000 tons per annum (TPA) and an initial construction cost of US$303 million.[11] The plant was supplied by Haldor Topsoe and was commmissioned in 1982 after an additional investment of US$15 million.[11]
FFC-II[edit]
FFC II was commissioned in March 1993 with a capacity of 635,000 TPA at a total cost of US$328 million.[11] FFC II plant was supplied by Snamprogetti.[11]
FFC-III[edit]
FFC-III is a urea plant located near Mirpur Mathelo on the Punjab-Sindh border in northern Sindh, Pakistan.[12] The plant was established as a joint venture between the governments of Pakistan and Saudi Arabia.[12] It operated under the National Fertilizer Corporation (NFC) as a fully owned subsidiary and was known as Pak-Saudi Fertilizer until 2002.[12] The plant was commissioned in October 1980 at a cost of PKR 2.08 billion.[13] In 2002, Fauji Fertilizer acquired Pak Saudi Fertilizer urea plant from the National Fertilizer Corporation, for PKR 8.151 billion under a privatisation process of the Government of Pakistan.[14] It has an annual urea production capacity of 557,000 tons.[12]
FFC-III plant sources its natural gas from the nearby Mari gas field, operated by Mari Petroleum, which is jointly owned by the Government of Pakistan and the Fauji Foundation.[12]
Awards[edit]
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[15]
Internationally, FFC is well recognized as a member of International Fertilizer Industry Association (IFA), Arab Fertilizer Association (AFA) and United Nations Global Compact (UNGC) New York, USA.[4]
Gallery[edit]
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FFC Township Mosque -
Plantsite Admin Building
References[edit]
- ^ a b c d e f "FFC Annual Report 2023" (PDF). ffc.com.pk. Retrieved 27 March 2024.
- ^ a b Company profile and stock quote of Fauji Fertilizer Company Market Screener.com website, Retrieved 20 May 2021
- ^ "FFC Products and Services". Fauji Fertilizer Company. FFC. Retrieved 3 April 2020.
- ^ a b c d FFC: The largest urea manufacturer in Pakistan Business Recorder (newspaper), Published 15 January 2013, Retrieved 20 May 2021
- ^ FFC wins bid for Pak Saudi Fertilizer Dawn (newspaper), Published 10 March 2002, Retrieved 20 May 2021
- ^ Wind project to start Production in Nov 2012 The Express Tribune (newspaper), Published 4 September 2012, Retrieved 20 May 2021
- ^ (Dilawar Hussain) FFC Acquires AKBL (Askari Bank Limited) Dawn (newspaper), Published 10 February 2013, Retrieved 20 May 2021
- ^ FFC Acquires Alhamd Foods The News International (newspaper), Published 5 October 2013, Retrieved 20 May 2021
- ^ (Salman Siddiqui) "Fauji Fertilizer to inject $39m into Thar Energy" The Express Tribune (newspaper), Published 4 April 2018, Retrieved 20 May 2021
- ^ "Fauji Cement earns Rs 3.47 billion in profit". Sky Marketing. Retrieved 2021-09-22.
- ^ a b c d e "Corporate finance in Pakistan: Case studies from an emerging market". [Karachi]: Oxford University Press: Lahore University of Management Sciences. May 13, 1999 – via Internet Archive.
- ^ a b c d e "Corporate finance in Pakistan: Case studies from an emerging market". [Karachi]: Oxford University Press: Lahore University of Management Sciences. May 13, 1999 – via Internet Archive.
- ^ "Corporate finance in Pakistan: Case studies from an emerging market". [Karachi]: Oxford University Press: Lahore University of Management Sciences. May 13, 1999 – via Internet Archive.
- ^ "FFC wins bid for Pak Saudi Fertilizer". Dawn. March 10, 2002.
- ^ " FFC Awards and Recognition"
External links[edit]
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