Engro Foods (Company)

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Article Upload Date: Thu 20 Jun 2019

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 subsides include  Sindh Engro Coal Mining Company, Engro Powergen Limited and Engro Polymer & Chemicals Limited[1] engro - com

Title Description
Details
Type: Public (KSE)
Name : Engro Foods
Name in urdu : اینگرو فوڈز
Industry: Conglomerate
Founded: Basic Foundation: 1957 as Esso/Mobil Joint Venture, Company Incorporated 1965 as Esso Pakistan Fertilizer Company Limited
Headquarter: Karachi, Pakistan
Key People: Hussain Dawood Chairman Ghias Khan President and CEO
Product: 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 184.26 Billion (2015)
Operating income: PKR 13.78 Billion (2015)
Total assets: PKR 196.29 Billion (2015)
Total equity: PKR 85.67 Billion (2015)
Owner: Hussain Dawood
Number of employees: 2,093 (December 2009)
Subsidiaries: Dawood Group


About

Engro Corporation

Engro Corporation

Our values

At Engro, we support our leadership culture through unique systems and policies which ensure open communication, foster an environment of employee and partner privacy, and guarantee the well being and safety of our employees. Our core values form the basis of everything we do at Engro; from formal decision making to how we conduct our business to spot awards and recognition. At Engro we never forget what we stand for.[2] Our values -  Our values  Following are our core values:
  • ethics and integrity
  • health, safety and environment
  • innovation and risk-taking
  • our people
  • community and society
  • consumer centric

HistoryPakistan

Engro Corporation

Engro Corporation

Engro company was established in 2003, after which in 2005 Engro decided to diversify their business more by venturing into the food business by establishing Engro Foods Limited.Engro also ventured into the power generation business by setting up Engro Energy Limited in 2006, which later on was renamed as "Engro Powergen Limited" in 2008. It was established with the basic aim to play Engro's part to tackle the energy crisis in the country.In year 2007, Engro Asahi polymer divested its share in joint venture with Mitsubishi and the company renamed as Engro Polymer and Chemicals Limited.In 2010, keeping in view the immense diversification of Engro Chemical  Pakistan Limited, it was decided to rename the company as Engro Corporation as the holding company.[3] www.rozee - pk

Governance

Our commitment to the highest standards of integrity and transparency shapes our governance framework and processes, which are aligned to the industry's best practices. Every employee at Engro Foods is a part of the governance system and is required to adhere to clearly laid out policies and procedures.[4] Governance -  Governance 

Investing in sustainable change

We believe in doing business with a conscience and leading by example. Therefore, we strive to create economic, societal and environmental value through meaningful investments aimed at impacting lives across a diverse socio-economic spectrum, and bringing about a sustainable change. So as we invest in sustainability and corporate social responsibility initiatives to impact lives and inspire change, all our efforts are geared towards creating real value for our stake-holders by achieving social and economic growth through capacity building and community empowerment.[5] Investing in sustainable change 

Subsidiary

Engro Corporation Logo

Engro Corporation Logo

Engro sold 22% of its shares in Engro Fertilizer in 2016 to local and international investors via an accelerated book build.[6] www.dawn - Com The partial disposal reduces Engro Corporation's holding to 57%, with the money raised being allocated to its energy business.

Expansion

Engro Corporation Mill

Engro Corporation Mill

In the year 2011, Engro Corporation had a major global diversification with the acquisition of US-based company, Al Safa Halal.[7] Express - Tribune This new business venture comes under Engro Foods Canada Ltd and its subsidiary Engro Foods USA, LLC. Al Safa Halal targets 7 million population of Muslims in North America.

Management

Engro Corporation

Engro Corporation

Hussain Dawood holds the seat of the corporation, Mr. Dawood is also the chairman of Dawood Group . Apart from the chairmanship, Hussain Dawood held the position of CEO & President at Engro Corporation from 2004–2012. Muhammad Aliuddin Ansari then served as the CEO & President of Engro Corporation from 2012-2015. With Ali Ansari's departure, Khalid Siraj Subhani took over as CEO and President. After his retirement in 2016, Ghias Khan was appointed as the new President and CEO effective 1 December, 2016.