FrieslandCampina Engro Pakistan
 | |
| Formerly | Engro Foods (2005-2019) |
|---|---|
| Company type | Public |
| PSX: FCEPL | |
| Industry | Dairy products |
| Founded | 2005 |
| Headquarters | Karachi, Pakistan |
| Products | Omoré and many others |
Number of employees | 1310 |
| Parent | FrieslandCampina (51% ownership) |
| Website | www |
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.[1] The company also operates a dairy farm.[1]
History[edit]
The company was founded as a subsidiary of Engro Corporation in 2005.[2] The company was still struggling to fully reach consumers due to its weak supply chain.[3][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]
In 2016, Dutch dairy co-operative, Friesland Campina, acquired 51 percent stake in the company for US$450 million.[6] This company intends to expand its reach in Pakistan and, in future, access some Central Asian markets. FrieslandCampina already has operations in Mozambique, Sri Lanka, Singapore, Guinea, Libya and the United Arab Emirates.[6][4]
In July 2019, the company changed its name to FrieslandCampina Engro Pakistan.[7]
Brands[edit]
- Olper's[2][4]
- Olper's Lite[4]
- Omoré (frozen dessert)[2][4]
- Dairy Omung[4]
- Omung Lassi[2]
- Tarang[8][2]
Plants[edit]
The company operates two processing plants in the following cities of Pakistan:
References[edit]
- ^ a b Hussain, Dilawar (14 December 2015). "Striving to beat competition in packaged milk industry". DAWN.COM.
- ^ a b c d e "Engro Foods Limited (a profile)". Business Recorder. 6 October 2015. Retrieved 18 June 2021.
- ^ "Restructuring and regrouping: Engro Foods addresses supply chain weakness". The Express Tribune. 4 August 2013. Retrieved 18 June 2021.
- ^ a b c d e f FRIESLANDCAMPINA ENGRO PAKISTAN LIMITED (FCEPL) - stock quote and company business summary on MarketScreener.com website Retrieved 18 June 2021
- ^ "Engro offers 27 million shares for sale". Brecorder. 28 June 2011.
- ^ a b "Dutch firm buys Engro Foods for $450m". Dawn. 5 July 2016. Retrieved 18 June 2021.
- ^ "Engro Foods now becomes FCEPL". Business Recorder. 10 July 2019. Retrieved 18 June 2021.
- ^ "Corporate results: Engro Foods' struggle continues". The Express Tribune. 21 October 2014. Retrieved 18 June 2021.
- ^ Shahbaz Rana (6 June 2017). "Engro hints at closing milk plant in Sukkur as tax policies bite". The Express Tribune. Retrieved 18 June 2021.
- ^ "Engro Foods opens its doors to Punjab parliamentarians". Business Recorder. 23 April 2019. Retrieved 18 June 2021.
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- 2016 mergers and acquisitions
- Companies listed on the Pakistan Stock Exchange
- Dairy products companies of Pakistan
- Engro Corporation
- Food and drink companies established in 2005
- FrieslandCampina subsidiaries
- Food and drink companies based in Karachi
- Manufacturing companies based in Karachi
- Mergers and acquisitions of Pakistani companies
- Pakistani companies established in 2005
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