Month: January 2019

Engro Polymer, Tianchen China sign contract to set up plant

KARACHI: Engro Polymer and Chemicals signed an agreement with a Chinese company to set up a manufacturing facility with an annual production capacity of 100,000 metric tons. “In continuation of the disclosure provided by Engro Polymer and Chemicals Limited on December 28, 2017, wherein the company had announced approval of capacity expansion of PVC, it …

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Engro Polymer signs $35m Ijarah-based financing facility with IFC

KARACHI: Engro Polymer and Chemicals Limited (EPCL) has announced financing of $35 million from International Finance Corporation to expand its production plant of Polyvinyl Chloride (PVC) – a chemical used in making numerous plastic products construction materials like water and sewerage pipes, cables, and consumer items like shoes, packaging films. This financing was a part …

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Engro Polymer & Chemicals to enter hydrogen peroxide business with $23m investment

LAHORE: Engro Polymer and Chemicals (EPCL) has announced it would enter the hydrogen peroxide business with a greenfield investment of $23 million. The project will be funded through internal cash generation.” Furthermore, it said “Engro Polymer & Chemicals Limited derives hydrogen as part of its caustic manufacturing process. Currently, hydrogen is largely being used as …

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