P.O. Kangra Colony, Hattar Road
Haripur, Pakistan

1985 - National Fertiliser Corporation of Pakistan (Private) Limited (NFC) owns Hazara Phosphate Fertilisers (Private) Limited. HPFL is a state-owned private limited company, registered under the Companies Ordinance
1989 - Production begins
2008 - Pak-American Fertilisers Limited (PAFL) purchase 90% of the shares of HPFL

Part of

March 11, 2010 - Azgard Nine Limited, the parent company of Agritech, is likely to raise a total of Rs2.37 billion through offering Rs16.67 million worth shares to high net value investors and by placing ordinary shares to the general public with an additional green shoe option of Rs16.67 million, a research analyst said on Wednesday.   After the successful listing of Fatima Fertilizer Company Limited, the Agritech Limited (Agritech), formerly known as Pak-American Fertilizer Limited is due for listing at the KSE with Initial Public Offering (IPO) that will be held today (March 11-13, 2010).  According to an analyst, Azgard Nine Limited has intended to raise a further Rs500m through an offer to the general public of 16.67m ordinary shares with a Green Shoe Option (GSO) of 16.67m ordinary shares at a fixed price of Rs30 per share. It may be mentioned that Rs1.87b already been raised through pre-IPO placement to institutional investors and high net worth individuals.  To date, 62.3m ordinary shares have already been subscribed through pre-IPO. The projected receipts from this offering will be Rs2.87b if the GSO is subscribed. Agritech has a name plate capacity of 346k tons per annum (BMR to increase the capacity to 483k tons of urea) and an additional 90k tons of Single Super Phosphate (SSP) which comes from Hazara Phosphate Fertilizer (Pvt) Limited (HPFL), a 100pc subsidiary of Agritech. Agritech is also involved in importing and selling of DAP, making it one of the traditional fertilizer players in the market.