Lyallpur Chemicals sell-off on Dec 2
Staff Report

ISLAMABAD—The Privatisation Commission is set to sale 90 percent shares of Lyallpur Chemicals & Fertilisers Limited (LCFL) through bidding here in the conference room of the commission on December 2, a release said on Friday.
The Privatisation Commission is holding bidding for the sale of minimum of 90% shares of Lyallpur Chemicals & Fertilisers Limited (LCFL) on December 02, 2006 (Saturday) at 10 am.
Eleven parties had participated in a pre-bid meeting held earlier, whichincluded Akbari Group, Chanar Sugar Mills, Amjad Textile Mills, Rijas Fashion (Pvt) Ltd, 4B Industries, Malik Ghee & Cooking Oil Mills, Umar Group, Al Hamd Chemicals, Colony Group, ATC Processing (Pvt) Ltd and Star Consortium.
The PC had invited Expressions of Interest (EOI) from prospective investorsof fertilisers, industrial companies and groups, consortium of investors who can demonstrate their ability to efficiently manage and operate the company located at Jaranwala.
The National Fertiliser Corporation of Pakistan Limited (NFC) is the owner of Lyallpur Chemicals & Fertilisers Limited (LCFL), which is an unlistedpublic company registered under the Companies Ordinance 1984.
The authorised, issued and paid up capital of the company is Rs 10 million with 1 million share of Rs 10/- each. The 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 and Zinc Sulphate1, 500 Metric Ton Per Annum.
The marketing of the products is carried out by NFC’s subsidiary company, National Fertiliser Marketing Limited (NFML).