FrieslandCampina CEO Roelof Joosten and Chairman Engro Corporation Hussain Dawood met with Prime Minister of Pakistan Nawaz Sharif to jointly discuss possible opportunities to develop the dairy industry in the country through knowledge transfer and provision of nutritious value-added products amongst others. Roelof Joosten along with Hussain Dawood highlighted the need to explore partnership opportunities with the government to bring the local dairy industry on par with international standards and contribute to Pakistan’s dairy sector’s development.
Prime Minister Mian Nawaz Sharif commented on the occasion of the meeting: “We believe this transaction will be instrumental in positioning Pakistan as an attractive investment destination for global companies and encourage others to follow. I am hopeful that this partnership will allow the Pakistani population to enjoy a wider array of affordable, high-quality dairy products for a healthier Pakistan. Improving the well-being of millions of our farmers is a cause that Pakistan has been focused on since its inception. I am convinced that this partnership will create tremendous long-term value for our dairy farmers.”
Partnership Engro Foods Pakistan
Roelof Joosten, CEO Royal FrieslandCampina N.V. commented: “The partnership with Engro Foods will accelerate FrieslandCampina’s route2020 strategy. I am really looking forward to working closely with Engro Corporation, Engro Foods and the Pakistani authorities on elevating the Pakistan dairy sector to provide healthy and nutritious dairy products for the people of Pakistan. This will contribute to the development of the whole country, benefiting consumers and dairy industry alike.”
Speech by Roelof Joosten
Available for download (PDF): the speech FrieslandCampina CEO Roelof Joosten gave at the meeting.
FrieslandCampina obtains key position in Central Asian dairy market through strategic partnership with Engro FoodsAcquisition of majority stake in Pakistan’s dairy producer Engro Foods completed.
FrieslandCampina enters fast growing Pakistani dairy market through Engro FoodsRoyal FrieslandCampina N.V. has signed a share purchase agreement with Engro Corporation to acquire 51 per cent of the shares in its subsidiary Engro Foods Limited.