FAUJI FERTILIZER COMPANY
Dec 27, 2010 - Jan 2, 2011
Fauji Fertilizer Company Limited (FFC) is the largest urea manufacturer in the country. It was incorporated in 1978 as a joint venture between Fauji Foundation (a leading charitable trust in Pakistan) and Haldor Topsoe A/S of Denmark. The Company is operating three world scale urea plants with an aggregate design capacity of over 2 million metric tonnes per annum.
In 1993 FFC together with Fauji Foundation participated in establishment of country's only granular urea and DAP complex at Port Qasim, Karachi. The new company, Fauji Fertilizer Bin Qasim, FFBL, (formerly FFC-Jordan) is designed to produce 551,100 metric tonnes of granular urea and 675,000 metric tonnes of DAP.
FFC also markets the entire production of FFBL under its brand name "SONA". Thus FFC's Marketing Group, the largest marketing network in the country, markets nearly 3.8 million metric tonnes of fertilizer per annum including the imported Phosphate and Potash fertilizers.
FFC holds 50.88% stake in FFBL and 12.63% stake in Fauji Cement. Besides it holds 12.5% stake in Pakistan Maroc Phosphore SA (PMP) in Morocco which meets the entire raw material requirement of FFBL's DAP production. FFC is listed on all the stock exchanges of the country and is amongst the top 25 companies of Karachi Stock Exchange for the last fifteen years.
FFC WIND POWER PROJECT
In pursuance of its vision of business diversification FFC ventured into the energy sector in 2009 by incorporation of FFC Energy Limited,(FFCEL) in November 2009. Earlier FFC had acquired on lease 1300 acres of land near Jhimpir, District Thatha in Sindh in March 2007. The company signed contracts of Engineering, Procurement and Construction (EPC) and Operations and Maintenance (O&M) with Nordex of Germany in February 2010. Nordex is one of the leading manufacturer of Wind Turbines in the world and has over 4000 Nordex Wind Turbines with a total rated output of 5720 MW already operating in 34 countries of the world. FFCEL has acquired the tariff approval from NEPRA and is set for financial close shortly. This Fast Track Project, once operational, shall provide cleaner and sustainable energy and help address electricity shortage in the country. FFC has further plans to develop and establish more renewable energy projects in Pakistan . To that end it has already obtained letter of Intent (LOI) of additional 100 MW Wind Power Projects from the Alternate Energy Development Board (AEDB). The project once operational will be the 1st 'Complete Project' of this magnitude in the field of renewable energy in general and Wind Power in particular.
FFC CONTRIBUTIONS TO SOCIETY
FFC, as a responsible corporate citizen, integrates health, safety, sustainable social and environmental concerns and economic benefits into its business operations. Company adheres to all ethical standards and international norms by proactively promoting public interest and encouraging community growth and development.
Significant FFC initiatives in education sector include, Sona Public School which was established at cost of Rs. 36 million and provides quality education for community around plant site. Company has also adopted 14 Government Schools. FFC also gives Scholarships to wards of farmers throughout the country and to students in areas around plant sites.
In Health Sector company has established Sona Hospital at the cost of Rs. 24 million and a Coronary Care Unit (CCU) at cost of Rs. 17 million for the community. Another hospital, Hazarat Bilal Trust Hospital, is financed jointly by company and employee donations.
Another unique social contribution by FFC is the free provision of agronomic services including free soil/water testing to the farmers through its Farm Advisory Centres. The Company has also been actively participating in relief activities during national disasters. In recent times Company has provided Rs. 70 million to the IDP's in 2009 and has contributed about Rs. 200 million for flood relief activities in 2010.