Fatima Fertilizer Company
Pakistani joint venture company
From Wikipedia, the free encyclopedia
Fatima Fertilizer Company Limited is a fertiliser manufacturer headquartered in Lahore, Pakistan. It was established in 2003 as a joint venture between the Fatima Group and the Arif Habib Corporation.[1][2][3]
| Company type | Public |
|---|---|
| PSX: FATIMA | |
| ISIN | PK0091601010 |
| Industry | Fertilizer |
| Founded | 2003 |
| Headquarters | Lahore, Pakistan |
Area served | Pakistan |
Key people | Arif Habib (Chairman) Fawad Ahmed Mukhtar (CEO) |
| Revenue |  Rs. 266 billion (US$950 million) (2024) |
| Rs. 36 billion (US$130 million) (2024) | |
| Total assets | Rs. 317 billion (US$1.1 billion) (2024) |
Number of employees | 2,597 (December 2020) |
| Parent | Fatima Group & Arif Habib Group |
| Website | www |
The company manufactures, sells, imports, and exports fertilisers and chemicals.[3][4] Its production includes two intermediary products, ammonia and nitric acid, and three final products: urea, calcium ammonium nitrate, and nitro phosphate. Pakistan's fertilizer sector is oligopolistic, with nine companies in operation. Fatima Fertilizer is the third-largest player with a market share of about 6.1%.[5] A major factor in its profitability is an exclusive gas supply contract from the Mari Gas Field, operated by Mari Petroleum.[6]
Operations
Fatima Fertilizer runs three plants in Sadiqabad, Multan, and Sheikhupura; the latter was acquired in 2015 from Dawood Hercules Corporation.[7][8] It also holds an equity stake in Midwest Fertilizer Company in Indiana, United States, through a Singapore-based subsidiary.[9]
Expansion
The company plans to build a new urea plant at Port Qasim with an investment exceeding US$500 million, which will add one million tons to its annual capacity.[10] Fatima Group has also partnered with Algeria's Sonarem to develop phosphate reserves at Bir el Ater, and jointly with Lucky Cement has acquired a 66.66% stake in National Resources (Pvt) Limited, a Balochistan-based mineral exploration company.[11][12]