P&G ANNOUNCES $100M INVESTMENT AT PQA
PROCTER & GAMBLE IS COMMITTED TO IMPROVING LIVES
Oct 19 - 25, 2009
Four billion times a day, Procter and Gamble (P&G) brands touch the lives of people around the world. The P&G corporate tradition is rooted in the principles of personal integrity and respect for the individual and doing what is right for the long term.
P&G is a Fortune 500 company, one of the world's largest fast moving consumer goods companies in the world and its well-known and trusted brands touch the lives of consumers in more than 180 countries. The P&G community consists of over 135,000 employees working in over 80 countries worldwide.
In Pakistan, the company commenced operations in 1991. Headquartered in Karachi, P&G strives to become the finest global consumer goods company operating locally in Pakistan.
P&G Pakistan has remained committed towards the prosperity of the country and the well-being of its consumers by providing premium quality brands enhancing quality of life. Since setting up operations in Pakistan, the company has consistent investment records in order to deliver on it promise of offering consumers convenient, care, and value.
Since 1989, the total amount invested by P&G Pakistan in assets, working capital, and market development is approximately $100 million. In addition, P&G contributed Rs 5.4 billion to the national exchequer in the form of taxes and duties in 08/09, increasing 26 percent over the previous year. In 1994, P&G acquired a soap-manufacturing facility sprawling over 7 acres of land at Hub, Balochistan. In 2002, the plant tripled its soap manufacturing capacity with an investment of $ 3 million. Furthering its commitment to strengthen presence in Pakistan, an initial investment of about half a million US dollars was made to establish a manufacturing facility with a production capacity of 50 million sachets of the water purifier annually.
The P&G Hub Plant in Pakistan is the only plant that produces PuR and supplies it globally, to date having provided over a billion liters of clean drinking water to countries in need. Today, P&G's Hub Plant is equipped with state-of-the-art manufacturing technology and quality assurance processes and systems reflecting the company's values of safe, hygienic, and ethical manufacturing practices.
P&G has recently announced an investment of approximately US$100 million in its second manufacturing facility at Port Qasim Authority, a green field project comprising of two manufacturing facilities, a laundry detergent and a diaper manufacturing facility. The groundbreaking ceremony was held in December last year and since then construction work on this state-of-the-art-plant has proceeded at a good pace. Being P&G's single largest investment to date in the country, this investment symbolizes the company's confidence that Pakistan will continue to provide a stable and conducive business environment over the long-term reaffirming P&G's commitment to serve the consumers of Pakistan. The current plant will occupy one-third of the 25 acres of the land acquired thereby allowing for a provision for future expansion projects and other plants to serve the domestic market with the full portfolio of P&G products.
P&G places great emphasis on providing responsible care to all its employees, the community and the environment with a long-standing commitment to sustainability. This stems from P&G's Statement of Purpose ˝ to provide branded products and services of superior quality and value that improve the lives of the world consumers, now and for generation to come. At P&G, sustainability is viewed as a significant responsibility as well as a continuous source of opportunity. This is why, from its products to its operations, sustainability is embedded in everything that P&G does.
The new manufacturing site at PQA is also a great example of incorporating an economical and sustainable design that reflects excellent sustainability practices and embraces local cultural norms. Sustainability will be incorporated by providing a productive, pleasing work environment and illustrating how buildings can be designed to reduce greenhouse gas emissions. Responsible, innovative solutions for conditioning and ventilating indoor spaces will take on the challenge of promoting healthy indoor and outdoor environments.
P&G strongly believes in safeguarding the health and safety of its employees and workers. P&G plants operate in line with established global best in class standards and benchmarks. In accordance with these health and safety benchmarks, P&G plant at PQA has so far achieved more than 450,000 safe construction hours without recordable injury. This achievement has been in a period of straight 12 months since the start of plant construction. This result reflects the tremendous efforts by the project team and its construction contractor as well as the efficient leverage of P&G Global Construction safety experts and advisories.
The P&G PQA plant will contribute significantly towards the socio-economic growth of the country. Overall investment in the manufacturing facility will bring about a foreign direct investment of approximately $ 100 million in the manufacturing sector. These plants will realize a handsome incremental revenue stream for the Government of Pakistan in the form of taxes and duties. Moreover, the plant will bring about considerable savings in foreign exchange, a much-needed relief for the country by realizing import substitution. The plant will result in significant local value addition and create a handsome potential business opportunity through extensive development of the local supplier base. About 7,000 employment opportunities will be generated for Pakistanis directly or indirectly through contractual and distribution networks. Given that this plant will be producing P&G brands based on the highest quality standards, consistent with P&G plants across the Globe, the plants have a strong export potential. Last but not the least, the success of this plant will help in improving Pakistan's risk profile and give a powerful signal to the international community and an example for other multi-nationals to follow.
The plant design and construction are progressing well towards a start of the laundry detergent plant aimed for mid of 2010 followed by the diaper plant. The new Pakistan manufacturing site is an important milestone of P&G's commitment to improve the lives of Pakistani consumers now and for generations to come.
While commemorating the World Food Day the Chairman of Shan Foods Pvt. Ltd., issued a special communiqu╚ for its employees and stakeholders to recognize the significance of the Day and that is hunger mitigation around the world.
As the foremost organization in premium quality food exports, Shan acknowledges its added responsibility for alleviating the hardships of the unfortunate hunger stricken people.
World Food Day was proclaimed in 1979 by the conference of the Food and Agriculture Organization (FAO). It marks the date of the founding of FAO in 1945. The aim of the Day is to heighten public awareness of the world food problem and strengthen solidarity in the struggle against hunger, malnutrition, and poverty. In 1980, the UN General Assembly endorsed observance of the Day in consideration of the fact that "food is a requisite for human survival and well-being and a fundamental human necessity".
In his message, the Chairman of Shan Foods, Mr. Sikander Sultan highlighted the significance of the World Food day by saying: "Being a part of the international food business, Shan has this intrinsic commitment to provide healthy, nutritious, tasty, and convenient food products across Asia, Middle East, Europe, and North America. On this World Food Day, I urge the employees to play an inspirational role by ensuring consistent supply of clean, healthy, and quality food to our consumers around the world. In this way Shan will continue to contribute in the war against malnutrition and hunger."
Since its inception in 1981, Shan Foods has rapidly evolved into one of the largest and globally respected food exporters from Pakistan. Beginning with spices, progressive expansions were made into recipe mixtures, pickles, desserts and Aged Basmati Rice.
The company's robust growth was achieved by ensuring the selection of the highest quality raw ingredients from the best growers in the country. Its factory is equipped with the latest in-house lab facilities for quality testing at every stage. The final products are hygienically packed in high-quality packaging for delivery to consumers in farm-fresh condition. Buyers across the world endorse the consistent satisfaction delivered by Shan products.