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04 April 2004
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Sunday
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13 Safar 1425
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PFL pre-bid conference tomorrow
By Our Reporter
ISLAMABAD, April 3: The Privatization Commission is holding a pre-bid conference for the privatization of 94.8 per cent shares of Pak-Arab Fertilizer (Pvt) Limited (PFL) on Monday at the PC conference room, Islamabad.
According to a handout issued here on Saturday, the conference would be participated by pre-qualified parties. Pak-Arab Fertilizer is a 52pc GoP (through National Fertilizer Corporation) owned public company, located at Khanewal Road, Multan. International Petroleum Investment Company (IPIC) of the UAE owns 48pc shares.
Four parties, which have already been pre-qualified, include: Nishat Chunian Limited/ Umer Fabrics, Fatima Group of Companies, Dawood Hercules Chemical Limited and Employees Management Group, which is conditionally pre-qualified.
The company was incorporated in 1973 with a paid-up capital of Rs743.061 million. PFL is the largest fertilizer complex in Pakistan and the only factory producing calcium ammonium nitrate (CAN) and nitro-phosphate (NP), commonly known as compound fertilizer. Raw materials for manufacture of the fertilizers are natural gas supplied by Sui Northern Gas Pipelines Limited through its transmission network and rock phosphate imported form Jordan/Morocco.
The site area comprises 301.47 acres, which includes area for factory and housing colony. The annual capacities of the products are: ammonia 316,800 tons; nitric acid 455,400 tons; nitro-phosphate 304,500 tons; calcium ammonium nitrate 450,000 tons; and urea 92,400 tons.
At present the company's products are being marketed through National Fertilizer Marketing Limited, a government-owned company.
The fertilizer sector offers strong opportunities for further development by private sector entrepreneurs. The plant is operating at excellent efficiency levels, which are, on the average, above the installed capacity. All the plants are in sound condition.
The location of the plant is ideal to supply fertilizer not only in central Pakistan, but also to the Iranian Balochistan and CIS states.
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