Professional Documents
Culture Documents
Cost Project3
Cost Project3
Who assigned us such a project through which we can implement all our financial
knowledge into practical work? We dedicate this report to our respectable teacher and all
those who helped us out to complete this project work in best possible way.
“ACKNOWLEDGEMENT”
First of all we thankful to Allah who mercifully blessed our little effort with completion
and success and we offer our humblest thanks from deepest to the Holy Prophet (peace be upon
him) who enable us to recognize our creature and to know the purpose of our creation and who is
model of guidance and knowledge for humanity.
We feel satisfaction to write this page as this project is on the destination. We are grateful to our
respected Sir Ashraf Bhuttafor his most cooperative attitude valuable comments constructive
suggestion and step-by-step guidance without his help, it would have been impossible to
complete this task.
Last but not least we wish to express our feeling and passion of gratitude to our parents who
always prayed for our success, health and brilliant future. Our words cannot express our deepest
thanks to our parents who’s love and sacrifices and invested and written on every page.
Table of content
#
1. Executive summary
3. Introduction
4. History
5. Profile of company
6. Business details
7. Business of company
EXECUTIVE SUMMARY
ICI was established in 1926, while it started it Pakistan chapter by establishing Soda Ash Plant at
Khewra, Distt. Jhelum in 1944. It is one of the oldest and fully automated companies of Pakistan.
ICI has currently five business in Pakistan in which Soda Ash Business is the oldest and
important one. ICI was incorporated in 1953 and listed on Karachi Stock Exchange in 1957 as
Khewra Soda Ash Company and this name was changed to ICI Pakistan Limited in1987. Now
ICI is operating as a subsidiary of AkzoNobel which is the chemical industry leader around the
globe. Main purpose of this report was to extract practical knowledge by working in order to
apply the knowledge acquired during MBA program. Report include in depth analysis of the
organization and carry financial, technical, managerial and strategic aspects which have been
evaluated to analyze the current position of the organization. I have evaluated the company by
techniques like financial ratio like Profitability, Activity, Debt ratios and break even analysis.
These analysis are showing constructive signs for the future prospects of the company.
Management is capably utilizing the assets of the company in order to generate sales. Overall
financial position is adequate. Further supportive material regarding the financial situation of the
company is also included in the report. I am sure that this report will provide you a complete and
clear image of organization.
VISION STATEMENT
ICI’s vision is to be the industry leader in creating value for customers and shareholders. ICI will
succeed by operating at the highest levels of excellence,acquiring unrivalled knowledge of key
markets and using technology creatively. The result will be productswhich deliver greater
benefits for the company’scustomers, higher returns for shareholders and increased rewards
for employees.
MISSION STATEMENT
We will remain market leaders in Soda Ash and derivatives business in Pakistan by
strengthening our customer base while being the lowest cost producer inthe region and the
most reliable supplier of quality products
Introduction of Imperial Chemical Industries (ICI)
HISTORY
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 tons 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 Fibers, 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 Exchangeswith 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.
Besides the above we also manufacture a wide range of pharmaceutical and animal health
products and are also engaged in seeds marketing and trading in various specialized chemical
for use in industries across Pakistan.
Businesses:
Paint wholesale
Manufactures chemical colors
Pigment fiber
Fiber products
ICI Businesses
1. POLYESTER
ICI Pakistan pioneered Polyester Staple Fiber (PSF) technology in Pakistan through its
investment in a 12,000 tons per annum PSF Plant commissioned in 1982 in Sheikhupura near
Lahore.
2. Soda ash
While the soda ash plant dates back to 1939, commercial production began in 1944. Over the
years the capacity of the plant has been increased through expansion in line with market
demand. The total capacity of the plant today is 350,000 tons. In 1995, the business
commissioned a 10ktpa plant for the manufacture of sodium bicarbonate, which was further
expanded to 20ktpa in 2004. Besides the business also produces 250 tons per day of dense ash
(Na2CO3.H20), which is an essential raw material for glass making.
ICI Pakistan’s soda ash business caters to approximately 70% of the country’s total soda ash
requirement. The business mainly uses indigenous raw material and locally made equipment.
The plant is located in khewra, near the salt range.
3. Life Sciences
Strengths
-Skilled workforce
-Monetary assistance provided
-High growth rate
-Barriers of market entry
-High profitability and revenue
-Existing distribution and sales networks
Weaknesses
-New markets
-Income level is at a constant increase
-Iew acquisitions
Threats