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The Privatisation Commission is holding bidding for the sale of minimum of
90% shares of Lyallpur Chemicals & Fertilizers Limited (LCFL) on December 02,
2006 (Saturday) at 10 a.m in the conference room of the Privatisation
Commission at Islamabad. Eleven parties had participated in a pre-bid meeting
held earlier, which included 1. Akbari Group, 2. Chanar Sugar Mills, 3. Amjad
Textile Mills, 4. Rijas Fashion (Pvt) Ltd, 5. 4B Industries, 6. Malik Ghee &
Cooking Oil Mills, 7. Umar Group, 8. Al Hamd Chemicals, 9. Colony Group, 10.
ATC Processing (Pvt) Ltd and 11. Star Consortium.
PC had 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 located at Jaranwala.
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).