News Analysis |
Engro Foods Limited, the 2nd largest dairy company of Pakistan, in a triumphant move, roped in investment from a Dutch Dairy giant called Royal Friesland Campina, the 6th largest dairy company of the world. To celebrate the Dutch festivities in Pakistan, Engro Foods Limited actively participated in the King’s Day’ celebrations, hosted by the Netherland’s Ambassador in Pakistan, Her Excellency, Mrs. Ardi Stoios Braken, at Serena Hotel in Islamabad on Tuesday, 8th of May, a press release stated.
Dutch companies have invested generously in Pakistan’s economy and Netherland as a country has played its role to strengthen bilateral trade relations. The investment made by Royal Friesland Campina into Engro Foods Limited has made it a 51% shareholder of Pakistan’s 2nd largest dairy company. Hence, Engro Foods played its role in celebrating the cultural heritage of RFC in Pakistan.
On the occasion, Chief Corporate & Regulatory affairs Director – Naveed Saeed, said that; “Being a subsidiary of the Dutch Dairy giant in the global industry – Royal Friesland Campina, we are proud to nurture and promote the rich heritage of Netherlands. Over the recent years, Engro Foods has grown in terms of market-share, operations and financial strength – acquiring greater knowledge and expertise in the dairy industry and also becoming a part of the global family of Royal Friesland Campina.
This project was kick-started by Engro Foods Limited to strengthen the socio-economic landscape of the dairy industry of Pakistan. It enabled the Pakistani rural women by training them with best dairy practices and created economic opportunities for homebound women by converting them into dairy farmers.
It is a matter of pride for Engro Foods Limited to represent Pakistan in front of the global dairy industry, and Netherlands in front of the national dairy industry. We believe that the deep insights of Royal Friesland Campina, Engro Foods Limited will continue to spearhead Pakistan’s dairy industry, driving it towards advanced technologies, higher productivity and better product quality, the press released informed.
Engro has recently been in the limelight for bagging several international awards. Earlier this month, Royal Friesland Campina, the parent company of Engro Foods Limited, awarded Engro Sukkur plant with ‘Golden Quality Certificate’. This certificate has been awarded to production facilities and organizations which completed 365 days without a quality incident.
In April this year, Engro was awarded the Commonwealth Company of the Year Award from the Commonwealth Businesswomen’s Network. The award recognizes a company that has had a significant impact on women’s economic empowerment in the organization and the wider community. The Award was made during the Commonwealth Heads of Government Meeting in London in consultation with an Advisory Panel.
The Commonwealth Head of Government Meeting (CHOGM) was held in London, where Queen Elizabeth& UK Government hosted Presidents and Prime Ministers of 53 Commonwealth states to promote bilateral trade and implement sustainable development goals amongst all the Commonwealth states. Besides CHOGM, sessions on Commonwealth business Forums and the Commonwealth Women Forum were also conducted, where 5000+ delegates from 53 countries participated.
The investment made by Royal Friesland Campina into Engro Foods Limited has made it a 51% shareholder of Pakistan’s 2nd largest dairy company. Hence, Engro Foods played its role in celebrating the cultural heritage of RFC in Pakistan.
These events were followed by Commonwealth Business Women Network awards. Engro Foods also represented Pakistan at the Commonwealth Business forums. Ms Nageen Rizvi, Head of Corporate Communications & Sustainability, Engro Foods presented a case on project WELD – Women Empowerment through Livestock Development to the Commonwealth Business Women Network which won the award for Engro Foods.
This project was kick-started by Engro Foods Limited to strengthen the socio-economic landscape of the dairy industry of Pakistan. It enabled the Pakistani rural women by training them with best dairy practices and created economic opportunities for homebound women by converting them into dairy farmers. This project created 18000+ dairy farmers, 600 Female Micro Businesses, 300 Female Livestock Extension Entrepreneurs and 300 Female Village Milk Collectors.