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Company profile

The group started with a cloth trading business in the industrial city of Faisalabad. Late Haji Sheikh Mohammad Ibrahim, founder of the Ibrahim Group, settled in Faisalabad after partition of India in 1947 and re-established his ancestral business of cloth trading by the name of “Ibrahim Agencies”. What is known in business today as Ibrahim Group with diversified business interests from Spinning to PSF, Financial Institutions to Banking and Energy, started off as a mere cloth trading agency just half a century ago.

It was middle of the fifties, when Sheikh Mukhtar Ahmed, present Chairman of the group, joined in this family business. It was then, that he took initiative to integrate the business vertically upwards adding up yarn trading as an additional line of business. Turning out to be a milestone in the future progress, it did not take long before the group was widely reputed and respected in marketing of cotton and blended yarns.

Backed by this goodwill and experience in marketing, in 1980, manufacturing of own blended yarn was initiated by establishment of Ibrahim Textile Mills Limited. With long term considerations and a simple principle of “no compromise on quality”two more textile spinning companies; A.A. Textiles Limited in 1982 and Zainab Textile Mills Limited in 1987 were established. A power generation Company Ibrahim Energy Limited was incorporated in 1991 to improve the efficiency of the existing manufacturing companies. All these manufacturing companies have now been merged into Ibrahim Fibres Limited.

The Group diversified into the financial services by floating First Ibrahim Modaraba and also established a leasing company; Ibrahim Leasing Limited. Subsequently First Ibrahim Modaraba was merged into Ibrahim Leasing Limited. Upon declaration of the privatization policy by Government of Pakistan, Ibrahim Group together with other leading groups participated in the bidding to acquire controlling shares of Muslim Commercial Bank Limited.

Under the scheme of reconstruction proposed by State Bank of Pakistan, Consortium of Ibrahim Leasing Limited, Ibrahim Group and its sponsors acquired more than 75% of the shareholding of Allied Bank of Pakistan Limited. Management and control of the Bank was handed over to Ibrahim Group on August 19, 2004. At present Ibrahim Group is holding more than 80% shareholding of this bank. One of the top five banks of Pakistan, Allied Bank has more than 742 branches across the country with 7,139 employees and financial assets of Pak Rupees 234 billion. The Group plans to inject its own dynamism and energy in the bank to turn it into a premier financial institution of the country. After the acquisition of the bank Ibrahim Leasing Limited has been merged into Allied Bank limited.

The strength of the group today stands manifold with entrepreneurial skills and visionary leadership of Sheikh Mukhtar Ahmed added with fresh concepts and professional skills of Mohammad Naeem Mukhtar who has done his MBA from the University of Wales, Cardiff, UK. and Mohammad Waseem Mukhtar who has done his Bachelor in Computer Science and Masters in Total Quality Management (TQM) from the University of Glamorgan, Wales, UK.

Businesses

Zimmer AG Germany; market leaders in the Polyester Polymer capacities with nearly 30% share in the world market has supplied the engineering and technology for Ibrahim Fibres Limited Polyester Plant and has also guaranteed not only the designed capacity but the quality of finished goods to be in compliance with world standards. Furthermore, the plant is equipped with state of the art process control systems and uses SRX process controllers to provide a foundation for real time, efficient and accurate control and monitoring of the process of entire plant. All this is made possible through Computer Integrated Manufacturing (CIM).

The Provox Plus data provides access to historical process data by which any variations in the process are analyzed and remedial actions are taken in real time environment. One to one redundancy starting from process control units up to all input/output modules ensures smooth and optimum operation of the plant. Bulk PTA container charging facility ensures a dust and contamination free PTA charging to poly-condensation, thus providing consistent and improved quality of finished products.

Ibrahim Fibres Ltd Polyester Plant is proficient in producing different variants of PSF including colored, bright, optical bright, hollow, fire retardant and other polyesters for specific applications.

• Ibrahim Fibres Ltd – Plant I:

Ibrahim Fibres Ltd - Polyester Plant I, initiated in 1994 and has been operational since December 1996. The plant has a capacity to manufacture 70,000 tons of PSF annually.

• Ibrahim Fibres Ltd. – Plant II:

After the success of the first Polyester plant, Ibrahim Fibres Ltd, in October 2002, built a new polyester fibre plant adjacent to the first plant to enhance the synergy of operations. The plant is designed to produce 140,000 tons of PSF per annum.

The polyester plants are situated at the integrated site of Ibrahim Fibres Ltd. in Shahkot near Faisalabad. Approximately 50% of Pakistan’s spinning industry is located in the vicinity allowing just in time delivery for over 80% of the customers. In house quality tests are also conducted at Ibrahim Fibre Limited’s own spinning units thereby assuring the quality of fibre being supplied to the customers

Media Room

• Ibrahim Fibres Annual report published for year ended June 30th, 2008

During the year under review, Ibrahim Fibres achieved sales of Rupees 21,550 million as against sales of Rupees 16,323 million during the previous year. The gross profit earned during the year is Rupees 2,187 million as against Rupees 1,631 million during the previous year thus increasing the gross profit by 34% over the previous year. This increase in gross profit was mainly due to higher volume of sales/production.

The proportionate share of Ibrahim Fibres in profits of its associated company, Allied Bank Limited, amounted to Rupees 1,291 million for the year under review as against Rupees 1,480 million for the previous year. The book value of investment in the bank was Rupees 45.61 per share as on June 30, 2008 as against market value of Rupees 85.27 per share prevailing on the same date.

• Ibrahim Fibres (Textile Division) is setting benchmark in producing best quality PV, PC & VISCOSE Products by deploying latest technologies

In the pursuit of excellence in production operations, management of Ibrahim Fibres Limited decided to replace the machinery of one of the Textile Plants. In this regard, the ring spinning and cone winding equipment has been replaced with the most modern technology imported from Zinser and Schlafhorst, Germany which are the leading textile machinery suppliers of the world.

careers

People are central to Group’s growth strategy. A large in-house pool of intellectual capital is the driving force behind Ibrahim Group’s rapid growth, and is one of its competitive advantages.

Today, the Group is managed by highly qualified team of professionals with vast experience in their respective fields. Every department is headed by a professional, qualified and experienced executive.

Growth opportunities and competitive compensation packages offered by Ibrahim Group enables it to attract and retain excellent talent.

• Life at Ibrahim Group

People are central to Group’s growth strategy. A large in-house pool of intellectual capital is the driving force behind Ibrahim Group’s rapid growth, and is one of its competitive advantages.

Today, the Group is managed by highly qualified team of professionals with vast experience in their respective fields. Every department is headed by a professional, qualified and experienced executive.

Growth opportunities and competitive compensation packages offered by Ibrahim Group enables it to attract and retain excellent talent.

• Employer of Choice

People are central to Group’s growth strategy. A large in-house pool of intellectual capital is the driving force behind Ibrahim Group’s rapid growth, and is one of its competitive advantages.

Today, the Group is managed by highly qualified team of professionals with vast experience in their respective fields. Every department is headed by a professional, qualified and experienced executive.

Growth opportunities and competitive compensation packages offered by Ibrahim Group enables it to attract and retain excellent talent.

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