ISLAMABAD, June 18: The Privatization Commission on Tuesday invited the interested parties to submit their expressions of interest (EoIs) for the acquisition of a minimum 75 per cent share of Lyallpur Chemical and Fertilizers Limited (LCFL), a company established by Pakistan Industrial Development Corporation (PIDC) in 1954.

According to a handout issued here, LCFL was an unlisted public limited company registered under the Companies Ordinance 1984. The company has two units — one each in Faisalabad and Jaranwala. The principle object of the company is to produce sulphuric acid, super phosphate and zinc sulphate.

The Faisalabad plant is situated on the main Faisalabad-Jaranwala road. The unit’s production capacity is: Sulphuric acid 6,000 tons per annum, super phosphate 18,000 tones, and zinc sulphate 1,200 tons per annum.

The Jaranwala plant was rehabilitated and re-commissioned in May 1999. The plant is fully facilitated with metalled roads, telephone, Sui gas and electricity connections. Railway siding is also available in the factory premises, and is linked to Jaranwala to Shorkot railway track.

The unit has production capacity of sulphuric acid 30,000 tons per annum and super phosphate 72,000 ton per annum. LCFL is 75 per cent owned by National Fertilizers Corporation Limited, while Central Chemicals Limited holds the remaining 25 per cent shares.

The authorized, issues and paid-up capital is Rs10 million divided into 1 million shares of Rs10 each. A summary profile is available free cost from the Privatization Commission.

A detailed information memorandum, bid documents and time frame for the pre-bid conference and bidding date will be provided to the interested parties, who furnish their EoIs latest by Monday, July 15, 2002.

Prospective bidders can visit the plants from Wednesday, June 20, 2002 on any working day on prior appointment with the Privatization Commission or LCFL managing director.