# Engro Polymer secures $35M IFC financing for PVC plant expansion

Engro Polymer and Chemicals announced $35 million financing from IFC for its expansion plans, including a new PVC production line with 100,000 tons capacity and VCM debottlenecking. The project is part of a Rs 10.3 billion expansion expected to be completed by Q3 2020.

- Type: Expansion
- Announced: 2018-11-10
- Where: Pakistan
- Value: $35.0M
- Starts operating: Q3 2020
- Status: announced
- Capacity: 100,000 tons per annum PVC
- Products: PVC resin, VCM, caustic soda flakes
- 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)
- [International Finance Corporation](https://endata.com/companies/12849.md) (investor)

## Sources

- [nation.com.pk](https://www.nation.com.pk/10-Nov-2018/ifc-to-privide-35m-to-engro-polymer), 2018-11-09: "This financing of $35 million would not only fund our expansion plan but would also bring precious foreign exchange to our country."

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