Notice is hereby given that the 23rd Annual General Meeting of the shareholders of Fauji Fertilizer Bin Qasim Limited will be held on 28 Mar 2017 at Imperial Hall, Jacaranda Family Club, Sector E, Phase – II, DHA, Islamabad, at 1100 hrs
FFBL is dedicated to Chemistry as the core foundation of our business. This relates to our actual business; how we interact and develop our work relations. The Chemistry between people matters.
We have grown from strength to strength due to our sheer tenacity. We were confronted with challenges but emerged triumphantly. Our approach is dynamic, pragmatic and innovative.
The successful revamping of the Ammonia, Urea and DAP Plants are clear testimony to this. We took a bold step by being the first Pakistani Company to enter into a Joint Venture Project for Phosphoric Acid with Morocco in 2008. This has proven to be a huge asset for the company. We continue to sustain our growth strategically.
In the last decade, we focused on strategic targets to diversify our core business and grow exponentially. We will become pioneers in Meat, Dairy and Coal based Energy Generation sectors.
We are totally committed to safeguarding the shareholder’s interest and investment.
We have open and transparent forums to discuss the diversification progress.
Our commitment and dedication to the company is outstanding. We will continue to strive for excellence collaboratively.
We wish all the staff, management and shareholders continued success.
Lt Gen Javed Iqbal (Retd) HI(M)
Chief Executive & Managing Director
Fauji Fertilizer Bin Qasim Limited is a Public Limited Company incorporated under Companies Ordinance 1984. It has a modern Granular Urea and Di-Ammonium Phosphate (DAP) fertilizers manufacturing complex, built at a cost of US$ 468 Million and located in Eastern Zone of Bin Qasim, Karachi, with Head Office at DHA-II, Islamabad.
DAP Plant brought to suspension in 2001 due to accumulated loss of Rs. 6.5 Billion. It resumed production in Sep 2003, after a lapse of 2 years.
FFBL also have membership of industry association and trade bodies;
Incorporation of the Company
Initially named as FFC-Jordan Fertilizer Company (FJFC), wef 17th Nov 1993, with FFC (30%), FF (10%) and JPMC (10%) as main sponsors.
Commencement of commercial production is Successful.
Listed with Stock Exchanges in 1996 at
Renamed as Fauji Fertilizer Bin Qasim Ltd., as Jordan Phosphate Mines Co. (JPMC) had sold its entire equity in the company.
Successful commissioning of Desulphurization Project Agreement with Office Cherifien des Phosphates’ (OCP), Morocco for supply of raw material (P2O5)
The company turned out to be profitable after 3 years and declared ‘maiden dividend’ in 2004.
Joint venture with ‘Office Cherifien des Phosphates’ (OCP), Morocco to incorporate ‘Pakistan Maroc Phosphore S.A’ (PMP) costing 2,030 million Moroccan Dirhams with equity participation of 25%
Achieved ISO Certification in
Successful completion of Ammonia BMR resulting in increased production of Ammonia by 23% from 1,270 MT to 1,570 MT and Urea by 15% from 1,670 MT to 1,920 MT per day
DAP Revamp resulting in increased production by 51% from 1,472 MT to 2,232 MT per dayStart of PMP’s commercial production and shipment to FFBL in April 2008 and May 2008 respectively
Investment in Fauji Cement Company Limited
Investment in Wind Power Projects
Successful implementation of SAP- ERP system, evolving excellence through technological integration
Rewarding year for FFBL, exhibiting highest standards of performance, surpassing all previous records PMP achieved a landmark by producing 382 thousand tonnes of P2O5, surpassing the name plate capacity of 375 thousand tonnes in any year
Incorporation of Fauji Meat Limited and Fauji Foods Limited
Investment in Askari Bank Limited
Highest ever DAP production of 744,436 MT
Incorporation of FFBL Power Company Limited
Received two awards in Corporate Social Responsibility
Bronze Medal in ERP from SAP, Germany
Highest ever DAP production of 72,390 MT in a month
Yearly DAP production 768,004 MT
4th in Chemical sector for best corporate report award by ICAP & ICMAP
Silver Medal in ERP from SAP, Germany.
Investment in Noon Pakistan Ltd
Highest ever yearly DAP production of 791,256 MT
Highest ever yearly DAP sales of 790,622 MT
SAP Bronze Medal Customer COE of the Year Award 2016, Berlin, Germany
4th in chemical sector for Best Corporate Report Award by ICAP & ICMAP
4th position for 2014 and 7th position for 2015 by PSX awarded in September, 2016
Received two awards in Corporate Social Responsibility
1st CSR Award-2016 – SOCIAL IMPACT & SUSTAINABILITY
2nd CSR Award-2016- EDUCATION & SCHOLARSHIPS
The dynamic corporate strategy of FFBL is to enhance customer satisfaction and earn their respect by continuously providing the highest quality of product by adding value in the long run. We are committed to create value for stakeholders through performance and growth by appropriately utilizing combination of resources and skills with respect to changing market conditions.
Our strategy is based on profitable and sustainable growth, building on an unrivaled market position and a unique flexible business model.We continue to honour the confidence and trust of our customers, suppliers and the Government. We are committed to contribute heavily in the national economy and seize opportunities for diversification and growth to build upon our strengths and competencies.
FFBL is focused on fostering an inspiring and innovative performance culture based on our vision and mission, the code of conduct, ethics, sustained progress and our core values. We demonstrate our commitment to employees by promoting and rewarding their efforts based on performance and creating an environment which builds motivation and reflects our values. We develop leaders at all levels that achieve business results, exhibit our values and lead us to grow and win.
Fauji Fertilizer Bin Qasim Limited is committed to support country’s agricultural production and economy by continual improvement and attaining excellence in all areas of its functioning.
The Company Management and all employees are dedicated to practice efficient and Environment friendly process for prevention of pollution and strive to exceed local and international standards on Quality, Health, Safety and Environment.
In order to meet our objectives, we further commit ourselves to achieve full customer satisfaction, meet legal and moral obligations through coordinated efforts as One Team.
Corporate Strategy has helped define the way we interact with our stakeholders. Our Management has promoted our corporate strategy, stressing the need of analyzing the environmental conditions in which we exist. We stand firm in understanding our stakeholders strengths and weaknesses and worked onto a strategic position of outperforming our competitors in all sectors of the business.
A financially stable organization reeps benefits from diverse investments and acknowledgements. We work for a better tomorrow where community investment is a logical gain for the much awaited stakeholders.
Company’s reputation and identity are among the Company’s most valuable assets.
All employees must avoid any personal or business influences that effect their ability to act in the best interests of the Company.
By maintaining the highest level of corporate integrity through open, honest and fair dealings, we earn trust for ourselves from everyone.
Our quality policy is an integral part of our business philosophy and we are committed to provide total customer satisfaction.
Every employee is obligated to protect the assets of the Company.
Documents and records of the Company are part of the Company’s assets and employees are charged with maintaining their accuracy and safety.
Every employee is obligated to protect the Company’s confidential information, which is proprietary to the Company.
Stakeholders are valuable equal partners for us with whom a long-term,fair and trustworthy relationship is built.
We are dedicated through dignity and respect, owe nothing less to each other. We know it well that none of us acting alone can achieve success.
The Company’s activities and operations are carried out in strict compliance with all applicable laws and the highest ethical standards.
We are all responsible for maintaining a safe workplace by following health and safety rules and practices.
Our recruitment policy is based on logical and transparent procedures. We recruit the best, looking at the individual’s skills and qualifications. We head hunt potential candidates who can significantly contribute to our core teams; “Right People for Right Job” . Everyone is given a fair opportunity to perform to the highest standard and progress within the organization.
We assisted and empower our employees need to be equipped with knowledge and skills necessary to meet the challenges of the time. Technical Training Center conducts management development trainings using in-house and outside resources.
Facilities & Benefits
Our employees are provided with all additional welfare-oriented facilities. These include full medical coverage, transport facility, accommodation at Plant Site or in nearby areas, catering of all employees during office hours etc. These services are provided to ensure that employees are committed fully to their jobs.
Sustainable and responsible development has remained our primary concern since inception. FFBL has distinguished itself as a good neighbor, not only have we consistently delivered outstanding returns to our shareholders, we strive hard to be a good employer, to be a catalyst for the social and economic development of the communities in which we operate, and to minimize our environmental impact.
In Nov 2010, after approval by the Board, a long-term CSR Program was launched in collaboration with a renowned NGO, Human Development Foundation (HDF). As per MOU the NGO has to implement all program activities in Ghaggar Phattak Bin Qasim Town, Karachi and FFBL to provide funds up to Rs 49.1 million over a period of 5 years. HDF is engaged in community development activities with special emphasis on health and education promotion.
By the grace of Almighty, the overall performance of the plants remained satisfactory and safe during the year. Gas curtailment remained the biggest challenge especially for the plants on Sui network. The gas curtailment to FFBL however reduced by 12% to 29% in year 2015. This improved production of Ammonia and Urea which is higher by 22% and 42% respectively as compared to last year.
Due to better gas supply, FFBL achieved record breaking production of 768,004 Metric Tonnes (MT) as compared to 701,841 MT of DAP last year higher by 9%.
Financial Highlights (For the Year Ended December 31, 2015)
|Details||2016 (Rs '000')||2015 (Rs '000')||2014 (Rs '000')||2013 (Rs '000')|
|Sales - net||45,011,359||52,182,072||49,445,256||54,455,168|
|Cost of sales||(43,792,387)||(44,967,864)||(38,353,303)||(39,942,664)|
|Profit for the Year||1,338,308||4,061,587||4,016,326||5,613,011|
per Share (Rs.)
|2017 (Rs.)||2016 (Rs.)||2015 (Rs.)||2014 (Rs.)||2013 (Rs.)||2012 (Rs.)||2011 (Rs.)|
|Fauji Fertilizer Company Limited||465,891,896||49.88|
Wings Arcade, 1-K, Commercial,
Phone #: +92 42 35916714, 35916719
Fax #: +92 42 35869037
Free-Float of shares of FFBL as on September 30, 2017 is 293,653,584 shares.
Fauji Foundation today runs more than 18 industries, the income from which is utilized to serve about 9 million beneficiaries (5 % of country’s population). Generally, more than 80 percent of the income goes towards the welfare activities every year.
Welfare is conducted through health care, education and vocational/technical training centers located throughout the country. Presently, the foundation operates 115 Medical Facilities, 100 Schools & Colleges, 65 Vocational Training Centers and 9 Technical Training Centers across the country.
FFBL Registration # 0031523
FFBL NTN: 0657297-9