FrieslandCampina Engro Pakistan

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
FormerlyEngro Foods (2005-2019)
TypePublic
PSX: FCEPL
IndustryDairy products
Founded2005 (2005)
HeadquartersKarachi, Pakistan
ProductsOmoré and many others
Number of employees
1310
ParentFrieslandCampina (51% ownership)
Websitewww.frieslandcampina.com.pk

FrieslandCampina Engro Pakistan produces products such as dairy, ice cream, and frozen desserts.[1] The company also operates a dairy farm.[1]

The company is also promoting small business in dairy farming with collaboration of other organizations.[2]

Brands

History

The company was founded as a subsidiary of Engro Corporation in 2005.[3] The company was still struggling to fully reach consumers due to its weak supply chain.[6][4]

In 2016, Dutch dairy co-operative, Friesland Campina, acquired 51 percent stake in the company for US$450 million.[7] 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.[7][4]

In July 2019, the company changed its name to FrieslandCampina Engro Pakistan.[8]

In 2016, Pakistan was the third-largest milk producing country in the world with an annual production of 38 billion litres of milk. Engro Foods is expected to take advantage of the current trend of market's conversion from loose to packaged dairy products.[7]

Plants

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

References
  1. Hussain, Dilawar (14 December 2015). "Striving to beat competition in packaged milk industry". DAWN.COM.
  2. "HBL, SEDF, FECPL to finance dairy farms". Today 24 News. 18 June 2022. Retrieved 23 April 2023.
  3. "Engro Foods Limited (a profile)". Business Recorder (newspaper). 6 October 2015. Retrieved 18 June 2021.
  4. FRIESLANDCAMPINA ENGRO PAKISTAN LIMITED (FCEPL) - stock quote and company business summary on MarketScreener.com website Retrieved 18 June 2021
  5. "Corporate results: Engro Foods' struggle continues". The Express Tribune (newspaper). 21 October 2014. Retrieved 18 June 2021.
  6. "Restructuring and regrouping: Engro Foods addresses supply chain weakness". The Express Tribune (newspaper). 4 August 2013. Retrieved 18 June 2021.
  7. "Dutch firm buys Engro Foods for $450m". Dawn (newspaper). 5 July 2016. Retrieved 18 June 2021.
  8. "Engro Foods now becomes FCEPL". Business Recorder (newspaper). 10 July 2019. Retrieved 18 June 2021.
  9. Shahbaz Rana (6 June 2017). "Engro hints at closing milk plant in Sukkur as tax policies bite". The Express Tribune (newspaper). Retrieved 18 June 2021.
  10. "Engro Foods opens its doors to Punjab parliamentarians". Business Recorder (newspaper). 23 April 2019. Retrieved 18 June 2021.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.