Shezan International Explained

Shezan Limited
Type:Public
Founder:Chaudhry Shah Nawaz
Key People:Humayun A. Shahnawaz (CEO)
Muneer Nawaz (chairman)
Hq Location City:Lahore
Hq Location Country:Pakistan
Industry:Beverages and food products
Areas Served:Pakistan, Bangladesh, Europe, U.S., Canada, Asia and Australia
Products:Juice drinks and food products
Revenue Year:2023
Income Year:2023
Net Income Year:2023
Assets Year:2023
Equity Year:2023
Num Employees:227
Num Employees Year:2023
Footnotes:Financials [1]

Shezan International Limited (Urdu: شیزان) is a Pakistani beverage manufacturer based in Lahore. It is one of the biggest food and beverage manufacturers in Pakistan. Two of their most famous brands are All Pure and Twist.[2] This company is a part of Shahnawaz Group and is traded on the Pakistan Stock Exchange.[3]

Since its inception in 1964, Shezan has produced various products including soft drinks, juices, ketchups, and jams. The company is also the single largest grower of mangoes in Pakistan, and employs roughly 1,000 persons.[4] [3] The company is best known for its trademark product, 'Shezan Mango', a mango juice drink popular in Pakistan.

History

Shezan International was incorporated on May 13, 1964 by Chaudhry Shah Nawaz. It was a joint venture between Shahnawaz Group and Amcor.[5] [6] The United States Agency for International Development (USAID) provided a loan of 2.5 million US dollars to support the purchase of necessary equipment.[6]

In 1965, Shezan began test marketing orange juice and established its fruit processing and bottling plant, along with its headquarters, in Lahore.[6] The hot climate in the region initially caused issues with the shelf life of the juice.[6] However, by the end of 1966, these problems were addressed, ensuring the stability of the bottled juice.[6] In 1967, Shezan expanded its product line to include mango, grape, apple, and berry juices.[6]

In 1968, Amcor exited Pakistan and sold its equity Shahnawaz Group.[6] A year later, Shezan introduced Lemon Barley juice.[6]

In 1980–81, a separate unit was installed in Karachi, which now caters for Karachi, Sindh and also meets the export demand.[6] A bottle filling plant was set up in 1983 in Lahore, Punjab. An independent Tetra Brik plant was commissioned in 1987.[6]

In 1989, Shezan was listed on the Karachi Stock Exchange, following an initial public offering at a strike price of .[6]

In 1990, it was decided to install a juice factory at Hattar, Khyber Pakhtunkhwa, Pakistan.[6]

Controversy

Shezan has been the frequent target of controversy due to the Ahmadiyya affiliation of its owners.[7] Several campaigns led by religious conservatives have in the past targeted Shezan, calling for its boycott, and subsequent ban.[8]

Shezan products ban

In 2012, campaigns by traditionally bright Islamic groups found a more liberal voice, amongst these were lawyers from Lahore Bar Association.[9] Soon thereafter, The Lahore Bar Association also banned Shezan products from its premises and subordinate court complexes, threatening tough actions against anyone found buying the drink. The move came as 100 lawyers unanimously voted for the ban on Shezan drinks and products.[10]

Attacks

As a consequence of the numerous initiatives to boycott Shezan products in systematic anti-Ahmadi campaigns, several attacks have been recorded against Shezan factories. In June 2010, unidentified assailants stormed a Shezan factory after which high-explosive bombs were detonated that left four injured.[11]

External links

Notes and References

  1. Web site: Sheezan Annual Report 2023. 21 May 2024.
  2. Web site: 2020-01-06. The Best Juice Brands In Pakistan. 2020-09-11. Runway Pakistan. en-US.
  3. https://www.marketscreener.com/quote/stock/SHEZAN-INTERNATIONAL-LIMI-20703819/?type_recherche=rapide&mots=Shezan%20International Shezan International business summary and stock quote on MarketScreener.com website
  4. News: A focus on quality and innovation . 3 November 2019. Anusha Zahid. Dawn. 23 December 2020.
  5. News: From 'farm to fork' . Anusha Zahid. Dawn. 1 July 2018. 23 December 2020.
  6. Web site: Corporate finance in Pakistan: Case studies from an emerging market. May 13, 1999. [Karachi]

    Oxford University Press: Lahore University of Management Sciences

    . Internet Archive.
  7. Web site: Shezan – What's in a name?. 31 July 2022. Profit by Pakistan Today.
  8. Web site: Why many in Pakistan are vowing 'I'll drink Shezan'. NDTV website. 15 February 2012. Press Trust of India. 23 December 2020.
  9. News: Lahore Bar denies 'Shezan juice ban'. 16 February 2012. Dawn. 23 December 2020.
  10. Web site: Barred: Lawyers ban drink on court complex . The Express Tribune. 11 February 2012. 23 December 2020.
  11. Web site: Shezan factory attacked in Lahore . Rana Tanveer. 14 June 2010. The Express Tribune. 23 December 2020.