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PACHIN has been ranked as the 126th most profitable among the world’s 1000 Paint & Coating Manufacturing according to PLIMSOLL analysis
 
15-Feb-2016
 
After PLIMSOLL (a UK-based worldwide business intelligence) has examined the world’s 1000 paints & coatings companies in its Feb 2016 report, PACHIN has been ranked as:  The 126th most profitable in the global market out of the world’s 1000 paints & coatings manufacturers compared with 76th out of 485 on Mar 2015.  The 199th largest company in the global market out of the world’s 1000 paints & coatings manufacturers compared with 121st out of 485 on Mar 2015.  The 291st fastest growing company.
 
 
Invitation to the General Assembly Meeting for the fiscal year ended June 30th, 2015
 
05-Nov-2015
 
Dr. Mahmoud Abdel Hakim El Refaai , Chairman & Head of the General Assembly, has the honor to invite you to attend the Ordinary General Assembly Meeting of the Paints and Chemical Industries Co. (PACHIN) on November 21, 2015 at 01:00 p.m. , at Ramsis hall in TRIUMPH Hotel , El Khalifa El Maamoun St., Heliopolis , Cairo. To discuss the following agenda: - 1- Submission & Approval of the Board of Directors Report regarding the Company’s activities during the fiscal year ended June 30, 2015. 2- Auditor’s report concerning the Balance Sheet, Income Statement and Cash Flow Statement and Changes in Shareholder’s Equity Statement for the fiscal year ended June 30, 2015. 3- Submission & Approval of the Company's financial statements for the fiscal year ended June 30, 2015. 4- Approving the Profit Distribution plan for the fiscal year ended June 30, 2015. 5- Discharging the Board of Directors from any liability for the fiscal year ended June 30, 2015. 6- Appointing the Company’s auditor and determination of his fees along with the Central Auditing Organization for the fiscal year 2015/2016. 7- Determination of remuneration & compensations for the Board Members for their attendance & participation on the Board of director for the fiscal year 2015/2016. 8- Authorizing the Board of Directors to donate during the fiscal year 2015 / 2016 an amount not to exceed one million Egyptian pounds, and within the legally prescribed limits. 9- Presenting a report includes the commitments of the shareholders according to the General Authority for Financial BOD’s decree no. (11) of 2014 regarding the major shareholders & their associated parties’ dealings and the internal as well. 10- Appointment of BOD members according to the company’s policy. Who wants to nominate himself, he should fill the application in the company’s head quarter in 1 factories st, El Amiria, Egypt, not later than November 14, 2015. 11- Approval of selling the ancient Egypt land by public auction. 12- Approval of ensuring Paints & Chemical Industries Co. for El Obour Paints & Chemical Industries Company in all bank contracts, credit facilities and loans and authorize the Managing Director and who has the right to sign the banking for the company's sponsorship contracts. 13- Consideration of the license to the Board of Directors to conclude netting contracts.
 
 
PACHIN has participated in the presidential procession of the new Suez Canal
 
01-Aug-2015
 
PACHIN has participated with its special paints in the presidential procession of the new Suez Canal.
 
 
According to PACHIN consolidated financial statements from Jul 1, 2014 up to Mar 31, 2015 …
 
14-May-2015
 
According to PACHIN consolidated financial statements from Jul 1, 2014 up to Mar 31, 2015 …  Revenues have decreased to LE 637.1 m compared with LE 699.3 m on Mar 31, 2014  Net Profit after taxes & non controlling interest is LE 31.7 m compared with LE 54.9 m on Mar 31, 2014 The reasons of this scaling back of revenues & profits in PACHIN consolidated financial statements are: 1. The scaling back of revenues & profits of PACHIN-El Obour due to the decrease in Libya export revenues from LE 42.6 m on Mar 31, 2014 to LE 9.8 m on Mar 31, 2015. 2. The unrest & security pressures in Libya led to decrease the consolidated revenues from PACHIN – Libya (From LE 47.1 m on Mar 31, 2014 To LE 29 m on Mar 31, 2015). 3. The decrease of net profit from PACHIN – Libya (From LE 11.5 m on Mar 31, 2014 To LE 3.2 m on Mar 31, 2015) 4. The increase in the imported raw materials average prices due to the deflation of the local currency (from 6.99 to 7.63 LE per US $). Raw materials prices had been helmed with extra costs due to the lack of foreign currency at the banks. So, the company had to pay storage fees & penalties at the destination ports. 5. A change in the accounting scheme had been enforced by the authorities. Thus, the period (Jul 2014 – Mar 2015) had been affected by LE 26 m (including LE 10 m for Q4 2013/2014). The promotions/discounts had been considered as credit notes not as free goods, This resulted in net sales value decrease and accordingly affected the gross profit, EBIT & net profit. 6. The profits were affected by the temporary three-year 5% tax hike on individuals & companies earning more than LE 1 million a year. Thus, the company had to pay 30% of its earning as taxes.
 
 
El Obour PACHIN has a joint cooperation agreement with (Gyproc/Saint-Gobain)
 
22-Jun-2015
 
In the frame of developing PACHIN’s product portfolio in accordance with customer needs and market requirements. El Obour PACHIN has a joint cooperation agreement with (Gyproc/Saint-Gobain) allowing each of them to mutually use the available capabilities (available products) which creates added value to both of them.
 
 
PACHIN has been ranked as the 76th most profitable among the world’s 485 largest Paint & Coating Manufacturing according to PLIMSOLL analysis
 
09-Apr-2015
 
After PLIMSOLL (a UK-based worldwide business intelligence) has examined the world’s 485 largest paints & coatings companies in its Mar 2015 report, PACHIN has been ranked as:  The 76th most profitable in the global market out of the world’s 485 largest paints & coatings manufacturers compared with 87th out of 200 on Oct 2014.  The 121st largest company in the global market out of the world’s 485 largest paints & coatings manufacturers compared with 172nd out of 200 on Oct 2014.
 
 
PACHIN is participating in the BIG Show 2015 (Builders International Gathering) in Oman
 
25-Mar-2015
 
PACHIN is participating in cooperation with the Platinum Muscat Gate in the 12th International exhibition of the latest building materials, construction equipment, wood machinery & interior furnishings in Oman. The BIG Show 2015 “Builders International Gathering” will be held during (30 March - 2 April) 2015 at Oman International Exhibition Centre, Muscat, Sultanate of Oman. PACHIN will present all its products & the new ones as well.
 
 
According to PACHIN consolidated financial statements from Jul 1, 2014 up to Dec 31, 2014 …
 
17-Feb-2015
 
According to PACHIN consolidated financial statements from Jul 1, 2014 up to Dec 31, 2014 …  Revenues have decreased to LE 433.3 m compared with LE 481.4 m on Dec 31, 2013  Gross profit has decreased to LE 35.7 m compared with LE 71 m on Dec 31, 2013  Net Profit after taxes & non controlling interest is LE 17.6 m compared with LE 45.2 m on Dec 31, 2013 The reasons of this scaling back of revenues & profits are: 1. Manufacturing activities lost momentum due to slow down in trade & business activities. This led to slow production rates & soften business gains during the period (Jul – Dec) 2014. 2. The deflation of the local currency (from 6.98 to 7.18 LE per US $). Moreover, there were + 12% increase in the imported raw materials average prices and +1.9% increase in local raw materials average prices (compared with average prices of 30/6/2014). 3. The unrest & security pressures in Libya led to decrease in export revenues (From LE 31 m “during H.1 2013/2014” To LE 5 m “during H.1 2014/2015”) & the consolidated revenues from PACHIN – Libya (From LE 30.2 m “during H.1 2013/2014” To LE 18.3 m “during H.1 2014/2015”) … This total LE 23.3 m compared with LE 61.2 m on Dec 31, 2013. 4. A change in the accounting scheme had been enforced by the authorities. Thus, H1 2014/2015 had been affected by LE 22.8 m (including LE 10 m for Q4 2013/2014). The promotions/discounts had been considered as credit notes not as free goods, This resulted in net sales value decrease and accordingly affected the gross profit, EBIT & net profit. 5. The profits were affected by the temporary three-year 5% tax hike on individuals & companies earning more than LE 1 million a year. Thus, the company had to pay 30% of its earning as taxes.
 
 
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