Sie sind auf Seite 1von 2

History:

It was 1957 when in search for oil by Pak Stanvac, an Esso/Mobil joint venture led to the discovery of the Mari Gas field near Daharki Pakistan. Esso proposed the establishment of a urea plant in that area which led to a fertilizer plant agreement signed in 1964. The construction of a urea plant commenced at Daharki in 1966 and production began in 1968. At US $46 million with an annual production capacity of 173,000 tons, The plant started production on 4 December 1968. As the nations first branded fertilizer manufacturer, the Company started farmers education programs. Farmer education programs increased consumption of fertilizers Pakistan. In 1978, Esso became Exxon as part of an international name change. The Company was therefore renamed Exxon Chemical Pakistan Limited. In 1991, Exxon decided to divest its fertilizer business on a global basis. Engro also relocated fertilizer manufacturing plants from the UK and US. Beginning in 1994, Engro Chemical Pakistan Limited moreover started venturing into other sectors: foods, energy, industrial control and automation, PVC resin manufacturing and marketing, and chemical terminal and storage. Then By 2009, Engro was fast growing and had already diversified its business portfolio is as many as seven different industries. Engro Chemical Pakistan was converted into a holding company named Engro Corporation, and its fertilizer business was subsequently demerged to a newly formed Engro subsidiary Engro Fertilizers Limited. The demerger acquired the approval of High Court of Sind on December 9, 2009 after obtaining the requisite approvals from creditors and shareholders of the Company. The demerger became effective from January 1, 2010. Subsequently, all fertilizer business assets and liabilities have been transferred to Engro Fertilizers Limited against the issue of shares to the Company.

Future:
Future prospects for Engro Fertilizers look bright as the Company recently undertook its biggest urea expansion project to date. Its newly constructed Prill Tower stands tall at 125 meters dubbed the tallest structure in Pakistan. The total cost of this expansion is approximately US$ 1.05 Billion, with the expanded facility looking set to make Engro the biggest urea manufacturer in Pakistan, besides substantially cutting the cost of urea imports to national exchequer.

purpose:
Following is the mission statement of Engro fertilizer: To help farmers maximize their farm produce by providing quality plant nutrients and Technical services upon which they can depend; To create wealth by building new businesses based on Country's strengths in Petrochemicals, Information Technology, Infrastructure and other Agricultural sectors.

Success factors:

Safety, Health & Environment Leadership Teamwork & Partnership Diversity & International Focus Quality & Continues Improvement Ethics & Integrity External Community Involvement Candid & Open communication Innovation Individual Growth & Development Enthusiastic Pursuit of Profit Enjoyment & Fun