Bidding of 90% LCFL shares on 2nd
By Asad Cheema

ISLAMABAD—The Privatization Commission is holding bidding for the sale of minimum of 90% shares of Lyallpur Chemicals & Fertilizers Limited (LCFL) on December 02, 2006 at 10 a.m
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 including fertilizer 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 ownerof 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 andZinc Sulphate1, 500 Metric Ton Per Annum. The marketing of the products is carried out by NFC’s subsidiary company, National Fertilizer Marketing Limited (NFML).