ICI Pakistan

ICI Pakistan
Public
Traded as PSX: ICI
Industry Chemical
Founded 1944 (1944)[1]
Headquarters Karachi, Pakistan
Key people
 Muhammad Ali Tabba
Number of employees
 1,107 (2014)
Parent Yunus Brothers Group (75.8%)[1]
Website www.ici.com.pk

ICI Pakistan Limited (Imperial Chemical Industries) is a Pakistani company which is based in Karachi, Pakistan.

In 2012, Yunus Brothers Group acquired the company for $152m from AkzoNobel.[1]

History

The company's history dates back to British-era when it was established as Khewra Soda Ash Company in 1944. They set up a soda ash manufacturing facility in Khewra with a capacity of 18,000 tonnes per annum. This facility was sited next to the salt range as rock salt and limestone; two key raw materials for manufacturing Soda ash were available here in abundance.[1]

In 1995 ICI Pakistan Limited set up a USD 490 million PTA manufacturing facility at Port Qasim, near Karachi, which was commissioned in 1998. In 2001, the business was demerged to form Pakistan PTA Limited, a subsidiary of ICI Plc UK. ICI Pakistan is one of the largest quoted companies on the Pakistan Stock Exchange with a paid up share capital of Rs 1.39 billion. The company has around 1,294 permanent employees and the same numbers of people provide services through contractual arrangements.

Businesses

Polyester

ICI Pakistan pioneered Polyester Staple Fibre (PSF) technology in Pakistan through its investment in a 12,000 tonnes per annum PSF Plant commissioned in 1982 in Sheikhupura, near Lahore.

Soda ash

While the soda ash plant dates back to 1939, commercial production began in 1944. Over the years the capacity of the plant has been increased through expansion in line with market demand. The total capacity of the plant today is 350,000 tons. In 1995, the business commissioned a 10ktpa plant for the manufacture of Sodium bicarbonate, which was further expanded to 20ktpa in 2004. Besides, the business also produces 250 tons per day of dense ash (Na2CO3.H20), which is an essential raw material for glass making.

ICI Pakistan’s soda ash business caters to approximately 70% of the country’s total Soda Ash requirement. The Business mainly uses indigenous raw materials and locally made equipment. The plant is located in Khewra, near the salt range.

Life Sciences

The Life Sciences Business consists of two divisions; Pharmaceuticals and Animal health

Chemicals and Agri Sciences

ICI Pakistan Chemicals and Agri Business consists of General Chemicals and Specialty Chemicals (formerly Uniqema) as well as Agriculture Products ranging from seeds to pesticides.

The General Chemicals Segment includes trading and polyurethanes and is involved in the import, manufacturing, sale and distribution of industrial chemicals. The trading segment comprises a portfolio of fourteen product groupings with over 250 products/variants, including trading partners such as National Starch & Chemicals, Huntsman Polyurethanes, Ineos Chlor, Nalco, Huntsman Tioxide, supplemented by imports of complementary product lines from companies in the USA, Europe and the Far East. This Segment markets a product range used for various applications including power, cement, textiles, paints, pharmaceuticals, personal care, food & beverage, solvents, detergents, footwear and household appliances.

References

  1. 1 2 3 4 "Mergers and acquisitions: Lucky Cement led group buys ICI Pakistan for $152m - The Express Tribune". 31 July 2012.


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