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.[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]
Brands
Plants
The company operates two processing plants in the following cities of Pakistan:
References
- FrieslandCampina Engro Pakistan Annual Report 2023 retrieved 18 May 2024^
- Dilawar Hussain. Striving to beat competition in packaged milk industry DAWN.COM, 14 December 2015^
- Engro Foods Limited (a profile) Business Recorder, 6 October 2015, retrieved 18 June 2021^
- Farhan Sharif, Khurrum Anis. Pakistan's Engro Foods Plans to Expand Overseas, Raise Exports Bloomberg, June 3, 2010^
- Engro offers 27 million shares for sale Brecorder, 28 June 2011^
- IPO anniversary: A year on, Engro Foods wins over the sceptics The Express Tribune, 13 August 2012^
- Dutch firm buys Engro Foods for $450m Dawn, 5 July 2016, retrieved 18 June 2021^
- Restructuring and regrouping: Engro Foods addresses supply chain weakness The Express Tribune, 4 August 2013, retrieved 18 June 2021^
- FRIESLANDCAMPINA ENGRO PAKISTAN LIMITED (FCEPL) - stock quote and company business summary on MarketScreener.com website 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. Engro hints at closing milk plant in Sukkur as tax policies bite The Express Tribune, 6 June 2017, retrieved 18 June 2021^
- Engro Foods opens its doors to Punjab parliamentarians Business Recorder, 23 April 2019, retrieved 18 June 2021^