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The Privatisation Commission has received nine Expressions of Interest (EOI)
from prospective investors (fertilizers companies, industrial companies and
groups, investors / consortium of investors for the sale of minimum of 90%
shares of Hazara Phosphate Fertilizers Ltd (HPFL), owned by National
Fertilizers Corporation of Pakistan (NFC), located at Haripur (NWFP) - 75 km
from Islamabad. The factory is situated on 57 acres on developed land and
includes factory, housing and other amenities.
The parties, which have submitted EOIs include 1-Al-Hamza Ship Breaking
Company & Group, Karachi, 2-Allah Din Group of Companies, Lahore,
3-Al-Tuwairqi Group of Companies, Karachi, 4-Amjad Textile Mills Limited,
Lahore, 5-Chanar Sugar Mills Limited, Lahore, 6- brahim Fibers Limited,
Faisalabad, 7-Nishat (Chunian) Limited, Lahore, 8-TN Associates, Islamabad and
9-Zaver Mining Company (Pvt) Limited, Islamabad.
HPFL produces 90,000 metric tons per annum of Granular Single Super Phosphate
(GSSP) and 30,000 metric tons per annum of Sulphuric Acid required for the
production of GSSP. The plant was rehabilitated and re-commissioned in April
1999.
Information Memorandum, Bid Documents, and a tentative time frame for the
process will be provided to pre-qualified parties only. The due diligence of
the transaction will commence during March while bidding is being targeted in
April 2006.