Privatisation Commission will hold pre-bid conference here on April 5, 2004 for the privatisation of Pak Arab Fertilizer (Private) Limited (PFL) for sale of 94.8 percent shares on 'as is where is' basis.
Pak Arab Fertilisers (Private) Limited is 52 percent GOP (through National Fertiliser Corporation) owned public company, located at Khanewal Road, Multan, in Punjab Province. International Petroleum Investment Company of UAE (IPIC) owns the balance 48 percent shares.
Four parties which have already been pre-qualified to take part in the conference 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 Rs 743.061 million. PFL is the largest fertiliser complex in Pakistan and the only factory producing Calcium Ammonium Nitrate (CAN) and Nitro-phosphate (NP) commonly known as compound fertiliser.
Raw materials for manufacture of fertilisers are natural gas supplied by Sui Northern Gas Pipelines Limited through its transmission network and rock phosphate imported from Jordan/Morocco.
The project is located at Khanewal Road, Multan. The site area comprises 302 (301.47) acres, which includes area for the factory and the housing colony, which is owned by the company.
The company produces Nitro-phosphate (NP), Calcium Ammonium Nitrate (CAN) and Urea.
The annual capacities of the products are Ammonia 316,800 metric tonnes, Nitric acid 455,400 metric tonnes, Nitrophosphate 304,500 metric tonnes, Calcium Ammonium Nitrate 450,000 metric tonnes and Urea 92,400 metric tonnes.
Currently the company's products are being marketed through the National Fertiliser Marketing Limited (NFML), a government owned company responsible for marketing the fertiliser production of all the government owned fertiliser-manufacturing units.