Hazara Phosphate Fertilizers (Private) Limited (HPFL) is a public sector company. HPFL is located in Haripur, NWFP 75 KM from Islamabad. The factory is situated on 57 acres of developed land, and includes factory, housing and other amenities. HPFL was incorporated under the Companies Ordinance 1984 in June 1985 as a private limited company and commenced commercial operation in 1989.

HPFL is operating in the fertilizer industry and manufactures Granulated Single Super Phosphate (GSSP) fertilizers using a combination of indigenous phosphate rock from the Kakul mines in proximity of plant and imported rock from Jordan and Morocco. Since 1999 rock phosphate is being imported mainly from Jordan for manufacture of GSSP, because of non-availability of local rock phosphate.

HPFL has authorized share capital of Rs.200 million divided into 20 million ordinary shares of Rs.10 each. Out of these 19,143,207 ordinary shares have been issued, subscribed and fully paid up as on June 30, 2007.  

National Fertilizers Corporation (NFC) holds 100% equity in HPFL. NFC was incorporated as a private limited company on August 11, 1973, with an authorized share capital of Rs.1,000 million, which was subscribed entirely by the Government of Pakistan.
 

NFC and board of directors of HPFL perform strategic management function of HPFL. Other than nominee directors, there are four directors in the board.

Operational management comprises of a Managing Director and General Manager. Total personnel strength of regular staff plus daily wages labour as at June 30, 2007 was 261. The break down of staff is given as under;

·                    Management / Executives                                               35

·                    Non-Executive                                                                88

·                    Daily Wages Labour                                                      138

HPFL has recently introduced a Voluntary Separation Scheme (VSS) for its executive staff and Golden Handshake Scheme for non-executives employees. As a result of two schemes 13 executives and 27 non-executives have opted for this factility.

HPFL produces two products i.e. Sulphuric Acid and Granulated Single Super Phosphate (GSSP). Sulphuric Acid is produced to be utilized in the production process of GSSP. The designed capacity of the Plant is 90,000 M.T. per annum of GSSP.

The Sulphuric Acid Plant is designed to produce 110 M.T. of 89.5% Sulphuric Acid per day by using Monsanto’s double contact, double absorption process. The process along with use of high efficiency fibreglasses mist eliminator reduces air pollution to minimum while obtaining a conversion efficiency of 99.5%.

The SSP Plant has a capacity to produce 300 M.T. of GSSP per day by the reaction of indigenous ground Phosphate Rock and Sulphuric Acid diluted to 68% from the Sulphuric Acid plant storage.  The SSP process employs a 3 stage scrubbing system to wash reaction gases in order to achieve environmental pollution control standards.

The company manufactures GSSP fertilizer using a combination of indigenous phosphate rock from the Kakul mines in proximity of plant and imported rock from Jordan and Morocco.

National Fertilizer Marketing Limited (NFML), which is a subsidiary of NFC, is currently carrying out the marketing of the product of HPFL. NFML sells GSSP under the brand name of “KISSAN” with the brand extension of “Kissan Phosphate”. 

Future strategy for the marketing of GSSP shall depend upon the prospective investors, who will be free to market the product using their own arrangements.

The operating results of the company for the year 2006-2007 and for the quarter July to September 2007, based on un-audited accounts are given below: