FrieslandCampina Engro Pakistan
FrieslandCampina Engro Pakistan Limited (FCEPL) is a Pakistani dairy company which is a subsidiary of Dutch multinational corporative FrieslandCampina. It is based in Karachi, Pakistan. Its main product brands includes Olper's, Omoré, Dairy Omung, and Tarang.[1]
 | |
| Formerly | Engro Foods (2005-2019) |
|---|---|
| Type | Public |
| PSX: FCEPL | |
| Industry | Dairy |
| Founded | 2005 |
| Headquarters | Karachi, Pakistan |
| Products | Omoré |
| Parent | FrieslandCampina (51%) |
| Website | www |
History
The company was founded as a subsidiary of Engro Corporation in 2005.[2] The company was still struggling to reach consumers due its weak supply chain.[3]
In 2016, Dutch dairy co-operative, Friesland Campina, acquired 51 percent stake in the company for US$450 million .[4] The intends to expand its reach in Pakistan and in future access Central Asian markets.[4]
In July 2019, the company changed its name to FrieslandCampina Engro Pakistan.[5]
References
- "Corporate results: Engro Foods' struggle continues". The Express Tribune. October 21, 2014.
- "Engro Foods Limited". October 6, 2015.
- "Restructuring and regrouping: Engro Foods addresses supply chain weakness". The Express Tribune. August 4, 2013.
- Correspondent, Our Equities (July 5, 2016). "Dutch firm buys Engro Foods for $450m". DAWN.COM.
- "Engro Foods now becomes FCEPL". July 10, 2019.
- "Engro hints at closing milk plant in Sukkur as tax policies bite". The Express Tribune. June 6, 2017.
- "Engro Foods opens its doors to Punjab parliamentarians". April 23, 2019.
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