The Board of Directors of Pakistan’s Fatima Fertilizer Co. Ltd. on Dec. 5 approved a business expansion plan to further consolidate all the fertilizer businesses of the company by merging associated company Pakarab Fertilizers Ltd. (PFL) into Fatima, effective July 1, 2022.
The company said Fatima will be in a position to effectively and efficiently benefit from economies of scale with respect to the combined business, and it is expected to result in further business expansion opportunities for Fatima. In addition, PFL subsidiary Fatima Packaging Ltd. will also become a wholly-owned subsidiary of Fatima.