Last update: Wed, 01 Jun 2016 06am

Company News: Pakistan


National Refinery Limited (PSX: NRL) was incorporated on August 19, 1963 as a public limited company. The government took over the management of NRL under the Economic Reforms Order, 1972 exercising control through its shareholding in State Petroleum Refining and Petrochemical Corporation (PERAC).
ImageFauji Cement is one of the leading manufacturers of cement in Pakistan carrying 8 percent of cement production in the sector. The company was incorporated in1992 and started production operations in 1997 with a capacity of 3,150 tons per day. The plant is located in Jhang Bahtar, Punjab. The company increased capacity in 2005, adding 735 tons per day to existing capacity to bring it up to 3,885 tons per day. FCCL introduced another production line in 2011 with a capacity of 7,560 tons per day. Annual production today stands at 3.43 million tons in cement and 3.27 million tons in cement making, it the fourth largest cement producer in Pakistan.
ImageLeisure Club, locally-sourced and stitched western clothing for boys and girls of Pakistan was founded in 1997 by SEFAM Private Limited. BR Research met with Leisure Club's core team, senior brand manager - Omar Badi-uz-Zaman, and senior general manager - Omer Chaudry for a discussion over family businesses, apparel retail in Pakistan, and the group's history, successes and challenges.
ImageEhsan Malik is a known name in business circles with an illustrious career in Unilever, where he was the CEO and Chairman for 9 years of the businesses in Pakistan; he had previously led Unilever Sri Lanka for 4 years and spent a total of 25 years with the global FMCG. Ehsan is a CA and alumnus of the Harvard and Wharton Business Schools. He was appointed as the new CEO of the Pakistan Business Council earlier this year and sat down with BR research for a chat about PBC's improved vision, his outlook on CPEC and the economy in general, and the business climate.
ImageAttock Cement is a prominent player in the cement industry and a shining star of the southern region with the company's facility located in Hub, Balochistan. The company established set-up in 1981 as a result of a joint venture between Pakistan and Saudi Arabia with an initial capital outlay of Rs1.5 billion including a foreign exchange component of $45 million and started commercial production in 1988 with a plant capacity of 2,000 tons per day of clinker. It has since kept its pace with the cement sector in Pakistan beefing up its capacity with modernisation. The current Hub facility has a production capacity of 1.74 million tons per annum.
ImageDG Khan Cement Company Limited (DGKC) is one of the largest cement producers in Pakistan and holds about 11 percent of domestic market share and nine percent of export share today. Part of the Nishat group, DGKC manufacturing facilities operates from Dera Ghazi Khan and Khairpur, Punjab. The two plants together have a capacity of 134,000 tons per day; 6,700 tons per day clinker each. In total DGKC has a clinker capacity of 4.22 million tons and 4.02 million tons in cement capacity. It is the only cement company in Pakistan certified for both ISO 9002 and ISO 14001.
ImageSitara Energy Limited (SEL) was incorporated in 1991 with commercial operations starting in October 1995. The company deals in generation and distribution of electricity with the head office based in Karachi. The power plant is located at Tehsil Jaranwala, Faisalabad.