Engro Chemicals Ltd.

Pakistan

Engro Chemicals is Pakistan’s second largest fertilizer

company, with its core business being the

manufacture and marketing of chemical fertilizers,

particularly urea. Engro is currently seeking to

increase its production capacity in order to close

the gap between fertilizer supply and demand.

OFID’s loan will thus co-finance the construction

and commissioning of a new urea plant with a

capacity of 1.3 million tons per year. On completion,

the new plant is expected to bring a welcome

boost to Pakistan’s vital agriculture sector by lowering

the cost of fertilizer. As the sector employs

close to one-half of the workforce, the project will

also contribute to poverty alleviation by securing

the ongoing employment of a large number of

people.