Fatima Fertilizer to execute an extensive business expansion plan

News Image

MG News | October 16, 2018 at 10:10 AM GMT+05:00

0:00

October 16, 2018 (MLN): In a Board of Directors meeting of Fatima fertilizer Company Limited, the company has approved to execute a business expansion plan to consolidate all the fertilizer businesses undertaken by its wholly owned and associated company.

According to an official statement issued to the PSX, the company plans to do so by amalgamating its wholly owned subsidiary, Fatimafert Limited, with effect from January 1, 2019.

Moreover, the company intends to acquire production and operating Plants from its associated company, Pakarab Fertilizers Limited at a price of Rs.9 billion along with all costs and benefits associated with ECC approved gas arrangement available with Pakarab.

These plants include Ammonia, Urea, Nitric Acid, Nitro-Phosphate, Calcium Ammonium Nitrate and Clean Development Mechanism.

The notification further states that the proposed transaction will maximize benefits of synergies and cost efficiencies to the shareholders of Fatima Fertilizer.

In addition to this, the transaction will most likely enhance the name plate capacity of Fatima Fertilizer Company by more than 100%, that is, from 1,280,000 MT per year to 2,572,400 MY per year.

Copyright Mettis Link News

 

Related News

Name Price/Vol %Chg/NChg
KSE100 135,939.87
307.74M
-0.41%
-562.67
ALLSHR 84,600.38
877.08M
-0.56%
-479.52
KSE30 41,373.68
101.15M
-0.43%
-178.94
KMI30 191,069.98
82.45M
-1.17%
-2260.79
KMIALLSHR 55,738.07
422.01M
-1.03%
-577.24
BKTi 38,489.75
45.79M
-0.02%
-8.33
OGTi 27,788.15
6.87M
-1.24%
-350.24
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 116,790.00 120,695.00
116,090.00
-3445.00
-2.87%
BRENT CRUDE 68.83 69.41
68.60
-0.38
-0.55%
RICHARDS BAY COAL MONTHLY 96.50 96.50
96.50
0.50
0.52%
ROTTERDAM COAL MONTHLY 104.50 104.50
104.25
-2.05
-1.92%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 66.69 67.13
66.22
-0.29
-0.43%
SUGAR #11 WORLD 16.56 16.61
16.25
0.26
1.60%

Chart of the Day


Latest News
July 15, 2025 at 05:46 PM GMT+05:00

Labubu Mania drives Pop Mart’s profit surge


July 15, 2025 at 05:22 PM GMT+05:00

Big industry output rises 2.29% in May


July 15, 2025 at 04:22 PM GMT+05:00

SYS set for 71% profit surge on global tailwinds



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg