FrieslandCampina Engro Pakistan
Pakistani subsidiary of a foreign company
From Wikipedia, the free encyclopedia
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's headquarters, located in the Harbour Front Building (left tower) of Dolmen City. | |
| Formerly | Engro Foods (2005–2019) |
|---|---|
| Company type | Public |
| PSX: FCEPL KSE 100 component | |
| Industry | Dairy |
| Founded | 2005 |
| Headquarters | Karachi-75600, Pakistan |
Key people | Abdul Samad Dawood (chairman) Kashan Hasan (CEO) |
| Products | Dairy Omung, Olpher's, Omoré, Tarang |
| Revenue |  Rs. 100.23 billion (US$360 million) (2023) |
| Rs. 6.117 billion (US$22 million) (2023) | |
 Rs. 1.509 billion (US$5.4 million) (2023) | |
| Total assets | Rs. 41.886 billion (US$150 million) (2023) |
| Total equity | Rs. 14.176 billion (US$51 million) (2023) |
| Owner | FrieslandCampina (51%) Engro Corporation (40%) |
Number of employees | 1310 (2023) |
| Parent | Engro Corporation FrieslandCampina |
| Website | frieslandcampina |
| Footnotes / references Financials as of 31 December 2023[update] [1] | |
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]
