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 Corporate Profile ICI IN PAKISTAN
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CORPORATE PROFILE

ICI IN PAKISTAN

May 20 -June 02, 2002

ICI was formed on December 7, 1926, by the merger of four of the largest chemical companies in the UK, Brunner Mond & Company Limited, Nobel Industries Limited, British Dyestuffs Corporation Limited and United Alkali Company Limited. The ICI Group is one of the world's largest producer of specialty products and paints with over 50,000 products and more than 200 manufacturing facilities in over 55 countries worldwide. With the completion of its transformation process, which began in 1997, there has been a decisive shift away from commodity chemicals towards specialty products tailored to customers' needs.

The portfolio concentrates on foods, personal care, specialty polymers, electronic materials, fragrances, flavours and decorative coatings.

ICI Pakistan Limited is a Subsidiary of ICI Plc, UK. It was set up as a public limited company in Pakistan in 1952. ICI's presence in this part of the world, however, predates the formation of the public limited company and indeed, Pakistan itself. Today, ICI Pakistan manufactures and sells a range of industrial and consumer products, including, Polyester Staple Fibre, Soda Ash, Sodium Bicarbonate, Paints, Specialty Chemicals, Agrochemicals, and arranges manufacture on a toll basis of Pharmaceutical products as well as trading in various specialised chemicals including Polyurethanes, Acrylics and Titanium Dioxide for use in industries in Pakistan. In 2001 the Company's PTA Business was demerged to be housed in Pakistan PTA Ltd which is also an ICI Plc subsidiary. This business was set up in 1995 and a USD 490 m PTA Manufacturing facility at Port Qasim was commissioned in 1998. ICI Pakistan has a 25% shareholding in Pakistan PTA Ltd which is a public quoted company.

The turnover of ICI Pakistan Limited for the year ended 31 December 2001 was Rs 12.8 bn and gross assets employed amounted to Rs 14.98 bn. It is one of the largest quoted companies on the Karachi, Lahore and Islamabad Stock Exchanges with a paid-up share capital of Rs 1.4 bn. The Company has 1421 direct employees and over 1400 people provide services through contractual arrangements. ICI Pakistan has a proud history of sustained investments in the Pakistan economy in basic manufacture.

With annual sales of Rs 12.8 bn in Pakistan and progressive profit improvement. ICI Pakistan's operations create value for over 21,000 Pakistani shareholders.

As a good corporate citizen. ICI Pakistan is committed to the development of the country and the community and is sensitive to the needs for social development and community services. The Company cares for its employees and the communities it operates in. Social initiatives include educational assistance, medical care facilities and support to community developmental projects.

For ICI Pakistan, the safety of its stakeholder is of utmost importance. It is this Challenge that drives the stringent rules that safeguard the company's stakeholders and protect the environment in which we all live and work.

SODA ASH BUSINESS 1944-2002

2002 marks the 58th Anniversary of ICI Pakistan's Soda Ash Plant in Khewra. While the initial work on setting up the plant dates back to 1929, commercial production began in 1944.

The original plant capacity of 18 ktpa has been increased to 225 ktpa, through a number of expansion projects. The most recent expansion included installation of DCS Control System, 5.2 MW co-generation installation and debottlenecking of various units, at a cost of Rs. 525 million.

To improve the quality of product and operating efficiencies 'Total Quality' was introduced in 1985. Management initiatives and consistency of manufacturing excellence led to the ISO-9002 certification for the Soda Ash Business in 1999.

The product range was diversified in 1995 with the commissioning of a 10,000 tonnes of Refined Sodium Bicarbonate plant.

The Soda Ash Business strives for continuous improvement of its already excellent Safety, Security, Health and Environment (SSHE) record. In 1998, ICI Pakistan was the joint winner of the ICI plc; Chief Executive's Safety Award through the Soda Ash submission of 'SITARA', a project that focused on safety through teamwork. In 2001 & 2002 the Soda Ash Business was the recipient of ICI Leadership Award for sustained SHE Excellence.