Latest news with #TOMCL
Business Recorder
6 days ago
- Business
- Business Recorder
European market: First Pakistani co gets beef casing export permit
KARACHI: The Organic Meat Company Limited (TOMCL), Pakistan's meat processing and export industry, has announced that it has secured the permission to export beef casings to Europe. This marks TOMCL as the first Pakistani listed company to accomplish such a feat, opening up new avenues for the nation's meat export sector. In a material information disclosure to the Pakistan Stock Exchange (PSX), TOMCL told that it has become the first Pakistani company to successfully export beef casing to Europe. This according to the letter, will mark a significant milestone not only for the company but for Pakistani meat processing and export industry. According to the company website, The Organic Meat Company Limited is a public limited company listed on the Pakistan Stock Exchange (PSX) and registered under the Companies Act, 2017. The company is recognized for its expertise in conventional meat production, specializing in beef, mutton, and edible offal sourced from healthy, grass-fed, and free-range animals from Pakistan's fertile agricultural lands. TOMCL also owns the largest animal fattening farm in Pakistan and say that it adheres strictly to international meat safety and veterinary standards, regularly undergoing certifications and audits by various international authorities. The company has already exported meat to key markets such as Iraq, Kuwait, UAE, Saudi Arabia, Vietnam, Malaysia, Egypt, the CIS States, Oman, Qatar, Maldives, and Bahrain. However, data shows that Pakistan's share in the global meat trade is minimal, standing at just around 0.2 percent, with annual export earnings of around $300-570 million. Despite a significant growth in bovine meat exports, the country's share of the global beef market remains low at 0.08 percent. The majority of Pakistan's exports are in the fresh/chilled category, with 92-98 percent of exports going to six Gulf Cooperation Council (GCC) countries. Experts note that the global demand for Halal meat is increasing due to its quality and nutritional value, with the market projected to reach $375.1 billion by 2030. However, Pakistan's market share remains minimal, highlighting the need for attention from researchers and policymakers. The country's high electricity prices also make it uncompetitive in the international frozen beef market, which is dominated by Brazil, Australia and the US. Copyright Business Recorder, 2025
Business Recorder
7 days ago
- Business
- Business Recorder
TOMCL becomes first Pakistani-listed firm to export beef casings to Europe
In a key development for the country's meat industry, The Organic Meat Company Limited (TOMCL), a Pakistani meat processor, has become the first publicly listed Pakistani company to export beef casings to Europe. The company shared the development in a notice to the Pakistan Stock Exchange (PSX) on Thursday. 'We are delighted to announce that TOMCL has proudly become the first Pakistani-listed company to successfully export beef casings to Europe,' read the notice. 'This groundbreaking achievement marks a significant milestone not only for the company but also for Pakistan's meat processing and export industry. 'This inaugural export positions the company on the global map as a trusted supplier in the high-potential European market and opens up exciting new avenues for export growth. It reflects our continuous efforts to diversify our product range and expand our international footprint,' it added. TOMCL boosts frozen beef production, targets rising demand in China Incorporated in Pakistan as a private limited company in 2010, TOMCL is engaged in the processing and sale of halal meat and allied products. It is also one of the leading exporters of red meat and meat by-products. Middle Eastern countries are TOMCL's major export market. However, the company has added pet food raw materials to its portfolio, enabling it to tap the US and Europe as well. The company also has significant business in the Far East, the Commonwealth of Independent States and South Asian markets. In 2021, the Chinese customs authorities approved TOMCL to export heat-treated beef to China. It also claims to be the first Pakistani company to initiate the export of vacuum-packed fresh beef meat and the only company in the region owning the technology to vacuum pack or blast freeze mutton and quarter beef carcasses.
