Engro Corporation
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| Public ([1]) | |
| Industry | Conglomerate |
| Founded | Basic Foundation: 1957 as Esso/Mobil Joint Venture, Company Incorporated 1965 as Esso Pakistan Fertilizer Company Limited |
| Headquarters | Karachi, Pakistan. |
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Area served
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Pakistan |
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Key people
|
Hussain Dawood Chairman Ghias Khan President and CEO |
| Products | Engro Urea Engro DAP Engro Zorawar Engro Zarkhez Zingro Olpers Olwell Tarang Omore Ice Cream Dairy Omung Olfrute SABZ Avanceon Engro Rupiya Certificate |
| Revenue |
 PKR 157.208 Billion (2016) |
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PKR 69.107 Billion (2016) |
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| Total assets |
PKR 290.333 Billion (2016) |
| Total equity |
PKR 169.091 Billion (2016) |
|
Number of employees
|
3,768 (December 2016) |
| Parent | Dawood Group |
| Website | engro |
Engro Corporation is a Pakistani public multinational corporation based in Karachi with subsidiaries involved in production of fertilizers, foods, chemicals, energy and petrochemicals.
It's major subsidiaries include Engro Fertilizers - which is one of the largest fertilizer manufacturers of the world, Engro Foods which manufactures, processes and markets dairy products, frozen desserts and fruit drinks including the ice cream brand of OMORÉ. Other major subsidiaries include Sindh Engro Coal Mining Company, Engro Powergen Limited and Engro Polymer & Chemicals Limited
In 2013, Engro Corporation made six films which was the remake of six old Pakistani classical films under Tarang Housefull, and to honor these films Tarang Housefull Awards are created.
It was 1957 when in search for oil by Pak Stanvac, an Esso/Mobil joint venture led to the discovery of the Mari Gas field near Daharki Pakistan. Esso proposed the establishment of a urea plant in that area which led to a fertilizer plant agreement signed in 1964. In the subsequent year, Esso Pakistan Fertilizer Company Limited was incorporated, with 75% of the shares owned by Esso and 25% by the general public.
The construction of a urea plant commenced at Daharki in 1966 and production began in 1968. At US $43 million with an annual production capacity of 173,000 tons, it was the single largest foreign investment by a multinational corporation in Pakistan at the time.
In 1978, it was decided to rename the company from Esso Fertilizer Company Limited to Exxon Chemical Pakistan Limited.
In 1991, Exxon decided to divest its fertilizer business on a global basis. The employees of Exxon Chemical Pakistan Limited, in partnership with leading international and local financial institutions, bought out Exxon’s 75% equity. This was at the time and perhaps still is the most successful employee buy-out in the corporate history of Pakistan. Renamed as Engro Chemical Pakistan Limited, the Company has gone from strength to strength, reflected in its consistent financial performance, growth of the core fertilizer business, and diversification into other businesses.
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