Categorie: IPO / Secondary Offering
Submitted 3 months ago by
Xpertwriter
, CEO At E-HostingJunction.com
at Spectrum Resumes , Inc
DHCL was incorporated on 17 April 1968 as a joint venture between Dawood Group of Industries and Hercules Inc USA. It is a public limited company. At the time of its inception, it was the largest ammonia/urea plant in the country. DHCL manufactures and markets urea under the brand name of 'Bubber Sher'.Moreover, it also provides Anhydrous Ammonia for the manufacture of soda ash, fructose and other miscellaneous chemicals. Its major customers are ICI Pakistan, Sitara Chemicals, Olympia Chemicals and Kamal International.Total countrywide sales of Urea for the first six months stood at 2,689kt as against 2,036kt for the same period last year (SPLY). Urea industry grew by 33 percent because of its increased demand due to very high DAP prices. Conversely, the DAP off-take demand decreased by 70 percent due to high international prices. Total imports for the period stood at 137kt of urea as against 55kt in the SPLY. On the other hand, costs rose owing to 5.5 percent hike in gas prices. In addition, the fuel price increase and high inflation pushed up the distribution and administrative expenses.Inventory of Urea in the country as of 30th June 2008 was only 54kt as against 548kt in the SPLY. The reduction is mainly because of significant increase in the off-take of urea, which is 32 percent higher than the SPLY. Trading Corporation of Pakistan (TCP) imported 136kt to bridge the widening gap of demand and supply, as the loca...
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Submitted 3 months ago by
Xpertwriter
, CEO At E-HostingJunction.com
at Spectrum Resumes , Inc
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