Dynea Pakistan Limited was formed in early 1982 as a joint venture between Habib Group of companies and Dynea Industrier of Norway. The name of the company was changed to Dynea Pakistan Limited in 2002,  It is a public limited company with Dynea of Norway & Habib Group being the major share holders.

Dynea is a multinational with 100 wholly or partly owned companies in over 40 countries. Core business of Dynea  is manufacturing of formaldehyde & formaldehyde based resins. Almost 90% of Dynea's turnover is generated outside of Norway. Dynea currently employs some 8,500 people.

it is also the largest producer in Pakistan, of moulding compound used for manufacturing dinner sets and electrical accessories.

Joint venture

The joint venture brought together the technical know-how of Dynea and the organizational and marketing ability, knowledge of local conditions and the reputation of the House of Habib. The complete project was financed through NORAD loan and equity contribution. A housing project was also set up through a grant from NORAD to provide comfortable housing for workers and amenities for the whole area.

Technology

Dynea Pakistan has access to and is using the latest technology in the field of amino resins available with Dynea who are recognized as leader in this field. Dynea’s moulding compound technology was developed by Buss A.G. of Switzerland and is the latest in this field.

Purpose of this industry

 Manufacturing of formaldehyde and aminoplast resins and of moulding compound were both pioneering ventures introduced for the first time in Pakistan. Now only a small quantity of moulding compound is imported into the country and there are no imports of formaldehyde or liquid resins. Tableware industry has grown 10 times because of the availability of locally manufactured raw material. These industries have also helped save huge foreign exchange for the country.

Product Manufacturing Summary

Catalytic oxidation and dehydrogenation of Methanol produce formaldehyde. It is mixed with water and air and then vaporizes the raw materials. The catalyst bed in the reactor consists of silver, which is regenerated and re-used. The formaldehyde product is drawn from the 1^st circulation of the absorber.

It is based upon the reaction of urea and formaldehyde solution. Urea and Formaldehyde is charged into the reactor and heated. After reaching the desired viscosity, the pH is adjusted and cooled before transferring it to the storage tanks.

The basic concept of the moulding compound process is to impregnate the cellulose or wood flour filler with resin and to condense the resin and dry the material to provide a moulding composition. Pigmentation and granulation complete the moulding material process.

  Both Dynea as a corporation and Dynea Pakistan Limited as a company have singled out Health, Safety and Environment as being a high priority issue. Dynea Pakistan is actively working to:

	Protect employees and local surroundings from environment damages
	Manage our resources and assume our share of the environmental responsibility in relation to customer as well as supplier.