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Habib
Sugar Mills Limited was incorporated as a Public Limited
Company in 1962 with its Head Office in Karachi and its plant
located at Nawabshah, 300 kilo-meters north east of Karachi.
The original machinery for the sugar division was supplied
by M/s. B.M.A. of Germany and the process was Double
Carbonation Double Sulphitation (D.C.D.S). The capacity of the
plant at its inception was 1,500 tons of sugar-cane crushing
per day. The mill commenced its production in January, 1964
and was the second sugar mill in the province of Sindh.
Present capacity / capability of the mill is 7000 - 7500 tons
of sugar-cane crushing per day. The capacity has been enhanced
by balancing, modernization and replacements (B.M.R) as well
as change in manufacturing process from Double Carbonation
Double Sulphitation (D.C.D.S) to Defecation Remelt Carbonation
Sulphitation (D.R.C.S.) also under B.M.R. during the last
three and a half decades in various stages of
implementation.
In the year 1967-68, a Distillery to produce industrial
alcohol from molasses was added to the plant. The machinery /
equipment for the distillery was supplied by M/s. Spechim
Limited of France. This distillery division has over the
period of time contributed handsomely to the profitability of
the company, besides boosting its export.
In the year 1978-79, the management decided to diversify
into other fields of manufacture and established a textile
division at Karachi. The produce of the textile division is
mainly exported.
The company also set-up a tank terminal in the Port area of
Karachi for purposes of handling and storage of bulk liquid
cargo such as molasses, edible oil and industrial alcohol.
The company has made steady growth over the period of time.
As at April 2002, the capital base of the company has
increased from its inception level of Rs. 12 million to Rs.
162 million as a result of issuance of bonus and right shares
from time to time.
The company's performance during the past forty years has
been satisfactory as is established by the trend of
efficyiency, growth in earnings and financial stability.
Hand-in-hand with the prosperity of the company, the
shareholders have been correspondingly rewarded by a
consistent policy of the Board of Directors towards payment of
stock and cash dividends.
The company was awarded Trophy and Certificate of Merit by
the Karachi Stock Exchange (Guarantee) Limited in 1980, 1981,
1982, 1983, 1986 and 1990. Further the selection committee of
International Gold Mercury Award selected Habib Sugar Mills
Limited for awarding their International Award in 1982. The
company was also conferred the award for the highest sucrose
recovery throughout Pakistan by the Pakistan Society of Sugar
Technologists in their 25th Annual Convention held in
1990.
The company has kept up its activities relating to improved
production and quality of its products in response to the
needs of the farmers in particular and the nation in general.
The company's policy falls in line with the following
directives of the Government:-
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Duration of the crushing period be reduced as far as
possible in the interest of farmers.
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Extract maximum sucrose contents by crushing the
available quantities of sugar-cane in more conducive
climatic conditions.
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Continue to improve the quality standards of its
products.
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Increase overall efficiency in operations so as to
control wastage and optimize capacity utilization.
The satisfactory performance and the growth in turnover and
profitability of the company is due to hard work and excellent
efforts put in by the workers, staff members and full
co-operation received from our sugar-cane farmers.
Pollution Free Environment at
Nawabshah
The
company continues to attach great importance to a pollution
free environment and have installed fly ash removal system and
slop treatment plant in its sugar and distillery divisions
respectively, involving a capital outlay of approximately Rs.
60 million.
The fly ash removal system installed in the
boilers of the mills has completely eliminated the spread of
black soot particles. Similarly, the slop treatment plant has
fully eradicated the unpleasant smell from the distillery. By
the Grace of Allah, successful operation of these projects
have ensured a pollution free environment for the citizens of
Nawabshah.
A team of Sindh Environment Protection
Agency (SEPA) visited the mills at Nawabshah in 1995 and
lauded the efforts of the management in ensuring a pollution
free
environment. |