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The Privatisation Commission has invited Expressions of Interest (EOI) from
prospective investors (fertilizers companies, industrial companies and groups,
consortium of investors who can demonstrate their ability to efficiently
manage and operate the company) for the sale of minimum of 90% shares of
Lyallpur Chemicals & Fertilizers Limited (LCFL) located at Jaranwala. The
prospective investors have been asked to send their EOIs latest by November
21, 2005 along with a non refundable processing fee of Rs.50,000/-
(Rupees Fifty Thousand Only).
A summary profile of the company is available on the website of Privatisation
Commission www.privatisation.gov.pk
PC has asked the interested parties to indicate the Name of company / group
with details of ownership / group structure and corporate and constitutive
documentation (Including investors profile in terms of ownership & net worth)
Audited financial accounts for the last three years along with the EOI.
Information Memorandum, Bid Documents, and a tentative time frame for the
process will be provided to pre-qualified parties only.
National Fertilizer Corporation of Pakistan Limited (NFC) is the owner of
Lyallpur Chemicals & Fertilizers Limited (LCFL), which is an unlisted public
company registered under the Companies Ordinance 1984. The authorized, issued
and paid up capital of the company is Rs. Ten (10) million with one (1)
million share of Rs. 10/- each.
LCFL produces Powdered Single Super Phosphate (SSP) and Zinc Sulphate. The
Sulphuric Acid required for the production of both SSP and Zinc Sulphate is
also produced within the unit. The plant was rehabilitated and re-commissioned
in May 1999. The unit production capacity include Single Super Phosphate
(Powdered) 72,000 Metric Ton Per Annum, Sulphuric Acid 30,000 Metric Ton Per
Annum and Zinc Sulphate1,500 Metric Ton Per Annum. The marketing of the
products is carried out by NFC's subsidiary company, National Fertilizer
Marketing Limited (NFML).