Company Information
Exxon Chemical Pakistan was a
subsidiary of the US multinational Exxon by virtue of 75% holding in the
Pakistani company. However, in 1991 it was sold to an employees group.
Financial institutions like IFC & CDC have also purchased Exxon
holding. As a consequence, the name was changed to Engro Chemicals.
Balancing and modernization program was undertaken in 1988 that
increased the production production by 18,000 tons. Capacity was raised
to 598,000 tons by acquiring a second hand plant a cost of Rs. 3,000
mil. It commenced production in 1993. Another 150,000 tons cap. increase
undertaken at a cost of Rs. 770 mil, while 250,000 tons increase is
planned in the second phase.
Chairman
SHAUKAT R. MIRZA
Board of Directors:
NISAR A. MEMON
BEHRAM HASAN
SHAUKAT R. MIRZA
JAVED AKBAR
ASIF QADIR
GULREZ RASHID
ZAFFAR A. KHAN
S. NASEEM AHMED
PERVEZ GHIAS
ATTA UR REHMAN
DAVID V. JHONS
Registered Office:
PNSC Building, Moulvi
Tamizuddin Khan Road,
Karachi
Head Office:
PNSC Building, Moulvi
Tamizuddin Khan Road,
Karachi
