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28 March 2004
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Sunday
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06 Safar 1425
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Pre-bid moot for PFL on April 5
By Our Reporter
ISLAMABAD, March 27: The Privatization Commission is holding a pre-bid conference for the sale of 94.8 per cent shares of Pak-Arab Fertilizer Limited (PFL) on April 5.
According to a PC handout issued here on Saturday the moot would be participated by four pre-qualified parties which include Nishat Chunian Limited/Umer Fabrics, Fatima Group of Companies, Dawood Hercules Chemical Limited and Employees Management Group, which is conditionally pre-qualified.
The state-run National Fertilizer Corporation holds 52 per cent stake in PFL, while the remaining 48 per cent is held by International Petroleum Investment Company (IPIC) of UAE.
The company was incorporated in 1973 with a paid-up capital of Rs743.061 million. It is the largest fertilizer complex in Pakistan and the only factory producing Calcium Ammonium Nitrate (CAN), Nitro-Phosphate (NP) and Urea.
The company is located at Khanewal Road, Multan. The site area comprises 302 acres, which includes area for the factory and the housing colony, which is owned by the company.
The annual production capacities are: ammonia 316,800 tons, Nitric acid 455,400 tons, Nitro-phosphate 304,500 tons, Calcium Ammonium Nitrate 45,000 tons and Urea 92,400 tons.
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