Unilever Pakistan: Difference between revisions

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{{Use dmy dates|date=June 2021}}
{{Infobox company
| name = Unilever Pakistan
| logo = Unilever text logo.svg
| caption = =
| type = [[Subsidiary]]
| traded_as = {{karse|UPFL}}
| foundation = {{Start date and age|df=yes|19461948}}
| founder = =
| defunct = =
| location_city = [[Karachi]]
| location_country = Pakistan
| location = =
| locations = =
| area_served = =
| key_people = Kamran Yousaf Mirza (Chairman)<br />Amir R. Paracha (Chief Executive Officer & Executive Director)<ref>{{Cite web|url=https://www.thenews.com.pk/latest/598941-unilever-pakistan-announces-change-in-leadership-with-new-ceos-appointment|title=Unilever Pakistan announces change in leadership with new CEO's appointment|website=www.thenews.com.pk}}</ref>
| industry = [[Fast-moving consumer goods]]
| products = Home and personal Care<br />Food and beverages
| services = =
| revenue = {{profit}} {{PKRConvert|2830|c}} (2022)
| operating_income =
| net_income = {{profit}} {{PKRConvert|793|c}} (2022)
| aum = =
| assets = {{up}}
{{PKRConvert|2061|c}} (2022)
| equity = {{up}}
{{PKRConvert|751|c}} (2022)
| owner = =
| num_employees = 20,000 (2024)
| parent = [[Unilever]]
| divisions = =
| subsid = =
| homepage = {{url|unilever.pk}}
}}
 
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== History ==
Unilever Pakistan Limited was founded as Lever Brothers Pakistan Limited in 1948.<ref name="auto1">https{{Cite web|url=http://www.brecorder.com/news/3622538|title=UNILEVER PAKISTAN LIMITED - Analysis of Financial Statements Financial Year 2003 - Financial Year 2008|date=7 April 2009|website=Brecorder}}</ref> The town of [[Rahim Yar Khan]] was the site chosen for setting up a personal care factory. In the mid 1960s, the company shifted its headquarters to [[Karachi]] from the [[Rahim Yar Khan]] site.<ref name=BR/>
 
In December 1980, Unilever was listed on the [[Karachi Stock Exchange]].<ref name="auto">{{Cite web|url=https://profit.pakistantoday.com.pk/2021/01/10/seven-years-after-delisting-unilever-pakistan-is-investing-heavily-in-growth/|title=Seven years after delisting, Unilever Pakistan is investing heavily in growth|date=10 January 2021|website=Profit by Pakistan Today}}</ref>
 
In 1989, Unilever merged with [[Lipton]] in 1989 and later with [[Brooke Bond]] in 1997.<ref>https: name="auto1"//www.brecorder.com/news/3622538</ref> Two years later, inIn May 19991995, it expanded into ice cream manufacturing by amalgamating with Polka.<ref>https: name="auto1"//www.brecorder.com/news/3622538</ref>
 
In 2008, Unilever closed its Lipton tea factory in [[Karachi]] and instead contracted out packaging of branded tea to a local company that employs people on a temporary basis.<ref>{{Cite web|url=https://www.somo.nl/shareholders-give-unilever-a-dressing-down/|title=Shareholders give Unilever a dressing down|date=14 May 2009|website=SOMO}}</ref>
 
It has four factories operating in the country.<ref name="auto"/>