# Engro Corporation to invest Rs3.03 billion in Engro Polymer and Chemicals for expansion

Engro Corporation announced an investment of at least Rs3.03 billion into its subsidiary Engro Polymer and Chemicals through a rights issue, to support expansion of chemical production plants by 2020.

- Type: Investment
- Announced: 2018-03-30
- Where: Pakistan
- Value: $26.0M (3.03B PKR)
- Starts operating: 2020
- Status: announced
- Products: PVC, chemicals
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Engro Polymer & Chemicals](https://endata.com/companies/20990.md)
- [Engro Corporation](https://endata.com/companies/31033.md) (investor)

## Sources

- [tribune.com.pk](https://tribune.com.pk/story/1672765/engro-inject-minimum-rs3-03-billion-chemical-subsidiary), 2018-03-30: "the board of directors approved an investment of up to an amount of Rs3.034 billion in Engro Polymer and Chemicals Limited"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.