|Traded as||KSE: ICI|
ICI Pakistan Limited (Imperial Chemical Industries) is located in Karachi, Pakistan. ICI Pakistan was acquired by Younas Brother Group in December 2012 after its parent shareholder AkzoNobel NBV decided to divest its shares from all other ICI owned businesses in Pakistan, except the paints business. Paints is now listed as a separate entity in the stock exchange with the name of Akzonobel Pakistan Limited. All the remaining business merged to form ICI Pakistan Limited, which now operates under the flag of Younas Brother Group.
ICI Pakistan Limited was set up as a public limited company in Pakistan in 1952. ICI’s presence in this part of the world, however, predates the formation of the public limited company and indeed, Pakistan itself. The Khewra Soda Ash Company, a predecessor of ICI Pakistan Limited, set up a soda ash manufacturing facility in Khewra in 1944 with a capacity of 18,000 tonnes per annum. This facility was sited next to the salt range as rock salt and limestone; two key raw materials for manufacturing Soda ash were available here in abundance.
ICI Pakistan operates diverse businesses and services to a number of industries in Pakistan, including Textiles, Glass, Pharmaceuticals, Agriculture and Livestock, Construction, Automobiles, Chemicals, Cement, Fertilizer, Rubber, Detergents, Footwear, Food, Beverages and Leather, with back-end relationships in twenty three countries.
Today ICI Pakistan’s four businesses, Polyester, Soda Ash, Life Sciences and Chemicals manufacture and sell a range of industrial and consumer products. These include Polyester Staple Fibres, POY Chips, Light and Dense Soda Ash, Sodium bicarbonate, Specialty Chemicals, Polyurethanes, and Adhesives and arranges manufacture, on a toll basis, of Pharmaceutical and Animal Health products. It also markets Seeds and in addition is engaged in trading in various specialized chemicals for use in industries in Pakistan.
In 1995 ICI Pakistan Limited set up a USD 490 million PTA manufacturing facility at Port Qasim, near Karachi, which was commissioned in 1998. In 2001, the business was demerged to form Pakistan PTA Limited, a subsidiary of ICI Plc UK. ICI Pakistan is one of the largest quoted companies on the Karachi, Lahore and Islamabad Stock Exchanges with a paid up share capital of Rs 1.39 billion. The company has around 1,294 permanent employees and the same numbers of people provide services through contractual arrangements.
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While the soda ash plant dates back to 1939, commercial production began in 1944. Over the years the capacity of the plant has been increased through expansion in line with market demand. The total capacity of the plant today is 350,000 tons. In 1995, the business commissioned a 10ktpa plant for the manufacture of Sodium bicarbonate, which was further expanded to 20ktpa in 2004. Besides, the business also produces 250 tons per day of dense ash (Na2CO3.H20), which is an essential raw material for glass making.
ICI Pakistan’s soda ash business caters to approximately 70% of the country’s total Soda Ash requirement. The Business mainly uses indigenous raw materials and locally made equipment. The plant is located in Khewra, near the salt range.
Natural gas crisis in the country has also affected the performance of Soda Ash Business. To cater for this, a coal-fired boiler project is underway. This includes two 45 tpd Chinese coal fired boilers that will use crushed coal as fuel and a 3 MW steam turbine to generate electricity for the unit to run. Commissioning activities for this project are underway.
ICI Pakistan Chemicals Business consists of General Chemicals and Specialty Chemicals (formerly Uniqema).
The General Chemicals Segment includes trading and polyurethanes and is involved in the import, manufacturing, sale and distribution of industrial chemicals. The trading segment comprises a portfolio of fourteen product groupings with over 250 products/variants, including trading partners such as National Starch & Chemicals, Huntsman Polyurethanes, Ineos Chlor, Nalco, Huntsman Tioxide, supplemented by imports of complementary product lines from companies in the USA, Europe and the Far East. This Segment markets a product range used for various applications including power, cement, textiles, paints, pharmaceuticals, personal care, food & beverage, solvents, detergents, footwear and household appliances.