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ICI Pakistan and Tariq Glass Industries executed a joint venture agreement to set up a greenfield float glass manufacturing facility with a production capacity of up to 1,000 tonnes/day, to be built in two phases of 500 tonnes/day each. ICI Pakistan will hold 51% and Tariq Glass 49%.
“ICI Pakistan will invest in the joint venture company (JVCO) by subscribing to 51 percent of its issued and paid-up capital, while the rest will be subscribed by Tariq Glass Industries.”just-pakistan.com
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