December 08, 2016 1:27 AM ET

Chemicals

Company Overview of Karnaphuli Fertilizer Company Limited

Company Overview

Karnaphuli Fertilizer Company Limited produces and markets granular urea and anhydrous ammonia internationally. The company is based in Dhaka, Bangladesh.

IDB Bhaban

13th Floor

E/8-A, Rokeya Sharani

Sher-e-Bangla Nagar

Dhaka,  1207

Bangladesh

Phone:

880 2 812 5520

Fax:

880 2 812 4490

Key Executives for Karnaphuli Fertilizer Company Limited

Chief Executive Officer and Director
Deputy Chief Executive Officer and Chief Financial Officer
Deputy Chief Executive Officer and Chief Technology Officer
Company Secretary
Compensation as of Fiscal Year 2016.

Karnaphuli Fertilizer Company Limited Key Developments

KAFCO Announces Temporary Closure of Two DAP Units in April Due to Stopping Gas Supply

The temporary closure of the Karnaphuli Fertiliser Company Limited (KAFCO) in April will affect two government-owned fertiliser units in Chittagong that use its ammonia as their raw material. The authorities concerned will shut down KAFCO from next month by stopping gas supply to the fertiliser plant to feed the power plants. KAFCO has a daily production capacity of 3,700 tonnes of urea and ammonia. Purchase of fertiliser from the factory is easy, and it helps cut freight cost, thus saving a large amount of hard-earned foreign exchange. The Di-Ammonium Phosphate (DAP)-1 and DAP-2 fertiliser factories in Chittagong has no other alternative to the ammonia. Earlier, they used to procure ammonia from Chittagong Urea Fertiliser factory, which is also now shut due to lack of required gas supply. The KAFCO officials urged the authorities concerned to continue gas supply to the unit up to May, as it will help the DAP factories to make an inventory of ammonia to feed their plants. Contrasting this view the Petrobangla officials said they will stop gas supply to all the fertiliser factories, except Shahjalal and Jamuna. They argued that this will enhance gas supply to the power plants and thus improve the country's power supply situation in summer, when electricity demand is higher amid hot and humid weather.

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