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Nimir approves Rs2b investment for expansion of caustic soda and other plants


9/26/2018
LAHORE: Nimir Industrial Chemicals Limited has given go-ahead to a capital investment of Rs2 billion for the expansion of its caustic soda plant, power generation and soap finishing plant.
 
In a notification sent to the Pakistan Stock Exchange (PSX), NICL said its board of directors in its meeting held on 25th September gave approval for a capital investment of Rs2 billion for the expansion of caustic soda plant, soap finishing plant and power generation.
 
Nimir Industrial Chemicals Limited manufactures and sells industrial chemical products in Pakistan. The company operates through two segments, oleo chemicals and chlor-alkali; and coating emulsion and resins.