Faran Sugar Mills Limited (Pakistan)

Faran Sugar Mills Limited (FSML) is an agro-based company located in Karachi, Pakistan. It was incorporated on November 03, 1981, and is listed on the Pakistan Stock Exchange. FSML is part of the Amin Bawany Group, a leading business group in Pakistan with interests in various sectors. The company's registered office is in Karachi, and its mills are located in Shaikh Bhirkio District Tando M. Khan, a suitable area for sugarcane cultivation. FSML specializes in the manufacturing and sale of White Refined Sugar. It has a cane crushing capacity that has been expanded over the years to reach above 10,500 TCD (Average). The company is ranked among the top sugar mills in Sindh province in terms of production. FSML's customers include manufacturers of cereals, confectionery, syrups, drinks, ice creams, biscuits, as well as government institutions and the armed forces. In addition to sugar production, FSML has made long-term investments in the distillery unit Unicol Limited, which produces ethanol and food-grade CO2. The company exports its ethanol to Europe, the Middle East, Africa, and the Far East markets. FSML also invested in purification and liquefaction of CO2, with a plant capacity of 72 M. tons per day. FSML has obtained various certifications, including ISO-9001, ISO 14001, ISO-FSSC-22000, OHSAS-18001, and GMP, which endorse its product quality and good manufacturing practices. The company has also diversified its business by investing in UniFood Industries Limited, which is engaged in the food industry. FSML is committed to achieving the highest standards of quality and environmental care. In the financial year 2017-18, it exported a significant quantity of white refined sugar, the highest ever in the company's history. FSML has been assigned a credit rating of A-/A-2 by VIS-Credit Rating Company Limited, indicating good credit quality and timely payment certainty. The company actively participates in welfare activities, focusing on education, healthcare, sports events, and support to humanitarian and social work organizations. During the Covid-19 pandemic, FSML implemented safety measures and provided free vaccination to all its staff members. FSML continues to focus on the rehabilitation and modernization of its manufacturing facilities and equipment to ensure long-term sustainability. It seeks guidance from renowned technical consultants to improve plant efficiency and achieve sustainable future growth.