FrieslandCampina Engro Pakistan Limited (FCEPL) is a Pakistani dairy products company which is a subsidiary of Dutch multinational cooperative FrieslandCampina. It is based in Karachi, Pakistan.

FrieslandCampina Engro Pakistan produces products such as dairy, ice cream, and frozen desserts.[2] The company also operates a dairy farm.[2]

History

FrieslandCampina Engro Pakistan was founded as a subsidiary of Engro Chemicals Pakistan Limited in 2005.[3] Its plant became operational in 2006.[4]

In 2011, Engro Foods was listed on the Karachi Stock Exchange, following an initial public offering at a strike price of PKR 25.[5] By 2012, it had a market capitalization greator than its parent company, Engro Corporation.[6]

In 2016, Dutch dairy co-operative, Friesland Campina, acquired 51 percent stake in the company for US$450 million.[7] At that time, it was still struggling to fully reach consumers due to its weak supply chain.[8][9]

In July 2019, the company changed its name to FrieslandCampina Engro Pakistan.[10]

Brands

Plants

The company operates two processing plants in the following cities of Pakistan:

References

  1. ^ "FrieslandCampina Engro Pakistan Annual Report 2023". Retrieved 18 May 2024.
  2. ^ a b Hussain, Dilawar (14 December 2015). "Striving to beat competition in packaged milk industry". DAWN.COM.
  3. ^ a b c d e "Engro Foods Limited (a profile)". Business Recorder. 6 October 2015. Retrieved 18 June 2021.
  4. ^ Sharif, Farhan; Anis, Khurrum (3 June 2010). "Pakistan's Engro Foods Plans to Expand Overseas, Raise Exports". Bloomberg.
  5. ^ "Engro offers 27 million shares for sale". Brecorder. 28 June 2011.
  6. ^ "IPO anniversary: A year on, Engro Foods wins over the sceptics". The Express Tribune. 13 August 2012.
  7. ^ "Dutch firm buys Engro Foods for $450m". Dawn. 5 July 2016. Retrieved 18 June 2021.
  8. ^ "Restructuring and regrouping: Engro Foods addresses supply chain weakness". The Express Tribune. 4 August 2013. Retrieved 18 June 2021.
  9. ^ a b c d e FRIESLANDCAMPINA ENGRO PAKISTAN LIMITED (FCEPL) - stock quote and company business summary on MarketScreener.com website Retrieved 18 June 2021
  10. ^ "Engro Foods now becomes FCEPL". Business Recorder. 10 July 2019. Retrieved 18 June 2021.
  11. ^ "Corporate results: Engro Foods' struggle continues". The Express Tribune. 21 October 2014. Retrieved 18 June 2021.
  12. ^ Shahbaz Rana (6 June 2017). "Engro hints at closing milk plant in Sukkur as tax policies bite". The Express Tribune. Retrieved 18 June 2021.
  13. ^ "Engro Foods opens its doors to Punjab parliamentarians". Business Recorder. 23 April 2019. Retrieved 18 June 2021.
Allikas: http://en.wikipedia.org/wiki/FrieslandCampina_Engro_Pakistan
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