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Cover Story
Teamwork behind every success, says Shaukat Mirza

INTERVIEWS

   Shaukat Mirza - Former Chief
    Executive, Engro Chemical
    Pakistan.
    Mian Mohammed Latif -
     Chief Executive, Chenab Group.
    Alireza - MD, Shabbir Tiles.
    Ahmed Dawood -
     Chairman Dawood Group.
    Fazle Hassan -
     Director,  (IBA) Karachi.
    Zubyr Soomro - President, 
     UBL.
    Masood Hashmi -
     Deputy Managing Director,
     Orient McCann-Erickson.

Combined efforts make the best use of available resources

By SHABBIR H. KAZMI
Sep 13 - 19, 1999 

Shaukat R. Mirza has been termed the main driving force at Engro Chemical Pakistan. His success can be gauged with the achievements of the Company. Engro has been the regular recipient of Top 25 Companies Award by Karachi Stock Exchange and Corporate Excellence Award by the Management Association of Pakistan. Despite being proud of the performance of the Company he takes hardly any credit and says "It's a teamwork".

Engro has been in operation for over 30 years. It is the story of service to the nation, corporate excellence, tremendous growth and substantial benefits for the shareholders. The early nineties was a turning point in the history of the Company when Exxon decided to divest its equity in favour of employees and national and international financial institutions. With Exxon’s technological support, the company completed a major expansion in October 1993, which more than doubled the plant capacity to 600,000 tonnes a year. The endeavour continues as the capacity further increased to 850,000 tonnes. The work is going on to further expand the capacity to one million tonne a year. Engro has also diversified by building a jetty and bulk liquid chemical terminal and PVC resin manufacturing.

How do the people, who matter, look at Engro performance? At the inauguration of expansion plant in 1993, J. E. Akitt, Executive Vice President of Exxon Chemical said, "Collectively you have achieved a goal which appeared beyond reach — or even imagination — in 1989. The vision, drive and dedication of your management combined with the support of every employee in your organization has set an example for private sector enterprise throughout Pakistan and South Asia."

Sir William Ryrie, the then Executive Vice President of International Finance Corporation said, "The buyout in 1991 by Engro’s employees from Exxon, one of the world’s largest corporations, presented a tremendous challenge to all involved." The efforts were applauded by Morley G. Handford, Vice President, fertilizer business world-wide of Exxon Chemical, when he said, "You confidently put together a splendid Rs 3 billion, world scale ammonia/urea project. You built it safely, cost effectively and in record time. This is a world-class achievement, comparable to projects anywhere in the world."

It is being said that Engro’s success has been the quality of its human resources who have been working in a corporate environment with a long term vision, a set of values and ever challenging business goals. The vision envisages being the best in satisfying customers’ needs, being an effective team of highly motivated and committed employees, expanding the business, providing growth in real earnings and being highly respected by the community.

Since employees buyout in 1991, the Company has invested over US$ 250 million in urea plant located in Daharki. Aside from the increase in fertilizer production capacity, the Company has diversified its business. Engro has formed two joint ventures with world class international companies. These projects are Engro Paktank and Engro Asahi Polymer. The foreign investors agreed to form joint ventures at a time even the local investors were shy. This was only due to their faith in the management of Engro. Though, the Company is not a multinational it has a multinational culture. It is committed to grow in Pakistan by practicing modern management techniques, making sizable investment and bringing in new technologies.

However, the sector experts say that the team leader, Shaukat R. Mirza, has been the main driving force. But, he says: "It is the team work and I would not like to take any credit. I could have not done this alone. My team members not only worked hard but also provided the strength to accept the challenge." Engro made two accomplishments around the same time, buyout of Exxon equity and relocation of plants. It was the vision that helped in relocating the plant, as the management knew that the subsidy on gas would not be available for long. Similarly, the diversification into bulk liquid chemical storage and PVC resin manufacturing was based on the fertilizer sector outlook which indicated a saturation point in urea production. All the ventures have been supported by the equity participants and lenders because they have faith in Engro.

The flag is being carried forward by Zaffar A. Khan who has replaced Mirza as Chief Executive of the Company in July 1997. There cannot be any alternative to hard work to achieve excellence and retain the top position. Performance of Engro has been recognized by the Karachi Stock Exchange and the Management Association of Pakistan. The Company has been a regular recipient of these awards.B

Shaukat R. Mirza has been termed the main driving force at Engro Chemical Pakistan. His success can be gauged with the achievements of the Company. Engro has been the regular recipient of Top 25 Companies Award by Karachi Stock Exchange and Corporate Excellence Award by the Management Association of Pakistan. Despite being proud of the performance of the Company he takes hardly any credit and says "It's a teamwork".

Engro has been in operation for over 30 years. It is the story of service to the nation, corporate excellence, tremendous growth and substantial benefits for the shareholders. The early nineties was a turning point in the history of the Company when Exxon decided to divest its equity in favour of employees and national and international financial institutions. With Exxon’s technological support, the company completed a major expansion in October 1993, which more than doubled the plant capacity to 600,000 tonnes a year. The endeavour continues as the capacity further increased to 850,000 tonnes. The work is going on to further expand the capacity to one million tonne a year. Engro has also diversified by building a jetty and bulk liquid chemical terminal and PVC resin manufacturing.

How do the people, who matter, look at Engro performance? At the inauguration of expansion plant in 1993, J. E. Akitt, Executive Vice President of Exxon Chemical said, "Collectively you have achieved a goal which appeared beyond reach — or even imagination — in 1989. The vision, drive and dedication of your management combined with the support of every employee in your organization has set an example for private sector enterprise throughout Pakistan and South Asia."

Sir William Ryrie, the then Executive Vice President of International Finance Corporation said, "The buyout in 1991 by Engro’s employees from Exxon, one of the world’s largest corporations, presented a tremendous challenge to all involved." The efforts were applauded by Morley G. Handford, Vice President, fertilizer business world-wide of Exxon Chemical, when he said, "You confidently put together a splendid Rs 3 billion, world scale ammonia/urea project. You built it safely, cost effectively and in record time. This is a world-class achievement, comparable to projects anywhere in the world."

It is being said that Engro’s success has been the quality of its human resources who have been working in a corporate environment with a long term vision, a set of values and ever challenging business goals. The vision envisages being the best in satisfying customers’ needs, being an effective team of highly motivated and committed employees, expanding the business, providing growth in real earnings and being highly respected by the community.

Since employees buyout in 1991, the Company has invested over US$ 250 million in urea plant located in Daharki. Aside from the increase in fertilizer production capacity, the Company has diversified its business. Engro has formed two joint ventures with world class international companies. These projects are Engro Paktank and Engro Asahi Polymer. The foreign investors agreed to form joint ventures at a time even the local investors were shy. This was only due to their faith in the management of Engro. Though, the Company is not a multinational it has a multinational culture. It is committed to grow in Pakistan by practicing modern management techniques, making sizable investment and bringing in new technologies.

However, the sector experts say that the team leader, Shaukat R. Mirza, has been the main driving force. But, he says: "It is the team work and I would not like to take any credit. I could have not done this alone. My team members not only worked hard but also provided the strength to accept the challenge." Engro made two accomplishments around the same time, buyout of Exxon equity and relocation of plants. It was the vision that helped in relocating the plant, as the management knew that the subsidy on gas would not be available for long. Similarly, the diversification into bulk liquid chemical storage and PVC resin manufacturing was based on the fertilizer sector outlook which indicated a saturation point in urea production. All the ventures have been supported by the equity participants and lenders because they have faith in Engro.

The flag is being carried forward by Zaffar A. Khan who has replaced Mirza as Chief Executive of the Company in July 1997. There cannot be any alternative to hard work to achieve excellence and retain the top position. Performance of Engro has been recognized by the Karachi Stock Exchange and the Management Association of Pakistan.