THAL's Goals... Our
mission is to set up and operate viable
businesses in sectors, identified by the
Executive Committee and Board of Directors, in a
manner that:· They are either # 1 & 2 in
turnover & returns in their industry;·
Service all the stake holders in a
market-competitive manner;· Have an export
portfolio of products.
Mission - Jute Division. Our
mission is to be the # 1 Jute products
manufacturers in Pakistan in terms of turnover,
efficiencies and margins. We will search out new
technologies, products and markets to maintain
our position of most efficient producer, highest
turnover and sustained good returns..
JUTE
DIVISION Thal Limited enjoys the
distinction of being the pioneer industrial project of
the House of Habib. The project was launched in 1966 and
incorporated as a public limited company, which
commenced production in 1966. The factory is located at D.G. Khan Road, Muzaffargarh, Punjab and is engaged in
the manufacturing of A. Twill Sacks, B.Twill Sacks,
Coffee Sacks, Sugar Sacks, Heavy Cees, Light Cees,
Hessian Cloth, Hessian Bags (ordinary/natural white),
Jute Yarn & Twine used mainly for packing of wheat,
rice, cotton, etc. The company is one of the largest
employers of skilled and unskilled workers with a
strength of more then 3,000 people. It enjoys excellent
Labor - Management relations which have resulted in a
cordial and harmonious working environment at the
Mills.
The production
during 2002-2003 was 24,690 M.Tons as compared to 26,125
M.Tons during 2001-2002. THAL commands a market share of about 26% of
the total production of the 12 Jute Mills operating in
the country.
FINANCIALS The company has a sound
financial base. The authorized capital is Rs.100 million
and the paid up capital is Rs.70 million and the free
reserve is Rs.500 million. The break up value of Rs.5/=
share is Rs.40.94. The
earning per share is Rs.19.06 and the dividend per share was
125%. The sales turnover (net) of the company was
Rs.2.097 billion compared to Rs.1.552 billion in the
previous year.
EXPORTS During
the year 2002-03, the company’s export have
substantially increased to US$2.2 million (Pak Rupees
130 million), which shows an increase of more than 200%
over the last year.We have also made indirect exports of
Hessian Bags through the Rice Exporters of Rs.89 million
during the year in addition to our direct export. Thal
Jute is proud to state that Pakistan is now well known
in the international markets as exporter of quality jute
products.Thal
Jute is the first and the only jute mill in Pakistan,
which has successfully manufactured and exported Food
Grade (Hydro Carbon Free) Jute Products. During the
year, Thal Jute have tapped and entered in the new
markets and succeeded in getting good percentage of
market share and opened the doors for Pakistan’s Jute
Products to the new markets in North Africa, East
Africa, Europe, South East Asia, Middle East etc etc. Thal
Jute is the recipient of the following prestigious
recognitions:
1999 - Top 25 Companies Award by Karachi Stock
Exchange for the best financial performance.
2000 -Corporate Excellence Certificate by
Management Association of Pakistan.
2001-Corporate Excellence Certificate by
Management Association of Pakistan.
2002-ISO 9001-2000 Certificate for Quality
Management System from Belgium Council of
Certification.
2003-FPCCI Export Merit Trophy for Export of
Non-Traditional Items – Jute Goods.
MANAGEMENT
Sohail P. Ahmed Chief
Executive Officer Mohammad Jamil Hussain
Executive
Director Hooshang Gholami
Senior Executive Ali
Asgher Moten
General Manager (Finance &
Admin.) Aunali Ravjani
General Manager (Sales) Aslam Naqvi
Manager (Purchase)
ENGINEERING
DIVISION The Company diversified its business
activity into the assembly and manufacturing of auto air
conditioners in 1995-96 by signing a technical license
agreement with Denso Corporation, Japan. The Engineering
Division accomplished the deletion target of 50% set by
Ministry of Industries, Government of Pakistan. The
plant has production capacity of 40,000 units per annum
on single shift basis. The division is supplying Air
Conditioners to the auto manufacturer i.e. Indus Motor
Company Ltd. & Pak Suzuki Motor Co.
Ltd.
Further expansion in the Engineering
Division was made into Wire Harness Project, which too
has been successfully launched. The Engineering Division
has made investments in assets worth over Rs.100 million
and attained sales turnover of Rs. 1.3 million.
