FrieslandCampina Engro Pakistan

FrieslandCampina Engro Pakistan Limited (FCEPL) is a Pakistani dairy company which is a subsidiary of Dutch multinational corporative FrieslandCampina. It is based in Karachi, Pakistan. Its main product brands includes Olper's, Omoré, Dairy Omung, and Tarang.[1]

FrieslandCampina Engro Pakistan
Formerly
Engro Foods (2005-2019)
Public
Traded asPSXFCEPL
IndustryDairy
Founded2005; 15 years ago (2005)
HeadquartersKarachi, Pakistan
ProductsOmoré
ParentFrieslandCampina (51%)
Websitewww.frieslandcampina.com.pk

HistoryEdit

The company was founded as a subsidiary of Engro Corporation in 2005.[2] The company was still struggling to reach consumers due its weak supply chain.[3]

In 2016, Dutch dairy co-operative, Friesland Campina, acquired 51 percent stake in the company for US$450 million.[4] The intends to expand its reach in Pakistan and in future access Central Asian markets.[4]

In July 2019, the company changed its name to FrieslandCampina Engro Pakistan.[5]

PlantsEdit

The company operates two processing plants in the following cities:

ReferencesEdit

  1. ^ "Corporate results: Engro Foods' struggle continues". The Express Tribune. October 21, 2014.
  2. ^ "Engro Foods Limited". October 6, 2015.
  3. ^ "Restructuring and regrouping: Engro Foods addresses supply chain weakness". The Express Tribune. August 4, 2013.
  4. ^ a b Correspondent, Our Equities (July 5, 2016). "Dutch firm buys Engro Foods for $450m". DAWN.COM.
  5. ^ "Engro Foods now becomes FCEPL". July 10, 2019.
  6. ^ "Engro hints at closing milk plant in Sukkur as tax policies bite". The Express Tribune. June 6, 2017.
  7. ^ "Engro Foods opens its doors to Punjab parliamentarians". April 23, 2019.