THE COMPANY
Dewan Salman Fibre Ltd., (DSFL) is a joint venture among Dewan
Mushtaq Group, Mitsubishi Corporation of Japan and Samyang Corporation
of Korea. It is Pakistan's largest manufacturer of polyester staple
Fibre. Although the aggregate installed capacity of merged DSFL
is 199,500 tons per annum (tpa) i.e. 570 tons per Day (tpd), the
company has achieved and maintained the production level of 700
tpd since February 2001 as a result of technological know-how
gained over a decade long experience in polyester manufacturing.
During the period July 2000 to January 2001 the plant was operating
at an average capacity of 570 tpd. DSFL has also ventured into
Acrylic Fibre and Acrylic
tow manufacturing. DSFL Acrylic Fibre and Tow division,
having capacity of 25,000 tons per annum has commenced commercial
operations in July 2000.
DSFL was incorporated as a public limited company in Pakistan
in October 1989 under the name "Salmanese Fibre Limited". A joint
venture agreement among Dewan Textile Mills Limited, Dewan Khalid
Textile Mills Limited, Dewan Mushtaq Textile Mills Limited and
a member of Dewan family, Mitsubishi and Samyang, was signed in
February 1990, and the company's name was changed to Dewan Salman
Fibre Limited. The company shares were listed on the stock exchanges
of Karachi and Lahore in April 1991 and on the Islamabad Stock
Exchange in 1993.
Acquisition
Of DHAN Fibres Limited
On
30th June 2000,DSFL acquired 200 million shares of DFL, which
represented almost 67.4% of DFL's total outstanding paid-up capital
.The total acquisition cost was Rs.4,200 million. This acquisition
has enabled DSFL to further strengthen its existing market position.
In
June 2000, DSFL issued Rs.1600 million of the privately placed
Term Finance Certificate (PPTFCs), to meet the acquisition cost.
In addition to the funds raised through PPTFCs the company met
the acquisition cost obligations through bridge finance arrangement
(Rs.1.4 billion) and from its internal resources. The Bridge Finance
facility has since been repaid.
As
per terms and conditions of the Trust Deed dated 14th June 2000,
the company is required to replace The PPTFCs with the listed
TFC within a period of one year from June 21, 2000.The company
has the option either to replace entire PPTFC with the TFCs or
to redeem up to 25% of the face value of PPTFC through Partial
cash redemption and replace the remaining 75% of the face value
of the PPTFC with Listed TFCs. DSFL has decided to replace the
entire (Rs.1600 million) PPTFCs with the listed TFCs. The present
public portion of Rs.200 million or any such incremental amount
as may be received by the exercise of green shoe option, will
be utilized to augment the working capital of the Company.
Until
30th June 2000, DFL was the second largest producer of PSF in
Pakistan with a total manufacturing Capacity of 91,000 tpa. The
company was owned and managed by the Chakwal Group.
DSFL has following four regional offices countrywide through
which it performs the marketing of its products:
1. Islamabad Head
Office.
2. Karachi Office.
3. Lahore Office.
4. Faisalabad
Office.
All
the regional offices report directly to Islamabad Head Office,
from where all the marketing activities are controlled.
In the local market, DSFL has customers spread all over the country.
Dewan has a portfolio of quality customers. Currently there are
445 spinning mills operating in Pakistan, out of which about 220
mills are using PSF. There are 112 mills, which are using Dewan's
polyester staple fibre. DSFL regional marketing offices help to
keep close contact with the customers.
After
sales Technical Services staffs are also stationed Islamabad and
Lahore to be in time for any trouble shooting besides having frequent
visits to the customers' and competitors' mills.
During
the year 2002, Dewan Salman Fibre Limited enjoyed a market share
of over 50%.
DSFL
is also considered as trendsetter in the industry. It has been
the leading exporter of PSF. Till now, we had explored European
and Middle East markets and are continuously in search of new
markets.
Dewan's
major strength is its marketing team, which comprises of professionals
and a group of people, who believes in teamwork and honesty.
Among
the local PSF manufacturers Dewan has a large list of its product.
Out of which main products are listed below:
Polyester
Staple Fibre
1.0 den x 38 mm Semi-Dull (For Cotton Blending)
1.2 den x 32 mm Semi-Dull /Bright (For Open End)
1.2 den x 38/44 mm Semi-Dull (For Cotton Blending)
1.4 den x 38 mm Semi-Dull LP (For Cotton Blending)
1.5 den x 38 mm Semi-Dull HT (For Cotton Blending)
1.5 den x 38 mm Semi-Dull MT (For Cotton Blending)
1.2 den x 51 mm Semi-Dull EHT (For Viscose, Acrylic & PSY Blending)
1.2 den x 51/58/64 mm Semi-Dull (For Viscose, Acrylic & PSY Blending)
1.5 den x 51 mm Semi-Dull LT (For PP)
1.2 den x 44/51/58/64 mm Bright (For Viscose, Acrylic & PSY Blending)
1.5 den x 51 mm Trilobal Bright (For Viscose, Acrylic & PSY Blending)
2.0 den x 51 mm Trilobal Bright (For Viscose, Acrylic & PSY Blending)
3.0 den x 51 mm Trilobal Bright (For Viscose, Acrylic & PSY Blending)
NONWOVEN PRODUCTS
1.5 den x 64 mm Semi-Dull (For Nonwovens)
2.0 den x 51 mm Semi-Dull (Inter lining for non woven)
3.0den x 64 mm Semi-Dull (For Nonwovens)
4.0 den x 76 mm Semi-Dull (Low Shrinkage Fibre)
6.0 den x 51/64 mm Solid Regular Fibre (Fibre Fill for Non Woven)
7.0 den x 64 mm Hollow Siliconized Fibre(Fibre Fill for non woven)
7.0 den x 64 mm Hollow Non-Siliconized Fibre(Fibre Fill for non woven)
Acrylic
Staple Fibre / Tow
3.0 den x 51 mm Bright Dyed Black
3.0 den x 32/64 mm Bright/ Semi Dull Raw White
5.0 den x 76 mm Bright/Semi Dull Raw White
7.0 den x 89~142 mm Bright/Semi Dull Raw White
10.0den x 125 mm Bright/Semi Dull Raw White
15.0 den x 155 mm Bright/Semi Dull Raw White
3.3 dtex x 176 ktex Bright/Semi Dull Raw White Tow
3.3 dtex x 154 ktex Bright Dyed Tow
