Investor Relations
News & Events
NEWS-1
LAUNCHING ANOTHER CAUSTIC SODA PLANT - September 19, 2016

 

 

By the grace of Almighty Allah, It is with immense pleasure to inform that the Company’s state of the art energy efficient and eco-friendly Ion Exchange Membrane Plant-2 (Phase-II)having capacity of 25,000 M. Ton Per Annum has commenced its Commercial Operations. The Project Cost along with auxiliaries is around Rupees "Seven Hundred and Fifty Millions". This Plant is in addition to Company’s Ion exchange Membrane Plant-2 (Phase-I), launched last year. The inclusion of new IEM Plant-2 (Phase-II) testifies the Management’s commitment to cater the interest of its stakeholders as well as to meet the future requirements of its valuable Customers.

 The Company’s Management would like to place on record its appreciation to the valuable Shareholders, Customers, Banks and Government Departments for their trust, confidence, persistent support and patronage.


ICL I.T. Department
Launch of SAP All In One Solution - March 01, 2013

The ICL I.T. department has launched the SAP All In One solution throughout the organization in order to stream-line operations as Ittehad continues to update its initiatives.


ICL Honored
LCCI Achievements Award 2005

The first ever LCCI Achievements Award was presented by Mr.Shaukat Aziz (at the time - Prime Minister of Pakistan) to Ittehad Chemicals Ltd.


Achievement Recognition
TECHNOLOGY TRANSFER AGREEMENT (September 11, 2014)

 

 

Al Technique Corporation of Pakistan(ATCOP),a subsidiary company of Pakistan Atomic Energy Commission (PAEC), has entered into an Agreement with
Ittehad Chemicals Limited(ICL) for Technology Transfer and commercialization of an indigenously reserached bacterial fertilizer,by the name of  Biopower.
 The fertilizer, a flora of bacteria is highly beneficial for crops, was
 developed by National Institute of Biotechnology and Genetic Engineering(NIBGE),a lab of PAEC.


Acknowledgement to CCIL
33rd FPCCI Export Awards 2008-09 (July-June)

The Federation of Pakistan Chambers of Commerce & Industry
Presents the Merit Export Award Certification
To
Chemi Chloride Industries Limited, Lahore
For
Export of Calcium Chloride Prills


Elections of
Directors

Last Elections were held on March 28,2014 for the next 3 Years


Ittehad
Life Sciences

Ittehad Life Sciences

Ittehad chemicals Limited (ICL on Karachi Stock Exchange) has partnered with Invitro Vogue Pvt. Ltd, University of Veterinary and Animal Sciences, University of Agriculture Faisalabad, and University of Karachi to envisage to the country’s first veterinary vaccine contract manufacturing organization (CMO) based on Good Manufacturing Practice (GMP)The Vaccine Manufacturing facility of Ittehad Life Sciences will be Pakistan’s first state of the art BSL-III animal vaccine manufacturing facility.

 




By the grace of Almighty Allah, It is with immense pleasure to inform that the Company’s state of the art energy efficient and eco-friendly Ion Exchange Membrane Plant-2 (Phase-II)

having capacity of 25,000 M. Ton Per Annum has commenced its Commercial Operations. The Project Cost along with auxiliaries is around Rupees "Seven Hundred and Fifty Millions". This Plant is in addition to Company’s Ion exchange Membrane Plant-2 (Phase-I), launched last year. The inclusion of new IEM Plant-2 (Phase-II) testifies the Management’s commitment to cater the interest of its stakeholders as well as to meet the future requirements of its valuable Customers.

 

The Company’s Management would like to place on record its appreciation to the valuable Shareholders, Customers, Banks and Government Departments for their trust, confidence, persistent support and patronage.


The Audit

The Board of Directors of the Company has always strived to adopt best practices in managing the affairs of the company and in providing policy guidelines. An Internal Audit Committee is in operation to look after the affairs of the Internal Audit department.

To ensure Good Corporate Governance, ICL has established ,over a period of time, an internal audit department comprising unique blend of professionals like Chartered Accountants (ACA), Association of Chartered Certified Accountants (ACCA), and Masters in Business Administration (MBA) along with old staff having experience of 30 years plus.

The mission of the internal audit department is to provide independent and objective assurance, designed to add value and improve the operations of the organization. It helps the organization accomplish its objectives by bringing a systematic disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes.

The scope of work of internal audit department is to determine whether the organization’s network of risk management, controls and governance processes, as designed and represented by management, is adequate and is functioning to ensure compliances with all policies, procedures and regulations.

To provide independence to the internal audit department, its personnel report to the Head of Internal Audit department, who reports functionally to the Audit Committee and administratively to the Chief Executive Officer. The internal audit function is accountable to the audit committee.

An annual audit plan prepared by applying risk-based approach, approved by an internal audit committee, is in operation. A quarterly internal audit report, supplemented by inter- office memos issued to the process owners regarding controls grey areas highlighted during different audit works, is being issued to Chairman and Chief Executive Officer for appropriate action.

Management is responsible for ensuring timely corrective measures keeping in view the audit findings, related root causes of audit findings, recommendations and action plans communicated through inter-office memos by the internal audit department.

External Auditors:

M/s BDO Ebrahim & Co.
Chartered Accountants,
2nd Floor, Block-C, Lakson Square Building No.1,
Sarwar Shaheed Road, Karachi