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.
4th April, 2017